Ratnakar Bank outsources IT infrastructure to Netmagic Solutions

Netmagic Solutions and Ratnakar Bank engage in a strategic outsourcing partnership for 5 years.

As part of the partnership, Netmagic will host and support infrastructure for applications such as Finacle Core Banking System, Exchange 2010 Email, File Servers, Branch terminal servers, Payment Application Services, Treasury Application Services, Depository Systems, Anti-Money Laundering, Asset Liability Management, Internet Banking, Training Application and HRIS for Ratnakar Bank.

Netmagic will also provide Managed Security services to protect Ratnakar Bank's hosted IT infrastructure from external threats and will also host the bank's Desktop-As-A-Service (DAAS) environment.

Commenting on this development, Anup Purohit, SVP & Head IT, Ratnakar Bank said, "With Netmagic we will have dedicated resources during peak hours and shared resources during non-peak hours among other service benefits that help us leverage their expertise without increasing our Capex investment in IT."

 

Says Sunil Gupta, President and COO, Netmagic Solutions, "This strategic decision on the part of their management will add tremendous value to customers of the bank in getting easy access to banking services that were hitherto available with only large banks. It will also free up management time to focus on its core banking activities instead of managing IT uptime."