Samsung Securities selects Oracle for migrating to public cloud

Samsung Securities, a financial investment company, has selected Oracle Cloud Infrastructure (OCI) to migrating to the public cloud.
Oracle Cloud for CIOsSamsung Securities operates in the global market with 45 domestic branches and five overseas offices in New York, London, Tokyo, Beijing and Hong Kong.

Samsung Securities has been working with Oracle to determine how to best use technology to analyze derivatives in support of the development and operation of the company’s stock and derivatives market trading and equity investment business.

The OCI cloud capabilities have improved system performance. Complex analysis and simulations can now be performed cost effectively with highly available computing resources, increasing convenience and removing the need for complex scheduling.

The company has implemented an information management system based on actual usage that allows money managers to better understand and maximize the return on derivatives. The new system also provides a strong foundation for digital innovation, allowing users to flexibly configure and set up development and test environments to support service improvement.