Equitas Small Finance Bank has entered into a partnership with IBM Consulting to develop and construct a digital banking platform. This collaboration aims to enhance Equitas’ digital product offerings and service capabilities, as the bank adapts its business for the digital-first generation. The joint effort will focus on providing a secure and streamlined banking experience to customers.
Boosting Digital Products and Services
Equitas SFB aims to leverage the collaboration with IBM to enhance its digital products and services. The partnership will facilitate the evolution of Equitas’ business model towards a cloud-native platform architecture. By adopting a highly product-centric approach and embracing agile frameworks for various channels, including mobile, Equitas intends to modernize its delivery model.
Simplifying the Banking Experience
Equitas’ Chief Information Officer, Narayanan Easwaran, expressed confidence in the strategic partnership with IBM, emphasizing its potential to simplify and transform the banking experience for customers. By leveraging IBM’s deep expertise in the banking industry, digital experience, and cloud capabilities, Equitas aims to develop a modern platform that will support its digital journey.
IBM Consulting India-South Asia Country Managing Partner, Kamal Singhani, expressed excitement about being Equitas’ consulting partner and technology collaborator for its next growth phase. The collaboration allows IBM to utilize its banking industry expertise, along with its digital and cloud capabilities, to design a contemporary platform that aligns with Equitas’ digital aspirations.