by Richard Gincel

2006 InfoWorld 100 Awards: Financial Services

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Nov 13, 20069 mins

www.abnamro.com eGain Implementation, Customer Service Initiative Project Lead: Milton Santiago, Vice President, eBanking Project Description: AASC integrated eGain customer interaction system with an array of existing customer data and transactional systems so that service requests can be processed intelligently, and a complete view of the customer, including multichannel interactions, were kept in one place for more efficient customer service. The rollout potentially affected 4,000 wholesale banking clients, many of them senior professionals managing billions of dollars of transactions.

Austin Ventures www.austinventures.com

Server Virtualization

Project Lead: Dave Benton, Vice President of IT

Project Description: Set up servers with teamed network cards and trunked switch ports, combined with a Xiotech Magnitude 3D 3000 storage system. Austin Ventures had used an older Xiotech system since 2001 and was pleased with Xiotech’s service and support, but it was time to upgrade to newer technology. The Magnitude 3D 3000 system provided more expandability and ease of use, in part by not requiring any server-side software. The company implemented the system using IBM’s BladeCenter, VMware ESX Server, and VMware Server for virtualization over the network.

Capital One www.capitalone.com

Infrastructure Transformation Project Lead: Rob Alexander, Executive Vice President, Program Helix

Project Description: Overhauled the hardware and software that controls billing, call center operations, and other core systems to reduce delivery time of new products and services. At the core of this project is a suite of integrated applications developed by Total Systems.

Cooke & Bieler www.cooke-bieler.com Business Continuity and Data Protection Project Lead: Asha Joshi, Information Technology Manager Project Description: Launched a three-pronged business continuity plan with the help of Iron Mountain to assure the secure management and offsite storage of information. It selected Iron Mountain’s LiveVault server backup and recovery solution. With LiveVault’s two-tiered approach, data is first backed up onsite to NAS and then sent to Iron Mountains’ server offsite. This saved bandwidth, making the backup activity transparent to users. The IT team also gained instant retrieval access to records.

Credit Suisse www.credit-suisse.com/us/en Unified E-mail System with Chargeback Capability Project Leads: Robert Ellis and Urs Käser, Information Technology Project Leads Project Description: Credit Suisse created a standardized internal chargeback methodology for e-mail usage. It consolidated three business divisions onto two Exchange 2003 platforms. Then the bank created a detailed business-driven reporting structure that would support chargeback based on actual system usage by individual employees and departments. Credit Suisse then developed custom scripts to connect it with their HR system, allowing accurate and detailed system usage tracking and business modeling by business division, department, and location.

Finetre Corporation www.finetre.com Agile Development as an ASP Project Lead: Tom Christian, CIO Project Description: To enable their agile development process, Finetre implemented VersionOne’s suite of applications, which allows all project stakeholders to work together in coordinating project plans, priorities, and progress.

First American www.firstam.com IT Operations Consolidation Project Lead: Evan Jafa, CTO Project Description: Implemented ITIL-based processes that keep the focus on business outcome while streamlining operations. Mercury solutions were implemented to provide increased visibility into the infrastructure, including the following: Mercury testing solutions, to understand how changes and new applications will behave, function, and perform; Mercury monitoring services, which are critical when availability is the objective; and Mercury’s IT Governance, used to provide visibility into IT processes.

FirstMerit www.firstmerit.com Storage Consolidation and Virtualization Project Lead: Dave Samic, Senior Network Analyst Project Description: FirstMerit consolidated its server operations from branch offices to a centralized datacenter. To better manage its storage needs, it also deployed a SAN and IBM’s TotalStorage SAN Volume Controller virtualization solution, including IBM TotalStorage DS4400 storage systems and IBM eServer BladeCenters. Two full-time employees manage the center’s 250 to 300 virtualized servers. That’s allowed the staff of 20 to focus attention on application support and other vital areas. In the long term, moving to virtualization has also insulated FirstMerit from fast-rising operational costs such as electricity.

Goldsmith Agio Helm www.agio.com Network Implementation and Comprehensive Communications System Project Lead: Chris Ferski, Vice President, Information Technology Project Description: Deployed Nortel Communication Server 1000 system in its Minneapolis headquarters, which delivers IP PBX services over the company’s IP LAN/WAN, such as four-digit dialing with no toll charges between sites. Nortel layer 3 switches and SRGs (Survivable Remote Gateways) in New York, Chicago, and Los Angeles were also deployed to extend virtual office capabilities across the network. Furthermore, the Communication Server 1000 platform includes the support of an extensive range of calling and e-mail features.

HSBC Bank Brazil www.hsbc.com Back-End Fraud Detection Initiative Project Lead: Andre Damiano, Director of Fraud Project Description: Implemented PhishingNet to aid in the security of account log-in and activity monitoring for online banking. Invisible to end-users, it requires no user registration nor the use of cookies, tags, or software downloads. PhishingNet by The 41st Parameter, a vendor, invisibly collects more than 41 parameters from devices visiting a Web site and uses them to differentiate and recognize individual machines regardless of past registration, credentials, or IP address.

