Silkbank Selects Oracle Database to Modernize Banking Operations
8 years ago
Silkbank Limited has selected Oracle Database to modernize its banking operations.
Silkbank Limited, formerly known as Saudi Pak Commercial Bank Limited, has selected robust, flexible and scalable Oracle Database platform to modernize its IT architecture to improve its banking applications and operations, business efficiencies and customer service.
“Our investment in Oracle Database technology will help us deliver mission critical IT services without disruption to our internal business users and external customers 24/7,” said Javed Yousuf Edhi, Chief Information Officer, Silkbank Limited. “The Oracle solution’s comprehensive scalability and manageability features will help us safeguard our investments in the long run and will also allow us to optimize our IT resources to its fullest.”
Silkbank also implemented Oracle Database Enterprise Edition options including Oracle Real Application Clusters, Advanced Security, and Oracle Database Vault along with Oracle Enterprise Manager. Oracle Database options extend the power of Oracle Database to meet specific requirements in the areas of performance and availability, security and compliance, data warehousing, and manageability.
“Oracle is known worldwide for helping financial institutions streamline their business processes and improve cost efficiency ratios to provide greater value to their customers,” said Farhan Ibrahim, Country Director – Technology Business, Oracle.
“The comprehensive scalability and manageability features in the Oracle Database will help Silkbank safeguard its infrastructural investment in the coming years. Silkbank will be able to optimize its IT resources to its fullest with the highly available, scalable and secure Oracle technology platform.”
In addition to providing data security to address the bank’s auditing and compliance guidelines, the Oracle Database platform will equip Silkbank with better processes in the form of enhanced end-to-end monitoring, alerting, change management, provisioning of resources, patch management, and increase overall database administrator productivity.
Silkbank has also subscribed to a host of Oracle University-based trainings to fully utilize the capability of the Oracle Database platform.
The bank has been operating in Pakistan for over 16 years through a network of 40 ATMs and 66 branches in 25 cities nationwide and is backed by a consortium comprising Bank Muscat, IFC – a member of the World Bank Group and Nomura. Both are strong international institutional shareholders with an 87% stake in the bank.