Khushhali Microfinance Bank Limited , one of the leading microfinance institutions in Pakistan, has selected Oracle Engineered Systems as part of the ongoing IT infrastructure upgrade supporting its plans to boost business growth and service quality. Khushhali Microfinance Bank joins the ranks of global microfinance banks to deploy its core banking applications on Oracle Exastack.
With plans to expand exponentially by 2020, and a newly acquired core banking application, the Khushhali Microfinance Bank needed a reliable, robust and scalable infrastructure to deliver the performance needed for the new software and other surrounding applications. Khushhali Microfinance Bank also wanted to consolidate its data centre footprint and find ways of lowering operational costs by reducing man-hours for administrative and maintenance tasks.
“Khushhali Microfinance Bank is proud to have the largest client base amongst microfinance banks in Pakistan, serving over 0.5 million active borrowers and over 1.4 million active savers. Our financial services are empowering the country’s lowest-income populace, helping to give them a better standard of living.” said President and CEO, Khushhali Microfinance Bank, Mr. Muhammad Ghalib Nishtar.
Khushhali Microfinance Bank selected a suite of Oracle Engineered Systems including Oracle Exadata Database Machine X6-2, Oracle Exalogic Elastic Cloud X6-2 and Oracle ZFS Storage as the hardware platform to support its core banking.
These integrated systems are architected, integrated, tested, and optimized to work together and for the specific workloads they support. This results in easier deployment and upgrades, and more efficient systems management, which will help the bank to ensure high levels of performance and availability and cut complexity and costs.
As these solutions are also part of Oracle’s cloud-ready infrastructure portfolio, they will also help the bank future proof this investment and be able to embark on the journey to the cloud when it is ready.
“A robust and efficient IT infrastructure is crucial for the financial institutions to stay competitive and provide innovative products and services to their customers,” said Waqas Hashmi, Country Director – Cloud Platform Group, Oracle Pakistan.
“Many such organizations in Pakistan have achieved significant benefits by deploying Oracle solutions and we hope that Khushhali Microfinance Bank will be able to achieve its objectives through getting optimum performance from its core banking application on Oracle infrastructure.”
Oracle Advanced Customer Support will implement the Oracle Engineered Systems and Database options, with the storage and backup solutions deployed by a member of Oracle Partner Network.