BNP Paribas has announced its decision to integrate Oracle Exadata Cloud@Customer into its cloud strategy, aiming to enhance security and personalize customer experiences within its systems.
By leveraging this new Oracle solution, BNP Paribas will benefit from automation and real-time monitoring technologies provided by Oracle Database, ensuring improved database accessibility on a unified platform.
Bernard Gavgani, chief information officer of BNP Paribas, stated, “Our integration of Oracle Exadata Cloud@Customer fully aligns with BNP Paribas’ cloud strategy of deploying the full potential of these technologies in a secure framework. Thanks to optimal data management, this partnership allows the bank to safeguard business continuity, while innovating to ensure the best quality of services for our customers.”
The bank has relied on Oracle technology for its IT infrastructure for over 20 years and will continue this partnership as it develops its cloud solutions.
Juan Loaiza, executive vice president of mission-critical database technologies at Oracle, commented, “Financial organizations are rapidly adopting cloud technologies to reduce costs and accelerate their ability to access new market opportunities. Using Oracle Exadata Cloud@Customer, BNP Paribas will transition its database estate to a modern, agile, cost-effective cloud model that will enable them to innovate at a faster pace while adhering to stringent data locality and privacy regulations.”
In September 2024, JP Morgan also expanded its collaboration with Oracle regarding cloud solutions.