Banking services provider BancVue has been able to provide business agility to its community bank consumers, enabling them to better compete against the megabanks on such critical areas as customer service and end-user portals.
"We knew that we could go to VMware and get the cloud solution, as well as the virtualization solution, because virtualization was just the first step to us to become fully virtualized in a private cloud environment, with software, security like vShield and vCenter Operations Manager."
After a year leveraging VMware infrastructure, NYSE's cloud-based Capital Markets Community Platform of vertical industry services is successfully meeting the needs of Wall Street IT leaders.
"We knew that we were going out well ahead of everybody else and we were very keen to do so, because we see and understand the cloud vision that VMware and EMC in particular have been promoting over the past few years. We agree with it fully. We feel like we're uniquely positioned within the capital markets industry as the neutral party."
Virtualization has allowed BancVue to reduce its physical servers, leading to cost reductions and efficiency gains across its business. Overall, BancVue has been able to reduce its hardware footprint by ten times.
“Our environment is very heterogeneous, and other virtualization solutions we looked into, native and open source, had synch problems and time-drift between systems. Many virtualization products worked great for some operating systems but did not have the same depth and support for other operating systems.”
Central Clearing House and Depository (Budapest) Ltd. (KELER ZRT.)
The clearing house started a project in 2009 with the title KIÚT (KELER Infrastructure Redesign) with the goals of consolidating the IT environment, increasing its availability and flexibility, achieving supplier-independence and reducing the total cost of ownership (TCO). According to its business mission and vision, KELER is intending to provide continuous competitive and client-focused services, active utilisation of business opportunities, flexible management of changes and effective operations. The higher reliability, flexibility achieved through the VMware-based virtualisation of the server environment, the higher efficiency of testing and easier monitoring, accountable working operations are all indispensable for achieving these goals and putting the company philosophy into practice. For example, this server environment allowed KELER to provide services available through the web (e.g. online ISIN code issuance), but also enables the planned introduction of the document management system and the switchover to using e-accounts.
“The reliable working operation called forth by the VMware-based virtualisation of our server environment is now simply indispensable in achieving our business goals set out in our enterprise strategy."
BancVue is one of the fastest growing companies in the financial space. Their charter is to help credit unions and small banks compete with mega banks by providing them innovative products and services.
“One of my goals as the VP of Systems Operations in the datacenter is to have a private cloud where we are fully in control of who touches the servers, what is being administered on the servers, and able to give those results to auditors upon request.”
VMware virtualization enables Bank Andara to provide reliable services to its clients while lowering costs and responding quickly to business demands.
We selected VMware after evaluating alternative virtualization offerings. We were impressed that the product had been in the market and actively developed for more than five years, and that it.
NYSE Technologies, the commercial technology division of NYSE Euronext leveraged VMware virtualization technology to create the new Capital Markets Community Platform to respond to changes within the global capital markets industry.
“Today’s markets are both electronically fragmented and highly volatile. The stage is set for new, collaborative technologies that will allow our clients to achieve the business results they seek—whether that means capitalizing on current conditions or developing whole new products or markets.”
Main objectives for Jadransko osiguranje were: Improve efficiency and reduce cost associated with a decentralized and complex IT environment; provide an optimized IT system capable of supporting the business; securely provide 3rd party access to virtual desktops. To address this, Jadransko osiguranje decided to pursue a virtualization strategy and opted for a solution from market leaders VMware and Cisco. Business Impact were: Reduced capital expenditure by 20 percent; Increased IT resource efficiency by reducing maintenance burden; Maximized application and data security and enabled IT to focus on innovatively serving the business
“Server virtualization simplified the management of the entire IT infrastructure, cut equipment purchase costs by 20 percent, and cut energy consumption by as much as 70 percent.”
Financial Services Provider Target a Secure, PCI DSS-Compliant, Virtualized Environment for Online Services
“Our goal was to come up with a scalable foundation that was compliant with the standards required in the insurance and finance industries... The answer was a VMware cluster of servers hosted by a local datacenter service provider and protected with Trend Micro security.”
