Progressive Mercantile Co-operative Bank Goes Live on VSoft’s IRIS Core Banking System
Hyderabad, May 20 2015: VSoft Technologies, a global provider of next-generation banking business services, announced that the Progressive Mercantile Co-operative Bank (PMCB), an urban co-operative bank based in Ahmedabad, has gone live with its IRIS Core Banking System. PMCB has chosen the hosted ASP delivery model for its five branches and one head office. The solution will be hosted at VSoft’s next-generation data centre in Hyderabad and the bank personnel will access the solution over a secured network. Hosted in a converged infrastructure, the data centre has 24/7 network monitoring systems and teams to automatically alert down times of less than 10 seconds. A state-of-the-art disaster recovery centre is located in Mumbai where all services have been replicated over virtualized infrastructure with a dedicated 40MB connection between the DC and DR centres, ensuring seamless business continuity for PMCB.