13
Sat, Jul
4 New Articles

Malaysian Bank Selects IBM Power Systems Server for Infrastructure Transformation

Servers
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

EON Bank Group of Malaysia has implemented the Power 550 Express server to accelerate the bank's transaction processing and improve its back-end systems, allowing faster data access with applications running 24/7. The $5.3 million (RM20 million) investment was made to upgrade the group's core banking applications and disaster recovery site, which is expected to further improve the banking group's commitment, delivery, and efficiency to its customers.

Speaking at a press conference with IBM Malaysia and Silverlake Group to announce the implementation, Albert Lau Yiong, EON Bank Group chief executive officer, said, "We are proud to be the first financial institution in Malaysia to acquire this new system, which will improve business responsiveness and customer service efficiency."

EON Bank Group has been emphasizing higher customer satisfaction through the introduction and implementation of various initiatives in the past year as part of its "Project Quantum Leap," where strategic initiatives, including improving the bank's underlying organization structure and systems and processes, have been formulated.

"In order to serve our customers better and become the customers' bank of choice, it is critical that we continuously improve our performance and service level. We have tested the IBM Power 550 Express and found it to be stable, scalable, and flexible, which are the three necessary criteria to support EON Bank Group's projected business growth in the next five years," said Lau. "This system upgrade establishes new benchmarks for innovations and responsiveness that others in the local banking sector will be challenged to match."

The IBM Power 550 Express allows more applications to run on fewer servers hence reducing the infrastructure cost. The system reduces management, maintenance, and licensing costs, and can be easily scaled to suit EON Bank's expansion plans.

"This system makes it possible for EON Bank Group's applications to run faster and be more responsive, which can result in added business advantages and higher client satisfaction. The near-continuous application availability also enables EON Bank to improve the efficiency and ensure business continuity," said Ou Shian Waei, managing director of IBM Malaysia.

"IBM is committed to helping EON Bank Group grow and transform its business through our most advanced, proven solutions and rich industrial experience."

The system, which will go live on March 8, is being implemented by EON Bank Group jointly with Silverlake Group.

Ronnie Tan, president of Silverlake Group, added, "Silverlake Group is recognized as the market leader in providing and implementing core banking solutions in the banking and finance industry in Asia Pacific. As a strategic IT partner of the EON Bank Group, we will leverage on these successful experiences and expertise to continuously help EON Bank Group in enhancing their Silverlake integrated core banking solution to support the Bank's business strategy."

The IBM Power 550 Express, which was launched locally last November, delivers the outstanding performance of the POWER6 processor.

About EON Bank Berhad

EON Bank Berhad is a licensed banking and finance company operating under the regulations of Bank Negara Malaysia under the provisions of the Banking and Financial Institutions Act 1989. EON Bank is principally engaged in the provision of a comprehensive range of financial products and services. EON Bank's subsidiary EONCAP Islamic Bank Berhad has five full-fledged Islamic Banking branches, which offer Islamic shariah-compliant financial products and services, which include deposit products, consumer financing products, business financing as well as corporate and investment banking activities. The investment bank licensed under the Banking and Financial Institutions Act 1989, MIMB Investment Bank Berhad is a wholly owned subsidiary of EON Bank Berhad. MIMB Investment Bank provides full client services in key areas of investment banking including corporate finance advisory, structured finance, equity and debt capital markets, placements, underwriting and stock broking activities under its subsidiary. EON Capital Berhad is the holding company of EON Bank Berhad. EON Bank Group intends to be one of Malaysia's leading financial institutions, offering innovative products and services, and has positioned itself as an efficient, customer-focused and relationship driven financial institution. As of Feb. 19, EON Bank Group's branch network consists of 139 EON Bank branches and 1 MIMB Investment Bank branch with a total of nearly 6,000 employees. For more information, please visit www.eonbank.com.my.

About IBM

For more information, please go to www.ibm.com.

About Silverlake

Silverlake is a leading Software Solutions and Outsourcing Services Provider, and System Integrator committed to delivering high quality and state-of-the-art industry solutions serving the needs of Financial Services, Capital Market, Airlines, Utilities, Retail and Public Sector Customers. Silverlake has over 1,700 employees in Silverlake and related entities located across offices in Asia Pacific, Middle East and USA. Our customers include many of the region's most prominent financial institutions. Silverlake is well recognized as one of the largest and most successful IT solutions providers in Asia Pacific. Silverlake is an authorized reseller and certified implementer of the Silverlake Axis Integrated Banking Solution (SIBS) and has implemented the award winning solution since 1989. For more information, please visit www.silverlakegroup.com.

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity, and service.

For more information, visit: www.ibm.com.

BLOG COMMENTS POWERED BY DISQUS

LATEST COMMENTS

Support MC Press Online

$0.00 Raised:
$

Book Reviews

Resource Center

  • SB Profound WC 5536 Have you been wondering about Node.js? Our free Node.js Webinar Series takes you from total beginner to creating a fully-functional IBM i Node.js business application. You can find Part 1 here. In Part 2 of our free Node.js Webinar Series, Brian May teaches you the different tooling options available for writing code, debugging, and using Git for version control. Brian will briefly discuss the different tools available, and demonstrate his preferred setup for Node development on IBM i or any platform. Attend this webinar to learn:

  • SB Profound WP 5539More than ever, there is a demand for IT to deliver innovation. Your IBM i has been an essential part of your business operations for years. However, your organization may struggle to maintain the current system and implement new projects. The thousands of customers we've worked with and surveyed state that expectations regarding the digital footprint and vision of the company are not aligned with the current IT environment.

