Xchanging, a large, fast growing global business processor, has extended its relationship with UCO Bank, a bank in India, to implement mission critical disaster recovery solution for its most business critical financial telecommunication infrastructure.

Officials with Xchanging said that the company will enable UCO Bank to seamlessly integrate near real-time databases, payments, and transactions over its SWIFT payment gateway with the bank's existing disaster recovery infrastructure.

According to company officials, Xchanging EastNets' implementation compliance and payment solution conforms to international banking benchmarks.

Company officials said that the solution will provide a secure environment for efficient duplication detection, and recoverability of high volume messaging traffic.

The scope of the implementation also includes back-up of foreign exchange payments and telecommunications platform.

A commercial bank and Government of India undertaking, UCO Bank has an extensive network of over 2,000 service outlets and 35 regional offices across India.

With additional offices in Hong Kong, Singapore, Malaysia and China, UCO Bank conducts extensive foreign exchange business in more than 60 centres across India. Xchanging's comprehensive disaster recovery solution will address the data recovery needs of the bank's operations.

"We are delighted to be the provider of choice for UCO bank and to be the first to introduce the EastNets solution to the Indian banking market. IT is playing an increasingly important role in business processing across industry sectors”, said David Andrews, CEO Xchanging, in a statement.

Andrews said that as a technology powered business processor, the company’s vision is to now bring the power of collaborative technologies such as cloud computing to the customers' business processing needs.

“With our extensive Intellectual Property, we have already set the foundations to be ahead of the market in providing our customers the benefits of new generation technologies”, he said.

Nimish Soni, Managing Director, Xchanging India said, “In the event of any hardware failure, human error, file system corruption or disaster, our solution will help the bank to restart operations without any delay in switching to the back-up system.”

"We are seeing a growing number of banks adopt an increasingly focused approach towards disaster recovery management planning. This is spurred by an increased regulatory thrust by the Reserve Bank of India,” Soni said.