Adenza Chooses Oracle Autonomous Database to Expand its Multi-Cloud Risk Analytics Services

Rhea-AI Summary

Adenza has chosen Oracle Autonomous Database to enhance its AxiomSL RegCloud regulatory reporting product line. The integration allows for a smooth migration of customers from on-premises Oracle deployments to RegCloud, leveraging Oracle's cloud capabilities for improved performance and security. With this partnership, Adenza aims to meet increasing regulatory demands effectively, as data inputs for reports have surged by over 300% in the last decade. The client base of AxiomSL represents $45 trillion in total assets, emphasizing the importance of data privacy and security.

Positive

• Adenza's integration of Oracle Autonomous Database enhances the functionality and security of its AxiomSL RegCloud solution.
• The adoption of Oracle's database allows for a seamless migration from on-premises systems, improving performance and reducing management overhead.
• AxiomSL's regulatory reporting client base includes 80% of Global Systemically Important Banks, highlighting its market significance.

Negative

• None.

AUSTIN, Texas, Sept. 16, 2021 /PRNewswire/ -- Adenza, a leading global provider of end-to-end, trading, treasury, risk management, and regulatory compliance for the financial services industry, has selected Oracle Autonomous Database—both Autonomous Transaction Processing and Autonomous Data Warehouse—to enhance its regulatory reporting product line AxiomSL's RegCloud. Adenza chose Oracle Autonomous Database for its unprecedented availability, performance, and security, each of which is critical in the regulatory industry. With Oracle Autonomous Database running on Oracle Cloud Infrastructure (OCI), Adenza can easily migrate its AxiomSL's customers from on-premises Oracle Database deployments to RegCloud.

Taking advantage of the Oracle Autonomous Database self-driving, self-securing, and self-repairing capabilities, Adenza will help ensure its critical infrastructure is running efficiently with performance that is significantly faster than on-premises alternatives, even when testing queries with more than 160 million rows of data—a requirement since data inputs needed for regulatory reports have increased by over 300 percent over the last 10 years.

The addition of Oracle Autonomous Database on OCI to Adenza's AxiomSL RegCloud SaaS offering allows further flexibility to customers who have deployed Oracle Database on-premises or have chosen Oracle Database for cloud services. In this multi-cloud environment, RegCloud runs the risk and regulatory applications on AWS while customers store and manage their data on Oracle Autonomous Database and use OCI FastConnect to access the application.

"Combining the power of the cloud with the intelligent responsiveness of adaptive machine learning, Oracle Autonomous Database offers another avenue for our company to provide customers with a smooth migration to the cloud," said Vladimir Etkin, chief technology officer, Adenza. "The ability to quickly adapt to changing regulatory requirements is critical to our clients. With Oracle Autonomous Database running on OCI, our customers have access to a single, converged database service that reduces risk, improves performance and removes a significant amount of labor from managing cloud-scale data."  

"Adenza AxiomSL business unit is an industry-leading data management platform for risk and regulatory reporting," said Andrew Mendelsohn, executive vice president, Database Server Technologies, Oracle. "With Oracle Autonomous Database, we provide a highly performant, self-driving, self-securing, and self-repairing cloud service compatible with on-premises Oracle Database environments. For customers this means a smooth database migration to OCI while all of the automation enables the Adenza's AxiomSL RegCloud IT team to focus on what they do best, rather than manual database management, tuning and administration tasks."

Adenza's AxiomSL Regulatory Reporting solutions' client base represents $45 trillion in total assets and includes 80 percent of Global Systemically Important Banks (G-SIBs). The company, with 30 years' experience in the field, delivers more than 5,000 risk and regulatory reports, across 50 jurisdictions and 110 regulators. Therefore, data privacy and security were also top of mind for Adenza in selecting Oracle Autonomous Database to help ensure that its customers meet global regulatory mandates. Oracle Autonomous Database protects sensitive and regulated data automatically, patches databases for security vulnerabilities, and prevents unauthorized access, providing security at every level of the stack.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

Additional Resources

• Learn more about Oracle Autonomous Data Warehouse
• View the latest Autonomous Data Warehouse innovations
• Learn more about Oracle Autonomous Transaction Processing
• Read the Adenza success story
• Learn more about AxiomSL RegCloud^®

Trademarks
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/adenza-chooses-oracle-autonomous-database-to-expand-its-multi-cloud-risk-analytics-services-301378258.html

SOURCE Oracle

FAQ

What is the significance of Adenza choosing Oracle Autonomous Database?

Adenza's choice to integrate Oracle Autonomous Database will enhance its AxiomSL RegCloud regulatory reporting capabilities, ensuring better performance and security.

How does Oracle Autonomous Database improve regulatory reporting for Adenza?

Oracle Autonomous Database allows Adenza to process regulatory reports faster and efficiently while addressing the significant increase in data inputs over the years.

What assets do Adenza's AxiomSL clients represent?

Adenza's AxiomSL clients represent a total of $45 trillion in assets, which underscores the critical role of its regulatory reporting solutions.

How is Oracle Autonomous Database beneficial for clients migrating from on-premises solutions?

The database provides a smooth migration path for clients, reducing risks and improving the performance of their regulatory reporting infrastructure.