Linux Ready For Enterprise Banking

Linux Ready For Enterprise Banking

Post by Dr al » Sat, 01 Nov 2003 09:17:10

Cordelia Lee Oct 30 2003
"Linux is ready for deployment in the mission-critical enterprise
banking environment," declares Richard Phillimore, senior vice president
and chief marketing officer of Sanchez Computer Associates.
"It holds the promise of a significantly lower total cost of ownership
(TCO), something that is essential as banks worldwide focus on improving
their operating margins and competitiveness."

Sanchez claims to be the first banking software vendor to have deployed
a core processing system for a banking institution on the Linux
operating system (OS). First Mortgage KFT of Hungary is using the
Sanchez Profile core processing system, the Profile for Windows customer
servicing platform, and the Sanchez FMS accounting system to aid its
drive into the Hungarian home mortgage market.

In an interview, Phillimore informs that the lower TCO was measured
against both mainframe and Unix-based solutions, and it is estimated
that the banks will save around 50 to 70 per cent over traditional
solutions ...


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