[2667] in comp.os.os2.announce archive
IBM: PR: Hong Kong-Based Bank Invests in IBM Desktop Software Migration
daemon@ATHENA.MIT.EDU (Timothy F Sipples)
Wed Mar 19 20:47:38 1997
To: os2ann.DISCUSS@bloom-picayune.MIT.EDU
Date: 19 Mar 1997 19:35:27 GMT
From: tsipple@us.ibm.com (Timothy F Sipples)
Reply-To: tsipple@us.ibm.com (Timothy F Sipples)
Reply-to: tsipple@us.ibm.com (Timothy F Sipples)
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March 14, 1997
HSBC Group and IBM have announced an extended technology partnership to
migrate the group subsidiaries' global teller operations to IBM's OS/2* Warp
platform. It will encompass HSBC Group branches and subsidiaries in 50
countries worldwide, including the U.S. and Canada.
Under the agreement, many of the HSBC Group subsidiaries will migrate to the
OS/2 platform in their respective bank branch teller machines. In addition,
the agreement includes the licensing of IBM desktop software, Lotus software
and selected Tivoli products for the bank's workstations worldwide.
HSBC Group subsidiaries include Hongkong Bank and Hang Seng Bank in Hong Kong,
as well as other Hongkong Bank Group subsidiaries in the Asia Pacific. HSBC
Americas subsidiaries also come under the agreement, including parts of Marine
Midland Bank, and Hongkong Bank of Canada. In the United Kingdom, Midland
Bank, an HSBC Group member, is currently using the OS/2 platform in its
operations.
"As one of the world's leading financial services organizations, HSBC Group is
committed to investing in information technology to increase our business
efficiency, and to improve both the quality and the scope of our services we
offer to our customers worldwide." said Robert L. Carlson, assistant general
manager and head of technical services for Hongkong Bank. "This bank
initiative to migrate our worldwide teller and branch banking support to an
open, PC-based system is clear evidence of our commitment to continually
improve customer service."
The selection of the OS/2 platform will allow Hongkong Bank, in Hongkong, to
further develop and strengthen its relationship with IBM, which has been
established with the use of the AS/400 systems in the banks operations. The
global contract with IBM was negotiated by Hongkong Bank on behalf of the HSBC
Group subsidiaries involved.
"IBM is committed to providing software solutions to financial institutions to
run mission-critical applications in an open environment, supplying the
flexibility they require to ensure long-term growth," commented Mark Elliott,
IBM's general manager for Worldwide Software Sales and Marketing.
Implementation of the project will begin in mid-1997 with the customer
counters, such as lending and mortgage services. Teller terminals in Hong Kong
will begin migration by the fourth quarter of this year, and will be completed
by 1999. Worldwide implementation is planned to be completed in the Year
2000.
"It is exciting to see this extension of the Hongkong Bank's strategic
partnership with IBM which was first established in the mid-1980s with a key
decision by the bank to base all of the overseas core banking applications on
IBM AS/400* systems," said Samuelson Young, general manager of IBM Hong Kong.
"Today, all overseas Hongkong Bank branches and subsidiaries rely on the
AS/400, with more than 100 units installed worldwide."
HSBC Group is one of the world's largest banking and financial services
organizations, with assets of $380 billion and more than 3,400 offices in 78
countries.
###
* IBM, OS/2, and AS/400 are trademarks or registered trademarks of IBM
Corporation.
All other product and service names may be trademarks and/or service marks of
their respective owners.
For Internet users, IBM offers complete information about the company, its
products, services and technology on the World Wide Web. The IBM home page
is at http://www.ibm.com. The fastest, easiest way to find any information
about IBM software is to go to the IBM Software home page at
http://www.software.ibm.com.
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