AUSTIN, Texas, Sept. 16, 2021 /PRNewswire/ -- Adenza, a
leading global provider of end-to-end, trading, treasury, risk
management, and regulatory compliance for the financial services
industry, has selected Oracle Autonomous Database—both Autonomous
Transaction Processing and Autonomous Data Warehouse—to enhance its
regulatory reporting product line AxiomSL's RegCloud. Adenza chose
Oracle Autonomous Database for its unprecedented availability,
performance, and security, each of which is critical in the
regulatory industry. With Oracle Autonomous Database running on
Oracle Cloud Infrastructure (OCI), Adenza can easily migrate its
AxiomSL's customers from on-premises Oracle Database deployments to
RegCloud.
Taking advantage of the Oracle Autonomous Database self-driving,
self-securing, and self-repairing capabilities, Adenza will help
ensure its critical infrastructure is running efficiently with
performance that is significantly faster than on-premises
alternatives, even when testing queries with more than 160 million
rows of data—a requirement since data inputs needed for regulatory
reports have increased by over 300 percent over the last 10
years.
The addition of Oracle Autonomous Database on OCI to Adenza's
AxiomSL RegCloud SaaS offering allows further flexibility to
customers who have deployed Oracle Database on-premises or have
chosen Oracle Database for cloud services. In this multi-cloud
environment, RegCloud runs the risk and regulatory applications on
AWS while customers store and manage their data on Oracle
Autonomous Database and use OCI FastConnect to access the
application.
"Combining the power of the cloud with the intelligent
responsiveness of adaptive machine learning, Oracle Autonomous
Database offers another avenue for our company to provide customers
with a smooth migration to the cloud," said Vladimir Etkin, chief technology officer,
Adenza. "The ability to quickly adapt to changing regulatory
requirements is critical to our clients. With Oracle
Autonomous Database running on OCI, our customers have access
to a single, converged database service that reduces risk,
improves performance and removes a significant amount of
labor from managing cloud-scale data."
"Adenza AxiomSL business unit is an industry-leading data
management platform for risk and regulatory reporting," said
Andrew Mendelsohn, executive vice
president, Database Server Technologies, Oracle. "With Oracle
Autonomous Database, we provide a highly performant, self-driving,
self-securing, and self-repairing cloud service compatible with
on-premises Oracle Database environments. For customers this means
a smooth database migration to OCI while all of the automation
enables the Adenza's AxiomSL RegCloud IT team to focus on what they
do best, rather than manual database management, tuning and
administration tasks."
Adenza's AxiomSL Regulatory Reporting solutions' client base
represents $45 trillion in total
assets and includes 80 percent of Global Systemically Important
Banks (G-SIBs). The company, with 30 years' experience in the
field, delivers more than 5,000 risk and regulatory reports, across
50 jurisdictions and 110 regulators. Therefore, data privacy and
security were also top of mind for Adenza in selecting Oracle
Autonomous Database to help ensure that its customers meet global
regulatory mandates. Oracle Autonomous Database protects sensitive
and regulated data automatically, patches databases for security
vulnerabilities, and prevents unauthorized access, providing
security at every level of the stack.
About Oracle
Oracle offers integrated suites of applications plus secure,
autonomous infrastructure in the Oracle Cloud. For more information
about Oracle (NYSE: ORCL), please visit us at oracle.com.
Additional Resources
- Learn more about Oracle Autonomous Data Warehouse
- View the latest Autonomous Data Warehouse innovations
- Learn more about Oracle Autonomous Transaction Processing
- Read the Adenza success story
- Learn more about AxiomSL RegCloud®
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Corporation
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SOURCE Oracle