Standard Chartered Bank implements core banking solution

 

STANDARD CHARTERED BANK IMPLEMENTS

core banking solution using IBM technologies

 

THE BANK SUCCESSFULLY IMPLEMENTED A CORE BANKING SOLUTION IN PAN-AFRICA USING IBM WEB SPHERE APPLICATION SERVER AND DB2 IN DATA

 

ORGANIZATION NAME: Standard Chartered

WEBSITE: www.standardchartered.com

INDUSTRY: Banking

COMPANY PROFILE: Standard Chartered was formed in 1969 through a merger of two banks: The Standard Bank of British South Africa, founded in 1863, and the Chartered Bank of India, Australia and China, founded in 1853. Today, it has network of over 1,700 branches and outlets and 5,600 ATMs in more than 70 countries and territories across the world

 

CHALLENGES

 

Standard Chartered Bank wanted to implement Core Banking Application implementation across Africa. However, the challenge was that networking between branches and data centres was very poor. From a customer service point of view, the need was to service customers even when the network was down.

 

SOLUTION

 

The bank successfully implemented a Core Banking Solution in Pan-Africa using IBM Web Sphere, Application Server and DB2 in Data Centre. All the branches are using Web Sphere Express Edition and DB2 Express for data storage for store and forward purpose whenever the network not available. This solution has been implemented in 9 countries Pan-Africa across 200+ branches.

 

BENEFITS

 

The bank is now able to service customers even when the network is down due to the offline and online process that was evolved.