Striving for bank business HP aligned Oracle and TEMENOS fight IBM
Author: Time: July 27, 2004 8:48:07 Source:
International financial newspaper
International Financial News reporter Shen Juan sent from Shanghai to use matching IT technology, the current bank can completely calculate 1.3 billion accounts within 14 minutes, and process 5.5 billion online transactions per day. This is the data obtained at the Global Management and New Technology Conference on July 21. This is also the efficiency that Hewlett-Packard and Oracle, TEMENOS have allocated, and can achieve efficiency that can be achieved in the banking industry. And HP's old opponent IBM is also referred to a new banking digital media solution industry under the bank network transformation solution structure. The reporter also learned that the Citibank Group has implemented bank video communication systems in the US. On July 21, Hewlett-Packard, Oracle and Temenos announced the establishment of alliances to provide a complete core bank solution to China's banking agencies. The above data above is the three companies in the alliance recently used HP and Oracle technology. It is understood that this test uses the HPINTEGRITYSUPERDOME server, running Oracle (R) Database10G and HP-UX11IV2 on the server, and the test shows the ability to promote bank operations, this capability is designed to make the bank's end counter operation. And the amount of processing of online transactions is quite equivalent to the retail bank environment. What are the core bank solutions in the Union? The reporter learned that in addition to HP IntegritySuperDome servers and Oracle technology and Oracle financial services applications, TEMENOST24 modular banking systems are also important. For Chinese users who are familiar with HP and Oracle, TEMENOS is still a more unfamiliar name. The reporter learned that TEMENOSGROUPAG is an integrated, modular core banking system provider, and its products are applied to more than 300 financial institutions worldwide. The alliance of HP and Oracle while marking TEMENOS officially started business in China. In the plan, the program is presented to the banking industry, and the reporter saw that from the background data to the front desk office, the solution hopes to ensure the efficiency of the core bank and the operational flexibility of the business, quickly identify customer needs and The market conditions change, thereby adjusting its value recommendations and value delivery systems, while also optimizing business processes, information systems, and oversight functions. The Alliance's solution is based on open and compliant with industry standards, which provides a calculation solution for "always run" overall expandable environments. The solution provides a single, high-availability database based on standard architecture, does not require offline balancing, allowing the banking mechanism to consolidate the processing needs of globalization through a shared service center model, while Greatly reduce overall operating costs. MarkCullinane, the TEMENOS Asia Pacific Manager, said: "For banks that serve a more than 1.3 billion people, such processing power is very important." Competitive Chinese market has not allowed any business neglect. Data from IDC show that China's financial services industry demand is estimated to reach $ 5.8 billion in 2005 and will reach $ 89 billion in 2008. Industry analysts believe that China's financial services industry has exceeded most of the market in the Asia Pacific region, which became the second largest market and the fastest market for IT products and related services in the region. The industry consultant has analyzed that in this market, since IBM enters the domestic bank market, the bank core business application is very dependent on IBM's large host, so IBM has great advantages in the domestic banking industry's server market, accounting for most market share. For HP, it is a very important thing to do hempit. For a while, the industry can clearly see that IBM's strategy in the banking industry is based on "bank outlet transformation solution", helping banks to respond to customer needs and discover new. Market opportunities. IBM has recently launched a new generation of banking digital media solutions designed for retail banking agencies to transfer videos, audio, and images to bank employees and customers.
