HPC in the Cloud: International Finance Bank (IFB) Implements SaaS Solution

Dedicated to Covering Enterprise & Scientific Large Scale Cloud Computing

HPC in the Cloud >> This Just In

July 30, 2010

International Finance Bank (IFB) Implements SaaS Solution

WINDSOR, Conn., Jul 30, 2010 -- SS&C Technologies, Inc., a subsidiary of SS&C Technologies Holdings, Inc., today announced that International Finance Bank (IFB) has selected the Safekeeping module of Lightning, a full-service capital markets SaaS solution.

Headquartered in Miami, IFB expects to grow its Investments and Safekeeping business and enhanced services to their private banking clients. IFB turned to SS&C because they needed a technology partner to provide a low cost and easy-to-implement solution so they can focus on business growth.

"Lightning will allow us to automate tasks such as administrative processing, keeping information on all our custodians, issuing statements, confirmations, 1099's and performing Security Pledge processing, on an integrated SaaS platform," said Charles Skipper, Vice President, Treasury and Investments, for IFB. "With Lightning's Safekeeping module, we are well positioned to grow our business and provide flexible service options for our clients."

"Financial Institutions like IFB look to SS&C Lightning as a trusted platform to safeguard client assets," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "We are pleased to deliver a secure, scalable safekeeping solution to support IFB's growth strategy."

About IFB

International Finance Bank is a Florida State Chartered FDIC insured Commercial Bank, it was organized in Miami in 1982 by a group of local businessmen with a former name of Westchester Bank, and it has been providing community-banking services to the South Florida region for over 25 years. Grupo IF, a privately held family enterprise that has been conducting business in North and South America for over 50 years, now owns International Finance Bank. Grupo IF has presence in almost every country in Latin America, and provides employment opportunities to more than 10,000 people, in 20 different industrial and financial activities. International Finance Bank along with five other institutions is part of the Grupo IF Financial Division. Investments offered are not insured by the FDIC.

About SS&C Technologies Holdings, Inc.

SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. Additional information is available at www.ssctech.com.

-----

Source: SS&C Technologies

Article Tools

Share Options

(Digg, Technorati, more)

Subscribe

Subscribe to HPC in the Cloud

Discussion

There are 0 discussion items posted.

RSS Feeds

Feeds by Topic

Feeds by Content Type

Feature Articles

On Par for 2 Billion: 3PAR Discusses Cloud Strategy

Storage vendor 3PAR has been at the heart of an intense bidding war between HP and Dell due to its unique refinements and developments in virtualized storage platform concepts. Thin provisioning and a focus on the needs of large-scale enterprises and cloud providers have catapulted the company into the public eye but as 3PAR's Craig Nunes discusses with HPC in the Cloud, the cloud strategy has been consistent since 1999--even if the world is just taking notice now.
Read More...

Busting the "Cloud in a Box" Myth

The concept of private clouds is gaining traction and due to the buzz, more enterprises are taking a much closer look at the possibility—if they haven’t taken steps to virtualize some or all of their infrastructure already. For those who have not yet made the transition, a lack of understanding of the complex process behind private cloud implementation is at the core of hesitancy, therefore vendors are looking for ways to convince users to fear not, the private cloud is not only within reach—but simple to step into.
Read More...

Achieving Ultra High Performance in the Cloud

Companies in competitive domains, such as financial services, create large data repositories containing significant amounts of data collected from daily operations. Using supercomputers to analyze these massive datasets might yield the highest level of performance, but this is prohibitively expensive. Using proprietary, custom-built HPC atop cloud environments is also a viable option--although one that does come with a series of drawbacks that must be mitigated to achieve critical performance levels.
Read More...

Read more HPC in the Cloud features...

Around the Web

Application Flexibility and the New Enterprise Architecture

Aug 31 | Application delivery strategies must be shaped with flexibility in mind as the number of platforms delivering core applications is bound to change with time. Since a greater number of devices and platforms are entering the infrastructure mix, those who do not adapt quickly face being locked into strategies that do not mesh well with new developments. Read more...

A Maturation Stage for Storage Virtualization

Aug 27 | Storage virtualization has been gaining momentum as it moves from concept to practice but some suggest the offerings in this realm have not matured sufficiently and require a longer maturation process before wider adoption occurs. Read more...

HP Seeks to Boost Cloud Service Automation Capability

Aug 27 | Although it was lost in the chaos of the 3PAR bidding war between, HP announced news that it acquired cloud service automation firm Stratavia to bolster its cloud management offering and further its strategy in the arena. Read more...

NASA CIO Weighs in on Nebula, Public Clouds

Aug 26 | In an interview from the NASA IT Summit last week, the agency's CIO, Linda Cureton weighs in on developments with Nebula platform and the adoption of the open source code by other agencies looking to the cloud. Read more...

Facing the Realities of Private Cloud Building

Aug 24 | While private clouds are getting far more attention than they received at the beginning of the cloud buzz boom, the realities of the complexities of actual building them--not to mention the financial and time investments--are often overlooked. Read more...

Read more headlines...

Featured Whitepapers

Increase IT Performance from the Enterprise to the Cloud with WAN Optimization

Aug 30 | | Enterprises face a paradox today: while workers become increasingly distributed, IT infrastructure is rapidly consolidating. Virtualization has made it possible to create consolidated, elastic pools.

Grid Computing in the Cloud White Paper

May 14 | | Empower business users, scientists and researchers with their own grid computing infrastructure in the cloud.

View the White Paper Library

Multimedia

Webcast: Storm Clouds - Security Issues in the Cloud and How to Address Them

This Webinar will highlight the four critical areas of concern when securing cloud infrastructure services and managed enterprise applications.

Webcast: Confronting HPC Cloud Computing Security Concerns

Escalating energy and operational costs of building and maintaining data centers are forcing enterprises to adopt cloud computing models. But are Infrastructure as a Service (IaaS) solutions like IBM's Computing on Demand (CoD) really cost effective? Join the discussion as industry experts discuss how you can exploit cloud computing for maximum ROI.