Software publisher and application services provider SLIB has upgraded its IT infrastructure with a new IBM system to streamline and securely process and estimated 15 million stock market orders this year.
SLIB provides cloud services to 50 European and global financial institutions to conduct their securities business.
The update includes a new IBM Power 770 system equipped with the new POWER7+ processor. The new system is engineered with the latest data security and privacy technology and automatically increases processing performance to meet workloads.
The new infrastructure allows SLIB to securely handle millions of securities transactions for each client such as orders and trades, clearing and settlements, and stockholder meeting votes.
Philippe Cognet, CEO of SLIB, said: “SLIB clients require the very best financial markets and shareholder services technologies that support their core business strategies. IBM Systems technology helps our company guarantee the highest service levels for our clients, giving us a competitive advantage over other companies that do not invest in innovation.”
“Moreover, the built-in scalability and flexibility of the new Power Systems servers allow us to commit with new clients under the very short deadlines.”
Alain Henry, vice president of the systems and technology group at IBM France, said: “Our companies have collaborated on the premise of innovation driving growth for over 20 years, keeping a sharp eye on evolving clients needs.”
