BANCA TRANSILVANIA, THE FIRST ROMANIAN BANK TO USE SUN ORACLE DATA BASE MACHINE 2010-01-14
Banca Transilvania is the first bank in the world, and implicitly, the first organization in Romania to use Exadata Database Machine V2 integrated system via the partnership with Oracle Romania and Trend Import - Export. This system, product of Oracle and Sun, is the fastest server in the world for data storage, online transactions processing and data warehousing applications.
This smart storage software will allow the bank to assist the clients in the shortest time possible, to constantly support innovation and provide professional services.
Robert C. Rekkers, Banca Transilvania CEO, stated: "BT, Oracle, and Trend Import - Export have built over time a strong partnership. As the bank for entrepreneurial people, we intend to increase operations performance and continue to innovate. Business information is accessed 30 times faster using the new system, leading to quicker decisions and a better data base segmentation. Direct beneficiaries are our 1.5 million customers".
Leontin Toderici, Banca Transilvania COO stated: "The acquisition price was excellent, as the costs were below those of an ordinary system; our cooperation with Oracle and Trend over the years, as well as the framework agreements between our organizations made this possible."
Banca Transilvania focuses on several projects as part of the IT strategy, this year. BT intends to replace the card application and perform an upgrade of the Internet Banking application.
Sorin Mindrutescu, Country Leader, Oracle Romania, states: "Oracle Exadata V2 is the result of over 30 years of experience in hardware and software development of two leader companies. I am glad that a top Romanian company is amongst the first in the world to use this innovative product".
Sun Oracle Data Base Machine offers increased performance and scalability for all data base applications. The system includes online transaction processing (OLTP), data warehousing, and data base consolidation. Exadata V2 is an integrated software, server and storage package, using standard Sun hardware technologies and "smart" Oracle storage software. Simple and easy to implement, this innovative solution integrates with the biggest and most important data base applications and enhances 10 times the performance without modifying the existing applications.
Tudor Iliescu, Trend Import - Export CEO, states: „After a series of meetings presenting Exadata in Cluj in 2008, Banca Transilvania decided to test Data Warehouse, using its own data, at Oracle ETC Reading, England, in the summer of 2009. Test results were excellent, the system being able to obtain from 10 to 72 times better storage timing than the solution available at that point. Consequently Banca Transilvania started the implementation process of a new product based on Exadata V2. Trend performed the implementation as Oracle Gold partner".
The partnership between Banca Transilvania, Oracle Romania and Trend Import - Export brings added value to the market. BT implementation process is certainly a quality investment.