REPUBLIC OF KOREA and AUSTIN,
Texas, Nov. 12, 2021
/PRNewswire/ -- Samsung Securities, Korea's leading
financial investment company, has selected Oracle Cloud
Infrastructure (OCI) to underpin its digital innovation strategy as
the company looks to respond to changes driven by the rise of
digital finance in a post-pandemic world.
Samsung Securities operates in the global market with 45
domestic branches and five overseas offices in New York, London, Tokyo, Beijing and Hong
Kong. Samsung Securities has been working with Oracle to
determine how to best use technology to analyze derivatives in
support of the development and operation of the company's stock and
derivatives market trading and equity investment business. By
migrating to the public cloud, the company has secured the
flexibility, reliability and high performance computing
capabilities required to effectively run advanced analytics in the
rapidly changing financial market environment. Even in situations
where there are significant or unexpected changes in the stock
market requiring the need for swift and in-depth insight on key
markets and derivatives, Samsung Securities is now able to analyze
the derivatives in near real-time, to maximize customer
profits.
Through its transition to the cloud, Samsung Securities is able
to gain access to flexible, secure and high-performance computing
resources not previously available with its legacy system.
The new OCI cloud capabilities have improved system performance.
Complex analysis and simulations can now be performed cost
effectively with highly available computing resources, increasing
convenience and removing the need for complex scheduling. The
company has also implemented an information management system based
on actual usage that allows money managers to better understand and
maximize the return on derivatives. The new system also provides a
strong foundation for digital innovation, allowing users to
flexibly configure and set up development and test environments to
support service improvement.
Additionally, Samsung Securities has set up a disaster recovery
(DR) environment for the cloud system to ensure maximum
availability of its derivatives analytics platform which can also
be utilized to scale IT resources for future derivative
analytics. The company plans to continuously expand its use
of the cloud to support various services such as real-time 'quant'
trading to enable analysts to respond more efficiently to changing
market conditions.
"The new normal of virtual communication, post pandemic, has
made digital innovation and risk management increasingly important
for the financial industry," said Hoon-Kyo
Lee, Managing Director, Information Strategy Team, Samsung
Securities. "The shift of Samsung Securities' derivatives analysis
business to the cloud, in cooperation with Oracle and leveraging
their strengths in enterprise cloud services, is helping cement a
data driven foundation for digital innovation that will only
strengthen Samsung Securities' future core competitiveness."
"As a trusted leader for financial investment, Samsung
Securities is constantly looking for innovative technologies to
enable their customers to grow their assets," said Tom Song, CEO, Oracle Korea. "With Oracle Cloud,
the next-generation cloud designed to run any application faster
and more securely for less, they now have the foundation needed to
effectively respond to changing market conditions and customer
needs."
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 www.oracle.com.
Trademarks
Oracle, Java, and MySQL are registered trademarks of Oracle
Corporation.
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SOURCE Oracle