Finance
The financial services industry faces ever more complex range of challenges over the next few years. Against the backdrop of a still fragile economy, increased monitoring and regulatory restriction, and massively complicated global operating models, companies in this industry can only remain competitive by having fast access to high quality information. At the same time, financial organisations will have to improve efficiency and, in effect, do more with less. Cost management is a priority and that can often mean achieving more with fewer skilled staff. IT systems overhauls are long overdue for many, and being driven by regulatory change and compliance rather than performance. With Informix, companies can have access to the information they need to get closer to customers – and react quickly and effectively to changes in the market. They will be able to respond to customer demands for new and innovative services that, crucially, demonstrate a real understanding of their needs. Informix can help financial companies access and manage the information needed to design and deliver the new products and services that will fuel future growth. In addition, Informix information management solutions provide real-time capabilities and high volume transaction processing that are the foundation of a cost-effective and efficient operation.
Modernising Legacy Informix
A significant number of banking and financial organizations across the world have ageing, inflexible legacy systems. While many financial enterprise IT systems already have Informix technology in place, these can be older installations too. They often lack in-house skills to support and maintain these often-undocumented systems Working with ISVs and other industry partners, Oninit helps finance companies to support, enhance, integrate, modernise or even replace legacy applications. There are many examples of how Informix applications are helping financial institutions and being retuned and modernised for the future:
- IBM and Centric iSolutions are helping Bank of China in London drastically reduce its paper consumption by 95% while improving the efficiency of conducting financial transactions, with a solution powered by Informix. (link to new window for IBM case study)
- Oninit has helped the equities arm of a leading financial services provider to create a multi-user application that helps it manage its growing client base securely and efficiently. Oninit has helped a large international bank with operations in the Middle East migrate mission-critical operations such as its accounts and ATM operations away from hardware that was so old it was about to go out of support
- To keep pace with growth, the IT department at a fast-growing major insurer was focused on designing and delivering information and business capabilities to its new offices. To do this the company needed powerful data integration capabilities and Online Transactional Processing applications. Turning to IBMDB2®family of products and IBMInformix®Dynamic Server, the insurer was well equipped to access the information it needed to design the new applications it needed to sustain growth—and satisfied the information needs of its business teams. (link to new window for IBM case study)
Do you have older Informix installations at work supporting your organisation? Oninit systems healthchecks can help assess and benchmark its performance giving you a starting point for modernisation. Click here to find out more about the different healthcheck options - or register for our FREE 15 minute healthcheck right now.
