Sybase, Inc., a leading provider of enterprise infrastructure and mobile software, announced it has partnered with NEC Corporation to offer financial services customers innovative data management and analysis solutions to increase the productivity and efficiency of banking operations. Sybase IQ, the company's analytic database engine, will be offered with NEC's BankingWeb21. With this expansion of the long-standing partnership between Sybase and NEC, both companies will provide resources engaged in joint sales and marketing efforts. This solution complements a full range of products and services focused on the needs of Sybase financial services customers, which include more than 200 of the world's largest financial institutions, 90 percent of the world's securities firms and 60 percent of its banks.
"Sybase has become an indispensable provider of software solutions to the financial services market, which demands integrated solutions that provide security, high availability and real-time information delivery as well as reduce the IT infrastructure costs and streamline business processes," said John Chen, chairman, CEO and president of Sybase. "By enabling financial services organizations to manage and analyze critical information in real-time on an open, scalable platform, the combination of Sybase IQ and BankingWeb21 gives joint customers the ability to increase both their ROI and competitive position at an exceptionally low total cost of ownership."
Sybase IQ enables transaction-heavy financial services institutions to rapidly analyze data for improved business performance. Sybase IQ compresses data up to 60 percent, offers scalability to support thousands of users and terabytes of data, and improves ad hoc query performance up to 100 times over traditional databases. This functionality will complement the strengths of NEC's BankingWeb21, including: an open, scalable platform for online transaction processing (OLTP); ease of integration, resulting in significantly reduced deployment costs compared to other core banking platforms; a settlement solution; and outsourcing and systems integration services.
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