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Volkswagen Financial Services taps Oracle for tech modernisation 

By Gloria Methri

April 19, 2023

  • API Management
  • Cloud
  • Data Governance
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Oracle Banking Cloud Services, Oracle, API Management, Payment Processing, Risk Management, IaaS, USAVolkswagen Financial Services (VWFS) has migrated the bulk of its databases to Oracle Exadata Cloud@Customer, a cloud database platform delivered as a managed infrastructure service in VWFS’ own data centers.

Oracle enables VWFS to modernise its database technologies to support and scale mission-critical systems supporting the company’s European operations while retaining control of its data governance and meeting data security and locality regulations.

“Customer centricity has a very high priority within the VWFS world. This view is applicable to IT itself but certainly also to our IT operations. The high performance and high availability of our systems are fundamental to our business success. When it came to the decision of using Oracle Exadata Cloud@Customer, I had no doubts that this would support us in fulfilling our performance and efficiency targets,” said Matthias Knappstein, Head of IT Operations Volkswagen Financial Services.

With Oracle Exadata Cloud@Customer, VWFS can quickly migrate mission-critical systems to a cloud infrastructure while maintaining full control of its data management.

Since migrating from its previous on-premises environment, VWFS claims to have been able to use Oracle Exadata Cloud@Customer to improve the performance and availability of core services. This includes up to 60 percent latency reductions for critical applications and over 50 percent acceleration of data analytics processes.

“The financial services industry is evolving rapidly to adopt new technologies that meet data sovereignty and security regulations,” said Richard Smith, executive vice president, of Technology, EMEA, Oracle.

“Oracle Exadata Cloud@Customer provides VWFS with superior database performance and availability to accommodate the delivery and scaling of a wide range of business-critical services. Our distributed cloud approach enables customers such as Volkswagen to keep data and applications where they need them—just one reason why we are seeing significant traction for Oracle Exadata Cloud@Customer in financial services.”

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