November 25th, 2009
Cosmos Bank chooses Sanovi as its partner for Disaster Recovery Management
The bank deployed their DR solution using Sanoviâ€˜s out-of-box DR template for Oracle database
Sanovi Technologies, one of the leading players in the Disaster Recovery Management and business continuity space, has announced that it has partnered with Cosmos Co-operative Bank to further its commitment to provide quality service to its customers.
Cosmos Cooperative Bank, a leading Urban Co-operative Bank, started in 1906 and has grown to become the leading banking institution in the cooperative sector with presence across 21 major cities in 5 states.
Sanovi offers solutions to proactively manage disaster recovery (DR) environments to ensure that business applications can be recovered in compliance with service level agreements. As the leading independent provider of DR management software solutions, Sanovi is focused on ensuring recovery readiness.
Cosmos bank deployed their DR solution using Sanoviâ€˜s out-of-box DR template for Oracle database. The out-of-box DR solution template deploys industry best practices, recovery workflows, monitors and alerts on over forty conditions and provides out-of-box automation to do DR drills. Without additional investment in resources, the bank is able to achieve their DR Readiness SLAs with the confidence that their core banking application can withstand any DR issues successfully.
Ã¢â‚¬Å“Cosmos Bankâ€˜s management considers its investment in technology as an opportunity to differentiate and provide superior customer experience. The bank implemented Finacle as its core banking software and hence the central database and applications became a critical part of the bankâ€˜s business continuity and Disaster Recovery plan. To meet business set Recovery Point and Recovery Time Objectives, the bank chose to have a remote site that shadows the primary production siteÃ¢â‚¬, says Mr. Prashant Thakur, GM-IT, Cosmos Cooperative Bank .
The bankâ€˜s IT articulated their DR requirements as a comprehensive approach to the various phases of the DR Lifecycle including monitoring, automation of recovery, DR Drills and compliance reporting. The bank did not want to invest in DR specific expertise. Ã¢â‚¬Å“Cosmos Bankâ€˜s IT team understood Sanoviâ€˜s value and evaluated the software early on as part of their DR design. Sanovi DRM software was a great fit that gave the bank the required visibility and the automation that reduced their dependence on expertise being always availableÃ¢â‚¬, says Mr. P P Subramanian, President & CEO, Sanovi Technologies.
About Cosmos Co-operative Bank:
Established in 1906, The Cosmos Co-operative Bank Ltd (Cosmos Bank) is one of the oldest urban co-operative banks in the country, reputed for its quality services. Today, the Cosmos Bank is one of the leading Multi-state Scheduled Co-operative banks.
Cosmos Bank operates through 94 branches and 9 Extension Counters in India spread across 21 major cities in the States of Maharashtra, Madhya Pradesh, Andhra Pradesh, Karnataka and Gujarat. For more information, please visit: www.cosmosbank.com
Sanovi was founded in 2003 to help organizations proactively manage disaster recovery (DR) environments and ensure business managers that business applications can be recovered in compliance with service level agreements. As the leading independent provider of DR management software solutions, Sanovi is focused on ensuring recovery readiness across all levels of IT infrastructure.
Sanovi DR Management Suite is the leading management solution for aligning DR infrastructure with Recovery Time and Recovery Point objectives. Sanovi DRMÃ¢â€ž¢ combines monitoring, reporting, testing and workflow automation capabilities of complex IT infrastructure into a scalable, easy-to-use solution built on industry standards. The result is a unified disaster recovery management product family that delivers DR readiness validation and offers clear business and operational advantages.