Intelligent Fin.tech Issue 11 | Page 55

SECURITY SOLUTIONS

YES BANK AND RED HAT REDEFINE MOBILE BANKING EXPERIENCE FOR CUSTOMERS

Red Hat has announced that YES BANK has adopted Azure Red Hat OpenShift to transform its mobile banking applications . Azure Red Hat OpenShift will further expedite the digital journey of YES BANK with faster time to market , more flexibility and the ability to drive greater innovation .

The new platform will enable YES BANK to improve customer experience and provide innovative banking solutions by launching security-focused and efficient modern applications . These applications will have the agility and flexibility to scale on demand , helping the bank with its growth initiatives of serving customers across India .
YES BANK is a full-service commercial bank providing a complete range of products , services and technology-driven digital offerings . The bank believes that a holistic customer experience is the epicentre of Digital Transformation and has been at the forefront of adopting new-gen technologies to provide innovative experiences to its customers . Azure Red Hat OpenShift will empower the bank ’ s pursuits to remain ahead of the curve and help them to create next-gen mobile applications . These applications will help create a seamless customer experience across multiple banking solutions . The platform would also provide security features and agility to YES BANK to more safely innovate and pivot faster to meet the evolving demands of the market .
Launched in 2019 , Azure Red Hat OpenShift is the first co-developed , jointly-operated Red Hat OpenShift service on the public cloud , providing customers with the same enterprise-grade Kubernetes used in private data centres with the scale of Microsoft Azure . As a managed cloud service , Azure Red Hat OpenShift enables organisations to start innovating almost immediately , helping businesses streamline modernisation efforts and focus on providing value for their end users while worrying less about maintaining the complex underlying architecture . Solutions like Azure Red Hat OpenShift helps organisations such as YES BANK to automatically assemble and merge critical resources to make the execution of services more straightforward and efficient .
Mahesh Ramamoothy , CIO , YES BANK , said : “ In today ’ s digitally-driven world , agility is paramount . With Azure Red Hat OpenShift , we can promptly respond to customer demands while also having the assurance that our platform is constructed on cutting-edge cloud and cloud-native infrastructure . This provides us with a security-focused , robust and scalable foundation that we require to lead the charge of digitalnative banking in India .”
Marshal Correia , Vice President and General Manager , South Asia , Red Hat , added : “ Azure Red Hat OpenShift enables large financial institutions like YES BANK to stay abreast of ever-changing customer needs and continuously evolve their Digital Transformation journeys . Red Hat is committed to providing hybrid cloud solutions that enable banks to deliver capabilities faster while effectively managing risk . With Azure Red Hat OpenShift , YES BANK is able to focus on delivering cloud-native innovation all while meeting the stringent requirements of sensitive workloads .” � www . intelligentfin . tech
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