GEC NEWS WIREMashreq is migrating critical databases to Exadata Database Service on Oracle Exadata Cloud@Customer as part of an expansion of its global collaboration with Oracle. The shift to a cloud database environment will enable Mashreq to accelerate and scale its operations as the bank grows its presence in key international hubs. These include the United States, United Kingdom, Hong Kong, Oman, and Pakistan.
Mashreq has invested heavily in modernizing operations across its business with Oracle Banking Solutions. As the bank grows internationally, Oracle Exadata Cloud@Customer will enable Mashreq to improve the performance, scalability, and availability of these systems, while data management automation features will help Mashreq increase operational efficiency and reduce costs. Deployed at Mashreq, the Oracle Exadata Cloud@Customer will enable the bank to retain control of data governance and support compliance with its data security and residency regulations.
“Migrating our mission-critical databases to Oracle Exadata Cloud@Customer supports our strategic objectives for international growth, operational efficiency, organisational resilience and innovation to deliver the new products and services that our customers need through personalized experiences,” said Mohamed Abdel Razek, Group Head of Tech, Transformation & Information, Mashreq.”
“Oracle Exadata Cloud@Customer will provide advanced database performance and availability to support the delivery and scaling of a wide range of business-critical services, while helping the bank meet evolving data locality regulations,” said Nick Redshaw, senior vice president, Technology, Middle East and Africa, and UAE country leader, Oracle.
Oracle Exadata Cloud@Customer brings the performance, automation, and economics of Exadata Database Service and the fully managed Oracle Autonomous Database into Mashreq’s data centers, minimizing latency between applications and data.
