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TheStreet Open House

Micro Focus Teams With CSC To Deliver Comprehensive Software To Banking Industry

Micro Focus (LSE:MCRO.L), the leading provider of enterprise application modernization, testing and management solutions, today announced that CSC (NYSE: CSC), a global leader in providing client business and technology-enabled solutions and services, is using Micro Focus technologies to offer end-to-end enterprise software for banking, cards, payments and lending across a broader range of platforms and operating systems.

CSC’s Celeriti suite makes use of Micro Focus Server Enterprise Edition, which allows customers to select fit for purpose operating platforms based on their particular total cost of ownership, security, high availability and transaction volume requirements. Using Server Enterprise Edition, Celeriti is able to provide Linux, UNIX and Windows platforms for midsize and small banks, third-party processors, and global banks wanting multiple, in-country deployments using a single codebase. This flexibility provides CSC customers with a competitive edge by decreasing time-to-market and reducing overall risk.

“Micro Focus solutions help us deliver configurable, top-tier software functionality to banks of all sizes on a cost- effective platform,” said Paul Leadbetter, CTO, CSC’s Banking and Credit Services Division. “Our collaboration enables CSC to extend its offering to a broader range of platforms and meet varying banks’ cost, security and infrastructure requirements.”

“When banks decide to implement a new IT solution, it is critical that they exploit rich functionalities on a stable, cost-effective platform,” said Susan Drennan, Vice President of ISV Sales, North America, for Micro Focus. “We have worked closely with CSC to develop solutions that enable small and mid-size banks to run their core business software on the platforms of their choice to support ongoing innovation and long-term growth.”

Celeriti features a number of technology innovations including a Web portal that extends Web 2.0 technologies to the front and back office and provides a richer end-user experience through dynamic content delivery and personalization. Reusable SOA business processes and Web services enable easier integration and maintenance of systems, which allow banks to standardize their business processes across delivery channels to improve customer service. Celeriti’s business intelligence component and data warehouse centralize data across the enterprise, allowing banks to drive business strategies based on actionable information. Celeriti also includes business rules and parameters to rapidly launch new products and services, modify business processes and respond to regulatory and compliance mandates.

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