21 August 2017
Find out more

eBucks deploys GemStone data solution on Sun servers

29 May 2003  |  4778 views  |  0 eBucks deploys GemStone data solution on Sun servers

South Africa-based eBucks, the online banking arm of FirstRand Bank, is implementing an integrated data mangement solution from Oregon's GemStone Systems and Sun Microsystems.

The system will consist of GemStone's GemFire, a shared-memory solution that integrates and delivers data from multiple sources in real-time, which will be deployed on Sun's Fire 6800 servers and Solaris platform.

Vincent Coetzee, chief technology officer, eBucks, says: "We expect to save one-third of the maintenance and associated technology costs using a combined GemStone and Sun solution verses the traditional application server and relational database configuration."

Raj Kulkarni, chief technology officer, GemStone, says the system "will provide eBucks with the flexibility and scalability needed to support its current customer base and the explosive customer growth forecasts of two million users in the next two years."

eBucks provides more than 500,000 customers with a variety of services, including retail banking, vehicle and home financing, a customer appreciation programme and an online shopping solution through redeemable eBucks currency.

On a monthly basis, the eBucks system - which already uses GemStone caching technologies - processes some $400 million worth of payments and averages one million log-ons. The four-year old operation moved into profitability within two years of opening - a full year ahead of schedule.

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

Sun technology to underpin Cbot Liffe Connect platform

Sun technology to underpin Cbot Liffe Connect platform

04 April 2003  |  4010 views  |  0 comments
Sun signs 78 to Kirchman's Bankway

Sun signs 78 to Kirchman's Bankway

01 April 2003  |  3442 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10887 views comments | 24 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9110 views 0 | 5 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
8994 views comments | 21 tweets | 25 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8983 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8755 views comments | 10 tweets | 8 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job