INDIA: Juniper Networks has been selected by Muthoot Group, the world's largest gold loan firm, as its strategic network partner. Muthoot Group has deployed Juniper Networks SRX Series Services Gateways and EX Series Ethernet Switches at its data centers and branch offices across India.
Muthoot Group, India's largest gold loan corporation 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.
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.
Juniper Networks set up a virtual Muthoot Group branch at its Bangalore R&D center to simulate use of an SRX100 Services Gateway within a typical branch environment.
The SRX100 supports a rich set of features, including redundant MPLS links over fixed and wireless networks, application- and policy-based routing control, and a complete suite of a Unified Threat Management services.