The City Bank authorities have recently adopted Oracle Cloud Infrastructure to help it modenise the key applications underpinning its business.
The migration is aimed at helping it improve operating efficiency and save costs, which will provide the bank with the space to invest in an improved customer/client experience.
Already, by moving just eight of its bespoke, back office on-premises applications to the cloud has reduced operating costs by 10 per cent and seen performance for its banking applications by ‘As one of the most digitally and technologically progressive private sector commercial banks in the country, we were keen on adopting the latest innovations in technology to devise a long-term strategic roadmap for our IT infrastructure,’ said Mohammed Anisur Rahman, head of City Bank IT.
‘After a competitive evaluation of vendors such as AWS and local solution providers, we selected Oracle Cloud for its price-performance benefits and provision of service level agreements for performance, management, and availability,’ he said.
‘Like many organisations, banks increasingly need a single source of truth about their customer base and real time information. By running their critical, high-volume, high-performance workloads securely on Oracle Cloud Infrastructure, City Bank can now achieve this, as well as gain all the other benefits of public cloud,’ said Arshad Pervaiz Country head, Technology and Cloud Platform Business, Oracle Bangladesh.
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