23 October 2017
Find out more

Svenska Handelsbanken applies Formula to business and IT performance

07 April 2004  |  3348 views  |  0 Svenska Handelsbanken applies Formula to business and IT performance

Swedish bank Svenska Handelsbanken is installing Virginia-based Managed Objects' business performance and IT infrastructure management software, Formula.

The bank will initally use the platform to monitor and manage the performance of three key services, beginning with its Web banking system.

Formula integrates management data from various sources and distributes it to relevant staff at the bank, providing a real-time view of how IT infrastructure resources are working to support key business processes. Svenska Handelsbanken says a pilot implementation of the product across it online banking service sharply reduced the time to identify any problems and helped to shield customers from any adverse impact.

Anders Johansson, head of central data production at Svenska Handelsbanken, says: "In past we have mainly been focusing on the technology perspective in what we are doing and how we are performing. For the future this will change as we will shift the focus to the critical business services we provide, what they consist of and how well we perform delivering those services."

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 stories

Reuters signs three to order management and execution tool

Reuters signs three to order management and execution tool

31 March 2003  |  4887 views  |  0 comments
Merrill applies business/IT management Formula globally

Merrill applies business/IT management Formula globally

24 May 2001  |  3768 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Register now visit www.innotribe.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19012 views comments | 26 tweets | 38 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15073 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10928 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

circa £250K total package
London

Find your next job