Case Study | Nelito Systems Ltd. Has successfully implemented Data Archival and Retrieval Solution (FinDART) at The Jammu and Kashmir Bank Ltd, Srinagar.
The Jammu and Kashmir Bank Ltd (J & K Bank), a private sector bank headquartered in Srinagar, commenced its business in the year 1939. The bank functions as a universal bank in Jammu & Kashmir and as a Facts & Figures specialized bank in the rest of the country. It is only private sector bank designated as RBI’s agent for • Client Name: The Jammu and Kashmir Bank Ltd (J&K Bank) • Branches (#): 1000+ Branches banking business, and carries out the banking • Servers: 2 (FinDART Database and Application Servers) business of the Central Government, besides • Location: J&K Bank, Zonal Office, Jammu. collecting central taxes for CBDT. The Bank has an • Time taken: 10+ Months ATM network at 1000+ locations and 1023 branches • Supplier: Nelito Systems Ltd. in the country. • Solution Implemented: FinCraftTM Data Archival and Retrieval Solution (FinDART)
The Bank has put in place a robust IT infrastructure with Finacle as core banking software (CBS) platform running in all Business Units. Besides Bank is offering facilities like e-banking, mobile banking, Insurance business tie-ups, Demat and Share trading facilities, Credit Card Business & is handling State Govt. business as an agent of RBI. J & K Bank approached Nelito with the following key requirements; • • • • • •
To reduce storage and backup management costs by leveraging on the bank’s existing data storage investments more efficiently, and minimize costly upgrades of legacy software To increase performance and efficiency. Achieve space efficient backups by using archival and data deduplication technologies To ensure regulatory compliance and regulation, policies for data retention on disk / tapes To provide MIS and reports for internal purpose and regulatory reporting To develop a search feature of record
Based on Nelito’s rich experience of successfully implementing FinDART in leading Banks and its capabilities to add significant value to the project, J & K bank shortlisted Nelito’s FinDART Solution for implementing the solution at its head office branch. Nelito successfully archived data of 4 source systems and was able to provide reports on the basis of scope of work with the help of Nelito’s FinDART Solution.
Following are the Implementation Highlights with single point responsibility: • • • •
On basis of deep analysis of the entire scope of work, and studying the Bank’s existing data, Nelito came up with the best solution and services to fulfil Bank’s requirements Delivered Archival solution for legacies (B2K, Nelco, Kale, IBR) and was able to develop reports as requested by the bank Provided training to bank's project team & user team and covered both classroom and hands on. Ensured regulatory compliance and regulation, policies for data retention on disk / tapes
Benefits achieved by our client after upgrades of legacy software: • • • •
Increased performance and efficiency. Achieve space efficient backups by using archival and data de-duplication technologies Extraction of MIS and reports for internal purpose and regulatory reporting Provided search feature of record Client Speak:
Mr. Kamal Deep Singh, Project Manager | J & K Bank “We would like to thank FinDART onsite Team from Nelito and Banks project team for their relentless support on the project. I would like to congratulate all of you on the successful Implementation of FinDart Data Archival solutions in an efficient way at J&K Bank Ltd. The business team of FinDART is very diligent and understood the needs and made the reports as per banks requirement. Moreover, FinDART Product is also flexible and the product delivery team was open to customize the product as per the needs of the business and hope the same support for future requirements as well. The Nelito team for the project were very supportive and did a wonderful job for the project. We hope for the same co-operation and continuous support during the contract period as well. The hard work and dedication shown by Project onsite team (Nelito and Bank), during the entire implementation process including development, UAT and Go-Live support and addressing data migration observations is commendable and highly appreciated. Once again, we wish you all the very best for all your future endeavours.”
About Nelito Systems: Nelito Systems Ltd., India (Subsidiary of DTS Corporation Japan) is engaged in the business of providing software solutions and services for Banking and Financial Institutions across the globe. With 26+ years of deep BFS experience & execution capabilities, Nelito provides “Excellence with Agility” through its solutions & personalized services, making it a preferred technology partner of trust. For more details visit www.nelito.com
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