Italian Bank banking on Open Source

REDWOOD CITY, US: Ingres Corporation, the open source database management company and pioneer of the New Economics of IT, announced today that Banca IFIS has adopted Ingres Database.

It adds in press note that Ingres Database allows Banca IFIS to effectively manage the sensitive financial information resulting from the large number of financial transactions its customers make on a daily basis.

Banca IFIS, claimed to be the only independent Italian bank specializing in financing enterprises, implemented Ingres Icebreaker, which allows a low cost, simplified installation of Ingres Database. It is the first fully integrated enterprise-class database and Linux operating system with an intelligent online patching mechanism. In addition, administrative tasks are simplified with an easy-to-use consolidated management portal, says the company.

Banca IFIS also chose to take advantage of an operational services engagement with Ingres. This provides a proactive 24 hour support service to ensure optimal performance of this mission critical installation.

“As a financial institution with high growth, we were looking for a solution that would lower total cost, increase reliability, and would scale with our growing amount of data,” said Carlo Sirombo, director of the organization, Banca IFIS. “Ingres was the right solution for us. In tough economic times like these, the ability to build applications that support the many languages used in Europe with an open source database helps us keep costs low and provide better service to our customers. Because Ingres Database has the security, reliability, high availability and enterprise features typically found only in proprietary databases, we can build and deploy mission critical financial applications on Ingres with confidence.”