AIB Bank Selects PolarLake as Key Integration Technology
Published March 17, 2008 / Press Releases
PolarLake and AIB Bank today announce that PolarLake has been chosen as the central integration and data distribution technology for AIB’s core Banking replacement programme in Ireland and the UK. Working with i-flex® FLEXCUBE® and IBM® WebSphere® on the IBM System z™ mainframe platform, PolarLake will be used to enable a seamless transition from the older core Banking applications to the new i-flex system. PolarLake will also enable the channel applications (Branch, Internet, ATM and Call Centre) to be hidden from the complexity of the core Banking transition.
John Randles, PolarLake’s CEO commented: “We are delighted to have been selected by AIB Bank for this high profile project, against a host of international competition. This decision reflects on PolarLake’s demonstrated success in mission critical projects across Financial Services. PolarLake has proven itself to be very resource efficient on the mainframe; it has the ability to handle the volumes in production and is the only mainframe-capable XML based integration product that handles both real time transactions and batch processes. These are key requirements for core Banking replacements and our low latency, patented XML pipelining technology proved to be a key differentiator.”
Jack Molony, IT Executive, Enterprise Banking Systems, AIB Group commented: “As part of our Retail Banking transformational programme, we have a clear requirement for a layer that performs high-speed routing, transformation and protocol-switching between all of our channels and our current and planned new back-end Accounting Systems. The purpose of using PolarLake is to provide a new Services Oriented Architectural layer for our multiple channels so that we are insulated from the changes taking place in our Core Banking system.”
About PolarLake
PolarLake enables firms to deliver on the full promise of EDM, integrating into downstream systems with 75% less time and 80% less resources than generic ETL products. Its flagship product, PolarLake RDD (Reference Data Distribution) is a domain specific Integration application built to manage to end-to-end process of Reference Data Distribution.
PolarLake RDD provides unique capabilities for Business Operations, Business Analysts and Technology to manage and control Reference Data Distribution. PolarLake has been recognized by Industry Analysts as a leader in its space, named by Aite as the most packaged Reference Data Distribution solution and included in the Gartner visionaries’ quadrant. PolarLake’s clients include Global Sell side, Buy side and Asset Servicing Institutions.
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