Welcome!

Containers Expo Blog Authors: Zakia Bouachraoui, Yeshim Deniz, Liz McMillan, Pat Romanski, Elizabeth White

News Feed Item

Financial Institution Deploys 97 Expand Networks Accelerators in 72 Hours & Achieves 8 Month ROI

Expand Networks www.expand.com, the leader in optimizing WANs for branch office consolidation and virtualization, today announced that FinComún, the leading Mexican community-based financial institution, is set to achieve six figure cost savings by optimizing its current network infrastructure and renewing its RoI with Expand Networks’ WAN Optimization technology.

Deployed and supported by trusted IT partner and telecommunications specialist, [email protected], Expand Networks’ Accelerators are bridging the proximity gap between Fin Comun’s branch office employees and their centralized applications and datacenter services, increasing productivity, customer satisfaction and generating savings across the business by reducing time in line for customers, and making the credit period shorter and more efficient. All of which is reflected in better customer service, lower cost for customers and more personalized attention.

[email protected] met challenging implementation requirements, installing Expand Accelerators in 80 branches in the metropolitan area in just 24 hours and finalized the deployment across 6 states in a total of 72 hours. Now in place, the Accelerators are using low latency, byte-level caching techniques that work on all applications to consistently deliver average Virtual bandwidth increases 1400% across the organization. With this level of optimization, accelerating applications to over 7000%, FinComún has no need to upgrade or increase its Internet payment for the next five years.

Following a competitive tender, FinComún chose [email protected] and Expand Networks for the combination of superior technology, high level technical support and cost-efficiency. Expand Networks was chosen over competitive products from Riverbed, Blue Coat, Cisco and Juniper. Adolfo Quiroz, IT Manager explains, “The Expand solution provided the best technical performance for accelerating our critical applications and [email protected] provided a highly-professional team of engineers. On top of this, the solution offered a return on investment of just 8.5 months, meaning the technology would practically pay for itself.”

FinComún is widely recognized as Mexico’s premier micro-finance institution and a pioneer in the use of technology, the testing of new ideas and innovative partnerships. As a company with philanthropic origins, maximizing efficiency via cutting edge technology has been a cornerstone of Fincomún’s continued success. Adolfo Quiroz explains;

“It’s vital that branch productivity is optimal because that's where our customers open new accounts and generate payments and loans. All customer procedures that are in the branches are directly related to the main datacenter at headquarters, and we found 128 kbps connections for our branch offices was simply not sufficient. Offering community-based financial services through personalized treatment, modern technology and low transaction costs, is a big part of our mission statement. Committed to retaining low operating costs alongside the highest service levels in this way, Expand provided us with a solution that was both performance oriented and cost-effective.”

Adam Davison, Corporate VP of Sales and Marketing at Expand Networks, concludes, “The cost savings on extending network investment are significant. This is a great demonstration of how Expand's virtual proximity experience can make a real difference to an organization’s bottom line. Through delivering virtual bandwidth, the productivity levels provided to FinComún are translating directly into more contracts, reduced credit period, more flexibility in payments and services and ultimately, satisfied customers, all contributing toward its mission to offer community financial services that will help to resolve the structural causes of poverty in the region.”

-ends-

To find out more about the NWPG deployment, go to: www.expand.com/fincomuncs

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...