“Oracle Exadata Cloud@Customer integration is a key shift in BNP Paribas’ digital transformation efforts at a strategic level. That’s why over the years our cloud strategy has been safely sandwiched between innovations and protections.
With these complex technologies appropriately implemented within the context of a security perimeter, it is indeed possible to bring technology to the organization without putting the technology curtain around data security at risk”, states Bernard Gavgani CIO of BNP Paribas.
All the strategies to improve our existing long-term relationship with Oracle did not emerge from the blues. In the last twenty years, the author has been closely monitoring how Oracle’s database offerings are changing to fit the expansive needs of the financial services industry.
It means we can get the most out of both worlds – the dynamically expanding sphere of cloud computing and the need for security and compliance for the company’s infrastructure.
What is particularly significant about this implementation: it is cohesive with the other parts of our digital transformation agenda. It’s not simply a better database management system update; it is the architecture for future innovation with no compromise to data protection.
The provision of being able to store key data and production environments in our immutable infrastructure, as well as leveraging true cloud-native functionality is important for an organization of our size in the financial services industry.”
The very solution called Oracle Exadata Cloud@Customer helps us leverage advanced automation that brings a massive improvement to our operations.
These aspects from enhanced security to real-time tracking, and automatic failover enable our teams to innovate instead of troubleshooting maintenance problems. This efficiency gain is very important in the current rapid financial environment where timeliness and accuracy are critical success factors.
As we look forward, this implementation will enhance our organisation’s preparedness in serving the clients especially here at BNP Paribas with operational efficiency, data security and compliance with set legal measures.
But it is clear evidence of our focus on embracing technology in our provision of banking services. Optimisation of the latency between applications and data, as well as optimisation of operation, will in the future lead to recipient benefits to clients, based on the principle of data protection in our firm’s secure environment.
