Indian Overseas Bank selects Thin Clients for International Branch Operations in Singapore

Misys Banking Systems supplies over 1,200 customers in 120 countries, among them 49 of the world's top 50 banks, with software and solutions for retail banking, wholesale banking, treasury & capital markets and risk management. It has 2,600 staff including implementation and customer support teams in over 28 countries.

• Indian Overseas Bank in Singapore has selected integrated core banking solution, Misys Midas Plus, to introduce new products and client services to support business expansion, deliver new levels of customer satisfaction and improve operational performance while enabling market leading international standards in accounting and regulatory compliance & controls.

  Indian Overseas Bank was the first India based bank to commence operations in Singapore more than 60 years ago and provides a comprehensive range of banking services; specialising in retail banking, trade finance and a wide range of remittance facilities to India. The bank will benefit from a market proven suite of fully integrated banking application modules, including Misys Trade Innovation for trade finance, Integrated Finance Manager (IFM) for Internet banking, Cashier for branch teller services and sophisticated capabilities for Watch List Checking and Suspicious Activity Monitoring.

  Midas Plus offers the bank “at a glance” single click consolidated customer centric views for managing risk and informed decision making through a highly customisable user interface delivered via web browser. The combination of IBM iSeries and thin client GUI delivers unrivalled system security and flexibility, leveraging use of existing hardware.

  “We undertook a comparative review of core banking solutions in the market,” comments Narayana Moorthy, CEO of Indian Overseas Bank. “A key consideration in choosing Midas Plus is Misys’ unrivalled track record of successful implementations. We felt most confident that the combination of a fully integrated proven Midas Plus solution together with the experienced local Misys team offered the branch a winning combination of a functionally rich, low risk delivery approach to meeting our needs.”

  Multiple vendors, including Temenos, Infosys and China Systems, were considered during the evaluation and bid process. Misys Midas Plus was selected for its proven capabilities and reliability in core banking processing, powerful liability management, audit controls and the ability to provide the bank with a consolidated view of its customer base. It will also enable the bank to meet fully with MAS requirements for regulatory compliance including AML.

  “Our local team of banking consultants worked well with Indian Overseas Bank staff to identify business critical opportunities for improvements in operational effectiveness. The project is already underway and we will deliver an unrivalled depth and breadth with Midas Plus that IOB can leverage to drive substantial improvements across their business”, adds Reid Warren, Head of Sales for SE Asia, Misys Banking.

1000 MBPS Thin Client

Have you ever wondered why non of any big Thin Client vendors have yet launched 1 Gbps Thin Client.

Well, the reason is quite obvious, and that is the Thin Client technology itself.

Thin Client technology works on following BASIC PRINCIPLES:

1. Keystrokes and Mouse movements are sent from the
CLIENT to the SERVER PC.

2. The Server does ALL THE PROCESSING, on behalf of CLIENT.

3. Then SERVER send "BITMAP IMAGE" of the screen for the
client.

From above Principles you can draw following conclusions.

1. If you Open "a 500 MB file" on a thin client
PC, 500 mb is not going to FLOW FROM SERVER TO CLIENT.

2. It is only images of the apps that will flow from
the SERVER to the CLIENT machine.

3. ONE OF THE MAJOR BENEFITS OF THINCLIENT TECHNOLOGY
IS "VERY VERY LOW REQUIREMENT OF BANDWIDTH"

4. This is the reason, when people want to use
applications in WAN Connectivity, they use
Thin Client technology.

We are not even using 100 mbps:
-------------------------------------------------
Yes that is true, when we use ThinClients
We generally use 20-200 kbps "YES KBPS"

Actually Network bandwidth is not bottleneck for
ThinClient Technology. BottleNeck may be your SERVER.
So if you want MORE SPEED, GET FASTER SERVER.

So if someone is telling you speed of ThinClient
is better because of 1GBPS, then,
NOTHING CAN BE MORE FAR FROM TRUE, than this.


Pl. understand the technology before using / buying selling it.

If you spend some time to understand it, you will end up using
It much better and efficiently.

If you any doubts / queries regarding above, pl. write to me
I WOULD LOVE TO DISCUSS (OR DEBATE) ON THIS issues.