  • SB HelpSystems ROBOT Generic IBM announced the E1080 servers using the latest Power10 processor in September 2021. The most powerful processor from IBM to date, Power10 is designed to handle the demands of doing business in today’s high-tech atmosphere, including running cloud applications, supporting big data, and managing AI workloads. But what does Power10 mean for your data center? In this recorded webinar, IBMers Dan Sundt and Dylan Boday join IBM Power Champion Tom Huntington for a discussion on why Power10 technology is the right strategic investment if you run IBM i, AIX, or Linux. In this action-packed hour, Tom will share trends from the IBM i and AIX user communities while Dan and Dylan dive into the tech specs for key hardware, including:

  • Magic MarkTRY the one package that solves all your document design and printing challenges on all your platforms. Produce bar code labels, electronic forms, ad hoc reports, and RFID tags – without programming! MarkMagic is the only document design and print solution that combines report writing, WYSIWYG label and forms design, and conditional printing in one integrated product. Make sure your data survives when catastrophe hits. Request your trial now!  Request Now.

  • SB HelpSystems ROBOT GenericForms of ransomware has been around for over 30 years, and with more and more organizations suffering attacks each year, it continues to endure. What has made ransomware such a durable threat and what is the best way to combat it? In order to prevent ransomware, organizations must first understand how it works.

  • SB HelpSystems ROBOT GenericIT security is a top priority for businesses around the world, but most IBM i pros don’t know where to begin—and most cybersecurity experts don’t know IBM i. In this session, Robin Tatam explores the business impact of lax IBM i security, the top vulnerabilities putting IBM i at risk, and the steps you can take to protect your organization. If you’re looking to avoid unexpected downtime or corrupted data, you don’t want to miss this session.

  • SB HelpSystems ROBOT GenericCan you trust all of your users all of the time? A typical end user receives 16 malicious emails each month, but only 17 percent of these phishing campaigns are reported to IT. Once an attack is underway, most organizations won’t discover the breach until six months later. A staggering amount of damage can occur in that time. Despite these risks, 93 percent of organizations are leaving their IBM i systems vulnerable to cybercrime. In this on-demand webinar, IBM i security experts Robin Tatam and Sandi Moore will reveal:

  • FORTRA Disaster protection is vital to every business. Yet, it often consists of patched together procedures that are prone to error. From automatic backups to data encryption to media management, Robot automates the routine (yet often complex) tasks of iSeries backup and recovery, saving you time and money and making the process safer and more reliable. Automate your backups with the Robot Backup and Recovery Solution. Key features include:

  • FORTRAManaging messages on your IBM i can be more than a full-time job if you have to do it manually. Messages need a response and resources must be monitored—often over multiple systems and across platforms. How can you be sure you won’t miss important system events? Automate your message center with the Robot Message Management Solution. Key features include:

  • FORTRAThe thought of printing, distributing, and storing iSeries reports manually may reduce you to tears. Paper and labor costs associated with report generation can spiral out of control. Mountains of paper threaten to swamp your files. Robot automates report bursting, distribution, bundling, and archiving, and offers secure, selective online report viewing. Manage your reports with the Robot Report Management Solution. Key features include:

  • FORTRAFor over 30 years, Robot has been a leader in systems management for IBM i. With batch job creation and scheduling at its core, the Robot Job Scheduling Solution reduces the opportunity for human error and helps you maintain service levels, automating even the biggest, most complex runbooks. Manage your job schedule with the Robot Job Scheduling Solution. Key features include:

  • LANSA Business users want new applications now. Market and regulatory pressures require faster application updates and delivery into production. Your IBM i developers may be approaching retirement, and you see no sure way to fill their positions with experienced developers. In addition, you may be caught between maintaining your existing applications and the uncertainty of moving to something new.

  • LANSAWhen it comes to creating your business applications, there are hundreds of coding platforms and programming languages to choose from. These options range from very complex traditional programming languages to Low-Code platforms where sometimes no traditional coding experience is needed. Download our whitepaper, The Power of Writing Code in a Low-Code Solution, and:

  • LANSASupply Chain is becoming increasingly complex and unpredictable. From raw materials for manufacturing to food supply chains, the journey from source to production to delivery to consumers is marred with inefficiencies, manual processes, shortages, recalls, counterfeits, and scandals. In this webinar, we discuss how:

  • The MC Resource Centers bring you the widest selection of white papers, trial software, and on-demand webcasts for you to choose from. >> Review the list of White Papers, Trial Software or On-Demand Webcast at the MC Press Resource Center. >> Add the items to yru Cart and complet he checkout process and submit

  • Profound Logic Have you been wondering about Node.js? Our free Node.js Webinar Series takes you from total beginner to creating a fully-functional IBM i Node.js business application.

  • SB Profound WC 5536Join us for this hour-long webcast that will explore:

  • Fortra IT managers hoping to find new IBM i talent are discovering that the pool of experienced RPG programmers and operators or administrators with intimate knowledge of the operating system and the applications that run on it is small. This begs the question: How will you manage the platform that supports such a big part of your business? This guide offers strategies and software suggestions to help you plan IT staffing and resources and smooth the transition after your AS/400 talent retires. Read on to learn: