large scale image
LCP Image

Back to TSCFM News

YES Bank aligns technology initiatives to drive business growth

October 11, 2022

YES Bank aligns technology initiatives to drive business growth
Given the complexity of operations, the banking industry has been at the forefront of using digital technologies to improve their business processes. Yes Bank has been one such bank that has made a big shift towards digital adoption. Mahesh Ramamoorthy, CIO, Yes Bank, joined the Mumbai-headquartered firm in June last year and in a short span worked on several projects as the bank accelerated its digital transformation journey.

While each project was important, the one that Ramamoorthy considered most critical was the bank’s data center migration. He even compared this activity to open heart surgery. This is because an organization like Yes Bank runs large-scale operations, including payment operations, customer services and branches, and wants to ensure minimal disruption while migrating its data centers to a brand new setup.

“This is very important because many activities – both small and large – need to be planned in a safe way to transport data and at the same time ensure that no service interruptions occur. We are now moving towards the final phase of this project,” says Ramamoorthy.

Yes Bank is moving to a Tier-4 colocation based data center setup where all environments are isolated to the bank and protected by their own security layers.

“The move towards building a next-generation data center also sets the bank up for future growth. Yes Bank is ready for scale, security and ensuring it has the capacity to serve the expected growth for the next few years,” adds Ramamoorthy.

Talking about public cloud adoption by banking organizations, Ramamoorthy said adoption of cloud native technologies is on Yes Bank’s roadmap.

Important Links:

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp