NKGSB Bank Accelerates Digitalization Efforts Using the Nutanix Cloud Platform

Nutanix (NASDAQ: NTNX, a leader in hybrid multicloud computing, today said NKGSB Bank, one of India’s premier cooperative banks, accelerated its digitalization efforts using the Nutanix Cloud Platform. The move enabled the bank to roll-out new applications that are providing a seamless and improved digital experience for customers, and to help drive increases in productivity and revenues.

 

NKGSB was able to transform digitally because the Nutanix Cloud Platform helped it shift to a 100-percent virtualized environment and leverage hyper-convergence to scale resources as customer demand heightened. Nutanix’s technology also aided in significantly reducing the bank’s time spent managing workloads and its rack footprint, thereby reducing colocation charges and ongoing power costs. Nutanix also brought industry intelligence that helped the bank to do away with resource allocation on routine and mundane tasks and implement automated business processes.

 

“One of the great things about Nutanix is the ability to gain greater visibility, combined with advanced analytics, to give us actionable intelligence to proactively manage service levels, optimize resource usage and help ensure configuration compliance across physical, virtual and cloud environments,” said Amit Jaokar, chief digital officer and chief information security officer, NKGSB Bank.

 

“Banks need an agile IT foundation that can help them compete with fintechs and digital startups, and cope with the complexity of burgeoning regulatory requirements. We are proud the Nutanix Cloud Platform continues to be preferred by leading banks globally and in India because it helps them drive agility and customer-focused innovation. Nutanix’s hybrid multicloud platform unifies divided operations, accelerates time to market, and breaks down expensive silos with a solution that delights stakeholders, businesses, and developers alike. Additionally, its architecture grants enterprises the flexibility to adopt and scale various applications and microservices that are imperative in today’s fluid business landscape to meet ever-growing customer expectations.” said Rajesh Krishnia, Business Head – BFSI & Enterprise, Nutanix India.

 

Many banks today face significant technical and business challenges, ranging from contact center and branch productivity delays, downtime due to frequent upgrades and updates, complex and under-utilized legacy infrastructure, and limited automation of IT processes. The Nutanix Cloud Platform is enabling the BFSI sector to overcome these issues and achieve accelerated digital transformation with agile, automated IT.