Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that a combination of Red Hat and JBoss solutions are providing a high-performance, flexible and efficient platform for Banka Koper's innovative online banking solution, Banka IN. Red Hat Enterprise Linux and JBoss Enterprise Application Platform on HP BladeSystem were selected to avoid vendor lock-in, reduce costs and provide the scalability to adapt to continued business growth.
Banka Koper, the sixth largest Slovenian bank based on revenue, maintains 52 branches in Slovenia and 830 employees across the country. It serves more than 150,000 consumer and business customers, and offers a wide range of banking services and products for households, small entrepreneurs, small and medium-sized enterprises, large companies and institutions. Approximately 87 percent of all of the bank's transactions are conducted via online banking. For corporate customers, nearly 90 percent of transactions occur online.
To continue its established history as a technology innovator in the Slovenian market, Banka Koper launched the Banka IN online banking solution to increase loyalty and reduce risks for its banking customers. In selecting the technology with which to build the online solution, the bank looked for secure, reliable, high-performance technology. It also needed a solution that could integrate chip and pin technology and authentication within the Banka IN platform.
Initially, the in-house Banka Koper IT staff selected a proprietary platform for Banka IN development. After one year, the team was unsatisfied with the slow pace of development, high costs, inflexibility and poor documentation associated with the previous solution. The team decided to look for an alternative, and selected Red Hat Enterprise Linux and JBoss Enterprise Application Platform for the solutions' performance, reliability and support benefits. After 20 months of development, Banka Koper launched its Banka IN platform on an open source stack combining the Red Hat and JBoss solutions on virtualized HP BladeSystem. The Banka IN project consists of an online banking solution, CRM and an electronic signature system for all distribution channels.
"Red Hat's open source platform is the right solution for Banka Koper. It is in line with our business strategy to become independent of any technology platform, allows us to develop our own solutions, and stay at the forefront of technology innovation," said Mojca Plahuta, director of Information Technology Division at Banka Koper.
With the combination of Red Hat and JBoss enterprise solutions, Banka Koper has experienced reduced costs, flexibility and scalability. It delivered its online banking solution quickly and reliably to customers, and Banka IN was established as the first comprehensive online banking service in Slovenia.
"Cost savings are definitely evident with our new Red Hat-based solutions," said Plahuta. "This is just the beginning of our success story. We've gained a lot of knowledge in the process of deploying Red Hat solutions and this knowledge represents an important asset to our bank. It will also reduce training times in the future and allow us to do more with our technology resources."
Banka Koper aims to secure 25,000 new customers over the next three years through Banka IN, and plans to move additional services online to increase its cost savings and innovation.
To read the full Banka Koper case study, visit www.customers.redhat.com.
For more news about Red Hat, visit www.redhat.com. For more news, more often, visit www.press.redhat.com.
For more information about Banka Koper and Banka IN visit www.banka-koper.si and www.bankain.si.
About Red Hat, Inc.
Red Hat, the world's leading open source solutions provider, is headquartered in Raleigh, NC with over 65 offices spanning the globe. CIOs ranked Red Hat as one of the top vendors delivering value in Enterprise Software for five consecutive years in the CIO Insight Magazine Vendor Value survey. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with applications, management and Services Oriented Architecture (SOA) solutions, including JBoss Enterprise Middleware. Red Hat also offers support, training and consulting services to its customers worldwide. Learn more: http://www.redhat.com.
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Red Hat is the world’s leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.
- Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to delays or reductions in information technology spending; the effects of industry consolidation; the ability of the Company to compete effectively; the integration of acquisitions and the ability to market successfully acquired technologies and products; uncertainty and adverse results in litigation and related settlements; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company’s growth and international operations; fluctuations in exchange rates; and changes in and a dependence on key personnel, as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission’s website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.
