IBM has teamed up with Karnataka Bank Limited (KBL) to improve its digital banking framework utilising IBM Cloud Pak for Integration on Red Hat OpenShift.
Carried out by Fyrii, an IBM ecosystem partner, alongside the IBM Customer Success Team, this has enabled Karnataka Bank to build a secure, scalable, and flexible application programming interface (API) platform while reducing the total cost of ownership and enhancing its digital infrastructure.
Through this joint innovation, Karnataka Bank has developed a contemporary, secure, and scalable API platform that enhances the bank’s digital infrastructure and lowers operational expenses.
“With IBM Cloud Pak for Integration on Red Hat OpenShift, we now have an agile and secure platform that allows us to scale operations across India, simplify system management, and reduce costs, all while improving the overall customer experience,” Venkat Krishnan, chief information officer at KBL, said.
This platform enables faster deployment of services such as digital payments, loan processing, and third-party integrations, while ensuring secure connections to internal and external systems, the press release said.
The upgraded API infrastructure boosts security, increases scalability by 50%, and reduces operational costs by 30% through a container-based platform designed for efficient microservices. It allows the bank to manage all API traffic via digital gateways and enables external partners to access the bank’s AI models through the AI Gateway.
The release said that this setup ensures seamless communication with internal, external, and cloud systems while integrating with UIDAI, CERSAI, GST, Reg-Tech, and CBDT services, supporting quick adaptation to market and regulatory changes.
“Today’s banking sector is more complex than ever, comprising many systems and data sources in constant use. To stay ahead, banks require intelligent automation that not only streamlines operations but also anticipates issues before they arise,” said Viswanath Ramaswamy, VP of Technology at IBM India & South Asia.
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