Using SQL Server at the Core: Case Studies

by Daniel Latimore, March 18, 2014
Case Studies
Global

Abstract

Celent examines two successful core migrations to a new platform. 

In the report Using SQL Server at the Core, Celent examines two successful core migrations to a new platform. In the ever-competitive world of retail and commercial banking, financial institutions are considering reducing costs in ways that they wouldn’t have contemplated just a few years ago.

Choices range from using the cloud to outsourcing both IT and operations to considering platforms with a lower total cost of ownership (TCO). SQL Server has been used extensively as a database for channel layers such as branch automation, Internet banking, and mobile banking. It historically hasn’t been used extensively as the system of record database at a bank. This is changing.

In this report Celent provides a high-level framework and examines the use of SQL Server as a way to reduce TCO and enhance performance at the core. Staff familiarity with SQL Server was a significant consideration for the two financial institutions Celent examined that are using SQL Server to achieve equal or better performance at reduced cost: BlueShore Financial (operating name of North Shore Credit Union) in North Vancouver, British Columbia, Canada, and Bank SinoPac in Taipei, Taiwan.

“Total cost of ownership was an important factor for both institutions that migrated to SQL Server at the core,” says Dan Latimore, Senior Vice President of Celent’s Banking Group. “With the proper environments and staff expertise, SQL Server can be an interesting choice for institutions considering a core migration.”

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

A Total Cost of Ownership Framework

2

Performance of Temenos T24 Running on SQL Server

3

BlueShore Financial

4

 

Background

4

 

Selection Process

5

 

Benefits

5

 

Timeline

6

Bank SinoPac

8

 

Background

8

 

Selection Process

8

 

Benefits

9

 

Timeline

9

Conclusion

11

Leveraging Celent’s Expertise

12

 

Support for Financial Institutions

12

 

Support for Vendors

12

Related Celent Research

13

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