Kaminario Accelerates Banking Application Performance at Leumi

Kaminario, provider of high-performance SSD storage for accelerating critical business applications, announced that Bank Leumi le-Israel BM has selected the Kaminario K2 storage appliance to improve the performance of its critical banking applications.

Leumi is the largest financial institution in Israel, with more than 13,500 employees, over $93B under management, 270 branches in Israel, and 78 branches and offices worldwide.

Leumi chose Kaminario’s K2 to accelerate its banking applications, allowing the bank to better serve its customers. Leumi improved the efficiency of these applications by eliminating long wait times for disk I/O.

Kaminario K2 accelerates updates
for the private-banking division
After comparing Kaminario’s K2 high performance storage appliances with other storage array solutions, Leumi chose Kaminario’s K2 for its performance and the ease and transparency of installation. The Kaminario K2 was installed within one day without changing Leumi’s application. Kaminario K2 was able to speed up the application performance by five to 11 times.

Kaminario K2 boosts data processing
for the monetary division
More than 90% of the monetary division’s data is revised daily. It is required by Leumi to compute and process profit/loss from capital activities. This will provide the company’s internal business processes and users with accurate information. The Kaminario K2 ran the critical initial step, which releases data to other services in the bank, 10 times faster, enabling the entire update process to be five times faster than the original run time.

"Our private-banking and monetary divisions’ application processes were extremely I/O-intensive, and we needed to accelerate them in order to improve the service to our business and customers," said Mr. Itzhak Malach, Senior Executive Vice President, Head of Operations, Information Systems and Administration at Leumi. "The Kaminario K2 appliance provided us with a fast and easy-to-deploy solution to optimize our applications, saving us valuable time and money while helping us to improve services to our customers."

The Kaminario K2 appliance reduces storage latency and waits, and it performs consistently under heavy loads. Kaminario K2 has no single point of failure, so it maintains operational status and data availability. Kaminario K2’s industry-standard off-the-shelf components make it easy to install and maintain, reducing operations, maintenance and service costs.

"Leumi moved its most I/O-intensive applications to the Kaminario K2 and immediately realized its powerful optimization capabilities," said Gareth Taube, VP Marketing at Kaminario. "Companies that process and update critical data overnight need to consider moving their most critical business applications to the highest-performance enterprise storage solution on the market today, the Kaminario K2."