IBM focuses on Lebanese banks

IBM Middle East, in collaboration with Banque Du Liban and PCA (Professional Computer Association of Lebanon) have partnered to focus on issues faced by Lebanese banks touting the vendor’s On-Demand computing model as a panacea for their IT ailments.

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By  Maddy Reddy Published  June 1, 2004

IBM Middle East, in collaboration with Banque Du Liban and PCA (Professional Computer Association of Lebanon), are focusing on the fundamental business issues faced by the banking sector in Lebanon promising the vendor’s On Demand’ Computing model as a panacea for their IT ailments. Big Blue claims its on-demand computing environment is to form an open standards-based, integrated, automated and virtualised environment that will allow banks to use solutions that tie together their entire business process, including both internal and external business partners, suppliers and customers. This will allow them to respond to any customer demand and market opportunity with flexibility and speed-a notably key element for success says IBM. IBM is hosting a one-day event tomorrow in Beirut to target Lebanese banks with its recently announced new middleware solutions for the region’s banking sector, including solutions for wholesale payments processing, branch transformation, core systems transformation, channel empowerment and risk & compliance. IBM’s wholesale payments processing solution, for example, can enable banks to centralise and manage repeatable payments processes and consolidate access to external financial networks, allowing them to eliminate costly, duplicative efforts. The event is in line with IBM’s global announcement late last year that it will reorganise its US$13.1 billion software business to focus on cross-brand application packages tailored for vertical industries. “We believe that this is an important event for the country’s banking sector as it creates new opportunities that build on their existing capabilities and their competitiveness in both the local and global business market,” says Gabriel Deek, secretary general of PCA. On the other hand, the branch transformation solution allows banks to migrate from outdated and difficult-to-manage branch IT systems. It also enhances access to information and collaboration to help banks improve front office productivity and reinvent the branch as a full-service financial centre. “The banks that will succeed are the ones that move towards integrating their operations across all channels. While some banks are still struggling to overcome the complexity and inflexibility of their operations, others are transforming their operations by using open-standards middleware technology to obtain a consolidated view of customer account information with lowered operations costs and enhanced strategic control,” explains Bashar Kilani, manager of IBM’s Software Business for the Middle East, Egypt and Pakistan. At the event, IBM will bring all five of its enterprise software brands together to provide an overview on data management, collaboration and messaging, web services, middleware, systems management and development tools. “In the last few years, we have seen a growing trend in the market for solutions that cater to specific industries and we are now addressing that. Our solutions ensure that our customers in the banking sector can use software solutions that are not only cost-effective and flexible but are customised to their particular business needs,” adds Kilani.

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