This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IBM Helps Indonesia's Bank Ekonomi Raharja Manage Rapid Growth

JAKARTA, Indonesia and ARMONK, N.Y., Nov. 21, 2012 /PRNewswire/ --  IBM (NYSE: IBM) today announced HSBC-owned Bank Ekonomi Raharja (BER), one of Indonesia's leading financial institutions, has upgraded its core banking system with IBM Power Systems servers and enterprise-level IBM System Storage DS8700 products. BER's new infrastructure enables the bank to streamline its businesses processes and expand its services to meet the demands of a rapidly growing customer base.

(Logo:  http://photos.prnewswire.com/prnh/20090416/IBMLOGO)

Indonesia, with an estimated population of 240 million people, is the world's fourth most populous nation and is one of the fastest growing economies in Asia.

BER, acquired by HSBC Holdings in 2009, turned to IBM earlier this year to put in place a high performance and flexible technology infrastructure to help meet its evolving needs.

"BER recognizes the role of technology in transforming operations and enabling growth," said Endy Abdurrahman, Credit and Operational Risk Director Bank Ekonomi. "This key improvement in our IT infrastructure will strengthen our business performance, which in turn will help us provide advanced client service as well as adhere to compliance regulations. Specifically, the capabilities of IBM Power Systems and the DS8700 enterprise storage products support our growth plans and helps us drive efficiencies while enhancing client service."

IBM maintains a strong presence in Indonesia with nine branches, including the recently announced branch office in Bandung.

Suryo Suwignjo, President Director of IBM Indonesia, said, "The new infrastructure in place enables BER to improve access to financial services for rural households and businesses and to bring innovative services such as mobile and online banking to remote regions of Indonesia, including populations currently not served."

Under the agreement signed in June, IBM provided and implemented a solution consisting of IBM Power 770 and Power 750 systems, together with the DS8700 enterprise storage and i-HA clustering.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,040.37 +29.69 0.16%
S&P 500 2,111.73 +4.34 0.21%
NASDAQ 5,082.9290 +12.9030 0.25%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs