Success stories: 'Financial' category

FAST FACTS

Industry: Financial Services

Geography: Slovenia

Business Challenge: Banka Koper chose to build its new online banking solution, Banka IN, on Red Hat’s open source platform to avoid vendor lock-in, enable in-house innovation, and because the Red Hat solution offered easy integration, greater efficiency, and better performance.

Migration Path: Proprietary Platform to Red Hat Enterprise Linux and JBoss Enterprise Middleware

Software: Red Hat Enterprise Linux 5.2, JBoss Enterprise Application Platform 4.3, including JBoss Seam, Alfresco Content Management System, and IBM DB2.

Hardware: HP BladeSystem

Benefits: Reduced operational costs, and enabled easy integration, faster development time, and in-house innovation

“Red Hat’s open source platform is the right solution for Banka Koper. It is in line with our business strategy to become independent of any technology platform and allows us to develop our own solutions and stay at the forefront of technology innovation,”
-Mojca Plahuta, director of Information Technology Division, Banka Koper

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SUCCESS STORY HIGHLIGHTS

BBP develops financial messaging applications that are offered to financial institutions on an in-house or service bureau basis for SWIFT, SIC, and other financial networks. BBP guarantees continuous interbank connection availability and 24×7 access to its IGTplus middleware. Given the sensitivity of the application and the underlying data, BBP required an application infrastructure that could meet its stringent requirements for security and availability. BBP chose Red Hat and Ingres technologies due to comprehensive functionality provided by the individual products as well as the fact that the products were pre-integrated, fully certified, tested, and tuned for performance.

This solution was also chosen because both Ingres and Red Hat are well known for providing 24×7 support and maintenance to enterprises around the world. Cost was an important factor as well. Deployed since 2003, the application provides software and services to hundreds of banks throughout Europe as well as other countries including the United States.

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More about Ingres: [Ingres and Red Hat]

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FAST FACTS

Industry: Financial Services

Geography: Hong Kong

Business Challenge: Rapid business growth and the expansion of its service portfolio made it necessary to replace website with an efficient financial information portal, and to leverage virtualization technology to reduce hardware footprint and increase operational flexibility

Migration Path: Microsoft Windows and UNIX to Red Hat Enterprise Linux AP with integrated virtualization

Software: Red Hat Enterprise Linux 5 with integrated virtualization, Red Hat Satellite, JBoss Enterprise Application Platform, Hibernate

Hardware: Intel Xeon based servers

Services: Red Hat Consulting

Benefits: High-performance, flexible IT infrastructure delivered through the integrated virtualization technology in Red Hat Enterprise Linux and 50-70% Reduction in software and hardware costs

“Previously, in the financial services industry, companies were forced to rely on proprietary vendors. We are using Red Hat because of our confidence in the company to meet our very high levels of availability, performance and security that are essential in our business. The use of Red Hat and JBoss has enabled us to save approximately 50-70% overall on the entire project costs and even more in annual costs.”
-Philip Choi, Head of Technology for Quam Limited

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FAST FACTS

Geography: Republic of Korea

Business Challenge: Searched for a reliable, high-performing alternative to reduce server failure, optimize resources, and enable faster response times

Migration Path: From UNIX to Red Hat Enterprise Linux Advanced Platform with integrated virtualization

Software: Red Hat Enterprise Linux Advanced Platform with integrated virtualization technology, Oracle database

Hardware: Dell PE2950/ PE1850, EMC CX3-10

Benefits: Achieved significant cost savings by deploying a reliable, open source virtualization solution with Red Hat, reduced maintenance costs with hardware integration and clustering, acquired operation flexibility, and experienced ease of use and ease of management

“By deploying Red Hat’s open source-based virtualization solution, we were able to receive the proven stability of the platform and Red Hat’s reliable support and services.”
Hwang Sae Yong, assistant manager of Computer Operation Team for Korea Federation of Banks

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FAST FACTS

Company: Wall Street Systems

Industry: Financial Services – Software

Geography: Global

Business Challenge: Create new revenue streams by responding to customer demands for treasury and financial management software available as a service 24/7. Cut costs and improve reliability and scalability of internal systems. Ensure market competitiveness by reducing the infrastructure investment required by customers.

