Dynacons wins IT security solutions order from Punjab National Bank

Dynacons Systems & Solutions has won an order worth Rs. 57.04 crore from Punjab National Bank for IT security solutions related to endpoints.

Punjab National Bank has implemented a Centralized Banking Appliance (CBS) with a Data Center at New Delhi and Disaster Recovery Site at Mumbai. The centralized banking appliance covers all the 7,000 plus service outlets which are connected to the Data Center and DRS through an enterprise wide Network which is a two tier meshed architecture.

Bank has also implemented a Security Operation Center (SOC) and integrated the servers/devices for log analysis and monitoring of servers/devices installed across the bank network. The bank has implemented the enterprise data warehouse project to provide better access to information, to foster better and more informed decision-making, besides providing statutory reporting and MIS for the bank.

The bank’s objective is to select a vendor for support services of security solutions at endpoints related to AD/DM/AV/ATP solutions for the amalgamated entity (i.e. entity after amalgamation of Punjab National Bank, Oriental Bank of Commerce, and United Bank of India.

The solution includes onsite deployment of highly skilled resources at Data Center/DR and their pan India branches. The contract period is for 5 Years and may be further extended on mutual understanding.

Commenting on the development, Parag Dalal, Executive Director, Dynacons Systems & Solutions Limited said, “The order is a testimony to the technology expertise and readiness of skillsets. This is a significant win and demonstrates the capability of the company to deliver and implement large scale IT projects for the BFSI sector. Our journey is to continue to provide innovative technologies that allow our customers to take control of their security outcomes. Our focus is on enabling organizations to be security first.”

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