Bank of Africa UK migrates to Oracle cloud
Bank of Africa UK, a London-based bank specialising in African markets (previously known as BMCE Bank International), has migrated its core banking systems from on-premises to Oracle Cloud Infrastructure (OCI).
The Oracle Cloud London Region is powered entirely by renewable energy, according to the vendor.
Mohammed Anouar Kouhen, COO of Bank of Africa UK, says cloud technologies are “foundational” to how the bank runs core banking operations and designs and scales its products and services.
“Our collaboration with Oracle is important in advancing our transformation programme,” he says.
“Our applications running on OCI benefit from a flexible platform that enables us to adapt and scale critical services at speed, and gives us significantly stronger performance, security controls, and cost efficiencies.”
The bank already leverages Oracle Fusion Cloud Enterprise Resource Planning (ERP), run on OCI.
The cloud environment will also be used for the bank’s new core banking system, Temenos Transact, which is penned to go live later this year.