Sybase IQ analytic engine offered with NEC BankingWeb21

Sybase IQ, the company's highly scalable analytic database engine, will be offered with NEC's BankingWeb21. With this expansion of the long-standing partnership between Sybase and NEC, both companies will provide resources engaged in joint sales and marketing efforts. This solution complements a full range of products and services focused on the needs of Sybase financial services customers, which include more than 200 of the world's largest financial institutions, 90 percent of the world's securities firms and 60 percent of its banks.

"Sybase has become an indispensable provider of software solutions to the financial services market, which demands integrated solutions that provide security, high availability and real-time information delivery, as well as reduce the IT infrastructure costs and streamline business processes," said John Chen, chairman, CEO & president, Sybase. "By enabling financial services organizations to manage and analyze critical information in real-time on an open, scalable platform, the combination of Sybase IQ and BankingWeb21 gives joint customers the ability to increase both their ROI and competitive position at an exceptionally low total cost of ownership."

Sybase IQ enables transaction-heavy financial services institutions to rapidly analyze data for improved business performance. Sybase IQ compresses data up to 60 percent, offers scalability to support thousands of users and terabytes of data, and improves ad hoc query performance up to 100 times over traditional databases. This functionality will complement the strengths of NEC's BankingWeb21, including: an open, scalable platform for online transaction processing (OLTP); ease of integration, resulting in significantly reduced deployment costs compared to other core banking platforms; a settlement solution; and outsourcing and systems integration services. Sybase and NEC have also started evaluation of Sybase Real Time Data Services, the first solution to proactively deliver information from heterogeneous databases the moment business-critical data changes. Together with partners such as NEC, delivering accurate, relevant information at the point of action, when it's needed is how Sybase enables companies unwire their enterprise.

"Sybase is one of the leading companies in the market in that it provides an end-to-end solution which strengthens the ability of financial services institutions to meet the entire spectrum of concerns, from data management and business intelligence, to mobility and compliance," said Toshiro Kawamura, senior executive vice president and member of the board, NEC. "Sybase IQ is excellent technology, unique in the marketplace and with Sybase as one of our excellent partners, we further strengthen our comprehensive solution that allows us to address the unique business challenges faced by financial services institutions while also providing the ability to integrate and extend existing information systems investments."

Availability

BankingWeb21 utilizing Sybase IQ is available to customers through NEC.