SOA in Banking - Storebrand - IBM SOA Customer

Storebrand improves agility by integrating business processes with IBM solution - SOA in Banking - IBM SOA Customer

"In combination with our service oriented architecture, IBM DB2 9 can help us achieve, with far greater ease, our goal of using information on demand to readily respond to market changes and customer demand." - Thore Thomassen, Senior Enterprise Architect, Storebrand Group

Customer: Storebrand - IBM SOA Customer
Deployment Country: Norway
Industry: Banking, Financial Markets, Insurance - SOA in Banking
Solution: Business Process Management, Customer Relationship Management, Database Management, Enabling Business Flexibility, Information On Demand, SOA Service Oriented Architecture, Web Services

Overview - SOA in Banking
With roots dating back to 1767 and fiscal year 2004 profits of 2.4 billion NOK (358 million USD), Storebrand Group is Norway’s oldest and one of its biggest financial services companies, and a leading player throughout Scandinavia. The company provides life insurance, pension products, commercial retail banking and asset management to many of Norway’s largest companies as well as to private individuals, municipalities and public sector entities.

Business need: SOA in Banking - Improve business agility, ability to make timely and informed business decisions and provide better customer service

Solution: SOA in Banking - Implement a service oriented architecture based on IBM DB2® and IBM WebSphere® solutions, including IBM DB2 9 data server

Benefits: SOA in Banking - Expected ability to handle five times as many customers; reduced order processing time; faster time to market with new products and product combinations; improved customer service through 24x7 online access and ability to view all orders; richer ability to query stored customer and product data for business insight; dramatically reduced time, complexity and cost to conduct database queries; improved productivity for programmers