IBM to help ESAF Microfinance expand service offerings


Trivandrum: IBM has announced that the Thrissur based ESAF Microfinance and Investments, a leading microfinance institution, has selected IBM’s Managed Resiliency Services solution to support business continuity and ensure optimal utilization of IT resources. The solution will provide a wide range of managed business continuity and disaster recovery services to reduce risks and improve availability while controlling operational expenses.

ESAF is also leveraging the IBM hosted data centre facilities as their primary data centre for cost-effective, ready-to-run computing power and capacity. The company will enjoy the flexibility to expand capacity, adopt new technologies, and migrate critical applications without any business disruption. 

Established in 1992, ESAF Microfinance provides a broad package of financial and business development services to the socially and economically challenged people. The organization was planning to implement a Core Banking Solution for better operational efficiency as their current IT infrastructure could not support their business goals. Also, they wanted to set up contingency plans like disaster recovery to counter possible IT disruptions. 

“IBM solution has empowered us to deploy new microfinancing applications without any disruptions. Our current IT infrastructure is highly resilient, cost effective and ready to enable our future business objectives. It seamlessly protects our critical financial data and has the ability to support our growing customer base. Leveraging IBM’s technology assets and industry experience, we are able to transform the way we operate,” said K Paul Thomas, Managing Director, ESAF Microfinance and Investments.

“It is important to have a robust and agile technology environment for an organization to succeed in today’s complex and demanding marketplace. Enterprises need to be highly resilient, reliable and secure, with the ability to anticipate risks which can prove fatal for the business. By providing robust approach and solutions, IBM solutions have over the years helped financial institutions minimize risk, reduce cost and achieve high efficiency,” said Jyothi Satyanathan, VP – Midmarket & Inside Sales, IBM India / South Asia.

Kerala IT News


Comments are closed.