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Karnataka Bank taps Nutanix to run all of its business applications

By Gloria Mathias

December 26, 2024

  • Banking technology
  • BankTech News
  • Clix Capital
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Karnataka Bank, Fintech news, Clix Capital, Yubi, Co-lending, MSME Loans, Fintech News India, Colend, SME Solutions, Loans Management, India, Navi, Fintech India, FinTech Lending solutions, NPCI, credit on UPI, Credit Facility, Nutanix, Fintech Solutions, Banking technology, BankTech News,Nutanix, a hybrid multi-cloud computing platform, has announced that Karnataka Bank is running all of its critical business applications, including cloud-native external-facing ones used by customers, on Nutanix’s Cloud Platform (NCP) solution, which supports Kubernetes.

The applications running on NCP enable the bank to provide services such as mobile and Internet banking, fraud and risk management, loan management, and much more. The bank is also running a cloud-native digital currency application required by the Reserve Bank of India on NCP.

The bank is using Nutanix solutions to provide the application to customers because Nutanix was able to support and deploy it. The Nutanix Kubernetes Platform solution is integrated with NCP. Karnataka Bank also uses Nutanix’s platform in its disaster recovery site.

Nutanix solutions can help keep the bank’s applications up and running during disasters and other unforeseen circumstances since NCP has also been deployed in the bank’s second on-premise data centre. This enables the bank to continue running its applications there, if needed, on the same platform and without unreasonable interruption.

“Our customers are digitally savvy, so this requires us to quickly roll out and provide cloud-native applications that are easy to use, can be easily updated, and are always available,” said Venkat Krishnan, CIO of Karnataka Bank. “Nutanix’s platform, ability to support Kubernetes, and professional services enable us to deploy the applications required by the marketplace we serve and regulators.”

“Our partnership with Karnataka Bank underscores Nutanix’s ability to help financial institutions run their critical business applications, including those used by customers and employees,” said Faiz Shakir, Vice President of Southern Asia at Nutanix. “Our collaboration with Karnataka Bank also highlights how Nutanix can help financial institutions deploy and provide cloud-native applications that need to run in containers across any environment, whether on-premises or in the cloud.”

The top three banks in India and others in the country use Nutanix solutions.

 

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