The authors would like to thank Larry Wong for his contributions to this blog.
Oracle Banking Digital Experience (OBDX) is a digital banking solution that provides ready-to-go retail, corporate, and Islamic banking experiences across multiple channels while integrating with a banks existing system for core banking. When considering the practice of modernizing technology for financial services organizations, one-size-fits-all isn’t always applicable. This statement is especially true for banking applications because each bank has a unique strategy. Many factors influence the decision of an on-premises deployment or a cloud-based deployment and whether to use platform as a service (PaaS) or infrastructure as a service (IaaS).
According to the Project Management Institute (PMI), every project is unique. Customers should have a choice when deciding how to implement banking solutions. Adapting the statement into the financial services industry, choosing the deployment model is all about context.
So, which model is ideal for delivering a scalable reliable digital banking platform and one that offers the best customer experience? The answer is in the context. The following sections cover situations that apply to why customers need different deployment options.
Can you deploy OBDXin any one of these service models? Yes! Customers can choose to deploy OBDX in its different forms, considering their unique context. While you can deploy OBDX on-premises or on other cloud providers, this article explores the options and variations of deployment that differentiate Oracle Cloud Infrastructure (OCI).
Let’s look at required layers of deployment for OBDX in each model. Then we can cover the deployment models and see the differentiations among each.
With infrastructure as a service, customers can use the OCI Gen 2 cloud to deploy OBDX on a cloud designed to run applications securely and cost-efficiently and with optimum performance. Deploying OBDX with the IaaS model requires knowledge of OCI services related to networking, compute, storage, and databases. It also requires an understanding of data residency requirements that might exist to choose IaaS in a public or private cloud with equivalent services in each.
Customers can create virtual cloud networks (VCNs), flexible load balancers, and even use API gateways to service all the network requirements of OBDX. With the Compute service, customers have various shapes that they can provision for self-service using the specifications they want. After they provision the Compute instances on the VCN and attach OCI Block Volume storage, they can install the OBDX application software.
You can deploy the latest versions of WebLogic middleware from the Oracle Cloud Marketplace. You can also use a container version of WebLogic with Oracle Container Engine for Kubernetes (OKE). Customers can integrate WebLogic with Oracle Coherence, which provides fault-tolerant data caching and supports millions of simultaneous users with speed and efficiency.
You can install Oracle Database software directly on Compute shapes or use the IaaS and PaaS models. You can automate most steps in the IaaS deployment model with infrastructure as code (IAC).
IaaS implementations have the following benefits:
With the hybrid IaaS and PaaS service model, deployment is like the IaaS model. All steps are the same except for database deployment. Customers can deploy the OBDX database based on their requirements with Database Cloud service, Exadata Cloud service or Autonomous Database.
Database cloud service gives you an option to provision an Oracle database version of your choice without any installation or OS configuration. You can also use the Database Cloud service to provision Real Application Clusters (RAC) for maximum availability.
The Exadata Cloud service option offers RAC, the latest Oracle Database versions, and provides high performance and availability with hardware designed for Oracle databases. You can also use the world’s only autonomous database. Oracle Autonomous Database is a cloud database that uses machine learning (ML) to automate database tuning, security, backups, updates, and other routine management tasks traditionally performed by database administrators. Unlike a conventional database, an autonomous database performs all these tasks and more without human intervention. You can deploy IaaS and Paas in OCI Dedicated Region, enabling clients to meet governance, regulatory compliance, and data privacy requirements while experiencing the full benefits of the public cloud.
Hybrid PaaS and IaaS implementations have the following benefits:
In the SaaS deployment model, OBDX functions the same as in other models but with more SaaS benefits. Customers can reduce the amount of IT time spent on OBDX with decreased technical responsibility required in the SaaS model. You can rest assure that OBDX has availability backed by service level agreements (SLAs) and that the infrastructure and technology layers are completely abstracted.
Behind the scenes, OBDX is deployed in a highly scalable architecture with a business continuity plan for each customer. You can deliver OBDX in environments isolated for developement, QA, and production. You can also facilitate OBDX application integration with services such as Oracle Integration Cloud, Oracle Analytics Cloud, and more.
SaaS implementations offer the following benefits:
You have multiple options for deploying OBDX, and you decide which option fits the context of your strategy. Each option equips you with a cloud that’s global, secure, fast, and built with next-generation infrastructure when you run Oracle Banking Digital Experience on Oracle Cloud Infrastructure.
To learn more, see the following resources:
Working with Oracle technology since 1995, working at Oracle since 2007.
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