BNP Paribas, one of Europe’s leading financial institutions, has recently announced its decision to deploy Oracle’s Exadata Cloud@Customer platform in its data centers. This move, revealed on December 9, is part of BNP Paribas’ strategy to optimize data management and ensure business continuity while embracing cloud technologies. Oracle’s on-premises solution is expected to provide BNP Paribas with the flexibility and control over its critical data infrastructure.
What is Oracle Exadata Cloud@Customer?
Oracle Exadata Cloud@Customer is a combined hardware and software solution that integrates Oracle’s cloud capabilities into a company’s own data center. By leveraging this platform, organizations can harness the advantages of cloud computing, such as automation, scalability, and cost-efficiency, while maintaining control over their data and meeting strict regulatory requirements. This hybrid solution allows businesses to transition to a cloud model without moving their data off-premises.
Why BNP Paribas Chose Oracle Exadata Cloud@Customer
BNP Paribas’ adoption of Oracle Exadata Cloud@Customer aligns with the bank’s broader cloud strategy. Bernard Gavgani, Chief Information Officer at BNP Paribas, highlighted that the integration of Oracle’s platform would enhance the bank’s data management and safeguard its business continuity. Additionally, the partnership enables BNP Paribas to innovate while ensuring the highest quality of services for its customers.
“Thanks to optimal data management, this partnership allows the bank to safeguard business continuity, whilst innovating to ensure the best quality of services for our customers,” said Gavgani.
Benefits of Oracle Exadata Cloud@Customer for BNP Paribas
Oracle Exadata Cloud@Customer brings several benefits to BNP Paribas, particularly in its ability to reduce latency between applications and data. By hosting the solution within its own data centers, BNP Paribas can ensure faster data processing speeds while maintaining control over data privacy and security. The solution also offers greater access to Oracle’s automation features, which are critical for efficient and agile operations.
Integration with atNorth’s Data Centers
BNP Paribas already hosts part of its IT infrastructure at atNorth’s data centers in Sweden and Iceland, with a focus on data-intensive applications and high-performance computing. This collaboration with atNorth complements the bank’s strategy of building a hybrid IT environment that leverages both on-premises and cloud solutions. The data centers in Sweden and Iceland are particularly suited for the bank’s high-performance computing needs, while Oracle’s Exadata Cloud@Customer addresses database management and operational efficiency.
How Oracle Exadata Cloud@Customer Supports Cloud Adoption
Juan Loaiza, Oracle’s Executive Vice President of Mission-Critical Database Technologies, emphasized that financial institutions are increasingly adopting cloud technologies to reduce costs and seize new market opportunities. Through Oracle Exadata Cloud@Customer, BNP Paribas can transition to a modern, agile, and cost-effective cloud infrastructure, which will allow the bank to innovate at a faster pace. This is crucial for maintaining a competitive edge in the rapidly evolving financial sector.
Other Notable Oracle Exadata Cloud@Customer Clients
Oracle Exadata Cloud@Customer has gained traction across various industries, with notable customers including Great Eastern, IHH Healthcare, and Swiss telecommunications company Sunrise. These organizations have adopted the platform to enhance their database operations and streamline their business processes, reflecting the growing adoption of hybrid cloud solutions in mission-critical sectors.
FAQ
What is Oracle Exadata Cloud@Customer?
Oracle Exadata Cloud@Customer is a hybrid cloud platform that combines Oracle hardware and software to bring cloud capabilities directly into a company’s own data center. It offers the scalability and agility of cloud computing while maintaining control over data privacy and security.
How will BNP Paribas benefit from Oracle Exadata Cloud@Customer?
BNP Paribas will benefit from reduced latency, greater automation, and enhanced data management features, enabling it to innovate faster while ensuring compliance with data privacy regulations. The platform also supports the bank’s business continuity objectives.
Does BNP Paribas use other data centers besides atNorth?
Yes, BNP Paribas also utilizes data centers in India, as indicated by current job listings and the bank’s global IT infrastructure needs.
How does Oracle Exadata Cloud@Customer improve operational efficiency?
The platform provides access to advanced automation features, reducing the need for manual intervention and enabling more agile operations. It also streamlines data processing, ensuring faster access to applications and data.
Is Oracle Exadata Cloud@Customer only used by financial institutions?
No, Oracle Exadata Cloud@Customer is utilized by various industries, including healthcare and telecommunications, to improve data management, reduce operational costs, and increase business agility.
