Edmond de Rothschild moves core mainframe system to LzLabs
Swiss private bank Edmond de Rothschild has completed a project to move its legacy core mainframe system and data to LzLabs’ Linux-based alternative, running on x86 servers.
Among these new features is the organisation’s web terminal, designed and delivered by LzLabs, which processes wealth management data to generate graphics for “ease of interpretation”.
Through the terminal, LzLabs says it has also streamlined processes by hyperlinking its core banking system – the Avaloq Banking Suite, which went live last year – with associated applications and the company’s document management service, enabling users to click through to documents from referenced parts of the system.
LzLabs has also moved the company’s database environment from a mainframe database to an open-platform database.
Vincent Guiot, IT development manager, Edmond de Rothschild, says this is a “significant step in the ongoing modernisation of our infrastructure, and represents a leap forward in terms of IT innovation for our business”.
He adds: “LzLabs’ approach has enabled us to leverage applications and data in ways we couldn’t before, whilst integrating new third-party applications more quickly and efficiently. The significant reduction in software licensing fees was also an attractive prospect, and enabled us to invest a significant amount in more innovative approaches.”
LzLabs is a software company that develops solutions for enterprise computing customers, including its software defined mainframe. The company was founded in 2011 and is headquartered in Zurich.
Edmond de Rothschild was founded in 1953, and has €155 billion in assets under management, 2,700 employees and 27 sites worldwide as of 31 December 2016.