IBM has introduced a new platform designed to allow financial services companies to centralize operations and reduce overhead costs.
Serving as a secure and stable platform, ‘Systems Solutions for Branch Banking’ provides a core concentration of management amidst the continual redevelopment and transformation of traditional banking networks. It is hoped the service will allow for greater personalized selling and a higher quality of focused service.
Recognizing the advantage of a compressed computing management system, Francisco Rivas Duenas, chief information officer of Banco de la Republica, commented, We can capitalize on IBM’s expertise to further collapse multiple tiers of our computing operations into a more efficient, less complex infrastructure. This solution includes tailored features such extra security and networking applications that meet our specific needs as a financial institution.
The new banking solutions are built on Intel Xeon-based IBM BladeCenter and xSeries platforms – including software, networking and security features so that administrators can monitor operations and centrally deploy software to branch locations.
The introduction of Systems Solutions Branch Banking means that the branch channel will continue to make a significant contribution to overall business growth in spite of the increasing pervasiveness of remote channels such as internet and telephone banking. It will also allow retail banks to continue to expand without compromising the quality of customer service. The ability of retail banks to access, modify and analyze customer data within branch offices as opposed to across the network also bestows an element of self-sufficiency upon them.
The application suite also provides services that can be used in conjunction with in-branch applications such as wireless networking and management of automated teller machines (ATMs).
If this new Systems Solutions for Bank Branching is indicative of anything more than the scope of technological advancements, it is the increasing trend of technology to be used as a streamlining device in the management of banking networks.