Oracle to embed Solix enterprise data management into Flexcube

Source: Oracle Financial Services Software

Solix Technologies, a provider of enterprise data management solutions used by large enterprise customers to manage business critical data, on February 18, announced that the company entered into a global partner agreement with Oracle Financial Services Software, a majority owned subsidiary of Oracle Corporation.

Based on the agreement, Oracle Financial Services Software will offer Solix EDMS as embedded functionality in Oracle Flexcube to help automate archive and purge processes by classifying data, configuring and executing archiving and data migration routines.

This will help ensure that data remains secure giving Oracle Flexcube customer`s greater control over enterprise data. Moreover, Oracle Flexcube would be enabled to ensure that data can be restored quickly and accurately as and when required. This coupled with the ability to retain real-time historical data is expected to deliver added value to Oracle Flexcube customers, helping them comply with legal and regulatory requirements.

With built-in access to the Solix EDMS functionality, Oracle Flexcube is expected to provide the following benefits:

• Improved system performance and response times by keeping the Flexcube database as slim as possible by reducing the amount of data in the application database.

• In conformance to privacy regulations, security of non-production data, enforcement of access controls and logging and auditing of activity.

• Protection of sensitive data against security threats from within the organization.

"This strategic relationship with Oracle Financial Services Software represents a significant breakthrough for Solix and our channel strategy," said Shekhar Dasgupta, president and chief operating officer.

"Oracle Financial Services Software is a well-recognized brand and trusted partner in the global financial services industry. Through this partnership, we will provide the IT industry`s best data management solutions, to the world`s biggest and most influential financial services companies," Dasgupta added.

"We are pleased that our relationship with SOLIX will enable us to offer archiving functionality to Oracle FLEXCUBE customers. This will assist them in meeting regulatory reporting reequirements about how data is protected and managed throughout the entire lifecycle," said Joseph John, executive vice president – banking products, Oracle Financial Services Software.

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