Finacle and Oracle
Finacle on Oracle Banking Cloud Services suite is a comprehensive offering that boasts industry-leading capabilities:
- Designed to be composable, allowing for rapid composability of business capabilities to cater to diverse requirements
- Unified offering with a suite of SaaS solutions on a single platform, making it a seamless and comprehensive solution for the banking industry
- Out-of-the-box, business-ready, and hot-pluggable components
- Extensive and proven functionality across retail and corporate banking, making it functionally rich
- Enterprise-class solution built for high throughput and scalability to meet the needs of modern banking operations
Why run Finacle on Oracle Cloud?
Efficient Scaling with OKE: Horizontal/Vertical POD Scaling
Finacle uses Oracle Kubernetes Platform's Horizontal and Vertical Pod Autoscaler to automatically adjust the number of pods and resource requests/limits for containers, optimizing scalability
Database Optimization with Exadata Cloud Service
Engineered for performance, Finacle on OCI utilizes Exadata Cloud Service for its database, leveraging its capabilities for availability, security, and auto scaling of database cores to match workload demands
Database Resilience and High Availability with RAC Cluster
Finacle leverages OCI’s Real Application Cluster (RAC) databases on Exadata Cloud Service with shared disks, eliminating single points of failure and ensuring high availability
Robust Security Measures to Protect Finacle Data with OCI Object Storage
Security measures include data encryption using AES-256 in OCI Object Storage, encryption of Kubernetes secrets in OKE, and deployment of Web Application Firewall (WAF) for 7-layer protection against web threats
Simplified Finacle Operations with OKEs Managed Master Nodes
Finacle benefits from OKEs highly available, managed Kubernetes service, reducing operational complexities and costs of managing Kubernetes infrastructure at scale
Emirates NBD Core Banking Transformation on OCI
Emirates NBD’s Saudi Arabia operations went live with Finacle’s core banking solution on Oracle Cloud Infrastructure in just three months - marking a first-of-its-kind deployment in KSA. The transformation empowered the bank with enhanced agility, regulatory compliance, and a superior digital experience, all on a secure and scalable OCI platform.
The Infosys Finacle and Oracle partnership focuses on providing scalable, secure, and reliable banking solutions that leverage cloud technology for agility and flexibility. Mr. E K Goh uncovers how this partnership is assisting banks in staying at the forefront of the industry.
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