KARACHI: Meezan Bank Ltd has been using Oracle Exadata Database Machine to cut the close of business time by 30 percent.

“Banks in Pakistan are increasingly adopting Oracle Exadata Database Machine to run their core banking applications and experiencing significant performance enhancements,” said Waqas Hashmi, country sales director – technology business, Oracle Pakistan and Afghanistan.

Faizur Rehman, CIO, Meezan Bank Ltd, said, “We needed a highly available and high performance platform to host our core banking application supporting our rapid business growth and branch network expansion while keeping administrative tasks and operating expenses to a bare minimum.”

By successfully deploying its core banking database on Oracle Exadata, the bank has been able to significantly lower its software licensing requirements and shrunk its close of business time by 30 percent, while using 30 percent fewer cores.