First Investment Bank AD offers retail, private, and corporate banking services in Bulgaria and the Balkans. It is the third-largest bank in Bulgaria with 200 branches, 650 automated teller machines, 960,000 active customers, and 1.4 million accounts.
After comparing HP and Oracle Exadata Database Machine Full Rack’s performance, First Investment Bank found that Oracle Exadata offered greater reliability and availability and could scale incrementally to handle the bank’s growing business. In addition, Oracle’s pre-integrated technology stack would streamline maintenance and support, and the bank knew that having a single-vendor infrastructure would eliminate any potential for incompatibility issues between software and hardware.
“Oracle Exadata comes pre-engineered for unbeatable performance, resilience, flexibility, and cost of ownership from a single vendor,” said Vesela Stoynovska, database administration, senior specialist, First Investment Bank AD. “Its no-limits scalability means we will not need to buy additional hardware for at least three years.”
Oracle Consulting built the bank’s production environment and worked with Oracle Premier Support for Systems to install and configure the new solution to the bank’s needs. The IT team from First Investment Bank used Oracle GoldenGate to migrate and replicate data from the legacy system to Oracle Exadata during the implementation while ensuring continuous banking system availability to customers and employees. Oracle GoldenGate also provided a fail-safe solution by enabling the bank to restore service in minutes in the event of unexpected issues during its mission-critical data transfer.
“Oracle GoldenGate enabled us to complete the migration to Oracle Exadata with no data loss, no impact on any of our core banking systems, and no interruption to customer service,” said Svetoslav Moldovansky, executive director, member of the management board, First Investment Bank AD. “We will continue to rely on the support of Oracle Platinum Services to optimize our investment’s value as our business expands.”
Oracle Partner Balkan Financial Services helped upgrade the bank’s database in time for migrating to Oracle Exadata. Balkan Financial Services also assisted in carrying out functionality tests to ensure successful replication using Oracle GoldenGate prior to running the applications in the Oracle Exadata environment.
“Balkan Financial Services’ expertise helped us complete a smooth migration to Oracle Exadata,” Stoynovska said.