Cosmos Co-Operative Bank selects IBM to run its banking solution
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE The Cosmos Co-operative Bank Ltd. (Cosmos Bank) has selected IBM's robust POWER 7 systems to run its core banking solution. Cosmos Bank has consolidated its sprawling server infrastructure of over 8 Power 5+ servers (which included P570, P55A & 52A servers) onto three IBM POWER 7 servers (POWER 750) to run its core banking application. With the new system, the bank expects to increase performance by 50% (with 100% additional headroom for growth within each server) while reducing operating costs by 40%. Power consumption is also expected to be reduced by 65%. IBM POWER7 systems will help the bank analyze customer data, helping it to better manage current demand for its products and services as well as predict areas of potential future growth. The new system will also enable Cosmos Bank to manage applications and services at less cost, with technology breakthroughs in virtualization, increased energy savings and more cost-efficient use ...