AUCKLAND, New Zealand,
Oct. 28, 2014 /PRNewswire/
-- Finzsoft Solutions Limited (NZX: FIN) and IBM (NYSE: IBM)
today announced a five-year cloud agreement to move Finzsoft's core
and vertical banking applications, including its Sovereign
application, to the IBM Cloud. The agreement to host Finzsoft
applications in the IBM Cloud at IBM cloud centers in Auckland and Wellington will enable Finzsoft to offer
solutions-as-a-service to clients as the company expands across the
Asia Pacific region.
Finzsoft provides mission-critical financial software and
solutions to banks and financial institutions. Moving to a
cloud-based offering will speed up the deployment of its solutions,
reduce costs and provide security and resiliency to its customers.
The cloud-based model enables Finzsoft to meet the growing demands
amongst its client base for operating models that deliver agility,
availability and stability.
Under the new agreement, Finzsoft will leverage IBM Cloud
Managed Services for New Zealand
as well as infrastructure from SoftLayer, an IBM company, enabling
Finzsoft to take advantage of IBM's global network of
enterprise-grade cloud centers in every major market and allowing
for data sovereignty and other requirements to be met as they move
to the cloud.
"IBM's reputation as a global technology and innovation leader
was key to our decision to enter into this agreement. Working with
IBM will give our clients confidence that we are offering our
solutions through a robust and secure cloud environment, something
which is extremely important to tier one banks and finance
companies. Having the IBM global brand behind us will strengthen
our business proposals to our clients and enable a continued focus
on the development and delivery of transformational and scalable
solutions for our clients," said Andrew
Holliday, Managing Director, Finzsoft.
"The banking sector is rapidly transforming. The focus on
digital, mobility, online banking and granular customer data means
our customers want greater flexibility and more personalized and
integrated solutions. This agile, on-demand and real time access to
solutions as-a-service through the IBM Cloud will also help
transform how our customers approach core banking refreshes and
upgrades," added Andrew
Holliday.
"The rapid transformation of the banking industry is being
driven strongly by digital technologies. Finzsoft chose IBM for
very clear reasons – security, enterprise-grade capabilities,
global network and our ability to be a transformation partner.
Working with Finzsoft to deliver these leading applications
as-a-service demonstrates that IBM is a leading provider of cloud
services with a compelling value proposition to enterprises," said
Robert Varker, Business Unit
Executive, IBM Integrated Technology Services.
About
Finzsoft:
Finzsoft creates innovative, transformational products and services
designed around the people that use them. Since its launch over 25
years ago, the company has provided financial software and
solutions for banks and financial institutions in Australasia.
Finzsoft has offices in Singapore,
Malaysia, Australia and Auckland and employs over 90 people.
www.finzsoft.com
About IBM Cloud Computing
IBM is the global leader in cloud with an unmatched portfolio of
open cloud solutions to enable clients for the hybrid cloud era
with integration, control over data and expertise. IBM Cloud has
helped more than 30,000 clients around the world. Today, IBM has
100+ cloud SaaS solutions, thousands of experts with deep industry
knowledge helping clients transform and a growing global network of
cloud centers. Since 2007, IBM has invested more than $7 billion in 17 acquisitions to accelerate its
cloud initiatives. IBM holds 1,560 cloud patents focused on driving
innovation. In fact, IBM for the 21st consecutive year topped the
annual list of US patent leaders. IBM processes more than 5.5
million client transactions daily through IBM's public cloud. For
more information about cloud offerings from IBM, visit
http://www.ibm.com/cloud. Follow us on Twitter at @IBMcloud and on
our blog at www.thoughtsoncloud.com. Join the conversation
#ibmcloud.
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SOURCE IBM