Rimini Street, a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, announced today that The Iyo Bank, Ltd., a major regional bank in Japan, has switched to Rimini Street for support of its Oracle Database system. By switching to Rimini Street, The Iyo Bank is saving time, cost and resources previously used for database maintenance, and plans to utilize these savings to accelerate the development of innovation projects to improve their customers’ experience.
Read More: GlobalFintechSeries Interview with Erick Pinos, Ecosystem Lead at Ontology
Japanese bank, The Iyo Bank, switched from Oracle to Rimini Street Support to save $$ on its costly database maintenance. The company plans to divert these savings to accelerate innovation projects to improve customer experience. https://bit.ly/3h4orsN
The Iyo Bank operates 152 branches both within and outside Japan and has been using Oracle Database for over 15 years as part of its loan support system. After reviewing the company’s IT expenses, the IT department determined that increasing Oracle Database maintenance costs were a significant burden and needed to be reduced. While searching for a solution to address this, The Iyo Bank discovered that by adopting third-party support from Rimini Street, it would be possible to maintain its existing Oracle Database system at a significantly lower cost and avoid an expensive system upgrade, yielding both cost and internal resource savings.
Read More: GlobalFintechSeries Interview with Patrick Turiano, Director of Marketing at Paysafe Group
Competitive Industry Requires Both High-Availability Support and ROI
The banking industry requires continuous, high-quality support for core systems and mission-critical databases. In addition, the profit environment surrounding regional banks is rapidly changing, and The Iyo Bank is working to transform their IT department from one that undertakes system development to one that proposes innovations using ICT technologies. As a result of reducing costs for their database system maintenance, The Iyo Bank will increase its competitiveness, acquire new customers and increase the satisfaction of existing customers by providing new added value and convenience to its customers. To accomplish this, instead of following a vendor-led IT roadmap based on software upgrade plans presented by the vendor, The Iyo Bank can now formulate and implement a business-driven roadmap in line with its business objectives. By switching to Rimini Street support, The Iyo Bank now receives ultra-responsive, high-quality support for their current Oracle Database for a minimum of 15 years from the time they switched to Rimini Street, and can drive their support savings toward the implementation of digital initiatives.
“Moving away from Oracle Database with high reliability was not an option for us because we rely heavily on our current system, but maintenance and related costs were a huge burden for a bank of our size,” said Mr. Shota Yano, IT department manager at The Iyo Bank. “We were impressed by the cost benefits of Rimini Street’s third-party support, which will allow us to continue to maximize our database system for many years to come with no required upgrades, and as a result, we expect a much higher return on our database software investment.”
Read More: Healthfully and Paya Deliver Expanded Patient Care and Payments Through New Partnership
