Systems/Enterprise:
PLATFORM SW/SERVICES SUPPORT
GRID-ENABLED VALUATION APP
Platform and IBM have announced a new Grid computing customer, RBC
Insurance.
Using an integrated grid computing solution from Platform and IBM, RBC
Insurance was able to reduce by 75 percent the time spent on job scheduling,
and by 97 percent the time spent processing an actuarial application. Based on
that success, RBC Insurance is now looking to expand the IBM and Platform
Computing solution across additional applications and business units to
improve efficiencies and to increase customer satisfaction.
"IBM and Platform Computing Grid-enabled our valuation application and
supporting infrastructure for immediate results," said Keith Medley, Head of
Insurance Technology, RBC Insurance. "With the integrated solution, we have
been able to reduce a 2.5 hour job to 10 minutes, and an 18 hour job to 32
minutes. We are now looking to move to a production environment. By
virtualizing applications and infrastructure, we anticipate being able to
deliver higher quality services to our clients faster than ever before, which
will significantly impact our competitive edge."
With over 10 years experience in Grid computing, Platform provides
distributed
computing solutions to the financial services market, where IT infrastructures
support and process mission-critical applications for customers such as
Deutsche Bank, JPMorgan Chase, Mackenzie Financial Corp., TD Canada Trust, and
Fidelity Investments, to dramatically improve the efficiency and reliability
of their IT infrastructures and the critical financial services applications
they support.
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