Transforming Core and Internet Banking with Oracle Cloud Infrastructure
Client Summary
C**** Bank, A prominent financial institution, established in the early 1980s, has long been a leader in providing both Islamic and conventional banking services. With a commitment to innovation and customer-centric banking, the organization sought to overcome infrastructure limitations and streamline operations to deliver enhanced customer experiences.
Challenge Ahead
The bank faced significant challenges managing the complexity of its dual banking systems, which support both Islamic and conventional banking services on the same infrastructure. Hosted entirely on-premises, this setup struggled with performance, scalability, and integration, hampering the bank’s ability to provide efficient services and meet modern customer expectations.
Key challenges included:
- Managing Separate Banking Models: Balancing Islamic and conventional banking systems on the same platform.
- On-premise Limitations: Performance bottlenecks and restricted scalability.
- Integration Complexity: Difficulties in integrating various applications seamlessly.
Project Scope
The project focused on migrating the core and internet banking systems to Oracle Cloud Infrastructure (OCI) while ensuring robust integration with on-premise applications. Key components included:
- Migration of Islamic and conventional banking systems.
- Production setup of core and internet banking systems on OCI.
- Integration of on-premise applications with OCI.
- On-premise DNS integration with OCI.
- Seamless migration of applications from on-premise to OCI.
Highlights
- Production setup of core and internet banking systems on OCI.
- Seamless integration of on-premise applications with OCI.
- On-premise DNS successfully integrated with OCI.
- Smooth migration of critical banking applications to OCI, ensuring minimal disruption.
Conclusion
The bank’s strategic migration to Oracle Cloud Infrastructure marked a turning point in its digital transformation journey. By leveraging cloud technology, the bank achieved significant improvements in operational efficiency, customer satisfaction, and scalability. The seamless integration of traditional on-premises applications with cutting-edge cloud solutions optimized system performance and positioned the bank for future growth in a competitive financial landscape.
This project underscores the transformative potential of cloud computing in the banking sector and highlights the bank’s commitment to innovation and customer-centric solutions.
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