KBC supports acquisition growth strategy in Central Europe with Sterling Managed File Transfer

26 October 2010

Pan-European banking and insurance group enhances integration across international divisions by creating communications standard and gaining control over file transfers.

At Sibos, Sterling Commerce, an IBM® company (NYSE:IBM), today announced that KBC GROUP NV, a leading European bancassurance group, has implemented Sterling Managed File Transfer (MFT), the market-leading solution for secure data movement, to establish a KBC communication standard for file transfer.

KBC is an integrated bancassurance group catering to mainly retail customers, small and medium-sized enterprises and midcap clientele. Over the past few years, KBC has grown through acquisitions across Central Europe, and at the end of 2009, announced plans to focus on its core bancassurance expertise, offering customers both banking and insurance products through its sales channel in Belgium and the Czech Republic, Slovakia, Hungary, Poland and Bulgaria. KBC was looking for a robust MFT solution on which it could standardise its group-wide File transfer needs and provide a framework that enables its partners to perform file transfers in a cost efficient way. Following a vendor selection process, KBC appointed Sterling Commerce for its robust MFT solution, to standardise operations throughout the business by accommodating and integrating requirements of central European partners and support the transfer of amongst others bank and insurance orders, invoice and payment files.

Sterling MFT provides centralised management over what was previously a complex architecture of legacy software, patches and intra-system traffic. The solution supports the company’s full range of data movement operations, from KBC’s Group-wide file transfers, including orders, payments and personnel data, through to distributing software and handling file exchange across the back–end processes residing on over a thousand servers. The system handles over one terabyte of data, and 100,000 files per day.

“We chose Sterling Commerce to deliver a key MFT solution to support critical business areas and communications across KBC,” said Tom Verbruggen, ICT senior team leader, KBC. “Sterling MFT has provided a way for us to create a framework that protects and controls the movement of files across the whole group. This provides a solid IT foundation on which to build out our business strategy.”

“KBC is demonstrating how a carefully thought out business strategy aligned with an intelligent IT strategy can drive significant competitive advantage,” said Jim Gahagan, global financial services industry executive at Sterling Commerce. “This deployment also acts as a reminder of how IT often lies at the heart of a company’s drive to deliver the best value to its customers, employees and other stakeholders.”

Sterling Commerce will be on Stand: C216 at Sibos 2010, Amsterdam.

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