Thursday, March 17, 2011

Infosys Standardizes IT Infrastructure At PNB

Infosys, a platinum level partner of Oracle Partner Network (OPN) has deployed its Finacle Universal Banking Solution on Oracle's Sun SPARC Enterprise Servers and Oracle Solaris to standardize the IT infrastructure of Punjab and Sind National Bank. The clusters will be hosted on Oracle servers.

The second largest public sector bank caters to over 60 million accounts, over 5000 branches and extension counters and manages 14 terabytes of data.

Post the standardization, PNB increased daily business transactions by 30 percent, saw a 100 percent rise in the number of transactions from delivery channels from five lakh a day to ten lakh everyday. Finacle will also enable growth in the number of concurrent users accessing across branches to 35000.  The IT optimization reduced day end activities by 1.5 hours, and the bank would also be able to automate its statistics within 12 hours as against 28 hours. The query response time also reduced to less than 30 minutes.

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