Westpac Banking Corporation Selects Oracle Engineered Systems to Speed Time to Single Source of Customer Truth

Thu Jan 31, 2013 8:15am EST

* Reuters is not responsible for the content in this press release.

  REDWOOD SHORES, CA, Jan 31 (Marketwire) -- 

    News Facts

--  Oracle today announced that Westpac Banking Corporation (Westpac) has
    selected Oracle Exadata Database Machine and Oracle Exalogic Elastic
    Cloud to support the ongoing deployment of Oracle-based Master Data
    Management (MDM) applications, in order to achieve the goal of having
    a single view of its customer information. The bank expects to improve
    system performance and availability and at the same time realize
    significant cost savings over the next five years, based on proof of
    concept (PoC) performance tests.
--  Westpac's MDM application, which underpins all of its retail banking
    transactions across its multi-brand organisation, is based on Oracle's
    Siebel Universal Customer Master (UCM) solution. Its comprehensive
    functionality enables Westpac with the capability to aggregate and
    manage customer data over the full customer lifecycle: capture of
    customer data, standardization and correction of names and addresses;
    identification and merging of duplicate records; enrichment of the
    customer profile; enforcement of compliance and risk policies; and the
    distribution of the "single source of truth" best version customer
    profile to operational systems.
--  The Oracle engineered systems were selected after rigorous benchmark
    testing that showed a significant improvement over the existing
    mainframe infrastructure being run by the bank with transaction
    volumes of 10,000 tps on a simple query against a target of 800, and
    response time of 29ms on a simple query against a target of 200.(1)
--  Additionally, Westpac expects to achieve significant cost savings over
    the next five years using Oracle Exadata Database Machine and Oracle
    Exalogic Elastic Cloud.
--  Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud are
    pre-engineered hardware and software systems and their implementation
    will enable Westpac to reduce the complexity of its IT infrastructure.
    As the systems come pre-assembled, installation can be completed in a
    matter of weeks rather than months.
--  Oracle Exadata is designed to run high performance databases. Oracle
    Exalogic provides extreme performance, reliability and scalability for
    Java, Oracle Fusion Middleware, Oracle Applications and ISV
    applications, while delivering lower total cost of ownership, reduced
    risk, higher user productivity and one-stop support.
--  The new systems will be managed by Oracle Managed Cloud Services. In
    addition to Oracle Engineered Systems, the new platform will include:
    Oracle Database Enterprise Edition 11g; Oracle Database Options
    including Partitioning, Real Application Clusters, Advanced Security,
    Advanced Compression; Oracle Enterprise Manager 12c including the
    Cloud Management Pack for Oracle Database, and Oracle GoldenGate.


Supporting Quotes

--  "We are responding to the changing face of banking by significantly
    enhancing our branch and digital offerings," said Jeff Jacobs, Chief
    Technology Officer, Westpac Group. "Providing more flexible and agile
    branches and continuing to innovate in online and mobile are key to
    the success of our strategy. Oracle's platform will help us provide a
    single source of customer truth that delivers a consistent and high
    quality experience -- irrespective of how our customers choose to bank
    with us."
--  "This collaboration with Oracle is an important piece of work for
    Westpac Group and builds on the high quality relationship that the two
    companies have enjoyed for a number of years," said Jacobs.
--  "We made a commitment to providing our customers with the most
    comprehensive cross-stack solutions available in the market today, so
    that they can deliver the best possible experiences to their own
    customers," said Ian White, Senior Vice President and Managing
    Director, Oracle Australia and New Zealand. "By combining the existing
    Oracle applications with Oracle Engineered Systems, Westpac has built
    on a robust platform that will deliver scalability, flexibility,
    reliability, security and sustainability, whilst also enabling it to
    reduce complexity internally and provide customer-facing applications
    that make things simpler for their users."


(1) Simple query result 250MM data volume, 60 minute duration, for
300 users. Results vary for complex query, number of users.

    Supporting Resources

--  Oracle Exalogic Elastic Cloud
--  Oracle Exadata Database Machine
--  Learn more about Oracle Exalogic Customers
--  Learn more about Oracle Exadata Customers
--  Oracle Cloud
--  Connect with Oracle Exalogic Elastic Cloud on Twitter and YouTube
--  Connect with Oracle Database via Blog, Facebook and Twitter
--  Connect with the Oracle Cloud online communities: Facebook, Twitter,
    LinkedIn and Oracle Cloud Blog


About Westpac
 Westpac Banking Corporation (Westpac) was founded in
1817 and was the first bank established in Australia. Westpac Group has
branches and controlled entities throughout Australia, New Zealand and
the near Pacific region and maintains offices in key financial centres
around the world including London, New York, Hong Kong and Singapore.
Westpac is ranked in the top 5 listed companies by market capitalisation
on the Australian Securities Exchange Limited (ASX). As at 30 September
2012, its market capitalisation was A$76.5 billion. About 570,000 people
and institutions in Australia and overseas are Westpac shareholders.

    About Oracle Exalogic
 Oracle Exalogic Elastic Cloud is a superfast
engineered system designed, optimized and certified for running Java,
Oracle and non-Oracle business applications with simplified management,
open standards compliance and one-stop support. It provides customers the
best choice for extreme data center performance, reliability and
scalability, and enables a lower total cost of ownership and faster time
to market.

    About Oracle Exadata
 The Oracle Exadata Database Machine is the only
database machine that provides extreme performance for both data
warehousing and online transaction processing (OLTP) applications, making
it the ideal platform for consolidating onto grids or private clouds. It
is a complete package of servers, storage, networking, and software that
is massively scalable, secure, and redundant. With Oracle Exadata
Database Machine, customers can reduce IT costs through consolidation,
manage more data on multiple compression tiers, improve performance of
all applications, and make better business decisions in real time.

    About Oracle
 Oracle engineers hardware and software to work together in
the cloud and in your data center. For more information about Oracle
(NASDAQ: ORCL), visit www.oracle.com.

 Oracle and Java are
registered trademarks of Oracle and/or its affiliates. Other names may be
trademarks of their respective owners.


Contact Info

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Jacki DeCoster

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