HSBC migrating database systems to Oracle

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Oracle and HSBC have announced a multi-year agreement. Under the terms of the new deal, HSBC will upgrade and migrate select database systems to Oracle Exadata.

The Oracle platform is also expected to enable HSBC to bring cloud automation to manage legacy applications, and easily scale services according to customer and local-market demands.

The collaboration contributes to HSBC’s multi-year initiative to transform its technology infrastructure, the companies said in a statement.

[Image courtesy: HSBC]