Lukas Bank, HP Design Core Banking Platform with SOA
One of Poland's fastest growing retail banks is working with Hewlett-Packard to implement a core SOA banking platform. Among the bank's key business goals are to speed time-to-market for new financial products and to improve payment processing.
One of Poland's fastest growing retail banks is working with Hewlett-Packard to implement SOA to improve payment processing.
Lukas Bank, which has over 300 branches across Poland, is working with HP to specify and designed an entirely new core banking system platform for SOA, the companies said. Lukas Bank is growing so rapidly that it needs a core banking solution that would enable business continuity and reduce time to market for new financial product.
In specific, the Lukas Bank project looks at several core IT improvements, driven by SOA, the company said. Among them:
Inside the HP, Lukas Bank SOA Approach
To drive the solution, HP is using its Sanchez Profile software to design and implement an SOA to allow Lukas Bank to speed up payment processing times, create shorter IT development times and improve system reliability and flexibility.
Key components of the Lukas Bank/HP SOA solution include:
Technology and lifecycle support were keys to the bank's decision to go with HP, Lukas Bank officials said. "We were impressed by the functionality, price and high levels of service offered by the HP solution," stated Anna Zaremba-Rollauer, IT director at Lukas Bank. "We believe the HP core banking solution will greatly reduce our time to market for new products from several months down to a few weeks," she added.
Another factor in choosing HP was the company's ability to support SOA-driven integration with (and efficient migration from) legacy assets. "[HP] has provided huge improvements in system continuity, availability and flexibility, all based on an excellent architecture. In short, it has proved to be a good choice both for our IT function and our business as a whole," Zaremba-Rollauer added.
Gartner recently positioned HP in its "leaders" quadrant for SOA, noting clear and strong vision, market direction for products and its competency-building initiatives.