World VoIP NewsPortugese Bank selects Cisco cloud VoIP solutions for strategic optimization of assets  Portugese Bank selects Cisco cloud VoIP solutions for strategic optimization of assets

Portugese Bank selects Cisco cloud VoIP solutions for strategic optimization of assets


Portugese Bank selects Cisco cloud VoIP solutions for strategic optimization of assets
Telephony giant Cisco announced that Portuguese largest bank Millennium bcp has selected Cisco cloud based telecommunications technology for deployment in matters of data centre optimization needed to support application development, make more handy overall management and cut total expenses of ownership while increasing business operational versatility and effectiveness. The dedicated development team is responsible for normal deployment and support of business applications that are the platforms for bank's services.
Cisco cloud computing technology deliver a real tool for development team, drastically decreasing the application time to market for new services. Millennium is bank with reported 100 billion euros in assets, about 2000 offices in Portugal and at other international locations. This is one of the very first projects in the country to deploy the architecture for a virtualized dynamic data center, including a private cloud, where Millennium bcp will operate in an infrastructure as a service (IaaS) mode. Hardware required to develop new projects and the services are delivered from Portugal Telecom, and Millennium bcp will be massively improve the flexibility of its business operations, supported by unsurpassed scalability levels, offer flexible services and make efficient use of energy, physical space, and the total cost of investment. Also development team will be able to implement IaaS for each new application. With this attitude they will use standardized hardware and software pre-negotiated without the need of using the procurement department for every single process. By means of this model the customer will be able to enjoy self-service capabilities where users can add storage capacity without any additional activities. Users can also change agreements for support and recovery service levels if necessary. This solution allows users to share the same infrastructure, network or storage resources without jeopardizing sensitive information. Millennium bcp will be handled the tool of more adequate cost management, while improving the response to the development team through a better usage of resources and provisioning. This will lead to an improvement on the project's time-to-market, and to an increase on the development teams' productivity while massively minimizing the operational risk. Millennium bcp is the very first corporate level customers to adopt a cloud-based model, built on Portugal Telecom's cloud infrastructure. In this case, Millennium bcp will use a private cloud model. Portugal Telecom collaborated with Cisco to design and build its underlying cloud computing infrastructure, based on a brand new-data center. The key driver for this new model was the existence of a large quantity of equipment that no longer met the technological requirements, and was not being used at full capacity. The new cloud-based model proved to be the most appropriate from a cost, management and productivity perspective. Carlos Alves, CIO, Millennium bcp stated "We are looking forward to change some of our organization foundational principles. We are quite sure this will serve as a benchmark for improving operations, bringing increased agility and flexibility to the bank, while helping control costs. It will also release internal resources from commoditized tasks, allowing Millennium bcp's employees to focus on the core business." Wendy Mars, director Data Centres and UCS, Cisco added "The data center is constantly evolving to meet employee expectations for accessing networks, applications and information anywhere at any time with any device. Cisco's approach to infrastructure allows for this change and the delivery of new, not-yet-enabled services. With the announcement of this project, Millennium bcp is taking a pioneering step forward by embracing new technology such as virtualization, cloud computing, desktop virtualization and a unified data center infrastructure, which will see a number of benefits, including economic efficiencies, differentiation from competitors and crucially, being able to meet their employee expectations while simultaneously helping to meet their own business goals."


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