back Back

Compass Plus tests Oracle’s new cloud infrastructure in Russia

By Megha Bhattacharya

February 26, 2021

  • Compass Plus
  • Russia

TranzAxis, Compass PlusCompass Plus announced that it has completed the stress testing of Oracle’s cloud-native open development payments platform, TranzAxis, using the new Oracle Exadata Cloud Service X8M in Russia. According to the company, the testing aimed to enable the evaluation of scalability and reliability of TranzAxis using Oracle Cloud Infrastructure.

Compass Plus was the first in Russia to test its own solution, TranzAxis, using the latest Oracle Exadata X8M platform, which was released as part of the Oracle Exadata Cloud Service in October 2020. By opting for the Oracle cloud, our partner was able to focus on the key issues of the application testing project, alongside enabling Oracle to meet the challenge of providing an off-the-shelf testing environment. Given the high requirements of TranzAxis to the processing speed, Oracle Exadata has, once again, demonstrated exceptional performance and enabled to achieve record-breaking number of transactions,” said Evgeniy Pazhitnov, Technical Consultant at Oracle.

According to Oracle, its Exadata Cloud Service allows customers to easily move enterprise applications to the cloud with the high performance, scale, and availability of Oracle Exadata and the simplicity of Oracle Cloud Infrastructure. Advanced cloud automation, dynamic resource scaling, and flexible subscription pricing enable customers to run database workloads faster and lower costs.

“At Compass Plus, we strive to leverage every opportunity to test all the technical and business configurations of our TranzAxis platform. We are already familiar with the Exadata platform, but its updated cloud implementation brings undeniable benefits, such as ease of management and flexibility, while maintaining the amazing speed and reliability of the already proven ‘physical’ version. The updated resources of the Oracle Cloud Infrastructure have enabled us to test our platform on new super-fast AMD processors for application servers, and test the optimal options for scaling and load balancing, optimising the components of our platform,” said Alexey Chumakov, Head of Business Intelligence at Compass Plus.

“Having tested our platform on the latest cloud resource from our trusted partner Oracle, we can now recommend another proven, high-performance, and cost-effective infrastructure deployment option to customers.”

Recently, Compass Plus announced that it has joined forces with AWS in a bid to leverage its latest advancements of cloud-based deployment. The company selected AWS as the cloud host provider for powering its processing services and enable it to offer availability as well as support processing globally.

Previous Article

February 26, 2021

Affirm to launch Affirm Card with access to Buy Now, Pay Later functionality

Read More
Next Article

February 26, 2021

Truenorth partners with Mambu, offers market-changing technology to US FIs

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024

Compass Plus

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Mangopay & ManoMano simplify payments for marketplace sellers

Read More


FIS & Lendio launch ‘SMB Digital Lending’ to boost small business loan processes

Read More


Alawneh Exchange taps TerraPay to enhance cross border payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024