Banking Business challenge As Amret grew, its core banking systems were struggling to keep up. At peak times, unresponsive systems frustrated both staff and customers, creating a risk of losing ground to competitors. Transformation Amret upgraded to a pair of IBM® Power® S824 servers and introduced a new-generation IBM Storwize® V7000 with an SSD pool to support its Temenos T24 core banking application, serving over 1,000 users. “The new generation of Storwize is helping us to stay on top of growth by ensuring that our core banking systems can consume data as fast as they need it.” —Sokphak Touch, Senior Manager of IT Systems, Amret Business benefits: 50% cut in time taken to complete overnight processing, eliminating overruns Increased customer and employee satisfaction ratings per annual survey Gained performance and capacity to support digital self-service transformation Amret MFI Cuts overnight processing by 50% and accelerates in-branch services Solution components IBM® AIX® IBM Power® S824 IBM Storwize® V7000 Client Name Amret MFI Company Background Microfinance Institution “Amret” is a leading micro-finance institution in Cambodia. Amret’s focus is on providing small development loans to individuals in rural areas and medium loans to small and mid-sized enterprises. It also offers a broad range of banking and financial services, including deposits, payment services, money transfer and ATM services. As of May 2018, Amret had USD865 million total assets, over 400,000 customers, and 156 branches throughout Cambodia. Business challenge As Amret grew, its core banking systems were struggling to keep up. At peak times, unresponsive systems frustrated both staff and customers, creating a risk of losing ground to competitors. The benefit Cut overnight batch runs from six hours to 3 hours: a 50% reduction. Improved online application performance for faster in-branch service. Enhanced staff efficiency and customer satisfaction. Pull Quote “The new generation of Storwize is helping us to stay on top of growth by ensuring that our core banking systems can consume data as fast as they need it.” —Sokphak Touch, Senior Manager of IT Systems, Amret Solution components IBM® AIX® IBM Power® S824 IBM Storwize® V7000 Case study Link https://www.ibm.com/case-studies/amret-mfi-microfinance-core-banking-power-storwize Microfinance Institution “Amret” is a leading micro-finance institution in Cambodia. Amret’s focus is on providing small development loans to individuals in rural areas and medium loans to small and mid-sized enterprises. It also offers a broad range of banking and financial services, including deposits, payment services, money transfer and ATM services. As of May 2018, Amret had USD865 million total assets, over 400,000 customers, and 156 branches throughout Cambodia. Share this