Oracle revealed its contract with banking giant HSBC to accelerate its digital transformation under a multi-year agreement.
HSBC will upgrade and migrate database systems to Oracle Exadata [email protected], a cloud platform delivered as a managed infrastructure service at the bank’s own data centers. The deployment will help support and scale the bank’s mission-critical systems and services.
“Our strategy is to digitize the bank at scale, so that we can innovate faster for customers, and our collaboration with Oracle is important in advancing this transformation agenda,” said Frank McGrath, Chief Technology Officer, HSBC.
“We chose Exadata [email protected] primarily for its ability to offer well known databases, with the benefit of a database-as-a-service platform, giving us the performance and operational agility we need as we continue to grow and diversify our business,” Frank McGrath said at the Oracle CloudWorld event in the US.
Oracle Exadata [email protected] provides a highly-available cloud platform that will enable HSBC to continue to use Oracle databases in support of its critical systems while retaining control of its data governance, thereby meeting data locality and security regulations.
The platform will enable HSBC to more easily bring cloud automation to manage legacy applications, and easily scale services according to customer and local-market demands.
“We are working closely with HSBC to achieve this balance, enabling it to consolidate critical systems on a secure, scalable on-premises cloud platform and develop cloud-based services faster,” said Garrett Ilg, President Japan and Asia Pacific, Oracle.