Oracle has announced that performance testing with Oracle Financial Services Profitability Management running on the Oracle Exadata Database Machine has delivered outstanding results for calculating profitability measures at extreme speed.
Oracle Financial Services Profitability Management running on the Oracle Exadata Database Machine computed profitability for 172 allocation rules across 250 million accounts and more than 1 billion transactions in only 4 hours and 45 minutes. According to Oracle, these results show it is now practical to generate detailed profitability reports at the account level on a daily, even intra-day basis. The data represents industry-leading performance for volumes reflective of the largest tier-one global financial services institutions, the company notes. Performance testing was completed using a full-rack Oracle Exadata Database Machine running Oracle Database 11g and Oracle Real Application Clusters. The application tier was installed on Oracle's Sun SPARC Enterprise M9000 server running Oracle Solaris to drive the load.
"The performance testing of Oracle Financial Services Profitability Management running on the Oracle Exadata Database Machine clearly demonstrates the analytical processing power that financial services institutions can leverage to drive profitability and efficiency. With the ability to capture a daily view of profitability and risk-adjusted performance management, banks can make more timely, informed decisions to tightly manage their businesses," says S. Ramakrishnan, general manager and group vice president, Oracle Financial Services Analytical Applications.
The performance gains achieved when running Oracle Financial Services Profitability Management on the Oracle Exadata Database Machine enable bank executives to quickly assess the profitability of new products and make necessary adjustments to easily obtain a daily view of the costs allocated to managing individual portfolios of services for customers and to immediately respond to market realities and changing rates. Oracle Financial Services Profitability Management is part of the Oracle Financial Services Analytical Applications family of Risk, Finance, Compliance and Customer Insight solutions and is currently in use with tier-one financial institutions around the world.
For more about Oracle Financial Services Profitability Management, go here.
For more about the Oracle Exadata Database Machine, go here.