Telefonica España and Oracle Announce Collaboration to Accelerate Cloud Adoption
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Telefonica España and Oracle Announce Collaboration to Accelerate Cloud Adoption
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Telefonica España and Oracle Announce Collaboration to Accelerate Cloud Adoption
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July 2, 2021
AUSTIN, Texas and FRANKFURT, Germany Oracle and Deutsche Bank are entering a multi-year agreement to “modernize” the bank’s database technology and accelerate its “digital transformation.”
Deutsche Bank will upgrade its database systems as well as migrate the bulk of its Oracle Database estate to Oracle Exadata [email protected] an on-premises option of the Oracle Exadata Cloud Service to support applications that “will not move to the public cloud or may in the future,” according to the companies last week.
The move will provide “a dedicated platform” to support and scale the bank’s mission-critical systems and services, including trading, payments processing, risk and capital planning, and regulatory reporting.