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Archived Financial Services Articles
10 Apr 2014
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Infosys Finacle Supports Over 1.9 Billion Customer Accounts [35727]
On Oracle SuperCluster with Oracle Solaris 11

Infosys announced on April 9, 2014 that its Finacle core banking solution running on an Oracle SuperCluster engineered system has set new global benchmarks for the number of transactions processed across key banking functions. The solution supported over 1.9 billion bank accounts with near linear scalability - a number higher than the current population of China the most populous country in the world!

The tests were conducted across a mix of 12 business-critical online transactions and batch processes. The Finacle solution(1) was tested on an Oracle SuperCluster and Oracle SPARC T5 servers with Oracle Solaris 11 to determine its performance and scalability parameters...
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19 Sep 2011
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Oracle Receives SWIFTReady Payment Label 2011 [24609]
Oracle FLEXCUBE Universal Banking 11.2.0 Named Compliant

Oracle announced that Oracle FLEXCUBE Universal Banking 11.2.0 has received the SWIFTReady Payment Label 2011. The SWIFTReady label identifies products that demonstrate compliance with SWIFT standards, messaging services, and connectivity; integrate efficiently in the SWIFT environment; increase traffic automation; and support straight-through processing (STP). SWIFT, which supplies secure messaging services and interface software to wholesale financial entities, runs an annual program for determining the SWIFT-compliance of third-party software applications for the financial services sector.
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19 Sep 2011
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Oracle Financial Services Revenue Management and Billing on Exadata [24610]
Delivers Extreme Performance: 9,523 Billable Charges per Second

Results of performance tests demonstrate that Oracle Financial Services Revenue Management and Billing 2.2 running on a full rack Oracle Exadata Database Machine X2-2 can deliver unprecedented performance and scalability. In the test, a billion transactions were validated, mapped and aggregated into 200 million transaction groups. These groups were then priced into billable charges. Running on Oracle Exadata Database Machine, the application priced 9,523 billable charges per second, enabling financial services organizations to process pricing requests for 100 million accounts in six hours. Ultimately 100 million bills can be generated in a single monthly run using a 13 hour batch window.
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18 May 2011
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Oracle's Exadata Banking and Financial Services Customers Numbers Continue to Increase [24174]
Colombian, Vietnamese, and Australian Deployments Reported

Oracle continues to expand its banking and financial services EMEA customer base with Exadata solutions. Recently, Helm Bank, Sacombank, and Australian Finance Group have implemented Oracle Exadata family products to manage their respective operations. Colombia's Helm Bank platform now includes Oracle FLEXCUBE Universal Banking running on Oracle Exadata Database Machine. Plans are afoot to implement Oracle's Siebel CRM in the near future. Sacombank of Vietnam has implemented the country's first Oracle Exadata Database Machine to be deployed in Vietnam, which provides data warehousing. Integration with Oracle Business Intelligence (BI) gives Sacombank with a single 360-degree view of the business and a powerful platform for a wide spectrum of business intelligence tasks ranging from predictive analytics to real-time strategic and tactical decision support throughout the organization. Down Under, the Australian Finance Group (AFG) has deployed the Oracle Exadata Database Machine to run Oracle’s Siebel CRM, Oracle Business Intelligence Enterprise Edition, and the Oracle E-Business Suite. AFG also uses Oracle Real Application Clusters (RAC) for high availability and Oracle Database 11g Enterprise Edition for information management.
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08 Apr 2011
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Oracle Exadata Database Machine Transforms Operations for Banco Santander (Brasil) S.A. [24082]
Server Consolidation, Data Compression, New OLTP System Result in Performance Improvements

By adopting Oracle Exadata Database Machine and Oracle Database 11g Banco Santander (Brasil) S.A. has achieved an eight-fold performance improvement in dozens of transactions, enabling the financial services company to provide business users faster access to data while also gaining a ten-fold rate of data compression, resulting in cost reductions in servers, power, real estate and maintenance. Banco Santander was assisted in this implementation by Oracle's Advanced Customer Services, Oracle Consulting and Oracle University. The company now runs the most advanced OLTP (online transaction processing) and data warehousing system in the market. Many processes, which Banco Santander was able to run only on a weekly basis with its legacy system can now be run daily.
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17 Mar 2011
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FrontRunner 2.0: Object Trading Delivers Even Faster Cross Platform DMA Integration [24013]
Runs Across Linux, Solaris and Windows

Object Trading has released FrontRunner API 2.0, which now supports customers' Direct Market Access client-system connections via their easily integrated FrontRunner API across Linux, Solaris and Windows platforms, allowing rapid (up to 25 percent faster than existing high-speed connection methods), customized development of connectivity on these platforms to over 50 destinations world-wide. At the same time, Object Trading stresses, FrontRunner also continues to natively support existing FIX-based interfaces for clients trading via FIX 4.2 and FIX 5.0 and algorithmic or front-end vendors' integration layers; including popular choices such as Trading Technologies X_Trader and the TT FIX Adapter for Asian markets, integration recently completed by Object Trading and launched in January 2011.
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