CXO

Financial Services Company Gains Competitive Edge With Help From IT Experts

Date Added: Oct 2009
Format: HTML

SinoPac Holdings is the fourth-largest, privately-owned financial entity in Taiwan. It has more than U.S.$30 billion in total assets and its subsidiaries include a broad-range of financial services - from banks and credit cards to venture capital and financial consulting. The company uses information technology as a strategic tool. The company recognized that its core banking system, which was developed using COBOL programming language on a mainframe computer, no longer met its requirements and hindered its ability to remain competitive. SinoPac chose a new core banking system built on Windows Server 2008 and Microsoft SQL Server 2008. The Microsoft Technology Center helped SinoPac select a vendor and develop a proof of concept, while helping the company improve its understanding of the technology.