DSK Bank moves core and digital banking ops to IBM Cloud
DSK Bank, Bulgaria’s largest bank and a member of the OTP banking group, has completed the migration of its banking operations to IBM’s data centres.
“DSK has selected private cloud [IBM Cloud] capabilities to transform its core banking platform and develop new services for its more than three-million individual and business clients,” states IBM.
The bank is a long-standing user of Bankway, a retail core banking system from FIS. It uses Misys’ Fusioncapital Kondor for trade and capital markets (TCM) operations and Misys’ Trade Innovation for trade finance. DSK was also the first taker of Misys’ gamification offering, Gameo.
DSK and IBM have been working together for many years. The latest “long-term IT services agreement”, says IBM, “takes the relationship between the two companies to next level”.
IBM will run the complete IT infrastructure, supporting DSK’s core banking environment, and provide fully managed services for mainframe, servers, storage, end-user computing, help desk as well as software support.
“As a result of working with IBM, we expect to generate up to 20% in annual recurring savings”, says Nikolay Shalamanov, head of directorate operative maintenance of IT systems at DSK.
He adds the project is already bearing fruit. The bank’s digital channels applications – DSK Direct for online banking (developed by local company Dais Software) and DSK Smart for mobile payments (developed by another local company, Openintegra) – are now running faster by 10-15%.