Sumitomo Mitsui Banking Corporation standardises on Sanchez Profile
13 August 2001 | 1180 views | 0
Sumitomo Mitsui Banking Corporation (SMBC) has converted its global corporate banking customer and deposit operation in Brussels to the Sanchez Profile integrated and real-time banking solution.
SMBC, the newly merged entity of Sumitomo Bank and Sakura Bank (April 2001), acquired a license for Sanchez’ Profile banking solution in 1998 as part of then Sumitomo Bank’s Global Information System (GIS) initiative.
"In a global corporate banking environment, there is a tremendous amount of transaction activity associated with each account on a daily basis," says Jim McHale, Sanchez implementation manager for SMBC. "Inherently, SMBC’s business requires fast, real-time processing as well as account, customer and third-party system integration."
Each corporate banking office uses Profile for Windows as the branch front-end processor. Each office is networked to the host facility. As part of the GIS initiative, Profile’s open architecture supports real-time interfaces to a third-party lending system, payment system, some legacy system components and an Oracle general ledger system.
Sanchez successfully converted SMBC's New York City office in 1999 and London in 2000. The next phase of SMBC’s GIS rollout calls for Sanchez to implement Profile solutions for the bank’s global offices in Dusseldorf, Germany; Los Angeles and Paris.