The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Sacombank has Successfully Deployed Oracle Exadata Database Machine in Vietnam

Sacombank, one of Vietnam’s commercial banks, announced its successful deployment of Oracle Exadata Database Machine, allowing the bank to benefit from the solution’s predictive analytics to make strategic business decisions in real time.

This is the first Oracle Exadata Database Machine to be deployed in Vietnam. The solution provides data warehousing, integrated with Oracle Business Intelligence (BI) 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 organisation.

This end-to-end Business Intelligence Solution comprise of Oracle Exadata Database Machine, Oracle Real Application Clusters (RAC), Oracle Database 11g Release 2, Oracle Partitioning, Oracle Business Intelligence Enterprise Edition, Oracle Data Integrator and Diagnostics/Tuning packs which enabled the bank to establish effective management dashboards to support decisions with historical, current and predictive view of the business while accelerating analytics and reports from hours to minutes.

Sacombank made their selection not only because of the synergies between the various Oracle software products, but because of the pre-integrated configuration of the Exadata platform which reduced deployment time, integration cost and offered unbeatable price performance ratio at a lower total cost of ownership with a single point for support.

Sacombank has chosen Oracle Exadata, which has been deployed by FIS bank and STB-Tech, a member of Sacombank Group.

“We are pleased that Sacombank has successfully deployed Oracle Exadata. Sacombank is the first financial institution in Vietnam to implement Oracle Exadata and this is a milestone marking our Oracle Exadata success in Vietnam’s financial sector. We are confident that Oracle Exadata will further improve Sacombank’s operational efficiency and competitiveness in the face of tough competition,” said Ricky Kapur, vice president, technology sales, Oracle ASEAN.

“Investing in IT infrastructure modernization will always be a part of our strategy to achieve excellence in various parts of our business. Exadata powered us with the visibility needed to address risk and growth on a timely manner. The technology has exceeded our expectations, enabling us with extreme performance for advance analytics while saving us overall implementation cost. Sacombank is expecting to enhance its competitiveness and quality of services in all areas with the aid of the management dashboards,” said Tran Xuan Huy, CEO of Sacombank.

Related content

WEBINAR

Recorded Webinar: Client and Entity Data for Client Onboarding

This webinar has passed, but you can view the recording by registering here. With enticing figures such as annual savings of $5-$20 million per firm being widely quoted, should we be looking at a collaborative approach to harmonising data management for entity and client data for client onboarding and KYC processes? How would it work,...

BLOG

A-Team Group Names Winners of Data Management Insight Awards 2020

A-Team Group has announced the winners of its prestigious Data Management Insight Awards 2020. The annual awards, now in their eighth year, recognise leading providers of data management solutions, services and consultancy to capital markets participants. The award winners were announced online across categories ranging from best sell-side and buy-side data management platforms to best...

EVENT

RegTech Summit London

Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Pricing and Valuations

This special report accompanies a webinar we held a webinar on the popular topic of Pricing and Valuations, discussing issues such as transparency of pricing and how to ensure data quality. You can register here to get immediate access to the Special Report.