In this article we will discuss how the International Investment Bank managed to fundamentally transform its core banking system, what key reasons lied behind this ambitious project, what approach allowed delivering this project in time while meeting all of the established goals, and how a proper strategy allows for a successful system transformation.
FLEXTERA and IBM PureSystems: expert solutions to grow your business
Diasoft announced the successful validation of FLEXTERA solutions on the integrated IBM PureFlex system – part of the IBM PureSystems family.
IBM’s expert integrated systems allow a financial organization to significantly reduce resources for the deployment and maintenance of its multiple distributed systems. The key innovative features of the IBM PureSystems family include deep integration of applications, support of the cloud computing technology, and usage of patterns of expertise.
Currently, IBM PureSystems offerings include two platforms: IBM PureFlex System and IBM PureApplication System.
IBM® PureFlex System is a comprehensive infrastructure platform that provides an expert integrated computing system, combining servers which support IBM Power7 and Intel Xeon processors; IBM Storwize v7000 enterprise storage; networking, virtualization, and management resources into a single structure.
IBM® PureApplication is a flexible intelligent platform specially designed for simple deployment, setup, and management of applications.
The IBM PureSystems complex is an excellent choice for the deployment and setup of the solutions built on the new SOA-based FLEXTERA Platform provided by Diasoft.
The first testing of PureFlex in Russia and the CIS was performed in December 2011. Based on the results of FLEXTERA Platform testing, the companies created working packages allowing the administrator to use a single button on a server management console in order to install and configure the environment for the application server, database server and software products required for running business applications.
This, all together, allows creating an IT infrastructure with a secure computing and data storage model that can be used as a service (IaaS and/or SaaS). As a result, the customer acquires an intuitive system allowing for simple implementation and maintenance cost reduction.
Today Diasoft works on several projects for the implementation of IBM PureFlex for the Customers that wanted to acquire additional advantages through the symbiosis of the component-based PureFlex hardware platform and the modular FLEXTERA system.
Diasoft and IBM have a long history of successful collaboration. The companies have been partnering on various complex projects for automation of banks and financial organizations for over 10 years. The first Diasoft solution certified by IBM was the front office system which was evaluated under the IBM Ready-For-SOA program in 2006 and achieved the SOA Connect level. In 2008 IBM evaluated the new version of the Diasoft front office system; the solution reached the SOA Exploit level. The integrated retail front office solution developed by Diasoft was included into the global list of SOA-solutions — the IBM SOA Business Catalog. In 2010 FLEXTERA Front Office became the first financial solution in Eastern Europe which had been certified against the IBM Banking Industry Framework standards. This achievement was successfully followed by the validation of FLEXTERA General Ledger and FLEXTERA Middle Office. In the beginning of 2011 FLEXTERA Front Office was also successfully validated under the IBM Ready-for-DB2 program. In September 2011 Diasoft and IBM concluded the Global Alliance Agreement on joint development and promotion of banking solutions.
About IBM: For over 100 years IBM has been one of the leading global manufacturers and providers of computer hardware and software, as well as infrastructure, hosting and consulting services. According to Interband, IBM is the #2 among the best global brands and the leading brand among technological companies. For all its history IBM has been a global innovations leader investing more than $6 billion a year in R&D and registering more patents per year than any other company in the world with 6,000 patents registered in 2001. More information on IBM and its products is available at: http://www.ibm.com/.
About Diasoft: Since 1991 Diasoft has been providing cutting-edge financial software solutions supporting all aspects of retail, wholesale and universal banking, financial market services, and insurance business. The company’s main offering to the financial market is FLEXTERA — a SOA-based universal system comprising a comprehensive suite of modules for front-to-back automation of modern financial services.
The FLEXTERA’s functional scope covers the following areas of financial business:
- Traditional Back Office and Core Banking operations including daily banking transactions processing; product and service management; BI, accounting and reporting;
- Multichannel Front Office operations and client management;
- Middle Office risk management and decision making.
The modern technological principles lying at the core of all FLEXTERA solutions in combination with their broadest functionality provide our customers with limitless opportunities for their business development in accord with market trends and clients’ requirements.
For more information please visit www.diasoft.com .