Hewlett Packard signs up two co-operative banks for its data storage platform

Hewlett Packard signs up two co-operative banks for its data storage platform
15 Oct, 2018

IT solutions firm Hewlett Packard Enterprise (HPE) on Monday announced that it had migrated two co-operative banks - one each in Andhra Pradesh and neighbouring Telangana - to its HPE 3PAR data storage platform. 

The platform will facilitate internet transactions on the website and mobile apps of Andhra Pradesh State Co-operative Bank Ltd (APCOB) and Telangana State Co-operative Apex Bank Ltd (TSCAB), HPE said in a statement.

Both scheduled banks have a vast network of branches in rural areas and smaller towns and are meant to facilitate agricultural development.

“Resilience, security, and agility are absolutely essential for banks to ensure they are able to offer an exceptional customer experience. HPE 3PAR offers financial institutes a flexible storage platform to keep pace with their growing business," said Som Satsangi, managing director of HPE India.

HPE said it had recently added artificial intelligence (AI) functionality to its solid state data storage 3PAR platform to drive higher levels of application availability and automation in on-premise infrastructure for increased productivity and efficiency. 

The HPE 3PAR StoreServ 8450 is designed to handle unpredictable workloads, it added.

Both APCOB and TSCAB were previously using Unix-based systems with x86-based HPE servers for easier hardware management. The banks were exploring storage solutions which could enable them to better utilise rack space apart from facilitating faster online transactions to customers.

“With HPE 3PAR StoreServ 8450, we are able to build a data management infrastructure to enable a storage economy of scale that transforms analytical workloads and makes cognitive computing initiatives possible,” said Rajasekhar Chowdary, head of IT infrastructure and InfoSec at TSCAB.

“By avoiding non-essential data reads and writes, the HPE 3PAR adaptive optimisation with read and write technology has reduced latency, enhanced the backend performance, and extended the flash media lifespan, helps us lower our total cost of ownership for storage,” said Srinivas Muppaneni, group chief information officer at APCOB.