IFTAS operates India’s critical financial infrastructure, providing the communications backbone for every financial institution in India.
Indian Financial Technology & Allied Services (IFTAS) evolved out of India’s IDRBT (Institute for the Development & Research in Banking Technologies) and has been operating as a distinct registered organization since February 2015.
Their customers include various small and mid-sized co-operative banks (UCB’s, RRB’s, etc.) spread across the country. Among their many services IFTAS operates IBCC, the most trusted cloud platform for banks and financial institutions in India.
Charged with providing cutting edge banking solutions in the cloud, IFTAS needed to juggle between making optimal use of cloud infrastructure; meeting the needs of multiple clients (opting for the various solutions offered). Offering the fastest go-to-market time for their clients was equally challenging.
IFTAS knew that implementing solutions in the cloud, in a multi‑tenant model cloud was the only way to create a win-win, optimal situation for its customers.
“For our cloud‑based digital banking solutions, which are mainly OLTP (online transaction processing), we needed a safe, secure, scalable and robust enterprise RDBMS,” explains Srinivasan.
Before being approached by TmaxSoft, IFTAS was struggling to find an appropriate industrial-grade enterprise database solution. Being a multi-tenant project, a product that offers flexible licensing models to suit customers’ requirements was critical.
Tibero provides several essential features that make it a superior solution model. Tibero has high-availability, active-passive standby, data replication, partitioning, and seamless data migration, performance management tools and a flexible approach to licensing.
Tibero beat other competitors as the backend database for various digital banking solutions like mobile banking, wallet, FIBC and e-KYC among others.
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