Under growing regulatory and cost pressures, Germany’s Deutsche Bank is overhauling the way it manages data. The biggest bank in Europe’s top economy has moved more than 1,300 Oracle Databases—out of a total of 7,000—to a system that can speed analysis and payments processing while saving hundreds of millions of euros.
The banking industry is under pressure to control costs, and improving its IT has long been on Deutsche Bank’s to-do list. It’s seeking a competitive edge by migrating thousands of databases to Oracle Exadata Cloud@Customer, a service Oracle manages so the software and computers running it reside in Deutsche Bank’s data centers.
The setup also lets the bank comply with divergent data residency rules in the countries where it does business, says Global Head of Database Services Marcus Praetzas. Halving energy usage is another benefit. Now to finish the project, he says, “We need to pick up speed.”
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