Merlin Securities www.merlinsecurities.com High-Performance Computing Initiative Project Lead: Amr Mohamed, CTO Project Description: Outclassed competitors in the prime brokerage industry by providing next-generation attribution analysis and reporting technology to hedge fund managers. Incorporating various Brinson models and several multiple-period linking methodologies, the system provides single- or multiple-prime portfolio analysis. Merlin eliminated the typical overnight batch-production report-generation cycle, allowing its clients to access all reports dynamically the same day. Additional customization includes all standard classifications and user-defined customized bucketing. All trade data is taken in at the tax-lot level, and performance is calculated using the Daily Exact methodology.

Nationwide Insurance www.nationwide.com Centralized Financial Master Data Management Initiative Project Lead: Vikas Gopal, Assistant Vice President, Financial Operations Project Description: Data management system transformed 240 ledger-related systems and the data stored in each into a single, enterprisewide ledger by leveraging master data management software from Kalido and ETL from Informatica. Standardized reports can be generated from several of the reporting options available in the Hyperion Reporting Suite.

PHH Mortgage www.phhmortgage.com Joint Venture Warehouse Project Lead: Dee Kazokas, Senior Project Leader Project Description: Leveraged the company’s existing loan warehouse system and infrastructure to develop a system allowing funding through the new JV Warehouse. (A funding warehouse provides temporary funding for mortgages while an investor is found.) PHH Home Loans has seven subsidiary mortgage companies. Each closes thousands of mortgages yearly and has its own system to manage origination and funding. The project integrates the activities of these companies and PHH Home Loans for the warehouse facility, including the daily intake of loan closing, sales to investors, and reporting back on net funding changes.

Rexam www.rexam.com VoIP Rollout; Global DNS/DHCP Infrastructure Overhaul Project Lead: Steve Bickmore, Manager, Global Directory Services and Security Project Description: Implemented changeover in two phases. Rexam supports two principal internal domains: Rexam.net and a subordinate called Global.rexam.net. Internal DNS authority for Rexam.net was moved from Active Directory to the Infoblox appliances in Phase One, which included deployment of eight Infoblox-1000 appliances with the DNSone package, replacing the previous general-purpose server/operating system solutions. The appliances are deployed in four high-availability pairs across Rexam’s regional datacenters, these being linked into an ID grid using the Infoblox Keystone upgrade on each device. This unified, gridwide management simplifies administration, while powerful features such as one-button, systemwide software upgrades lower operational expenses and increase uptime. Phase 2 will leverage the global grid further, with a phased deployment of appliances to manufacturing environments, managed service locations, and divisional HQs. The built-in IPAM (IP address Management) and DHCP (Dynamic Host Configuration Protocol) capabilities provide reporting and control over IP address utilization without the need for separate hardware or software. This enables Rexam to implement an identity-driven network that is an ideal unification platform for network access security and advanced IP applications, such as its Cisco-based wireless and VoIP implementations.

SunTrust Banks www.suntrust.com Compliance Initiative Project Lead: David Rowan, Senior Vice President and Director, Technology Risk Management Group Project Description: Audit readiness with full-time staff dedicated to facilitating audits against a legion of regulations that affect SunTrust’s business: Sarbanes-Oxley, Gramm-Leach-Bliley, the Anti-Money Laundering Act, the Bank Protection Act, audits from the Federal Reserve and Securities and Exchange Commission, and internal and third-party audit teams.

TrueCredit www.truecredit.com SOA Initiative Project Lead: Scott Metzger, Architect and CTO Project Description: Built application management around an SOA to deliver real-time end-to-end service management. Integrating with application servers and databases so that the department could deal with spikes in Web traffic was also important, as was the monitoring of response time for transactions. The goal for this project was to better align the company’s IT infrastructure to meet business needs, including stringent SLAs and efficient regulatory compliance. To accomplish this, TrueCredit refined its homegrown SOA (service-oriented architecture) with solutions from BEA WebLogic, OpTier, and ClearApp.

Wachovia www.wachovia.com Application Virtualization Project Lead: Tony Bishop, Senior Vice President and Director of Product Management Project Description: The Wachovia Corporate and Investment Bank division partnered with DataSynapse. Wachovia implemented DataSynapse GridServer and FabricServer software to virtualize transaction-oriented applications across a shared infrastructure of data resources. Creating a run-time execution environment, Wachovia reallocated processing power among its multiple location datacenters. DataSynapse uses existing, underutilized computing resources to generate improved levels of application performance, scalability, and reliability. Wachovia can process trades of increasing volume and complexity. By moving transactional applications to a virtual infrastructure, Wachovia gained better report turnaround time and greater trading volume and simulation.

Wall Street On Demand www.wallst.com Stream Processing Engine for Real-time Market Analysis Project Lead: John Leslie, CTO Project Description: Implemented StreamBase to better query, process, and analyze real-time and historical data — at rates as fast as hundreds of thousands of messages per second. By leveraging StreamBase, WSOD was able to test a new alerting system within four or five days. Once testing was successful, WSOD then focused on maximizing the number of end-user portfolios it could run through StreamBase. WSOD runs entirely on Microsoft with two datacenters housing about 500 servers running a mix of Microsoft Windows 2000, Windows 2003 Server, and SQL Server.

2006 INFOWORLD 100 WINNERS Top 10 Finalists Computing/Tech                                          Distribution/Supply Chain Education                                                      Financial Services Government                                                  Health Care Insurance                                                      Manufacturing Media/Multimedia                                        Pharmaceuticals Retail                                                              Services Sports                                                             Telecommunications Transportation                                              Unspecified