Ingres and NETinfo Form Partnership to Bank...
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SUCCESS STORY HigHligHts NETinfo’s flagship product, NETteller e-Banking Solution, is a multi-channel e-banking platform. In addition to providing secure, reliable, 24x7 access to business-critical information, NETteller supports multiple jurisdictions, single sign-on for multiple banks, aggregated cross-border services, and multi-signature workflows. By partnering with Ingres and building its internet banking application on Ingres Database using JBoss Application Server, NETinfo is able to reduce its customers’ total cost of ownership (TCO) by approximately 25 percent. Company profile One of the fastest growing independent soſtware vendors (ISVs) in its field, NETinfo develops soſtware products that help create new, more efficient business models for financial institutions. NETinfo is an ISO9001 company based in Cyprus with operations in London, Romania, Albania, Russia, Chile, Peru, Columbia, Greece, and Ghana. CHallenge NETinfo has multiple high-performance requirements for its NETteller e-banking platform, including scalability, always-on availability, unshakable security, and full customizability. Since many of NETinfo’s customers transact business in multiple countries, the solution must be capable of supporting aggregated cross-border services. NETteller must also support multiple jurisdictions, single sign-on across multiple banks, and multi-signature workflows. Because many banks work with corporate and retail customers as well as consumers, they require a solution that provides appropriate services and uniform customer policies to each customer sector. “At a time when financial institutions around the world are experiencing economic challenges,” says Polys Hadjikyriakos, NETinfo Sales Director, “we think it’s more important than ever to provide cost-effective soſtware solutions that help banks increase competitive advantage while reducing operational costs.” When NETinfo first developed the NETteller e-banking platform, Oracle was one of the primary databases used in the solution. Yet with sizable upfront licensing fees and costly on-going support, Oracle drove up the cost of each bank’s initial investment and significantly increased TCO. MySQL was also considered, but quickly rejected because it lacked critical features such as online backup, point-in-time restore, and security features that control access to critical data and auditing. Ingres and NETinfo Form Partnership to Bank On Customer NETinfo Plc industry Financial services Challenge To provide a cost-effective, fully customizable e-banking multi-channel solution to financial institutions solution Build primary internet banking solution using: • Ingres Database • Ingres Icebreaker Business Intelligence (BI) Appliance • JBoss application server Benefits • Cost-effectively able to meet all high-performance requirements for e-banking platform • Provide a customizable, multi-channel e-banking solution that keeps customer’s initial costs low and reduces total cost of ownership (TCO) by approximately 25 percent
Transcript of Ingres and NETinfo Form Partnership to Bank...
SUCCESS STORY
HigHligHts
NETinfo’s flagship product, NETteller e-Banking Solution, is a multi-channel e-banking platform. In addition to providing secure, reliable, 24x7 access to business-critical information, NETteller supports multiple jurisdictions, single sign-on for multiple banks, aggregated cross-border services, and multi-signature workflows. By partnering with Ingres and building its internet banking application on Ingres Database using JBoss Application Server, NETinfo is able to reduce its customers’ total cost of ownership (TCO) by approximately 25 percent.
Company profile
One of the fastest growing independent software vendors (ISVs) in its field, NETinfo develops software products that help create new, more efficient business models for financial institutions. NETinfo is an ISO9001 company based in Cyprus with operations in London, Romania, Albania, Russia, Chile, Peru, Columbia, Greece, and Ghana.
CHallenge
NETinfo has multiple high-performance requirements for its NETteller e-banking platform, including scalability, always-on availability, unshakable security, and full customizability. Since many of NETinfo’s customers transact business in multiple countries, the solution must be capable of supporting aggregated cross-border services. NETteller must also support multiple jurisdictions, single sign-on across multiple banks, and multi-signature workflows. Because many banks work with corporate and retail customers as well as consumers, they require a solution that provides appropriate services and uniform customer policies to each customer sector.
“At a time when financial institutions around the world are experiencing economic challenges,” says Polys Hadjikyriakos, NETinfo Sales Director, “we think it’s more important than ever to provide cost-effective software solutions that help banks increase competitive advantage while reducing operational costs.” When NETinfo first developed the NETteller e-banking platform, Oracle was one of the primary databases used in the solution. Yet with sizable upfront licensing fees and costly on-going support, Oracle drove up the cost of each bank’s initial investment and significantly increased TCO. MySQL was also considered, but quickly rejected because it lacked critical features such as online backup, point-in-time restore, and security features that control access to critical data and auditing.
