BNP Paribas Signs A Partnership With Oracle To Further Develop Its Cloud Strategy
- The Group will integrate the Oracle Exadata Cloud@Customer solution in its cloud systems by hosting it in BNP Paribas data centers.
- This new step in BNP Paribas‘ cloud strategy aims to enhance the security and confidentiality of customer data.
- This agreement will allow the bank to centralize databases operated via Oracle solutions on a single platform while benefiting from the automation advantages offered by Oracle Database.
For over 20 years, BNP Paribas has deployed Oracle technology to manage part of its on-premises databases. BNP Paribas has today announced that it will now adopt Oracle Exadata Cloud@Customer to further improve database management. This choice aligns with the bank’s ambition to continually strengthen its services while ensuring the security of its customers’ data in the aim of providing an even smoother and more personalized experience.
Thanks to Oracle Exadata Cloud@Customer, the bank will be able to combine the advantages of a cloud infrastructure while maintaining on-premises databases. This solution integrates advanced encryption and real-time monitoring technologies, providing the highest levels of data integrity. The bank will be able to leverage the entire range of automation features offered by Oracle Database, such as process optimization, better database accessibility within the Group, and automatic failover to enhance system reliability and resilience, thus ensuring optimal service continuity. Additionally, this approach will reduce latency between applications and data, improving operational efficiency and overall performance while simplifying obsolescence management.
This partnership is part of BNP Paribas’ ongoing cloud strategy. For several years, the bank has been investing in private and dedicated cloud solutions to optimize its IT infrastructure while ensuring control over data hosted in the Group’s owned data centers. In line with its cloud strategy, and to ensure the security of customer data, BNP Paribas has not placed any client data or production environments containing sensitive data in the public cloud.
“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, whilst innovating to ensure the best quality of services for our customers,” said Bernard Gavgani, Chief Information Officer of BNP Paribas.
“Financial organizations are rapidly adopting cloud technologies to reduce costs and accelerate their ability to tap into new market opportunities,” said Juan Loaiza, Executive Vice President, Mission-Critical Database Technologies, Oracle. “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 meeting demanding data locality and privacy regulations.”
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