Software: Red Hat Enterprise Linux 5 Advanced Platform with integrated virtualization, WebSphere, WebLogic, Apache Tomcat, Oracle DB

Hardware: Intel® Xeon® based x86 servers

Migration-Path: Solaris on SPARC Servers to Red Hat Enterprise Linux 5 Advanced Platform with integrated virtualization on Intel Xeon based servers

Benefits: Created new revenue opportunities and maintained its industry leadership position; Cut costs and boosted operational efficiencies and system reliability

“Our clients see that Red Hat Enterprise Linux is reliable. They are completely comfortable knowing that they can run their largest, most critical systems on Red Hat Enterprise Linux, and that they’ll get enterprise-class support.”
– Mark Tirschwell, chief technology officer, Wall Street Systems

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Armonk, NY, and Raleigh, NC. 22 April 2009: IBM (NYSE: IBM) and Red Hat (NYSE: RHT), a leading provider of open source solutions, today announced that Handelsbanken, one of the four largest banks in the Nordic Area, has achieved strong business continuity, security and cost-efficiency results by deploying virtualization technology using Red Hat Enterprise Linux on System z servers and IBM System z operating system, z/OS. The bank’s newly deployed technology solution will help maintain a highly resilient and secure network that scales based on business demands.

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Online bank selects JBoss Enterprise Application Platform for web applications

MILAN, ITALY, 10 February 2009 – Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that IWBank, an organization focused on financial services and online banking, has selected JBoss Enterprise Application Platform and the JBoss Operations Network to improve the efficiency of its web-banking applications.

IWBank is committed to providing integrated online financial services that guarantee high efficiency, safety and transparency levels, in addition to offering competitive terms and excellent service to its customers. In late 2008, IWBank decided to extend its collaboration with Red Hat, which provides the bank with open source solutions, by adopting the JBoss Enterprise Application Platform to develop its web applications.

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FAST FACTS

Industry: Finance/banking

Geography: New Zealand

Business Challenge: Address environmental and space issues in the datacentre and achieve the corporate goal of becoming carbon neutral by 2010

Migration Path: From distributed Intel and SUN SPARC servers to Red Hat Enterprise Linux 5 running under z/VM on IBM z9 and z10 mainframes

Software: Red Hat Enterprise Linux 5, Red Hat Network (RHN) Satellite, Oracle database, WebSphere Application Server, ESB, Process Server, TX and MQ

Hardware: 1x IBM z9 and 1x IBM z10 mainframe (with 3 x IFL engines in each)

Benefits:

• Recovered 30 percent of datacenter floor space
• Reduced power consumption by 38 percent
• 20 percent return on investment (ROI) over the life of the platform
• Simplified, more efficient deployment

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Read More About BNZ in the press:
CIO Magazine
Computer Business Review
OS Today
Linux Today
Financial Extra
Banking Technology

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Bank PHB improves flexibility, reliability and performance with Red Hat solutions

Dubai, GITEX – October 23, 2008 – Red Hat (NYSE: RHT), the world’s leading provider of open source solutions, today announced that Bank PHB, one of Nigeria’s top ten banks, has migrated its core mission-critical banking applications to Red Hat Enterprise Linux and the JBoss Enterprise SOA Platform. Bank PHB migrated to Red Hat’s open source solutions to achieve the next step in scalability, performance and the ability to handle heavy workloads and achieve cost reduction more effectively than with other proprietary software platforms.

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Fast Facts

Industry: Financial Services

Geography: Germany

Business Challenge: To find a reliable, scalable, and easy-to-maintain backup and recovery solution for all database applications in two parallel data centres

Migration Path: Symantec BackupExec and Legato Unix Networker to SEP sesam running on Red Hat Enterprise Linux 5

Software: Red Hat Enterprise Linux 5, SEP sesam 3.2, Oracle 9 and 10 databases, Microsoft SQL Server 2000 and 2005 databases

Hardware: Hewlett Packard x86 Server

Benefits:
Gained a flexible, reliable solution that delivers significant cost savings, performance boosts, and
compliance with internal and external security needs

“SEP sesam on Red Hat Enterprise Linux 5 enables us to reliably save and back up even our most sensitive data. We specifically benefit from the automated backup, enabling us to monitor its current status at a glance. Moreover, the solution suits our system environment very well and integrates seamlessly with our heterogeneous systems. Another asset of the new backup and recovery system is its cost effectiveness.”

Karl Bach, Systems Administrator, Vereinsbank Victoria Bauspar AG

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Company: Daiwa Securities America Inc.

Industry: Financial Services

Geography: New York

Opportunity: Build an utterly reliable, high-performance portal using open source to speed application development while reducing costs

Migration Path: Proprietary application server and portal solutions to JBoss Enterprise Application and Portal Platforms.

