Oracle Cloud Server Boosts Westpac Lower IT Costs

Oracle Corp. announced that Western Australia Bank has selected Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud to support the deployment of its master data management (MDM) product, based on Oracle products, Application to create a single view of the customer. Based on proof-of-concept performance testing, the bank expects to dramatically improve system application performance and availability over the next five years with significant savings in operational and maintenance costs.

Westpac's main data management application is based on the Oracle Siebel Unified Customer Master Data Management (UCM) solution and is dedicated to consolidating support for all retail banking transactions in this multi-brand group. The comprehensive capabilities of Oracle Siebel UCM enable the bank to consolidate and manage customer data throughout the customer's lifecycle, including capturing customer data, correcting and standardizing names and addresses, identifying and consolidating duplicate records, enriching customer information, enforcing compliance and risk policies , As well as providing the operating system with the best version of customer information, the most real customer information obtained from a single data source.

Westpac conducted a rigorous benchmarking test before selecting Oracle's integrated system products. Test results show that Oracle system performance is up to 40x faster than the bank's mainframe infrastructure currently in operation, including up to 10,000tps for a target transaction volume of 800tps and a response time reduction of 29ms, The target time is 200ms. In addition, Westpac predicts that using Oracle systems will result in significant cost savings over the next five years compared to continuing with the previous architecture.

Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud are hardware and software integrated design systems. The deployment of these products by Westpac will reduce the complexity of the IT infrastructure. In addition, because the system is pre-assembled, the entire system deployment takes only a few weeks instead of months. Oracle Exadata Database Machine is used to run high-performance databases. Oracle Exalogic Elastic Cloud provides extremely high application performance, reliability and scalability for Java, Oracle Fusion Middleware, Oracle Applications and ISV applications with lower total cost of ownership, lower risk and more High user productivity and one-stop support.

These new systems will be managed by Oracle Managed Cloud Services. In addition to Oracle's integrated design system, the new platform will include: Oracle Database Enterprise Edition 11g; Oracle Database Options for Partitioning, Real Application Clusters, Advanced Security and Advanced Compression; and Oracle Enterprise Manager 12c, Covers Cloud Management Pack for Oracle Database and Oracle GoldenGate.

Jeff Jacobs, Chief Technology Officer, Westpac, said: "In response to the current banking landscape, we have significantly enhanced our branch office building and online business services to create more flexible and agile affiliates and to sustain innovation online and in the mobile space , The key to the success of the Group's strategy, no matter how customers choose to approach our bank, the Oracle platform will help us understand the most authentic customer information from a single data source and deliver a consistent, high-quality customer experience. "Jacobs Argues: "For us, working with Oracle has always been a part of our important work and is based on years of good cooperation between the two parties."

"We are committed to providing our customers with the most comprehensive and cross-stack solution on the market today that will enable them to create the best customer experience for their customers," said Ian White, senior vice president of Oracle and managing director of Australia and New Zealand. Integrating existing Oracle management software with Oracle's integrated design system, Westpac has established a solid platform that will deliver scalability, agility, reliability, security and sustainability while enabling the bank to Significantly reduces internal complexity and provides its consumers with simple and easy applications. "