UC4 certified for use with the Avaloq Banking System

Automated scheduling of Avaloq Banking System (ABS) and enterprise systems with UC4 Workload Automation Suite
VIENNA, February 3, 2009 – UC4 Software, a leading global provider of workload automation, job scheduling and IT process optimization solutions, today announced the certification of UC4 Workload Automation Suite for use with the Avaloq Banking System (ABS) version 2.6. The companies have also signed a partnership agreement that will enhance Avaloq to refer customers requiring a complementary scheduling and automation solution to UC4 Software.
“The certification of the UC4 adapter enables organisations to utilise a complementary technology that has been successfully tested and validated against our Model Bank environment,” said Adrian Bult, COO, Avaloq Evolution AG. “Joint customers will be able to increase the return on their existing technology investments leveraging a solution that interfaces directly with the Avaloq Banking System.”
Avaloq solutions are changing the IT landscapes within private and retail banks in Switzerland, Germany, Liechtenstein, Luxembourg, Singapore, Hong Kong and other markets. With UC4 Workload Automation Suite enterprises remove manual intervention, reduce latency and mitigate risk from their end-to-end business processes. The UC4 Business Integration for Avaloq communicates directly with ABS through application interfaces, allowing customers to extend the automated scheduling of their core banking systems and integrate with external applications.
UC4 Workload Automation Suite can manage back-end processing for ABS and all other surrounding systems that many finance institutes rely on. Avaloq users receive regular software updates which support banks in remaining compliant with industry regulations. When utilizing additional tools it is important that Avaloq users work with solutions that are compatible and certified for use with Avaloq. This reduces maintenance and support issues and allows joint customers to benefit from the enterprise wide visibility and control provided by UC4.
“It gives UC4 great pleasure to extend its relationship with Avaloq,” said Cesare Capobianco, chief executive officer, UC4 Software. “We have benefited from an excellent working partnership working towards receiving this certification. It has allowed us to develop an interface that is compliant with Avaloq’s technical specifications, which also delivers measurable business value to our joint customers.”
About AvaloqThe Avaloq Group, with branches in Luxembourg and Singapore, is the Swiss market leader in the field of standard banking software. For over a decade, the Swiss company has been developing and marketing the Avaloq Banking System. It is trusted by leading financial service providers in private, retail and universal banking in international financial centres around the globe. A network of specialists with first-class partners in the areas of implementation, software, service and technology enables Avaloq to offer its clients a comprehensive all-in-one solution – a modular, innovative and integrated standard software for the financial sector. Avaloq is owned by its management and employees.
About UC4 SoftwareUC4 Software is a leading global provider of workload automation, job scheduling and IT process optimization solutions that ensure core business processes and enterprise information systems run faster, more accurately and without interruption. More than 1,600 companies worldwide have successfully enhanced application processing performance and improved IT efficiency using UC4’s business acceleration solutions. Customers include American Suzuki Motor Corporation, Cadbury, eBay, Eastman Kodak, General Electric, Mattel, McGraw Hill, Panasonic, Robert Bosch, Sun Microsystems, Symantec, T-Systems and Verizo
This entry was posted on Pazartesi, Şubat 23rd, 2009 at 03:32 and is filed under teknoloji. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

The slowdown of the Houston economy is picking up speed.

The slowdown of the Houston economy is picking up speed.After setting a torrid pace less than a year ago, the local economy is barely adding new jobs now. At the same time, the unemployment rate has shot up, and so has the number of first-time filers for jobless benefits.Houston-area employers created 17,200 new jobs between January 2008 and January 2009, according to data released Thursday by the Texas Workforce Commission. That 0.7 percent year-over-year increase was the weakest since the summer of 2004 and doesn’t include the large layoffs already announced in Galveston at the University of Texas Medical Branch and Shriners Hospital for Children.It’s a sharp departure from just a year ago, when Houston gained 87,400 jobs in the preceding year for a robust 3.5 percent clip.“I think we’re headed to negative territory in just a few months,” said Barton Smith, director of the University of Houston’s Institute for Regional Forecasting. “By May or June they’ll be negative.”Weaker hiring coupled with a spike in the number of folks looking for work caused the local jobless rate to jump to 6.5 percent in January, its highest level since July 2004, according to the commission. In December, the rate was 5.6 percent.The rate is also climbing statewide. In January, the Texas unemployment rate was 6.4 percent, which commission Chairman Tom Pauken expects to grow to 8 percent later this year. Statewide data is seasonally adjusted while local data is not.“It’s occurring a little faster than we thought,” said Smith, referring to the slowdown that has been especially hard on retailers and financial firms.New figures due todayWhile the strong energy industry buffered Houston during 2008, Smith predicts the city soon will lose that cushion. As world economic conditions deteriorate and reduce the demand for energy, he expects widespread job cuts in oil field equipment manufacturing, a key industry for Houston.The layoffs are still relatively mild but they’ll pick up during the year, he said.“The national economic storm has hit us,” said Pauken, who spoke with the Houston Chronicle’s editorial board Thursday.The unemployment rates in Houston and Texas are still better than the U.S. figure, which stood at 7.6 percent in January and rose to 8.1 percent in February, according to federal statistics released today.Pauken pointed to the spike in initial claims for unemployment benefits that has made it difficult for out-of-work Texans to get through on the busy phone lines to file for benefits. The commission is adding phone capacity to handle the calls, he said.He pointed to the spike in initial claims for unemployment benefits that has made it difficult for out-of-work Texans to get through on the busy phone lines to file for benefits. The commission is adding phone capacity to handle the calls, he said.In January, 26,828 Houston-area residents filed initial claims for unemployment benefits. That’s up 24.4 percent from December, when 21,567 residents requested benefits, and nearly double the number of applicants a year ago.Previous report revisedIt’s not uncommon to see job losses from December to January because companies are cutting holiday help and evaluating budgets, said Joel Wagher, labor market analyst for Workforce Solutions, which manages employment services, education and training for the area.But this time losses were higher than usual because of the struggling economy, he said. It was the worst one-month employment decline in the last 10 years, he said.Also, the latest report included the annual revision of the previous year’s estimates. Houston’s job base didn’t grow nearly as quickly as the commission thought.In January, the commission estimated the Houston area added 57,300 new jobs between December 2007 and December 2008, a 2.2 percent increase. But once actual payroll tax records were tallied, the area gained only 22,500 jobs during that time for a 0.9 percent increase.Houston’s annual job growth peaked last June at 4.6 percent. It has declined ever since, Wagher said.