Bank of Valletta is a leading financial services provider in Malta, delivering a full range of financial services, including investment and private banking, fund management, and securities trading. The bank operates 41 branches, a corporate center, six business centers and a wealth management division. As Malta's oldest financial services provider and one of its largest, Bank of Valletta also operates offices in Australia, Libya, and Milan.
Bank of Valletta uses Oracle Database 11g as the foundation for its critical customer-facing and back-office systems. The bank benefits from third-party tools into which Oracle GoldenGate and Oracle Tuxedo are embedded to ensure continuous uptime and high performance for its online customer services. Oracle’s SPARC Enterprise M5000 servers and Oracle disk storage arrays further improve resource utilization and strengthen resilience and availability. The Oracle solutions help the bank to optimize hardware and software performance, reduce costs and risk, and streamline vendor management.
“The combination of Oracle software and hardware reduces risk, increases system performance, and drives down costs by giving us pre-engineered hardware and software from a single vendor. Why change a winning formula?” said Joseph Agius, executive head, information technology, Bank of Valletta p.l.c.
Bank of Valletta purchased Oracle Database in 1998 for the unrivalled scalability and reliability it provides for the bank’s critical operations. The high performance of the third-party solutions into which Oracle GoldenGate and Oracle Tuxedo are embedded has strengthened Oracle’s position as a strategic technology supplier.
Bank of Valletta implemented Sun hardware in 2001 when it upgraded from a mainframe environment. The bank benchmarked several leading hardware vendors and selected Sun for its computing power and ability to optimize space and power requirements and scale to growing application workloads. Sun’s storage solutions delivered affordability and business-ready functionality.
Bank of Valletta refreshes and modernizes its hardware and software platforms every five years. The bank always evaluates competitor products but Oracle’s solutions continue to provide best performance and value for money. The combined power of Oracle hardware and software ensures upward compatibility of each new generation of hardware and software and has reinforced the bank’s decision to build its future on the Oracle platform.