By Parnian Taidi-Oracle on Aug 31, 2015
Earlier this year Temenos, a market leader for banking software, optimized their integrated Wealth Management Platform: Temenos WealthManager, on Oracle SuperCluster. See blog for details. Now they have optimized their flagship product T24 on it.
T24 is a complete front- to back-office, CRM and product lifecycle management software platform that powers core banking operations. Consistently ranked as the first or second best-selling core banking software platform worldwide for the past 14 years (International Banking Systems Sales League Table), T24 has been developed using a complete service-oriented architecture that’s modular so banks can deploy and integrate the required functionality alongside the needs of their business.
Tests were run with the following:
- Temenos T24 R14 Core Banking
- Oracle SuperCluster M6-32 (used at Half capacity) with:
- 2 x M6 Cabinet : 8 CPU each (50% of CPU capacity )
- Exadata Storage Server software
- Exalogic Elastic Cloud software
- Exadata Storage Rack : 9 Storage Cell
- Oracle Database Enterprise Edition 11GR2
- Oracle Transparent Data Encryption (Advanced Security)
- Weblogic Enterprise Edition 11G
Lower TCO, Maximum Performance and Reliability
This solution at a customer deployment provided savings of close to $5.6 million over 5 years with lower TCO and much higher availability. Storing the Temenos core banking data on SuperCluster storage cells costs 50% less than before.
“Temenos T24 on Oracle’s M6-32 SuperCluster engineered system enables Temenos’s customers to securely consolidate their solution at a large ratio without affecting performance, replacing a number of machines with capacity still available for future plans as well as growth. Temenos T24 on Oracle SuperCluster improves efficiency, performance and reduces costs, leading to a better customer experience. With storage performance improving 10x on existing solutions and a TCO providing massive savings, the platform considerably improves security, performance and availability over existing deployments.” - Simon Henman, Temenos performance manager.
More information about Temenos can be found here.