2. Over the last decade technology has
transformed the landscape of Indian
banking. The next few years are critical as
banks focus on “sweating” their technology
investments to increase their return on
investment. The strategic use of technology
to implement a differentiated business
model, a transformed customer experience
and an optimized cost structure will
separate the leaders from the laggards in
the industry.
Indian banks need to aspire high and move
toward implementing world-class digital
capabilities. Digital Transformation involves
delivering new consumer propositions that
are engaging, comprehensible, intuitive,
personalized and contextual to customers
by leveraging underlying digital
technologies such as the internet, mobile,
social cloud and analytics.
To do this, banks need to start thinking
differently about their digital channels and
deliver capabilities that are not a mere
replica of basic banking transactions but
those that provide customers a strong
handle on their current and prospective
future financial health
With the advent of RBI issuing licenses to
payment banks an innovative model which
can holistically address the ecosystem
requirement of next generation banking is
the need of the hour.
CtrlS from its architecture and innovation
bench has come out an adoptive framework
and reference architecture for “Bank in a
Box”
Technology plays a vital role in safe and
dependable operations of the payments
bank. It is one of the critical elements of
bank’s business model and will not only
impact operational efficiencies but also
have a bearing on customer experience. As
customers leverage Internet and mobile
interfaces more often in their interaction
with the bank, the importance of a
seamlessly integrated technology
infrastructure will continue to grow.
Architecture Principle would provide a common
set rules and guidelines that will enable the
community in realizing their respective vision of
target Architecture
CtrlS “Bank in a Box” adheres to few leading
guiding principles such as:
STRATEGIC ALIGNMENT:
The architecture would be designed to
meet overall strategic business goal of
member banks with enhanced agility to
support the banking operations
SCALABILITY:
The IT systems should be designed in a
modular manner such that we can
easily ramp-up to handle higher
volumes in the future.
IT architecture would be designed
using best-practices to minimize
3. time and cost and costs in the long
term.
Deployment of an agile technology
platform for rapid launch and ease
of customization
SECURITY & CONFIDENTIALITY:
Adequate IT security solutions
would be built to safeguard
against risks of IT fraud, natural
disasters and willful IT security
infringement.
Adherence to local regulations
related to security standards for
financial services.
A robust disaster recovery plan
and back-up datacenters to ensure
no loss or damage to customer
data.
REDUCE COMPLEXITY, PROMOTE REUSABILITY,
FLEXIBILITY, EXTENSIBILITY :
The architecture design should
help reduce complexity and
promote reusability, flexibility and
extensibility
QUALITY OF SERVICE:
The technology architecture to be
designed to provide high service
level to support growth,
performance, availability and
reliability
CUSTOMER EXPERIENCE:
The architecture would be
designed to provide unified view
and rich experience across all
touch points
RESILIENCE TO CHANGE:
The architecture designed would
be scalable and modular, as well
as resilient to change
BUSINESS CONTINUITY:
The architecture would ensure
that community banks business
operations would continue
interrupted in the event of a
disaster within the recovery
objectives
ADVANTAGE CTRLS BIB:
No Single point of Failure
High Level of Traffic isolation fright from
Routing Layer to Storage Layer
Security is Enforced inside of Each Bank
Virtual Setup, Security Threat would not
affect other Bank setups
Low Latency is Key requirement for Bank
APPs Hence Spine Core layer is made
super high way back bone yet ensuring
Highest security within Each Bank setup
GSLB layer ensures Global Redundancy
for Bank APPs availability
24x7 Anti-Phishing services provide
Highest level of Bank Cyber resiliency to
Fraud & Phishing attacks.
VRF Architecture provides Agility for
Traffic insertions in future if any
unforeseen routing issues come-up.
Capacity, Performance & sizing issues
would not jeopardies the entire
architecture as Each bank setup can be
scaled without disturbing other bank
