By Parnian Taidi-Oracle on Feb 19, 2015
Temenos, a market leader for banking software, is always looking for ways to use innovation to improve banking for their customers. The benefits of using modern software are clear to them: customers are more agile, able to offer more personalized products and services, to operate at lower unit costs, to react quicker to market opportunities and to manage risk better. Temenos has grown its product set from core banking to payments, wealth management, business analytics and channels, offering a comprehensive solution set to meet the industry’s needs. It has more than 1,600 installations in over 150 countries.
WealthManager is an integrated Wealth Management Platform designed to simplify and improve the daily work of professionals who advise and serve private investors. Recently Temenos achieved Oracle SuperCluster Optimized status after testing and tuning WealthManager R13 on Oracle SuperCluster T5-8 with Oracle Solaris 11, Oracle Database 11g Release 2 and Oracle Exadata Storage Server Software 11g. They wanted to test the high scalability of WealthManager to enable rapid expansion of customer implementations and support the high-volume requirements of the largest banks while increasing customer satisfaction by meeting financial processing SLAs.
"A testament to WealthManager scalability is Oracle SuperCluster's ability to handle CPU & I/O intensive operations yielding throughput benefits that enable us to meet stringent Service level agreements" - Janet Julian, Product Manager, WealthManager, Temenos.
The results showed high intensity financial engines executing 2x-3x faster compared to previous benchmarks and their largest customer throughput, as well as less than 2s average response times for 3x users and data volumes.