In India major financial institutions are increasingly relying on advanced cloud technologies to enhance their operational capabilities and customer offerings. Case in point, Karnataka Bank has successfully transitioned all of its critical business applications to the Nutanix Cloud Platform (NCP), enhancing its operational efficiency and service delivery.
This adoption includes cloud-native applications that cater directly to customers, enabling essential services such as mobile and internet banking, fraud and risk management, and loan management. Notably, Karnataka Bank is also utilising NCP to support the Indian government's cloud-native digital currency application, as mandated by the Reserve Bank of India.
Venkat Krishnan, chief information officer of Karnataka Bank, stated, “Our customers are digitally savvy, so this requires us to quickly roll out and provide cloud-native applications that are easy to use, can be easily updated, and are always available. Nutanix’s platform, ability to support Kubernetes, and professional services enable us to deploy the applications required by the marketplace we serve and regulators.”
The integration of Nutanix's solutions extends beyond application deployment; it also plays a crucial role in the bank's disaster recovery strategy. By deploying NCP in its secondary on-premise data centre, Karnataka Bank ensures that its applications remain operational during unforeseen disruptions. This setup allows seamless continuity of services with minimal interruption.
, remarked, “Our partnership with Karnataka Bank underscores Nutanix’s ability to help financial institutions run their critical business applications, including those used by customers and employees. "This collaboration highlights how Nutanix can help financial institutions deploy and provide cloud-native applications that need to run in containers across any environment, whether on-premises or in the cloud,” said Faiz Shakir, vice president for Southern Asia at Nutanix.
As one of the top three banks in India, Karnataka Bank's choice to implement Nutanix solutions reflects a broader trend within the sector, where major financial institutions are increasingly relying on advanced cloud technologies to enhance their operational capabilities and customer offerings.
