Oracle Exadata enables ABL to cut processing time.
KARACHI -- Oracle Exadata has enabled the Allied Bank Limited (ABL0 cto cut processing times by as much as 50 percent for timely and effective decision making.
A statement here on Monday said that Allied Bank Limited (ABL), one of Pakistan's leading banks, has reduced the critical close of business (COB) processing time by as much as 50 percent with the successful deployment of Oracle Exadata Database Machine.
In addition, the bank has been able to simplify its IT and accelerate its expansion plans due to the solution's ability to scale. ABL was also able to boost its data protection capabilities at a reduced Total Cost of Ownership (TCO).
The statement said that by implementing Oracle Exadata, ABL was able to optimize its core banking hardware infrastructure and enhance its OLTP processing. As a result, it was able to significantly reduce the processing time for COB tasks such as daily transaction, calculating and posting interests, rolling the bank date forward and production of various reports.
We had already done work to optimize our core banking application at the software level in order to improve OLTP and COB performance but the system still needed a boost, said Sohail Aziz, Chief - Information Technology Group, Allied Bank.
By using Oracle Exadata, we were able to shrink the time for critical reporting processes by as much as 50 percent and at a reduced infrastructure cost. From our evaluation at that point in time, we found Oracle Exadata was the only solution that could help us achieve the OLTP and COB performance required.
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|Publication:||The Frontier Star (Northwest Frontier Province, Pakistan)|
|Date:||Aug 25, 2015|
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