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Fortis Bank Poland benefits from GridwiseTech's advice

12-12-2007 07:22 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: GridwiseTech

Krakow, 12 December 2007 – GridwiseTech has equipped Fortis Bank Poland with software designed for advanced process flow management in the business intelligence environment. Fortis Bank will be the first bank in Poland to use the enhanced functionality provided by the Platform Process Manager. It has been implemented as part of a project that has been in progress for over a year. The goal of the project is to set up the Information Platform designed for the purpose of building a comprehensive analytical solution.
The greatest challenge that banks face every day is the extensive volume of complex calculations. This hampers the undertaking of operational decisions and increases the risk of taking inappropriate actions. Of equal significance and complexity are the procedures of periodical data processing and reporting. "The issue is important, because bottlenecks in banking systems have a direct relation to how effectively these institutions function," says Paul Piller from GridwiseTech. "The solution to this problem lies in employing grid technologies to ensure scalability of the IT infrastructure. The benefits are not merely the enhanced processing power and reduced costs of software and hardware, but also lower operational risks in the event of malfunctioning."
The project will help Fortis Bank Poland to lower the costs of supporting and delivering reports. Another benefit will be the higher quality of reported and source data. What is more, the usage of grid technologies enables on-demand scaling of the current IT infrastructure.
"The Platform Process Manager considerably simplifies the migration processes between the developer server, the test server and the production server. It also makes it possible to manage any jobs, not only the jobs processed in the SAS environment, and facilitates the creation of process flow schedules," says Zdzislaw Dec, manager of the Information Platform project at Fortis Bank Poland.

GridwiseTech
ul. Chrobrego 28/4
31-428 Krakow, Poland

tel./fax. +48 12 294 71 20

Press Contact:
Lukasz Wilczynski
mobile: +48 516 036 036
lukasz.wilczynski@gridwisetech.com

About GridwiseTech

GridwiseTech is the vendor-independent expert in scalable solutions helping customers in speeding up data processing, removing application bottlenecks and building complete scalable systems. The company introduce modern concepts of Grid, virtualization, service-oriented architecture (SOA) and application-driven portals. GridwiseTech offers management consulting as well as comprehensive technical assistance in integration of multi-vendor components.

The company is present in Europe, Asia and the US, serving a wide variety of clients ranging from Fortune Global 500 companies to small and medium enterprises, to research and government agencies. For more information please visit www.gridwisetech.com.

About Fortis Bank

Fortis Bank Polska SA supports domestic and international corporate customers and individuals. The bank’s stock is listed on the Warsaw Stock Exchange. The bank operates a network of 46 offices in the largest Polish cities, employing over 1600 staff. Fortis Bank Polska’s strategic shareholder is the Belgian Fortis Bank, holding 99.10% of the total stock. More information at: www.fortisbank.com.pl.

Fortis Bank SA/NV is a member of Fortis Group, an international financial institution operating in banking and insurance markets. The group’s market capitalisation is EUR 50.9 billion (15/10/2007) and the group employs 60 thousand staff worldwide, which places Fortis among the twenty largest financial institutions in Europe. Fortis Group is the leader in financial services in their home market, that is Benelux, offering a wide range of financial services targeted at private individuals, businesses and public sector institutions. Fortis Group operations outside Benelux focus on selected market segments. Fortis is listed on stock exchanges in Amsterdam, Brussels. More information at: www.fortis.com.

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