Oracle India has announced growing demand for Oracle GoldenGate, a component of Oracle Fusion Middleware among India’s leading banking and financial service industry (BFSI) and telecom companies.
With transaction volumes increasing at exponential rates and more business processes being conducted online, organizations are realizing the need for a solution that will help them collect and deliver immediate access to tremendous amount of enterprise data. Oracle GoldenGate, a real-time data integration solution, has become popular among India’s private and public sector banking and financial institutions, the company said. Bank of Baroda, SBI, Yes Bank, ICICI Bank, Federal Bank, Syndicate Bank, HDFC Bank, Bombay Stock Exchange are some customers using it extensively.
The solution has been able to support them in their mergers and acquisitions processes, in fraud detection, in meeting the strong need for customer retention and better customer profiling, in Core Banking Solutions (CBS) reporting, even real-time data replication, real-time SMS alerts, Internet banking and many more crucial business processes.
With India’s growing mobile user population (India has is 864 million mobile subscribers[iii]), and the heightened need to collect data in real time and improve organizational decision-making through enterprise-wide visibility into accurate, up-to-date information, quite some telecom operators have also deployed Oracle GoldenGate – Aircel, Tata Teleservices, MTS, Reliance Communications are a few customers in this vertical.
Oracle GoldenGate is a high-performance software application that helps business-critical systems ensure they offer fast and easy access to the up-to-date data, and helps them quickly adapt to changing business and IT demands. It offers real-time log-based change data capture, transformation, routing and delivery of transactional data across heterogeneous systems. With its bidirectional data replication capabilities it enables companies to ensure that their critical IT systems have 24/7 availability.
“With support for a wide array of continuous availability, disaster tolerance, and real-time data integration scenarios, Oracle GoldenGate provides a modular foundation that easily scales to address the high-volume, low-impact data integration challenges faced by enterprises today,” said Kalyan Roy, Head – Data Integration Systems Sales, Oracle India. “Oracle GoldenGate helps businesses integrate disparate data from multiple heterogeneous sources and allows them to make real-time business decisions; while improving performance, reliability, flexibility and integration.”