Sun Microsystems Inc., Informix Inc., and Tibco Finance Technology Inc. are teaming up to build a global treasury applications infrastructure for Standard Chartered Bank, London.
Officials said the bank would operate one of the first such data repository systems in the world. It would be designed to meet regulatory requirements for risk management and consolidated reporting on a global basis.
Standard Chartered's management would get a view of global exposure to market and credit risk with the assurance to trade within its capital requirements.
The bank will use Informix's Dynamic Server which runs on Sun Microsystems' Enterprise Servers. Tibco's enterprisewide guaranteed- delivery messaging system will be the middleware for connecting Standard Chartered's systems and networks around the world. Telecommunications hubs will be located in London, Hong Kong, and Singapore.
Carl Ricketts, group head of information technology infrastructure at the bank, said, "It has become essential to build a real-time data repository and messaging architecture to meet the increasing demands of global competition and the new regulatory requirements."
The vendor consortium "will enable us to achieve this goal, and we look forward to the benefits the new solution will bring to the bank," he said.