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MANILA, PHILIPPINES - 12 Sep 2008: IBM (NYSE: IBM) and Philippine Savings Bank (PSBank) announced today a major transformation effort to implement the New Enterprise Data Center (NEDC) strategy -- aimed to address PSBank's increasing business and technology requirements in support of its expanding customer base, as well as product and service portfolio.
PSBank, the country's second largest savings bank, decided to migrate its database to IBM System z. The bank will use the mainframe for seven Linux-based online transaction processor (OLTP) applications and its Data Warehouse. IBM System z's advanced virtualization technology will allow PSBank to consolidate multiple servers into just one Integrated Facility for Linux (IFL), while providing 30 times better performance. IBM System z is a robust, scalable and secured platform perfect to run PSBank's mission-critical database applications.
The NEDC strategy allows companies to focus on the services provided by the infrastructure, while streamlining the underlying technology that enables these services. Thus, it yields a more productive and satisfied user community, as well as provides better alignment between business priorities and information technology investments.
"With the PSBank's thrust of giving premium to quality customer service, we embarked on upgrading the technology infrastructure with IBM to improve capacity and service availability to address issues that may confront us as our customer base grows rapidly," said Pascual M. Garcia III, President, PSBank. "With IBM as our partner, we are confident that we can achieve better response time and minimized downtime, resulting in better productivity, savings on operating systems and database software license costs, better capacity for future expansion requirements and a consolidated operating environment. All these will translate to better customer experience and satisfaction."
PSBank, a member of the Metrobank Group, and IBM have been business partners for many years now.
"PSBank requires an efficient, flexible and resilient infrastructure that is primed to anticipate and respond rapidly to its shifting and expanding business requirements," said IBM Philippines Country General Manager, James Velasquez. "We are excited to collaborate with PSBank in driving the new enterprise data center architecture--one that allows for massive scalability and dynamic responsiveness while also providing an energy efficient and resilient infrastructure."
With this NEDC transformation project, PSBank and IBM aim to achieve similar goals in reducing energy consumption as well as reducing cost, space and IT maintenance, while enhancing the efficiency and capacity of its data center facilities.
This project is an example of how IBM is helping clients develop a new enterprise data center, which offers dramatic improvements in IT efficiency and provides for rapid deployment of new IT services to support future business growth. IBM is supporting clients' move to new enterprise data centers by focusing on best practice around virtualization, green IT, service management and cloud computing.
PSBank is a key player in consumer banking, ranking 13th in capital among Philippine Banks. It is also the 13th largest Philippine lender. With P8.2-billion capital and P69-billion assets as of end-June 2008. A member of the Metrobank Group, PSBank currently has 163 branches and 165 ATMs nationwide. Already on its 48th year of operations, PSBank is the first publicly listed savings bank.
For more information on PSBank, please visit www.psbank.com.ph.
For more information on IBM, please visit www.ibm.com.
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