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Follow on Google News | CustomerXPs' Clari5™ Delivers Elevated Performance with Oracle Database In-MemoryBy: CustomerXPs May 31, 2016, Bangalore, India: Financial institutions globally are under increasing pressure to rapidly detect, prevent and block cross-channel fraud and financial crimes across banking channels, products, and core systems in real-time. This becomes dramatically more effective when banks unify all fraud management into a single platform. This central-nervous- CustomerXPs Software, an enterprise software product company offering Enterprise Financial Crime Management and Customer Experience Management products for Tier-1 global banks, recognized this need and validated Clari5 with Oracle Database In-Memory. CustomerXPs, a Gold level member of Oracle PartnerNetwork (OPN), ran Oracle Database In-Memory without requiring any application changes. Test results showed that queries and reports ran significantly faster, helping financial institutions that run CustomerXPs Clari5 perform even more complex analyses and increase the scale of operations while improving real-time responsiveness. The integration of CustomerXPs Clari5 with Oracle Database In-Memory brings a number of benefits to banks looking for these solutions: •Scalability: •Performance: •Agility and Productivity: Oracle Database In-Memory delivers leading-edge in-memory performance without the need to restrict functionality or accept compromises, complexity and risk. Deploying Oracle Database In-Memory with virtually any existing Oracle Database-compatible application is as easy as flipping a switch-no application changes are required. The Oracle Database In-Memory option enables near instant analysis of data in existing applications, allowing users to make better decisions faster and with complete confidence. Database In-Memory enables ISV applications to transparently take advantage of in-memory processing. "We at CustomerXPs are looking for technologies that can further improve the real-time responses of Clari5, as our global tier-1 banking customers are now demanding answers for more and more complex real-time problems, which typically were considered unsolvable. The combination of Oracle Database In-Memory and Clari5 enables richer, deeper analysis and real-time insight at the point of transaction itself," said Rivi Varghese, Chief Executive Officer, CustomerXPs . "With this increased real-time visibility and agility, banks are better able to identify, intervene and respond to fraudulent actions and help decrease their financial risk." "Oracle Database In-Memory was created to bring real-time analytics to existing Oracle databases with almost no effort," said Tim Shetler, vice president, Product Management, Oracle. "CustomerXPs has validated the benefits of Oracle Database In-Memory for one of the most business-critical applications in our time." About Oracle Database In-Memory •Oracle Database In-Memory enables customers to accelerate database performance by orders of magnitude for analytics, data warehousing, and reporting while also speeding up online transaction processing (OLTP). •An innovative, dual-format in-memory architecture combines the best of row format and column format to simultaneously deliver fast analytics and efficient OLTP. •Oracle Database In-Memory allows any existing Oracle Database-compatible application to automatically and transparently take advantage of columnar in-memory processing, without additional programming or application changes. •The ability to combine real-time data analysis with sub-second transactions on existing applications enables organizations to become Real-Time Enterprises that quickly make data-driven decisions, respond instantly to customers' demands, and continuously optimize all key processes. To find out more, visit http://www.oracle.com/ About Oracle PartnerNetwork Oracle PartnerNetwork (OPN) is Oracle's partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle's products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program - an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: Trademarks Oracle and Java are registered trademarks of Oracle and/or its affiliates. End
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