{"id":545638,"date":"2023-04-19T11:41:44","date_gmt":"2023-04-19T10:41:44","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=545638"},"modified":"2023-04-19T11:41:44","modified_gmt":"2023-04-19T10:41:44","slug":"volkswagen-financial-services-taps-oracle-for-tech-modernisation","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/volkswagen-financial-services-taps-oracle-for-tech-modernisation\/","title":{"rendered":"Volkswagen Financial Services taps Oracle for tech modernisation\u00a0"},"content":{"rendered":"<p><a href=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/01\/Oracle.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-543364 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/01\/Oracle.jpg\" alt=\"Oracle Banking Cloud Services, Oracle, API Management, Payment Processing, Risk Management, IaaS, USA\" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/01\/Oracle.jpg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/01\/Oracle-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/01\/Oracle-100x100.jpg 100w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/><\/a>Volkswagen Financial Services (<a href=\"https:\/\/www.vwfs.com\/\">VWFS<\/a>) has migrated the bulk of its databases to Oracle Exadata Cloud@Customer, a cloud database platform delivered as a managed infrastructure service in VWFS\u2019 own data centers.<\/p>\n<p>Oracle enables VWFS to modernise its database technologies to support and scale mission-critical systems supporting the company\u2019s European operations while retaining control of its data governance and meeting data security and locality regulations.<\/p>\n<p>\u201cCustomer centricity has a very high priority within the VWFS world. This view is applicable to IT itself but certainly also to our IT operations. The high performance and high availability of our systems are fundamental to our business success. When it came to the decision of using Oracle Exadata Cloud@Customer, I had no doubts that this would support us in fulfilling our performance and efficiency targets,\u201d said <strong>Matthias Knappstein, Head of IT Operations Volkswagen Financial Services.<\/strong><\/p>\n<p>With <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/banks-accelerate-the-move-to-the-cloud-with-new-oracle-banking-services\/\">Oracle<\/a> Exadata Cloud@Customer, VWFS can quickly migrate mission-critical systems to a cloud infrastructure while maintaining full control of its data management.<\/p>\n<p>Since migrating from its previous on-premises environment, VWFS claims to have been able to use Oracle Exadata Cloud@Customer to improve the performance and availability of core services. This includes up to 60 percent latency reductions for critical applications and over 50 percent acceleration of data analytics processes.<\/p>\n<p>\u201cThe financial services industry is evolving rapidly to adopt new technologies that meet data sovereignty and security regulations,\u201d said <strong>Richard Smith, executive vice president, of Technology, EMEA, Oracle.<\/strong><\/p>\n<p>\u201cOracle Exadata Cloud@Customer provides VWFS with superior database performance and availability to accommodate the delivery and scaling of a wide range of business-critical services. Our distributed cloud approach enables customers such as Volkswagen to keep data and applications where they need them\u2014just one reason why we are seeing significant traction for Oracle Exadata Cloud@Customer in financial services.\u201d<\/p>\n","protected":false},"author":35737,"featured_media":543364,"parent":0,"template":"","categories":[11395,11383,11382,11397],"tags":[12242,11635,13406,12348,11515,11656,12927,33989,35046,11757,12572,11416,15007,35045],"class_list":["post-545638","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-big-data","category-cloud","category-saas","tag-api-management","tag-cloud","tag-data-governance","tag-data-security","tag-fintech","tag-germany","tag-oracle","tag-oracle-banking-cloud-services","tag-oracle-exadata-cloudcustomer","tag-risk-management","tag-saas","tag-usa","tag-volkswagen-financial-services","tag-vwfs"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Volkswagen Financial Services taps Oracle for tech modernisation\u00a0<\/title>\n<meta name=\"description\" content=\"Volkswagen Financial Services (VWFS) has migrated the bulk of its databases to Oracle Exadata Cloud@Customer, a cloud database platform\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/volkswagen-financial-services-taps-oracle-for-tech-modernisation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Volkswagen Financial Services taps Oracle for tech modernisation\u00a0\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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