Intel inside: Credit Libanais Bank

Intel’s software enabling program has announced the implementation of a new Xeon-processor based server infrastructure for Credit Libanais, one of the largest banks in Lebanon.

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By  Maddy Reddy Published  April 19, 2004

Intel’s software enabling program has announced the implementation of a new Xeon-processor based server infrastructure for Credit Libanais, one of the largest banks in Lebanon. The chip vendor claims, the new system offers up to 80% performance improvement in processing banking tasks such as end of day, periodical accruals, monthly posting and monthly closing tasks at lower costs. The implementation, which was done by Soft Management (owned by Credit Libanais Bank), a provider of credit card processing software and by BML Istisharat through its ICBS banking software started in August 2002. Through its Early Access Program, Intel worked with BML Istisharat and Soft Management, providing them with the Xeon server processors. “Banks can save tens of thousands of dollars by shifting away from proprietary systems and adopting other solutions that also give them great results in terms of productivity and system management,” says Antoine Raad – chairman and general Manager, Soft Management. Credit Libanais started the migration of computer program applications as well as the different Oracle databases on a dual Intel Xeon 2 G/hz processor-based server and 2 G/bytes memory (RAM), which was followed by more servers that were acquired over a period of 20 months, the latest one featuring a Dual Intel Xeon processor with 3.2 Ghz speed, 1 M/byte memory cache and 4 G/byte RAM. “It has been realised for some time now that there has been a steady shift on behalf of the banking sector from closed, proprietary computing systems, particularly in the critical area of high performance computing, and Intel is helping us take advantage of this opportunity,” says Joe Faddoul, chairman, BML Istisharat. The same application will be marketed by BML Istisharat and Soft Management in the Europe and the Middle East according to the vendors. Next on the roadmap, will be optimising the server infrastructure at the Finance Competency Center, based in the American University of Beirut. “One of our key goals through our software enabling programs is to provide independent software providers with the tools that help them optimise the performance of their applications. The finance sector is a key focus for us, and we hope that this success will be one of many for us in the Middle East,” says Melissa Laird, general manager, Software Enabling Division, Intel.

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