CASE STUDY
The implementation included Nutanix Cloud Infrastructure , AHV Virtualization , Prism Management , Nutanix Unified Storage and cloud applications for Infrastructure-as-a-service and Disaster Recovery .
Coronation Merchant Bank ’ s three phase transformation
Cost reductions and benefits
Coronation Merchant Bank is exploring additional Nutanix services to further optimise its operations and service offerings . The strategic partnership with Nutanix has brought benefits to Coronation Merchant Bank . One of the most tangible outcomes has been a significant reduction in costs .
Upgrade of the technology infrastructure and architecture , leveraging Nutanix solutions , has been planned in three phases , aligning with the bank ’ s strategic objectives and operational requirements .
2019
2021
Scaling up and incorporating core banking databases into Nutanix infrastructure , addressing the need for enhanced scalability and agility .
2024
“ I have directly seen that we have achieved an impressive reduction of over 40 % in IT-related expenses . Adopting Nutanix has been a financially prudent decision , enabling us to channel resources effectively while enhancing service delivery ,” adds Momoh .
The transition to Nutanix has improved the scalability of the bank ’ s infrastructure , a stark contrast to the rigidity of its previous setup , allowing it to adapt quickly to changing market conditions and customer needs .
The bank ’ s improved disaster recovery capability is another key benefit , as the ability to failover applications within 30 minutes significantly enhances the bank ’ s resilience and business continuity .
Nutanix has also optimised the bank ’ s physical infrastructure , reducing the need for multiple boxes and racks in the data centre . “ The consolidation and optimisation of our physical infrastructure has not only reduced our data centre footprint but has also prepared us for future expansions and relocations with ease ,” explains Momoh .
The IT team has received a boost and is now empowered in its decision-making and strategic planning capabilities . An integrated management console allows for efficient monitoring and management of resources , enabling proactive and informed decisions . According to Momoh , the team is now strategically oriented , thanks to the insights and control afforded by Nutanix ’ s comprehensive management tools .
These benefits collectively represent a transformation in the bank ’ s operations , significantly enhancing its ability to serve its clients efficiently and effectively .
Future moves
Move non-core production systems to Completion of scaling core banking Nutanix , laying the groundwork for a infrastructure , enhancing production more expansive implementation . and disaster recovery capabilities .
The immediate focus is on enhancing the core banking system , integrating it seamlessly into the Nutanix infrastructure . This integration is crucial for maintaining the agility and efficiency that Nutanix has brought to the bank . Alongside this , plans are underway to upgrade the bank ’ s production environment , ensuring the infrastructure can meet evolving market demands .
A significant milestone on the horizon is the upgrade of the bank ’ s core banking application . This upgrade is expected to deepen the bank ’ s engagement with Nutanix , leveraging its expertise to augment its capabilities .
“ Nutanix is not just a part of our IT discussions . It is a part of our growth story . We are on the cusp of greater achievements with Nutanix as a vital part of our technological landscape , The journey ahead is filled with potential and promise ,” says Momoh .
“ At Nutanix , we are continually inspired by the forward-thinking approaches of our customers , and Coronation Merchant Bank stands out as an example . Coronation Merchant Bank ’ s dedication to leveraging cutting-edge technology for operational efficiency and improved customer service resonates with our mission at Nutanix . It is clients like them who drive the industry forward , and we are excited to see how this partnership continues to unfold ,” says Tunde Abagun , Sales Lead at Nutanix West , East , and Central Africa at Nutanix .
As Coronation Merchant Bank looks to the future , Nutanix is integral to its strategic vision . The path forward is clear : further integration and scaling of Nutanix within the bank ’ s core operations .
In summary , the next steps for Coronation Merchant Bank are marked by further integration , upgrades , and an unwavering commitment to leveraging Nutanix for strategic growth and innovation . p
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