Credit Suisse is using service-oriented architecture to create a global IT infrastructure for full integration of its operations and processes across all 50 countries where it has a presence.
Under its long-term One Bank vision, the Swiss investment bank has begun to link up its investment and private banking operations, and is using WebLogic Server 9.2 and Portal, service oriented architecture systems from BEA, to enable the roll-out of a key Java application platform in Europe, Asia and the US.
The bank is already using the Java platform in its Zurich headquarters to manage around 250 applications, and now plans to roll it out to its regional IT centre in New York following a successful implementation in Singapore.
The logic behind moving to a global Java application platform is to enable the firm to develop software and then roll it out internationally, said Roger Süess, global head web enterprise platforms at Credit Suisse.
“Now we can develop an application anywhere and use it worldwide. In the past everything had to be reprogrammed three times or developed from scratch before we were able to use an application at a new location,” he said.
Credit Suisse has calculated a time saving of several months for each project, meaning the move to a shared global platform is giving it drastically lower operational and development costs.
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