Dynacons bags Rs 57cr managed services contract from PNB

Dynacons Systems & Solutions said that it has bagged a managed services order worth INR 57.04 crores from Punjab National Bank (PNB) pertaining to the delivery of IT security solutions related to endpoints.

The Mumbai-based IT company is said to have won the bid amid stiff competition from other vendors.

Punjab National Bank has employed a Centralized Banking Appliance (CBS) with Data Centre in New Delhi as well as a Disaster Recovery Site (DRS) in Mumbai. The centralized banking appliance covers more than 7,000 service outlets (SOLs), which are connected to the Data Centre and DRS via an enterprise-wide network which is a two-tier meshed architecture.

The bank has implemented Security Operation Centre (SOC) as well and integrated the servers/devices for the purposed of log analysis and monitoring of servers/devices installed throughout its network.

Besides, Punjab National Bank has executed an enterprise data warehouse project to offer better access to information, to drive better and more informed decision-making. The project has also enabled the provision of a statutory reporting and management information system (MIS) for the bank.

Dynacons bags Rs 57cr managed services contract from Punjab National Bank. Photo courtesy of Sahilsheth15/Wikimedia Commons.

According to Dynacons Systems & Solutions, the objective of Punjab National Bank is to pick a vendor for providing support services of security solutions at endpoints associated with AD/DM/AV/ATP solutions for the amalgamated entity resulting from the merger of Punjab National Bank, United Bank of India, and Oriental Bank of Commerce.

Dynacons Systems & Solutions said that the it will responsible for the onsite deployment of highly skilled resources at Data Centre / DR and the PAN India branches of the bank. This will be under a five-year contract period, which could be extended further on mutual understanding.

Parag Dalal — Executive Director of Dynacons Systems & Solutions 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.”