Software: JBoss Enterprise Portal Platform, JBoss Enterprise Application Platform and JBoss Rules Framework. Databases: Sybase SQL (transactional), Sybase IQ (data warehousing for production environment), Microsoft SQL (training data), Alfresco Software for enterprise content management (ECM).

Operating System: Windows 2000

Hardware: Intel dual-core Intel Xeon HP servers

Benefits: Established a reliable platform with no unplanned downtime, sped time-to-market by cutting application development time in half, dramatically improved application performance, and saved $300,000 in licensing and hardware costs

Daiwa Trusts JBoss: “If our portal were to go down today, it would be catastrophic. JBoss Enterprise Application and Portal platforms have been extremely reliable and stable. JBoss is a worry-free solution that helps us sleep better at night.” —Steve Dunstan, Enterprise Systems Architect and Vice President, Information Technology, Daiwa Securities America Inc.

Press Release

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World’s leading exchange group experiences flexibility, reliability and performance with Red Hat Enterprise Linux.

Raleigh, NC – May 14, 2008 – Red Hat (NYSE: RHT), the world’s leading provider of open source solutions, has announced that NYSE Euronext utilizes Red Hat Enterprise Linux and Red Hat Network to maintain the reliability, high performance and security of its mission-critical financial trading platform. With Red Hat solutions, NYSE Euronext has realized greater flexibility, freedom from vendor lock-in, cost savings and the ability to handle heavy workloads while producing rapid performance results. » Read more

Government institution selects Red Hat Enterprise Linux for reliability and performance

Raleigh NC – December 17, 2007 – Red Hat (NYSE: RHT), the world’s leading provider of open source solutions, today announced that the Italian Ministry of Economics and Finance has selected Red Hat solutions to power the organization’s mission-critical applications. The Ministry selected Red Hat Enterprise Linux for reliability and heightened performance, and is utilizing the solution as the main platform for many of its critical applications, including its Service Personale Tesoro (SPT) application, which runs on one of the most popular Italian government websites. » Read more

EsSalud utilizes virtualization capabilities in Red Hat Enterprise Linux 5

Raleigh NC – November 28, 2007 – Red Hat (NYSE: RHT), the world’s leading provider of open source solutions, today announced that EsSalud, a state-owned insurance and service provider in Peru offering medical and economic benefits that cover eight million regularly insured parties and successors, has experienced success with Red Hat Enterprise Linux 5. With the solution’s virtualization capabilities, the company has stabilized its organization-wide systems through a swift, transparent and cost-effective implementation project. » Read more

Company benefits from central, secure management through Red Hat Network and plans to expand open source deployment with JBoss.
RALEIGH, NC – January 29, 2007 – Red Hat (NYSE: RHT), the world’s leading provider of open source solutions, today announced that Union Bank of California, one of the 25 largest banks in the United States, will standardize its IT infrastructure on Red Hat Enterprise Linux. The Company migrated to Red Hat Enterprise Linux from AIX to realize significant performance gains as well as centralized, secure management through Red Hat Network. Union Bank is also piloting JBoss as well as MySQL and plans to make Red Hat’s complete solution stack part of its core technology direction. » Read more

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Industry: Financial Trading

Geography: Global

Challenge: To integrate varied trading platforms to produce a high-speed, low-cost platform that offers the reliability and flexibility necessary to produce the rapid performance results demanded by the expanding financial trading industry

Migration Path: HP UX, IBM AIX, and SUN Solaris to Red Hat Enterprise Linux

Software: Red Hat Enterprise Linux, Red Hat Network

Hardware: 200 HP ProLiant DL585 four-processor servers, 400 ProLiant BL 685c blades, AMD dual-core Opteron processors

Benefits: Implemented a reliable, secure, and cost-effective solution that provided flexibility, freedom from vendor lock-in, and the ability to handle heavy workloads while producing fast-paced performance results

“Red Hat is extremely strategic and without it, most of our computers wouldn’t be running,” said Steve Rubinow, Chief Information Officer at NYSE Euronext.

