Vtesse News

Vtesse customer Lloyds TSB has won the Infrastructure Strategy category of the Retail Banking Technology Awards presented by leading financial services journal The Banker.

Commenting on the award, Aidan Paul, CEO of Vtesse networks said "It is good to see the efforts of the combined Lloyds TSB, IBM and Vtesse team on this visionary project recognised in this way. This was a true team effort and the end result clearly demonstrates the advantage that organisations who become Vtesse Optically Enabled Enterprises can gain in a competitive market."

The Banker described the award like this:

INFRASTRUCTURE STRATEGY

Winner: Lloyds TSBProject: Lloyds TSB Voice and Data Initiative

Network capacity is becoming a growing concern for the global business community, for whom high-speed, international communication and information sharing is vital. Limitations in a bank’s network capacity, as Lloyds TSB discovered, can inhibit business agility and change.

Rather than turning to a traditional telecoms operator to solve its networking problems, Lloyds TSB partnered with IBM, who subsequently played the role of systems integrator, bringing together the most cost-efficient technologies from a number of suppliers, in order to build a network specifically for Lloyds TSB. During the project, a fibre optic core was designed and built by Vtesse which – due to the bank’s exclusive use of the fibres – is able to provide almost limitless bandwidth to critical Lloyds TSB sites.

For Lloyds TSB, the new network serves as a crucial platform by which the bank is now able to fully exploit modern applications. Now, the network is no longer the inhibitor, but an enabler for business change, representing an impressive, cost-effective infrastructural triumph for the bank.

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