Karnataka Bank Limited has partnered with IBM to revamp its digital banking setup using IBM Cloud Pak for Integration on Red Hat OpenShift. Fyrii, an IBM ecosystem partner, along with IBM’s Customer Success Team, drove the rollout, creating a robust API platform that cuts costs and bolsters scalability. This shift supports swift launches of digital payments, loans, and partner links while linking securely to internal and external networks.
The new setup lifts scalability by 50% and trims operations costs by 30% via container-optimised microservices. It includes digital gateways for API flows and an AI Gateway letting partners tap the bank’s AI models. Connections now flow smoothly to UIDAI, CERSAI, GST, Reg-Tech, and CBDT, aiding quick responses to market shifts and rules.
Venkat Krishnan, Chief Information Officer at Karnataka Bank, stated, “This marks a major milestone in our digital journey. With IBM Cloud Pak for Integration on Red Hat OpenShift, we now have an agile and secure platform that allows us to scale operations across India, simplify system management, and reduce costs-all while improving the overall customer experience.”
Viswanath Ramaswamy, Vice President, Technology, IBM India & South Asia, noted, “Today’s banking sector is more complex than ever, comprising many systems and data sources in constant use. To stay ahead, banks require intelligent automation that not only streamlines operations but also anticipates issues before they arise. Karnataka Bank’s modernisation showcases how intelligent automation and integrated systems can reduce complexity, boost efficiency and accelerate the delivery of secure, reliable digital services at scale.”
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Padma Subramanian, Co-founder and CEO of Fyrii, remarked, “As IBM’s implementation partner, we at Fyrii are proud to support Karnataka Bank’s modernisation journey by leveraging our Unified Fintech Platform alongside IBM Cloud Pak for Integration. This collaboration with IBM and Karnataka Bank demonstrates how we at Fyrii use our platform to accelerate digital transformation with greater agility and secure API enablement, helping form a foundation for the bank to innovate and serve customers seamlessly.”
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