Karachi: JS Bank Limited, a subsidiary of one of Pakistan’s most diversified and progressive financial service groups – JS Group, has selected Oracle to help it consolidate its IT infrastructure, and to run its credit card, corporate banking, and core banking applications.
The new Oracle solution has enabled the bank to enhance its IT systems’ performance and support its rapid growth plans.
Oracle Exadata has helped the bank reduce administrative expenditures by 60 percent, by freeing up database administrator resources which were used to manage tasks related to storage management and backups. Furthermore, JS Bank has been able to reduced backup time by 70 percent.
Switching to Oracle Database from jBASE for its core banking application has improved online transaction processing (OLTP) while further reducing the bank’s close of business operations response time by nearly 30 percent.
The scalability, extreme performance and reliability of the Oracle Exadata Database Machine has enabled us to consolidate onto a single footprint while boosting performance significantly, said Imran Soomro, Chief Information Officer, JS Bank Limited. Oracle Exadata has helped us significantly improve our OLTP, batch and close of business operations response time, and we have enough spare capacity on Oracle Exadata for our near-term transaction growth requirements.
By consolidating its IT infrastructure on Oracle Exadata and Oracle Database, JS Bank now has a solid platform from which to embark on its journey for sustained growth, said Waqas Hashmi, Director Sales, Technology Business, Oracle Pakistan and Afghanistan. The bank has already started to reap the benefits of Oracle Exadata, which are enabling it to be more competitive in the local financial industry.
The bank is also taking advantage of the 24/7 Platinum Support from Oracle for remote fault monitoring and quarterly patching to keep the database machine software up to date.