The FINANCIAL — Sybase, Inc. named Raiffeisen Bank Aval one of the winners of Sybase Innovator Awards 2010.
"Sybase, Inc. (part of SAP), one of the leaders in corporate and mobile software, uses this award to mark its clients and partners, which have achieved the greatest success with the help of Sybase technologies, demonstrating their innovative use in data management, analysis and mobility, in creation of innovative supporting programs and the like. The awarding ceremony was held on 9 August, 2010 in Washington, Columbia, USA, within the framework of the Annual Sybase Techwave Conference," Bank Aval informed.
“Raiffeisen Bank Aval is one of the biggest clients of Sybase CIS. The bank has been successfully using a set of our solutions for development of applications, modeling of IT architecture, data management and analysis. To build a data storage, the bank has used the Sybase IQ solution, which demonstrated the best results during tests and a high productivity in operation. Raiffeisen Bank Aval is Sybase’s really innovative client, and it deserves this award”, commented the Sybase’s decision Michael Pavlenko, Director General of Sybase CIS.
“The bank has won this award due to its professional team of IT specialists: database and software administrators, analysts, whose active support enabled such a high estimation. Sybase technologies are widely used in our bank with view of their simplicity and reliability, as well as professional and timely technical support from Sybase experts”, said Valeriy Lazaruk, chief manager of database management system of the IT Systems Support Division of Raiffeisen Bank Aval.
While greeting the winners, among which alongside with Raiffeisen Bank Aval are: Swiss Medical Group, Everything Everywhere Limited and msc mobile, Raj Nathan, Executive Vice-President, Marketing Director of Sybase company, stated: “Innovative software applications of these clients, based on high Sybase technologies in the spheres of data management, analysis and mobility, are really exemplary. They are samples of a proficient use of technologies, which increase efficiency and bring benefits to enterprises and their customers”.
Sybase, part of SAP, provides their clients and partners with the best solutions for formation of data storages and reporting systems, mobile and wireless technologies, unique integration technologies, high-efficient database management systems.
Sybase technologies provide the operation of 60% banks and 90% companies, which operate with securities, in the world. Besides, 70-80% of all transactions in Wall Street are conducted with the use of Sybase technologies. Since 1996, Sybase company has been actively operating in Russia and other CIS countries.
Raiffeisen Bank Aval JSC, founded in March 1992, is one of the largest Ukrainian banks in terms of a number of core parameters. As of 31 March, 2010, the bank’s own funds were UAH 5.45 billion, its net assets amounted to UAH 54.03 billion (all figures according to the Ukrainian accounting standards).
Raiffeisen Bank Aval is a subsidiary of Austria's Raiffeisen International Bank-Holding AG, which operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers that service 15.1 million customers via more than 3,000 business outlets.