Financial services customers benefiting from SQL server

by Giselle N
The article I read this week dealt with how financial services customers are benefiting from Windows Server OS and Microsoft Server SQL. A company called, Skandinavisk Data Center (SDC), which services more than 150 banks is hoping to save around 20 million dollars annually by switching from its mainframe platform to Windows Server OS and SQL server. Not only are these systems helping to reduce costs, but also improve operational efficiency. For example, Microsoft along with Temenos Group AG, have come up with Temenos (T24) which is a banking system enhanced for SQL server. When performing a demonstration of the system, the mock-up bank consisted of 25 million accounts, 15 million customers across 2,000 branches. The system was able to process “3,400 transactions per second and averaged more than 5,200 interest accrual and capitalizations per second during the close of business processing.” Some banks in Taiwan, Australia, and New Zealand are some of the first to start using T24 and show improvements. Furthermore, in 2011, SunGard and Microsoft partnered up to demonstrate the performance and range of Front Arena, “a global capital markets solution that delivers electronic trading and position control across multiple asset classes and business lines”, on Microsoft SQL Server 2008 R2. The test involved real life financial workloads, running the software on hardware usually found in datacenters. As a result of the demonstration, Front Arena running on Microsoft SQL 2008 R2 did very well even going beyond the team goals. This was able to validate that the server can deliver performance, range and value companies expect from their trading platform.

I found this article to be highly informative. It’s interesting and impressive to know the many uses that people and companies can benefit from using the SQL server. It’s kind of intimidating using software for our class projects that has this much range and scalability and is being using by large companies for real world workloads. At the same time, it’s interesting to be learning it and know how much it can potentially help us in our careers.

 

Microsoft reports on customer results with windows server OS and microsoft SQL server database. (2011). Professional Services Close – Up, , n/a. Retrieved from http://search.proquest.com/docview/893964395?accountid=10357

3 thoughts on “Financial services customers benefiting from SQL server”

  1. The SQL server probably not only serves the customers well but the owners as well because it is so useful.It might be over whelming to use that type of technology. Using sophisticated software may be intimidating, but that is what some of us are getting into when we decided that we wanted to work in this industry. All we have to do is just get used to the software and live with it because it is not going anywhere until something better comes along, which may in fact may be more complicated than the previous one.

  2. This article is very informative and impressive in explaining the magnitude of services which can be delivered by this software. The feeling is mutual when referencing the scalability in which companies are using it. I'm actually pretty glad that we are able to learn something that is still current and hopefully it will still be current by the time we graduate.

  3. Although this particular article is only referring to the servers of banking systems, I am weary of so much digital conversion of financial services. There are more horror stories of the downfalls of these kinds of transitions then there are stories of unabridged success. Google Wallet is good example.

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