Deutsche Bank moves to Oracle cloud DBMS to save hundreds of millions

In mid-July 2021, it became known that it was Deutsche Bank switching to cloud DBMS Oracle Exata Cloud Customer. The hybrid option of placing all public Oracle cloud services directly data centers into customers should save hundreds of millions of euros of company funds.

Deutsche Bank is implementing a public cloud strategy that uses the Google Cloud Platform to develop applications in the cloud and Microsoft Azure as tools to improve performance. According to Gordon MacKechnie, head of the Deutsche Bank technology infrastructure group, the company's investments in Cloud Customer "complement and in some respects contribute to the implementation of this strategy."

Deutsche Bank moves to Oracle cloud DBMS to save hundreds of millions

The company had long sought a way to upgrade and consolidate existing database systems before choosing Oracle as its partner. Within four to five years, the company plans to move "many thousands of databases" - more than 95% of its systems - to Cloud Customer when upgrading existing software to the latest versions of Oracle Database. The bank will adopt a standardized platform to support critical systems such as trading, payment processing, risk management, capital planning and regulatory reporting. McKechnie noted that the scale and criticality of the systems involved force the transfer of data extremely carefully.

Sales of public cloud services from Oracle by July 2021 are insignificant compared to the market share held by GCP, Azure and Amazon Web Services (AWS). However, as Oracle co-founder and technical director Larry Allison noted, the company works with "hundreds of thousands of database customers, including all the largest companies and governments on planet Earth."^[1]

Notes