SEOUL, South Korea,
April 12, 2021 /PRNewswire/
-- Leading the way with an industry first in Korea, Hana
Financial Group (HFG) has completed a large-scale migration of its
mission-critical applications to the public cloud working with
Oracle. The migration is part of HFG's digital transformation of
its operations.
Hana Members, HFG's integrated
membership service and digital financial lifestyle platform with
over 15 million users, will take the lead in this strategic journey
to Oracle Cloud Infrastructure. Among its goals: help the bank meet
evolving customer needs, enhance business efficiency, and adjust to
the rapidly changing business environment in the financial services
industry.
Unveiled in October 2015,
Hana Members enables customers to
earn points based on usage of their Hana credit card and other bank
services, such as savings, insurance, foreign exchange, and
investments. Members can also earn points at participating
Hana Money merchants and use those
points for various services and payments. As part of the move, HFG
aims to broaden its service offerings by taking advantage of the
newest technologies from Oracle, including AI and blockchain.
HFG uses a wide range of Oracle Cloud Infrastructure services,
including Oracle Database Cloud Service and Oracle Identity Cloud
Service, having migrated the on-premises systems supporting
Hana Members in September 2020. These cloud services are helping
Hana Members boost operational
efficiency and enhance business agility, enabling Hana to better
meet customer needs more cost-effectively and deliver unmatched
security.
"Such a large-scale cloud transformation project is
unprecedented in the finance industry, not to mention within HFG,"
the company said. "By migrating these mission-critical systems,
Hana Members will benefit from
innovation driven at a corporate, strategic level, with a focus on
enhancing the quality of life for HFG's customers."
HFG added: "With its unparalleled data management capabilities,
secure and stable enterprise cloud infrastructure, and
groundbreaking autonomous cloud technology, Oracle was the right
choice as a company that can work closely with us throughout our
digital transformation journey, which is designed to maximize
business value."
The contract was won in a competitive tender that included major
local and global cloud vendors. It also strengthens the existing
relationship between HFG's GLN (Global Lifestyle Network) and
Oracle.
"We are proud to continue to be HFG's leading cloud provider and
to work on one of the most influential digital transformation
projects to be implemented by a leading financial group," said
Tom Song, Vice President and
Geography Managing Director of Oracle Korea. "We look forward to
helping HFG continue their cloud journey to boost
their service innovations and more quickly meet diverse and
rapidly changing customer needs."
About Oracle
Oracle offers suites of integrated applications plus secure,
autonomous infrastructure in the Oracle Cloud. For more information
about Oracle (NYSE: ORCL), please visit us
at www.oracle.com.
Trademarks
Oracle and Java are registered trademarks of Oracle
Corporation.
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SOURCE Oracle