IBM collaboration to boost growth

Technology major IBM India has entered into an agreement with private sector lender HDFC Bank to build a cost-effective IT framework to support the bank's business growth, according to Trading Markets.

HDFC Bank is the first commercial bank in India to adopt the IBM's mainframe and the collaboration will enable HDFC Bank to keep its critical credit card processing requirements in-house, IBM said in a statement.

It will also eliminate additional investments in data centre costs and offers the option of migrating other applications like core banking to IBM's solution, it added.

Raiffeisen Bank Polska SA, a subsidiary of Raiffeisen International, a financial corporation in central and eastern Europe, has deployed 'VIP Mobile' a next-generation mobile banking solution, reports Finextra.

VIP Mobile is based on the eLeader.MobileBanking platform, the world's first m-banking solution individually tailored to major mobile platforms.

The user interface of VIP Mobile has been designed specifically for smartphones with Symbian and Windows Mobile operating systems, providing a completely new approach to user experience in m-banking. Mariusz Glinski, head of electronic banking at Raiffeisen Bank said: "If we are serious about m-banking, we have to accept that a 'one-size-fits-all' approach to mobile applications will only take us so far in today's market.”

Renasant Bank has implemented Goldleaf's Web design and hosting solution to facilitate online account openings and has since secured more than $1 million in online deposits, says Goldleaf Financial Solutions, a provider of integrated technology-based solutions, according to GlobeNewswire.

The Mississippi, US-based bank, which went live with the Web solution in May 2008, initially wanted to drive more traffic to its Web site while also tightening the cohesiveness of its brand across all channels of the enterprise.

In addition, it was important that the new site easily communicate the various products and services offered by the bank, as well as enable employees to use the site as an internal reference point to leverage cross-sell opportunities.