Hybrid cloud solutions for cooperative banks


Dataquest held a webinar on hybrid cloud solutions for cooperative banks.

“A few years ago, the banking industry had problems moving to the cloud. Today, we already live in the cloud world. Data moves through billions of data. The technological acceleration has now taken place. Financial institutions and government have now become big. Banks have huge, sensitive and dynamic data. Cooperative banks are present throughout the country. The cloud will allow them to grow and compete in the new environment,” said Sunil Rajguru, Editor-in-Chief, Dataquest, PCQuest and CiOL in his opening note and was the moderator.

Srikanth Doranadula VP, Hybrid Cloud Systems Sales – India, Oracle, said customers have been letting us manage their databases for years now. The BFSI segment is also part of it. India is witnessing a changing banking landscape. Cooperative banking financial institutions are also reviewing their business models.

The bank is going digital. It’s a very structured trip. AI/ML tools come into play. Digital assistants are increasingly used in call centers. We also have digital chat systems. Everything must be down to the second. Banks need a hybrid, modern and highly agile infrastructure. Multi and hybrid clouds are the current trend. According to IDC, 70% have already adopted multi and hybrid clouds. The hybrid cloud approach offers the best of both worlds. You have better control over resource management, flexibility, etc.

Customers know that not all applications can use the public cloud. There are various reasons. Data sovereignty and security are among the top two reasons. We also need a fast response time. Oracle ensures that the customer’s hybrid cloud journey runs smoothly. More and more Indian companies are turning to Oracle’s hybrid cloud services.

Oracle Exadata enables customers to run Oracle Database with the same high performance, scalability, and availability wherever needed. Workloads move easily between on-premises data centers, Cloud@Customer deployments, and Oracle Cloud Infrastructure, enabling customers to modernize operations and reduce costs.

Often customers want to take advantage of the benefits of the cloud and don’t want their data out. We help meet their data security needs. We handle all types of database workloads. We have a few banks that are already using our system. We have the Oracle database appliance. We refer to the Exadata platform. We have the whole family to manage the cloud.

Ramakrishna Bhamidhimukkula, Senior Manager, Systems Solution Engineering, Oracle said that according to Gartner, 85% of infrastructure will integrate on-premises, colocation, cloud and edge delivery options by 2025. S&P Global Market Intelligence said that 76% of companies are adopting multicloud and hybrid cloud approaches. Today, multicloud and hybrid cloud strategies are the new normal. We can improve the environment on site.

Today, 80% of enterprise workloads are always on-premises. One reason is latency. Most businesses are on the public cloud. We need to have a strategy for moving to hybrid cloud. Data security is a key aspect for the banking segment. We must also ensure data sovereignty. Oracle’s approach to solving some of the most pressing issues facing banks today. We are smart and transform critical data. We are agile, accelerating the transition to the cloud and making progress in basic transformation. We are integral and elevating digital customer engagements and launching into open banking.

Oracle’s hybrid cloud systems strategy delivers superior execution and business results. We have best-in-class building blocks, differentiated IP value, and interoperability and integration. Oracle offers the most complete and integrated infrastructure for all application deployment models. We offer Oracle Cloud, On-premises Cloud, Private Cloud and Enterprise System. Hardware and software are designed to work together. Engineered systems lead to better execution and business results.

Oracle Data Management includes Oracle Database Software, Oracle Exadata, and Database Cloud Services. We have leading database software, cloud infrastructure and innovation. 88% of Fortune Global 100 companies use Exadata. Major Indian banks, BFSI, manufacturing and services are also running on Oracle. The best place to run Oracle Database is either in your data center or in the Oracle public cloud.

Laxmi Narayan Yadav, Principal Solutions Engineer, Systems, Oracle, spoke about the power of the Exadata database service. Data management presents challenges such as real-time business requirements, exponential data growth, cybersecurity threats, complex workloads such as OLTP, analytics, blockchain, etc., as well as deployment challenges. Enterprise databases drive the economy forward.

Oracle is a complete database where you want it. It is multimodal, multi-workload, modular and containerized. Oracle Exadata Vision has ideal database hardware, intelligent system software, and automated management. Oracle Database and Exadata have unique features. Exadata’s unique optimizations reduce TCO. It reduces and controls database licensing requirements. With Oracle Exadata infrastructure, you can get extreme performance from Exadata in the cloud and/or in your data center.

Oracle Autonomous Database on Exadata Cloud@Customer automates the entire database stack. The autonomous database is self-driving, self-securing, and self-healing. There are four key cost saving features. These are efficient consolidation, autoscaling, split vCPU consumption, etc. There are competitive advantages. We can dramatically improve storage latency than other cloud providers. We provide higher analytics than other providers. A customer is Deutsche Bank.

Karthik Thirunarayanan, Director, Hybrid Cloud Systems India, Oracle, talked about Oracle Database Appliance. The main objective of a cooperative bank is to modernize the system. There are three models available today for deploying databases: build your own product, converged/hyperconverged systems, and engineered systems. The last option is optimized for the database.

ODA is a complete system designed for Oracle database and applications. It accelerates time to value, is affordable, supported by Oracle, and provides a path to the cloud. Optimized infrastructure produces optimized results. The Oracle Database Appliance X9 family of models meets all the needs of cooperative banks.

Oracle Database Appliance Manager simplifies deployment, management, and support. The browser user interface gathers vital information and manages the deployment. The command-line interface provides simple commands to streamline hardware administration and monitoring. It continuously monitors and manages background processes to ensure optimal performance. Simplicity can be achieved through integration. A layered approach can be taken to build a secure system.

Oracle Database Appliance has a strong presence in India. We have over 60 clients in banking, higher education, healthcare, information technology, manufacturing and government.

Pankaj Kumar, IT Manager (AGM-IT), Delhi State Cooperative Bank, has worked for the bank for over 30 years. He ensures the smooth running of operations. It is one of the oldest cooperative banks and has over 50 branches in Delhi. We started running the bank on traditional infrastructure. We switched to Oracle shortly thereafter. Since switching to Oracle Database Appliance, the experience has been brilliant. It also meets our scaling needs. The ODA has made life much easier for the team. This greatly improved our performance. Oracle directly supports all components.

Concerning BC, he says it is essential for any bank. We deployed a 100% DR solution on Oracle. We benefited from having the same machine for DC and DR. We have almost no issues regarding compatibility, data integrity, etc. We recently conducted DR exercises with great success. We have minimal downtime. We aim to become fully digital in the future. We also seek to do data analysis.


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