Altnix offers open-source IT Monitoring Solutions for Banks, Financial Services and Insurance Companies

Fremont, California, and Mumbai, India: Altnix announced today that it has rolled out open source-based information technology (IT) infrastructure monitoring solutions for Banks, Financial Services, and Insurance (BFSI) companies. With this solution, customers can now reduce the overall licensing cost and total cost of ownership for their infrastructure monitoring solutions as compared to proprietary products from companies such as IBM, HP, Solarwinds, and Manage Engine.

The BFSI sector has very strong dependencies on IT infrastructure in delivering services such as core banking, online banking, mobile banking, and securities trading services. For such companies, IT infrastructure monitoring is an essential component of ensuring business continuity while providing those services. Failures and downtimes on IT infrastructure lead to direct revenue and business loss for these companies. Hence having a proactive monitoring solution that predicts such failures before they occur is critical in operational efficiencies.

“ In this age of the internet of things, understanding bottlenecks in IT infrastructure and planning proactively for optimum performance has a direct impact on the bottom line of a BFSI organization”, said Razak Mohammad Ali, Director, Marketing at Altnix. “Without an effective monitoring tool, BFSI companies don’t have insight into the cause of such bottlenecks. Further, without such insight, the CTO of such companies would not be able to design effective remediation strategies”

The open-source monitoring solution from Altnix provides a lower-cost alternative to other expensive tools such an HP Site Scope, HP Network Node Manager, IBM Tivoli, Solarwinds, and Manage Engine.

End to End IT Infrastructure Monitoring

The open-source solution cover the entire range of IT infrastructure including Servers, Applications, Network Devices, Storage Devices, Data Centre Infrastructure, Branch Office Link monitoring, and netflow usage statistics.

BFSI companies use a range of complex financial applications such as Finacle, Fidessa, Omnesys NEST, and a range of over the counter applications developed on Java, .NET, and C/C++ platforms. The monitoring solution from Altnix can be customized to monitor all such applications thereby giving insight into application availability and performance.

All BFSI companies typically have multiple branch offices connecting back to the headquarters to access core applications at the headquarters. Hence branch office link monitoring is essential to ensure that all branches are operating normally without any system downtime issues.

Flexibility and Extensibility

Due to open-source nature, this solution can be extended or customized to meet common business requirements. For example, this solution can be integrated with IT Service Management (ITSM) tools such a BMC Remedy, LANDesk, ServiceNow, and HP Service Manager to provide continuity with issue resolution and remediation process.

Mobility and Anywhere Access

The monitoring solution is enabled with a mobile client that allows users to access urgent information on their Smartphones including Android and iPhone. The solution also provides an SMS facility for sending out critical alerts to business users on a priority basis.

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