The finance sector has transformed billions of lives, purely enabled by a robust, real-time computing infrastructure at its core. But when the same infrastructure is suffocated by some ‘anti-scale’ forces like a classic on-premises data center, growth is curtailed.
Let us explore the whys of it with a real-life use case. Followed by deciphering the close relationship between a leading-edge financial technology and an expert Oracle implementation & management partner — bypassing challenges, shaping experiences, and materializing visions.
About the Customer
A typical example of this is when a Chennai-headquartered comprehensive financial services provider with nearly 5 decades of runtime, a workforce of close to 5,00,00 employees, deployed across 1000+ branches to serve about 2,50,00,00+ Indian consumers/businesses — found itself in an identical situation. Inspired by their ever-increasing demand in the market in the post-pandemic era, the finance industry heavyweight chose to double down on their serving capacity and support more dreams.
As anticipated, the institution had already concluded a rough ‘due diligence,’ and stood enlightened of the need to completely evacuate their rigid yet unsustainable data center, together with choosing Oracle Cloud Infrastructure (OCI) and INFOLOB for maximal + accelerated impact.
The Details on the DC Evacuation
In the financer’s day-to-day operational ecosystem, which constituted an excessively complicated loan management system, Oracle E-Business Suite, treasury applications, Service-Oriented Architecture (SOA), and reporting excellence aced through IBM pSeries Servers — INFOLOB demonstrated the adoption of OCI to harmonize with their remotest requirements. Post an exhaustive series of rigorous proof-of-concept validations and in-depth financial evaluations, the customer unequivocally acknowledged the in-built value proposition of deploying these pivotal applications on Oracle Exadata Cloud Service (ExaCS).
INFOLOB’s Role in Action
The team meticulously migrated the entire stack of critical applications from IBM AIX to Oracle Linux (OEL) on Oracle Cloud Infrastructure, bolstered by ExaCS. This business-critical transition encompassed some indispensable solutions, including Nucleus Finnone Loan Management System (LMS), CashTrea Treasury Management, Oracle EBS, Oracle SOA Suite, Hyperion, and reporting systems. Strikingly enough, the migration comprised dual rounds of over-arching test migrations, embedding perfection and integrity — escalating into a smooth Go-Live phase. Atop this, a robust Disaster Recovery (DR) infrastructure was architected, augmenting enterprise resilience and bagging disruption-proof operations.
Why INFOLOB: 10 Engagement Highlights and Outcomes
- Scalability @ Scale: The migration to Oracle Cloud Infrastructure allowed the financial services provider to instinctively scale operations to meet pressing demands.
- Productivity Made Accessible: INFOLOB's OCI-powered modernization efforts streamlined the financer's operations while cutting manual processes in return for increased collective productivity.
- Cost Containers: Moving on from the on-premises data center that was gradually turning unfit resulted in major cost savings in terms of maintenance, skill/effort, and upfront hardware CapEx.
- Access to Breakthrough Database Technology: By leveraging ExaCS, the financial institution gains access to state-of-the-art infrastructure, equipping it with unprecedented financial service capabilities.
- Operational Resilience: The onboarding of a robust DR infrastructure guarantees business continuity and minimizes disruptions, improving resilience.
- Express Deployment: INFOLOB's 14+ years of delivering game-changing technology services helped accelerate the deployment of the most critical financial applications, allowing the provider to rapidly respond to market volatility.
- Cybersecurity, Always in Offense Mode, in OCI: Oracle Cloud typically extends the industry’s most advanced security competencies, enabling the client to protect its vast amounts of sensitive financial data.
- Rationalized Resources: The engagement resulted in optimal resource allocation minus overprovisioning.
- Leading CX to UX: The never-before efficiency and reliability of the systems led to an equally advanced customer experience, uncontrollably crucial in the financial industry.
- Path to Largest Market Share: Now being at the forefront of modern financial technology and infrastructure positions — supercharged by Exadata Cloud Service and OCI — the provider is off to the top position, empowering more consumers and businesses.
Conclusion
For a quick recap, INFOLOB’s dedication to modernizing and optimizing financial technology through dominating Oracle expertise fiercely surged the financer’s everyday processing power and productivity in operations. This resulted in us devising the most effortless access to leading-edge financial infrastructure and practices for the financial services provider. Also followed by positioning the client at the vanguard of forging life-changing financial service experiences.
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