A bet by Sanchez Computer Associates Inc. that it could ease major banks off their mainframe-based core processing systems is paying off within ING Group.

In the first step of a global conversion, the Dutch financial services giant's Hungarian banking unit has successfully switched from mainframe- based data processing to Sanchez's Unix-based Profile system.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.