How IBM is assisting DSK Bank to make 20% savings

DSK Bank has completed the migration of its banking operations to IBM’s datacenters as part of a long-term IT services agreement to manage the IBM Cloud infrastructure.

DSK has selected private cloud capabilities to transform its core banking platform and develop new services for its more than three-million individual and business clients.

IBM said this is the latest example of how cloud and traditional IT are converging in the enterprise and how financial institutions enable innovation by consuming IT in an “as-a-service” model.

DSK Bank, founded in 1951 as the State Savings Bank, is the biggest Bulgarian bank in terms of assets and branches.

“As a result of working with IBM, we expect to generate up to 20 percent in annual recurring savings,” said Nikolay Shalamanov, head of Directorate Operative Maintenance of IT systems, DSK Bank, OTP Group.

DSK Bank’s most critical applications, DSK Direct for e-banking and DSK Smart for mobile payments – are running faster by 10 to 15 percent.

IBM Cloud offers secure deployment options that can help DSK to develop new client experiences for diverse customer sets, enable effective collaboration and improve speed to market – all while increasing IT efficiency.

“Adopting this IBM Cloud model will set the bank to benefit from future cognitive technologies,” said Igor Pravica, country leader of IBM Bulgaria.

IBM will run the IT infrastructure, supporting DSK Bank’s core banking environment. IBM will provide managed services for mainframe, servers, storage, end-user computing, help desk as well as software support.

DSK Bank will rely on data center services from IBM Tier III Datacenters based in Vienna, Austria. The solution is fully aligned with European Union’s regulations for free movement of data and leverages IBM’s long standing experience in the financial services sector.

Meanwhile, IBM said it is providing self-service analytics options for statistical capabilities for faster decision making.

IBM SPSS Statistics Subscription gives the power of SPSS Statistics’ predictive analytics capabilities with a flexible subscription payment option, including an easier buying, managing and licensing experience.

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