SVC Co-operative Bank Limited Turns to FatPipe's SD-WAN Solution to Achieve Business Continuity in Group Banking Companies

SALT LAKE CITY, March 20, 2018 /PRNewswire/ -- FatPipe® Networks, the inventor and multiple patents holder of software-defined networks for wide area connectivity and hybrid WANs, today announced that SVC Co-operative Bank Limited has selected FatPipe's family of SD-WAN solutions to achieve business continuity in its network.

SVC Bank is offering its own indigenously developed Core Banking System "Genius" to other co-operative banks on ASP (application service Provider) and perpetual licensing mode for highly secure banking operations. SVC Bank's flagship product "Genius Core Banking System" is being re-architected and rebuilt using the latest technology to make it modular for integrating easily and securely across all digital payment channels, in conformance with KYC (Know Your Customer) initiatives of the Indian government. SVC Bank has also invested significantly in offering 'Digitized Banking' services via various channels. Some of the major projects towards Digitized Banking like Immediate Payment System (IMPS), Smart PIN initiatives, mobile banking, and passbook printing kiosks have been successfully implemented.

The Bank is constantly building and enhancing its IT infrastructure using latest technology for green and secure data centers with resilient connectivity between all branches and ATMs. A disaster recovery plan was successfully tested for all SVC applications including client banks across the primary data centers and disaster recovery sites. The Bank is deploying technology as a strategic business enabler - to build a distinct competitive advantage and to achieve superior standards of customer service.

At SVC Bank, we have molded ourselves and our systems for this Human+Technology ecosystem where one complements another. The output: A bank which feels, senses, anticipates and acts along with the best technology to provide our customers with better, more personalized banking services," said Shridhar N. Rane, SVP Bank's Head – IT Information Technology. "This is why we turned to FatPipe's resilient SD-WAN solution to simplify and ensure disaster recovery, business continuity and WAN connectivity across our data centers and branch offices. FatPipe provides us with a virtually infallible WAN that can save us an immense amount of money optimizing the WAN resources and applications availability to our customers 24x7, which is critical to our business."

"SVC Bank is one of India's oldest co-operative bank's providing personalized banking solutions to satisfy their customers' many banking requirements," said FatPipe's CTO Sanch Datta. "By deploying FatPipe's SD-WAN solutions, SVC Bank can continue to offer smart, diverse solutions backed by a sustainable network that is highly secure, redundant, reliable and fast. Now SVC Bank's operations can benefit from a network that won't let them down − regardless of link degradation or failures, router software or hardware faults or routine maintenance."

About SVC Bank Limited

SVC Co-operative Bank Limited was founded when co-operation was just beginning to gain ground in the country. It was set up with the primary objective of assisting the less fortunate members of the community in its economic enterprises, to encourage savings and to create funds for providing financial aid to deserving members.

Rao Bahadur Shripad Subbarao Talmaki, the Maharshi of Co-operation, was the main architect of the Bank. The Bank was originally registered as a Co-operative Credit Society on 27th December 1906.

Thus inspired by lofty ideals for the betterment of the economic, moral and material well-being of the Community, the Bank was brought into existence with modest beginnings. Visit http://www.svcbank.com.

About FatPipe Networks

FatPipe® Networks invented the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for hardware and software, or cooperation from ISPs and allows companies and service providers to control multi-link network traffic. FatPipe currently has 10 U.S. patents and more than 180 technology claims related to multipath, software-defined networking and selective encryption of broadband networks. FatPipe technology provides the world's best intra-corporate wide area network solutions that transcend Internet and other network failures to maintain business continuity and high transmission security. FatPipe, with several thousand customers, has offices in the United States and around the world, with resellers worldwide including almost all national resellers in the US. For more information, visit www.FatPipe.com. Follow us on Twitter @FatPipe_Inc.

FatPipe is a registered trademark of FatPipe, Inc. Other product and company names herein may be trademarks of their registered owners. 

Contact:
Terry May  
FatPipe Networks 
+1 801.683-5656 x 1126
[email protected] 

SOURCE FatPipe Networks

Related Links

http://www.FatPipe.com