Muthoot Group deploys Juniper Networks Gateways & Switches

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Kochi: Muthoot Group, a leading gold loan firm, has selected Juniper Networks, an industry leader in network innovation, as its strategic network partner. Muthoot Group has deployed Juniper Networks® SRX Series Services Gateways and EX Series Ethernet Switches at its data centres and branch offices across India.

Muthoot Group with 4,200+ branches has been facing stiff competition within its market segment. To address the dual challenge of maintaining profitable growth while remaining competitive, the company has developed a customized core banking application to streamline the delivery of standardized service offerings across thousands of branch offices via a robust and secure IP network.

In a release, George Alexander, MD, Muthoot Group said, “To maintain the number one position in the market and future-proof our rapidly growing branch network, we required a mission-critical, robust and scalable network. Juniper Networks branch and data centre network solutions were clearly the best to address our business and technical challenges. As security is extremely important; we need to be able to secure transactions across branches and deploy IP-based camera surveillance to prevent fraud. With Juniper’s solutions in place, we are now well positioned to deliver customer service excellence while continuing on our rapid growth path.”

Ravi Chauhan, MD – India & SAARC, Juniper Networks said, “The new Muthoot Group branch network is a showcase for Juniper Networks SRX Series and EX Series, which integrate essential capabilities that connect, secure and manage workforce locations from branch offices to the data centre. With high-performance routing, switching, wireless and security applications and capabilities consolidated into a single device, Muthoot Group will be able to deliver streamlined services to millions of its customers economically and securely.”

The new network enables Muthoot Group to guarantee its 20 million customers that their loan applications will be processed in a matter of minutes, delivering a level of service competitors find hard to match. Muthoot Group’s robust network infrastructure enables it to achieve high uptime, security and scalability needed to meet its business objectives.

At Muthoot Group’s main data centre and disaster recovery site, high-availability SRX3600 clusters have been deployed to provide high-performance firewall and virtual private network services capable of supporting up to 7,500 secure connections simultaneously.

Kerala IT News

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