Hungarian National Bank (Magyar Nemzeti Bank)
Az MNB szervervirtualizációs projektje a VMware ESX Server 3.5-ös verziójával indult, de a platform legújabb, 4.0-s verzióra történő frissítése a HP-val kötött support szerződésnek is része. A virtualizált szerverek felügyeletére a jegybank a VMware vCenter megoldását vezette be. Az MNB a hardvererőforrások átlagosan 70 százalékos kihasználását tűzte ki célul, ami a projekt eredményeként a gyakorlatban megvalósult. A jegybank a VMware virtualizációs megoldásával ötödére csökkentette a szervergépek számát, amivel arányosan csökkent a kiszolgálók hely- és a hűtésigénye is. A magasabb rendelkezésreállású hardverkiszolgálók és az egységesen felügyelhető virtuális szerverek az üzemeltetés és karbantartás hatékonyságát is hasonló mértékben növelték, így az ezzel összefüggő költségek is csökkentek. Ezzel az MNB a VMware alapú virtualizációs projekt valamennyi sikerkritériumát eredménnyel teljesítette.
“Due to the extra importance of the national bank’s role, a virtualisation solution already well-proven in the market and providing high standards of support and having adequate references in Hungary could be considered only. VMware’s virtualisation technology met these strict requirements.”
VMware vSphere enabled BTPN to rapidly provision new virtual machines to meet demand. Consolidating branch IT infrastructure to a virtualized datacenter platform enables the organization to centralize management. Implementing virtualization also establishes a sound foundation for BTPN’s adoption of a private cloud.
“We were confident enough in the ability of the virtualized infrastructure to run applications that are very important to the business. Implementing VMware has also provided us with a robust foundation to move to a private cloud and adopt more efficient ways of delivering IT services to the business.”
Anonymous Financial Institution UK
The financial services industry is a fast-moving and highly competitive market where things can change in an instant and gaining ‘first-mover’ advantage can often be crucial. Being aware of sudden movements in the market, and having the ability to react accordingly are therefore two of the biggest challenges facing financial sector organisations today. For this major multi-national financial services organisation dealing with corporate, private and retail investments and holding many thousands of portfolios, ensuring it has both access to real-time data and a scalable, flexible and reliable IT infrastructure are paramount.
“VMware vFabric GemFire has dramatically improved the speed with which we can react to changing market conditions. We can now manage risk in real-time, and run calculations 60 times faster than ever before - all of which has made a major impact on our business.”
Bank OCBC NISP
VMware virtualization enabled Bank OCBC NISP to increase productivity and customer satisfaction by significantly improving the reliability of core banking system updates. It also helped the institution consolidate its physical server fleet and maintain application availability and performance while reducing costs.
“We are no longer affected by network or electricity issues and our entire branch network opens every day without interruption.”
Raymond James Extends Virtualization to Microsoft Exchange Environment
“Microsoft Exchange is seen as a ‘canary in the coal mine’ when it comes to virtualization—one of the harder use cases. We’ve proven that peoples’ hesitation is unfounded. Exchange can be virtualized, it works, and it works well.”
QIC Fails Systems Over Seamlessly and Continues Managing Client Portfolios During Brisbane Floods
“Ensuring our systems can be recovered within the timeframes set out in our disaster recovery and business continuity plans—and organising testing of those plans—is now much simpler and less time-consuming. I don’t have to organise a full weekend to test our systems—we can just do it when we need to.”
Peoples Bancorp Inc.
Peoples Bancorp Virtualizes Business-Critical Systems to Improve Application Availability, Reduce IT Costs and Streamline Backup
“Virtualizing mission-critical applications has enabled our IT organization to become more responsive to all of our lines of business. Even more important, it has improved the uptime of applications that impact our customers.”
Like many companies that choose VMware virtualization technology, Raymond James Financial began with a server consolidation project that achieved impressive results. When the company decided to upgrade from Microsoft Exchange 2003 to 2010, it again turned to VMware, this time to support the business-critical project of upgrading the company's 18,000 Exchange mailboxes. Raymond James also kept VMware vCenter Site Recovery Manager (SRM) as its disaster recovery and replication technology within its new Exchange blueprint.
From VMworld NYSE Euronext on hybrid cloud vision and strategy behind the capital markets community platform vertical cloud
NYSE Technologies, the commercial technology division of NYSE Euronext, has launched a cloud services offering for the financial services industry, their Capital Markets Community Platform. Their industry-first community cloud platform is able to extend to clients of any size the opportunity to maximize their computing resources, while maintaining record low-latency transmissions and global market access with industry-standard security and platform reliability.
Wall Street Systems
Wall Street Systems Boosts SaaS Success with Help from Savvis and VMware
“With the cloud model, I have infrastructure-on-demand. For me, that’s enabled Wall Street Systems to scale our business in a way that we would not normally have been able to do in the past.”