Ingres and NETinfo Form Partnership to Bank On
Customer
NETinfo Plc
industry
Financial services
Challenge
To provide a cost-effective,
fully customizable e-banking
multi-channel solution to
financial institutions
solution
Build primary internet banking solution using:
• Ingres Database
• Ingres Icebreaker Business Intelligence (BI) Appliance
• JBoss application server
Benefits
• Cost-effectively able to
meet all high-performance
requirements for e-banking
platform
• Provide a customizable,
multi-channel e-banking
solution that keeps
customer’s initial costs low
and reduces total cost of
ownership (TCO) by
approximately 25 percent
SUCCESS STORY
SOLUTIONToday, the primary NETinfo e-banking solution is built on Ingres Database, a leading open source database for business-critical applications. NETinfo relies on JBoss as its de facto developing tool. “We are very happy with the Ingres/JBoss combination. They are both mature products we can trust for our business-critical application. Since migrating from Oracle, we have realized significant cost savings through the open source business model – not only with the upfront license fees but with the overall solution costs,” reports Hadjikyriakos.
Together, NETinfo and Ingres provide a single-source internet banking solution that can be customized to meet the needs of individual financial institutions. While NETinfo’s first priority is to help financial customers implement internet banking, clients are also encouraged to integrate business intelligence (BI) into the mix. To that end, NETinfo advises customers to consider the Ingres Icebreaker Business Intelligence Appliance as either a standalone application or bundled with the NETteller e-banking solution.
Currently, National Invest Bank of Ghana is implementing Phase 1 of the NETinfo NETteller e-banking solution with Ingres Database embedded in the solution. This bank plans to incorporate Ingres Icebreaker Business Intelligence Appliance during Phase 2 of this project. Additional banks are preparing to implement NETteller using Ingres Database during the second half of 2009.
RESULTSSignificantly lower initial investmentNETinfo allows its customers to choose their databases. Some insist on Oracle, and NETinfo will customize the NETteller application with it if necessary. However, the customer will be required to pay a significantly higher amount in licensing fees to Oracle. With the Ingres-based bundle, a single point of support for the entire NETteller application is included in the cost of the solution. “In choosing Ingres,” says Hadjikyriakos, “our customers save at least 20 percent in initial costs.”
Implementations are easier and more efficient.The NETteller application gets up and running faster, providing competitive benefit to the financial institute and its customers more quickly and efficiently. Additionally the NETteller ASP model can support one or many installations for streamlined scalability.
Customers are not the only ones who enjoy the efficiency of Ingres Database. In-house developers for NETinfo are very pleased with it as well. Says Hadjikyriakos, “The developers came to accept Ingres Database and the JBoss Application Server almost immediately. They are very satisfied with the efficiency, flexibility, and performance of this stack.”
Availability and security are assured“We are quite impressed with both the availability and security provided by Ingres Database,” reports Hadjikyriakos. “Our financial customers cannot afford even a minute of downtime, so we have to ensure 24x7 availability. Ingres reliably provides this functionality. Naturally, security is a must-have for any internet banking application, and Ingres provides built-in security features to ensure protection of private data.”
“We are very happy with the
Ingres/JBoss combination.
They are both mature
products we can trust
for our business-critical
application. , Since migrating
from Oracle, we have
realized significant cost
savings through the open
source business model – not
only with the upfront license
fees but with the overall
solution cost.”
– Polys Hadjikyriakos
Sales Director, NETinfo Plc
SUCCESS STORY
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about ingres Corporation
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Flexibility helps lower TCONETinfo is committed to being an open standards ISV, and strives to develop products that are platform-independent, helping customers run their NETteller application on just about any system. Ingres Database helps NETinfo uphold its commitment by being extremely flexible in interfacing with third-party products and integrating with existing back-end systems.
Support for customers and in-house developers is superiorHadjikyriakos feels that the partnership between NETinfo and Ingres is “near perfect,” and support has a lot to do with his statement. Whether an in-house developer or a financial customer needs support, Ingres can be relied upon to provide what’s needed. “We have a need. We call Ingres. They help. It’s that simple every time.”
