Tracking enterprise technology transformation
EastWest Bank selects HP to gain competitive advantage
PALO ALTO, Calif., July 8, 2013 — HP today announced that EastWest Bank, one of the fastest growing banks in the Philippines, has selected HP Converged Infrastructure to provide a modern, flexible and agile foundation to keep pace with business demands and transition to private cloud.
Established in 1994, EastWest Bank has successfully competed with large multinational banks to become one of the largest credit card issuers and providers of auto loans in the Philippines. Technology upgrades to support new client services, including a new automation program, have been instrumental to the bank’s success. However, the company realized that its legacy IT infrastructure hindered productivity. This included an end-of-day financial system closing process that required a minimum of six hours to complete.
After evaluating solutions from IBM and EMC, EastWest Bank selected HP Converged Infrastructure to streamline IT operations, reduce costs and scale its IT infrastructure in response to increasing customer transactions.
The upgraded infrastructure includes the HP 3PAR StoreServ T400 Storage System, for scalable, flexible and cost-efficient storage. EastWest Bank also deployed HP ProLiant DL360 Servers to optimize performance per watt and square foot, while maximizing power efficiency with shared power supplies.
“Our previous system didn’t give us enough flexibility to meet our daily business needs; the infrastructure was limiting because we were unable to allocate storage between systems,” said Randy Evangelista, vice president and head, Information Technology Group, EastWest Bank. “By implementing HP Converged Infrastructure, we’ve taken an important step towards building a private cloud and delivering a dynamic and flexible IT environment that can keep pace with our business demands.”
It’s always great to see how companies are leveraging technology to meet their business objectives, this announcement illustrates how this bank is leveraging HP’s Converged Infrastructure offering including their StoreServ and Proliant servers to improve scalability and power efficiency, very cool.
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