Magazine article American Banker

ScotiaBank to Use 300 More of Sun's Network Computers

Magazine article American Banker

ScotiaBank to Use 300 More of Sun's Network Computers

Article excerpt

Bank of Nova Scotia gave Sun Microsystems Inc.'s newest network computer a vote of confidence this week.

ScotiaBank, which has been testing Sun's next-generation Sun Ray computer with 50 users, said 300 more workers will start using them. Sun announced general availability of Sun Rays on Wednesday in New York.

The $151 billion-asset bank's Toronto-based capital markets development group, which is responsible for trading, treasury, market, and credit risk applications, has been testing Sun Rays since March.

The computers, which are cheaper, stripped-down versions of personal computers that take up less memory and space, have replaced PCs and Unix workstations.

Sun is leasing out them for $9.99 apiece per month over five years. Server software and monitors run $30 monthly over five years. Sun retailers are also selling Sun Rays.

"There are absolutely cost savings," said Gail Smith, senior vice president of front office development at Bank of Nova Scotia. The units cost "easily less than half of what a PC costs," she said.

She declined to give specific savings projections but called the bank's investment an "overwhelmingly compelling proposition."

"If we get this architecture in place," she added, "we won't add more staff."

Users at Bank of Nova Scotia can access news in real time from Sun Rays, which do not need to be upgraded or maintained. Office productivity applications and departmental software run on the bank's centralized Unix, Windows NT, and Sun Solaris servers. …

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