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City Bank picks Oracle Cloud Infra for IT modernisation

Published: 23:51, Oct 26,2020

 
 

The City Bank has chosen Oracle Cloud Infrastructure to help it modenise the key applications underpinning its business as it seeks to strengthen its proposition of being a bank of dependability, credibility, applicability and reliability for all, said the bank in a press release.

The migration is aimed at helping the bank improve its operation 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 20 per cent.

‘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,’ said The City Bank IT head Mohammed Anisur Rahman.

‘Based on the success of the migration so far, we aim to move the rest of our database and application estate to leverage the integration capabilities afforded by utilising Oracle’s cloud and the extreme performance of Oracle Exadata Cloud Service,’ he added.

‘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 Oracle Bangladesh country head for technology and cloud platform business Arshad Pervaiz.

‘With the deployment of Oracle Cloud Infrastructure, City Bank has been able to improve the reliability and availability of its digital banking platform, providing its customers with innovative products and excellent services.’

— New Age

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