Adenza, a provider of treasury, risk management, and regulatory compliance for the financial services industry, has selected Oracle Autonomous Database to enhance its regulatory reporting product line AxiomSL’s RegCloud.
Adenza has selected Oracle Autonomous Database for its availability, performance, and security. With Oracle Autonomous Database running on Oracle Cloud Infrastructure (OCI), Adenza can migrate its AxiomSL’s customers from on-premises Oracle Database deployments to RegCloud.
Adenza will ensure its critical infrastructure is running efficiently with performance that is significantly faster than on-premises alternatives, even when testing queries with more than 160 million rows of data.
The addition of Oracle Autonomous Database on OCI to Adenza’s AxiomSL RegCloud SaaS offering allows flexibility to customers who have deployed Oracle Database on-premises or have chosen Oracle Database for cloud services.
In this multi-cloud environment, RegCloud runs the risk and regulatory applications on AWS while customers store and manage their data on Oracle Autonomous Database and use OCI FastConnect to access the application.
Vladimir Etkin, chief technology officer, Adenza, said: “With Oracle Autonomous Database running on OCI, our customers have access to a single, converged database service that reduces risk, improves performance and removes a significant amount of labor from managing cloud-scale data.”