Financial & Economic Blog

MILAN, Italy, October 26, 2007 - Cisco® announced today that Cedacri, a leading information technology (IT) provider for financial institutions in Italy, has chosen a Cisco data center infrastructure to help reduce the cost of winning new customers in Milan, one of Italy's key financial centers. The Cisco technology will help Cedacri deliver expertise and services to financial institutions without the prohibitive cost of building a local data center. Banking institutions will benefit ...

HANOI, Vietnam - October 23, 2007 - ICB Bank, one of the leading commercial banks in Vietnam, is establishing another milestone as an early adopter of information and communications technology (ICT) in the country. With the implementation managed by HPT Technology, a Cisco-certified premier reseller, the bank is deploying the Cisco® Service-Oriented Network Architecture (SONA) to help it unify network-based services such as security, mobility and location with the virtualization of ICT ...

The long-term forecast in financial services is stormy: technology rapidly commodifying every product, physical transactions giving way to online, profit margins under severe pressure, rising customer expectations and falling loyalty. Challenges loom on every front. And perhaps nowhere are these winds of change trickier to navigate than in wealth management, where individual investors expect a level of ...

One of the biggest problems Morgan Stanley's wealth management unit has been facing in recent years is a steady loss of top-producing financial advisors (FAs). Each one was taking important clients and their assets to rival brokerages. During the 2005-2006 period, Morgan Stanley's turnover rate among FAs ran to nearly 11 percent. Thanks in large degree to Cisco's networking technologies and consulting ...

High Performance on Wall Street - NEW YORK, New York, September 17, 2007 - Cisco® today announced a new server host and fabric software, known as Datagram Acceleration Layer (DAL), designed specifically to accelerate multicast-based market data infrastructures for automated trading applications. When combined with Cisco InfiniBand Server Fabric Switches, the new Cisco DAL software will help customers to handle rising messages rates, while reducing the message delivery latency between ...

High Performance on Wall Street - NEW YORK, September 17, 2007 - Cisco has collaborated with Reuters and Sun Microsystems to deliver an end-to-end low latency solution for automated and algorithmic trading. Testing by Sun Microsystems showed the solution reduced overall system latency by up to 38 percent, with minimal impact on customer's applications and infrastructure. The tuned solution will enable customers to quickly deploy a low latency market data infrastructure while preserving their ...

KUALA LUMPUR, Malaysia, September 17, 2007 - The world's largest Islamic bank, Al Rajhi Bank, has deployed the Cisco® Unified Communications system as a strategic move to drive its business expansion in Malaysia. The solution has been implemented across the bank's 182 existing branches to provide a highly scalable, cost-effective and highly secure communications system and it will accommodate future growth plans for up to 50 branches by 2010. "Al Rajhi Bank's success as the ...

DUBLIN, Ireland, September 13, 2007 - As part of a continued effort to help build a collaborative and adaptive channel to accelerate customer and partner success, Cisco® today introduced the Cisco Industry Solutions Partner Network. The new Industry Solutions Partner Network will engage, enable and reward a global community of channel partners, application providers and device manufacturers to collaborate and deliver industry-specific solutions that address the business needs ...

BELGRADE - NOVI SAD, Serbia, September 6, 2007 - Cisco® today announced that Erste Bank Serbia has implemented Cisco's Financial Services Intelligent Network Solution and deployed a new unified voice, data and video network, including 850 Internet Protocol (IP) phones, that will help accelerate the bank's growth by connecting all of its 62 branch offices in Serbia. Financial services make up one of the fastest-growing business sectors in Central and Eastern Europe. Increasing ...

NETWORKERS AT CISCO LIVE 2007 - ANAHEIM, Calif., July 26, 2007 - The First American Corporation (NYSE: FAF), America's largest provider of business information, has partnered with Cisco and AT&T in its data center consolidation in order to deliver mortgage, real estate and financial information and services more efficiently. Driven by a growing business focus on globalization and productivity, First American identified the consolidation of its data centers and enhancing collaboration ...