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Category: Service-Oriented Architecture (SOA) Implementation
Winner:Vivat (client = US Trust)
Submitted by: Max Yankelevich, Chief Architect
Industry: Vivat = Technology Partner / US Trust = Government, Financial
Geography: Bensalem, PA

Overview
Vivat (www.vivatconsulting.com), a professional services organization focused on Service-Oriented Architecture (SOA) and Enterprise Application Integration, was selected based on its work with US Trust, one of the oldest private banking firms in the U.S. Vivat successfully moved US Trust’s main revenue stream, the Client Fee Calculator, from an antiquated legacy system to a new SOA system built on JBoss technologies, including JBoss Rules and JBoss Application Server. The solution is expected to bring in an additional $20 million over the next five years as well as maximize customer profits, thanks to newly transparent and manageable fee rules.
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Category: User Experience
Winner: Daiwa Securities America
Submitted by: Steve Dunstan, Vice President / Enterprise Systems Architect
Industry: Financial services
Geography: New York, NY

Overview
Migration of 120 separate applications running to JBoss Portal using a series of unified templates. This enabled rapid growth, increased productivity, faster service, and hundreds of thousand of dollars in cost-savings.
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Category: Joint JBoss/Red Hat Deployment
Winner: CompuCredit Corporation
Submitted by: Guido F. Sacchi, CIO and SVP, Corporate Strategies, Cindy Hayden, Manager of Real-Time Integration
Industry: Financial services
Geography: Atlanta, GA

Overview
Used JBoss Enterprise Application Platform to construct an XML Gateway that serves as the company’s main real-time transaction hub—enabling rapid growth, increased productivity, faster service, and millions of dollars in cost-savings.
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Industry: Finance
Geography: Lugano, Switzerland
Opportunity: Cornèr Bank needed a cost efficient and innovative solution to address the mobile needs of credit cards customers.
Software: JBoss Application Server, JMS

“The mobile services offered by Cornèr Bank are state-of-the-art. No other credit card institute in Switzerland can claim such advanced services for its cardholders. Thank to the JBoss AS application server, the SW development and integration of those new services has proven to be highly efficient.”
-Massimo Calanchini, Cornèr Banca SA, IT Project Manager
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Category: Persistence
Winner: ADP
Submitted by: Patrick Urban & Nicholas Whitehead
Industry: Financial Services
Geography: Roseland, New Jersey

Overview

Selected for building an AJAX Adaptor for Hibernate that supplies AJAX clients with a rich and high performance data access API and for their use of Hibernate and other JEMS products to improve uptime and reduce cost of their EasyPayNet 5 and TeleNet 1.X Web-based payroll systems.
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Industry: Finance
Region: Germany
Opportunity: Migration and automation of core business application
Solution: JBoss Application Server
Benefits:

• Flexible and high-performance platform
• Fast, standardised development
• Lower total cost of ownership

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Industry: Electricity and natural gas trading

Geography: New Jersey and Pennsylvania

Opportunity: Build an internal infrastructure to provide maximum development flexibility and high-system reliability and performance for fast-paced trading business

Solution: Hardware: IBM Power PCs with Intel Dual P5 Processors, IBM xSeries with Intel Dual Xeon Processors
Software: Red Hat Enterprise Linux versions 3, 4 and 5, JBoss Enterprise Application Platform , MySQL databases, SESCO database application

Benefits:

• Facilitated the creation of a high-performance infrastructure that supports rapid database growth; flexible application development and high levels of Red Hat support translate into huge cost-savings and a competitive advantage

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Industry: Financial Services

Challenge: SNS Bank’s IT systems handle 500,000 daily transactions produced by various applications on 3,300 workstations. The bank’s front-end system was reaching its technical and economical limit and was reducing the opportunity for innovation and scalability within the organization. The SNS IT team, responsible for cost savings, looked for a solution that was flexible, stable, and scalable.

Solution: Software: JBoss Application Server
Hardware: 8 IBM X-series servers

Benefits:

• SNS Bank was able to rapidly deploy its new system onto 3,300 workstations in nine months.
• The bank experienced reduced licensing costs and overall cost savings after migrating to JBoss solutions.SNS Bank also experienced a reduction in hardware demands following the implementation of its new system.
• Increased stability and reliability of the organization’s production platform was enjoyed following its migration.

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Industry: Banking
Challenges: Customize CRM to a high degree. Handle a rapidly scaling call workload without any disruption in services. Allow call center agents to have an “always connected” view of the database
Solution: Platform: Red Hat Enterprise Linux
Software: Oracle 11i E-business Suite, Oracle 9i Database & Red Hat Cluster Suite
Benefits: Servers handle close to 7,000 calls a day with 99.99% uptime.
System can accomodate massive growth in call volumes over the next two years.
Complete freedom from viruses and security related risks.
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