LOLC Group is one of the biggest conglomerates in Sri Lanka. They have rapidly evolved into being one of the biggest non-banking financial institutions in the country.
LOLC was experiencing major issues related to page load times for their in-house developed core banking system. Since their core system worked with associated heterogeneous systems which had been developed over the last 25 years, infrastructure monitoring and management turned out to be quite complicated.
By implementing Oracle Management Cloud (OMC), LOLC was able to quickly identify the problems and reduce page load times from 50 seconds to just 2 seconds. Following this success, they are now adopting Security Monitoring and Analytics (part of OMC) to gain insight into their banking application performance and security by leveraging the built-in Artificial Intelligence capabilities of OMC.
Watch this video to hear Prasanna Siriwardena, CIO of Financial Services at LOLC Technologies, talk about his experience with Oracle Management Cloud helping them create an unified platform for security and system operations management.
To learn how Oracle Cloud Platform can help your organization with systems management and other needs, visit oracle.com/paas.