S&P 500
16.11.2005 16:14:00
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Krung Thai Bank Chooses Sun Microsystems Solaris(TM) Operating System and Sun Fire(TM) Servers to Manage More Than 13 Million Customer Accounts
In tandem with the BAI Retail Delivery Systems Conference, SunMicrosystems Inc., (Nasdaq:SUNW) today announced that Thailand'ssecond largest commercial bank, Krung Thai Bank (KTB), has replacedits core banking system with Sun Microsystems to help deliver faster,more flexible services to its customers. KTB implemented theSolaris(TM) Operating System (Solaris OS), Sun's flagship OS, runningSun Fire(TM) E12K servers and Sun StorEdge(TM) SE9980 System. Theprevious system required extensive, costly upgrades and maintenance,hindering the roll-out of new competitive services, such as customerportals and payment applications.
"The old system was not able to keep up with this dynamic businessclimate," said Chaichan Kangwanpong, chief information officer, KTB."Since Sun systems are based on open standards, we were able toconvert 600 branches and 13 million accounts in a single weekend. Withour rapid growth and aggressive goals to be the number-one bank inThailand, our previous system hit a brick wall in terms of performanceand flexibility, severely hampering our ability to compete. So wedecided to create what we know is the world's largest real-time coresystem in the world -- the primary data center on which all bankingapplications run. We knew we required the scalability, security andperformance of Sun's hardware and software innovations. Sincemigrating our system to Sun, the promises of increased performance andreduced price have been delivered beyond our expectations."
State-owned KTB is a dynamic commercial operation whose 14,500staff became frustrated when the Tandem and HP-based legacy systembegan hindering the ambitious goals of rapidly rolling out these newon-demand services. Initially, KTB tried to upgrade and tweak theperformance of its older system to be more flexible and allow easierintegration of new services; however, KTB quickly found the cost andcomplexity to be overwhelming. After extensive research, KTB choseFidelity Profile(TM), Fidelity Information Services' core-bankingsolution running on Sun's Solaris OS and Sun Fire servers to power thenew system.
"Although Fidelity Profile is optimized for several systems, SunFire servers running Solaris OS convinced us that the days of the 'bigiron' mainframe were over. Our benchmarks showed our applicationimproves dramatically when tested on Sun," said Frank Sanchez,President, Fidelity Information Services. "The implementation at KTBproves that real-time-Unix implementation can support, and evensurpass, the processing requirements of the world's largest banks."
"Fidelity and Sun share the same goal of helping banking customerslike KTB improve the performance of their systems at an overall lowercost to them," said Donna Rubin, senior director of financialservices, Sun Microsystems. "KTB is yet another example of Sun workingwith the world's largest banks to help them meet even the mostambitious goals. This win reconfirms that Sun continues to hold aglobal leadership position as the most trusted and preferred opensystems vendor in financial services."
About Sun Microsystems, Inc.
A singular vision -- "The Network is The Computer"(TM) guides Sunin the development of technologies that power the world's mostimportant markets. Sun's philosophy of sharing innovation and buildingcommunities is at the forefront of the next wave of computing: theParticipation Age. Sun can be found in more than 100 countries and onthe Web at sun.com. Subscribe to Sun newswire at http://sun.com/news.
Copyright 2005 Sun Microsystems, Inc. All rights reserved. Sun,Sun Microsystems, the Sun logo, Java, StarOffice, Sun Fire, StorEdge,Solaris, and The Network Is The Computer are trademarks or registeredtrademarks of Sun Microsystems, Inc. in the United States and othercountries.
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