Case Study | Nelito Systems Ltd. Has successfully implemented Data Archival and Retrieval Solution (FinDART) at The Jammu and Kashmir Bank Ltd, Srinagar.
The Jammu and Kashmir Bank Ltd (J & K Bank), a private sector bank headquartered in Srinagar, commenced its business in the year 1939. The bank functions as a universal bank in Jammu & Kashmir and as a Facts & Figures specialized bank in the rest of the country. It is only private sector bank designated as RBI’s agent for • Client Name: The Jammu and Kashmir Bank Ltd (J&K Bank) • Branches (#): 1000+ Branches banking business, and carries out the banking • Servers: 2 (FinDART Database and Application Servers) business of the Central Government, besides • Location: J&K Bank, Zonal Office, Jammu. collecting central taxes for CBDT. The Bank has an • Time taken: 10+ Months ATM network at 1000+ locations and 1023 branches • Supplier: Nelito Systems Ltd. in the country. • Solution Implemented: FinCraftTM Data Archival and Retrieval Solution (FinDART)
The Bank has put in place a robust IT infrastructure with Finacle as core banking software (CBS) platform running in all Business Units. Besides Bank is offering facilities like e-banking, mobile banking, Insurance business tie-ups, Demat and Share trading facilities, Credit Card Business & is handling State Govt. business as an agent of RBI. J & K Bank approached Nelito with the following key requirements; • • • • • •
To reduce storage and backup management costs by leveraging on the bank’s existing data storage investments more efficiently, and minimize costly upgrades of legacy software To increase performance and efficiency. Achieve space efficient backups by using archival and data deduplication technologies To ensure regulatory compliance and regulation, policies for data retention on disk / tapes To provide MIS and reports for internal purpose and regulatory reporting To develop a search feature of record
Based on Nelito’s rich experience of successfully implementing FinDART in leading Banks and its capabilities to add significant value to the project, J & K bank shortlisted Nelito’s FinDART Solution for implementing the solution at its head office branch. Nelito successfully archived data of 4 source systems and was able to provide reports on the basis of scope of work with the help of Nelito’s FinDART Solution.