Fedbank has selected IBM Power systems to run its business critical loan origination application. Fedbank selected IBM Power Systems over Oracle and HP because of the IBM platform's ease of management, cost-effectiveness and price-performance ratio.
"As a company, Fedbank has been committed to transform itself into a leader amongst our peer group of Non Banking Financial Corporations. Investment in technology plays an important role in this transformation - helping improve speed and time to market, increasing the visibility of information, growing our client base and providing the highest level of service to our end users. IBM's vast experience of working with leading banks across the globe and in India, will bring to the table not just unmatched technology, but the industry expertise that we believe will be of significant help," said Shome Sengupta, M D & CEO, Fedbank Financial Services.
"IBM is pleased to further extend our engagement with Fedbank with this recent implementation. IBM Power Systems clearly offer clients an unmatched value proposition, in addition to a robust technology roadmap. The Fedbank solution is a perfect example of companies turning to IBM's Power Systems to improve efficiencies, cut costs and better manage their operations while planning for growth." said, Viswanath Ramaswamy, VP, Power Systems, Systems and Technology Group, IBM India/South Asia.
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