23 October 2017
visit www.response.ncr.com

Unicredito extends data network with Cisco to comply with Basel II

05 February 2004  |  5197 views  |  0 Unicredito extends data network with Cisco to comply with Basel II

Italian banking group Unicredito is installing technology from Cicso Systems to extend its data storage network using IP and to comply with Basel II regulations on business continuity.

Cisco's MDS 9000 Series of Multilayer Intelligent directors and IP Storage Services Module will be installed as part of the bank's project to extend its business continuity strategy using fibre channel over IP (FCIP) network technology.

Cisco says the new implementation will help ensure the availability and back-up of business-critical data. The technology will enable Unicredito to transport high volumes of storage and LAN traffic over a single converged wide area network using IP.

Under the first phase of the project, Unicredito connected its data centres using Cisco Catalyst 6500 series switches and a 10 Gigabit Ethernet wide area link for high-volume data replication over distances of up to 180 kilometres.

The Cisco MDS 9000 technology will help the bank to capture fibre channel traffic, using FCIP connectivity from its Cisco MDS 9000-based SAN infrastructure, and transport it over an IP network to remote SAN data centres.

Marcus Chambers, operations director, storage networking at Cisco EMEA, says: "As the Basel II initiative becomes more defined, an increasing number of financial institutions are realising that IP represents a cost-effective way to help ensure business resilience as well as comply with the Basel II guidelines."

News of the deal comes as the tech bellwether helped push down US markets yesterday, posting lower than expected second quarter profits and talking down prospects for any imminent recovery in IT spending.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.com visit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19008 views comments | 26 tweets | 38 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15069 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10924 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
8953 views comments | 14 tweets | 28 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job