Original Bank: High performance platform

Technological updating of the banking core enables exponential growth and quality delivery for Banco Original customers.

Challenge:

Working with cutting-edge technology has always been one of the main premises of Banco Original, the first financial institution to open a 100% digital checking account in Brazil, that is, a complete bank. So, when the bank was still designing its stocks and its product portfolio and diagnosed that it would need very efficient providers to support its operations, it turned to V8 Consulting to help it think and make IT investment strategies feasible.

The partnership between the companies was born in 2014 with the objective of V8 Consulting being a transfer advertising in technology for Banco Original and, currently, there are already more than ten Oracle projects carried out together. With the bold increase of the customer portfolio between 2019 and 2020 - when it went from 700 thousand retail accounts to more than 4 million - and an aggressive growth target for the next two years, the bank demanded from the consultancy a technological update that would give an account new challenges: in addition to gaining scalability and availability, I wanted more resilient environments and high performance.

Solution:

In October 2019, V8 Consulting, guided by the excellence of its projects, designed a strategy to replace the Oracle SuperCluster series systems, used five years ago, by the Exadata X8M platform with Intel Optane Persistent Memory.

From the day-to-day experience of Banco Original, V8 Consulting understood the demands of the operation and, together with the IT team, aligned the objectives and premises of the project. The consultancy proposed cutting-edge technology and the Banco Original team, in the face of a huge challenge, migrated the platform without being unavailable. All activity was carried out in the first half of 2020.

The new platform operates the banking core: investments, insurance, pensions, loans, credit card authorization, among others. Technology allows Banco Original to fulfill its goal: to challenge current practices in the financial market and unlock the potential of people with quick response and high availability (24 hours a day, 7 days a week).

“As we have been living the Original's daily life for a long time, we did not need the discovery stage. This facilitates the discussion of the demands, the way we are going to think about the design of the project and we managed to reach a consensus very quickly. In this work with four hands, we managed to achieve surprising results in short intervals. ”

Daniel Sobral, Director and Founding Partner of V8 Consulting

“V8 is an important partner for Banco Original and all the infrastructure designs were closely monitored by the consulting team at all stages performed by the Original team. This partnership gives us security in decision-making and is fundamental. I thank the V8 team for the quality of delivery and services and for the constant presence. ”

Everton Sims de Queiroz, IT Infrastructure Manager at Banco Original

Results:

With the new platform, the institution provides databases of databases with simplicity and agility for all its areas, having a series of benefits, with emphasis on:

Secure and optimized migration
More than 50 million GED files have migrated to Oracle Exadata. With this change, the execution time of services in the internal areas decreased by about 25%. 

Better use of time
With the adoption of Oracle Exadata, the financial institution estimated to improve the performance of its routines by about 30%. After go live, he achieved 70% of improvement. One of the routines that had considerable gains was the turning point of the Original: before, this happened at around 6 am and today it is possible to carry out the action at 2:30 am, with sufficient time to correct possible unforeseen events.

Data processing was also streamlined: before, in an hour, 6,000 files were processed. With Exadata, 46 thousand files are processed in the same interval.

Operating gain
Banco Original achieved a significant reduction in the windows in data processing, with the reduction of the interval from 10 to 15 hours to 2 hours, and achieved stability for the environment.

Delivery quality
Oracle Exadata offers the resilience required by the bank to meet the demands of its millions of customers with an almost zero rate of operational incidents.

High Availability
The user of Banco Original, in 2020, had the application available with availability rates above 99.98% of the month, considering the migration downtime.

 

“As we have been living the Original's daily life for a long time, we did not need the discovery stage. This facilitates the discussion of the demands, the way we are going to think about the design of the project and we managed to reach a consensus very quickly. In this work with four hands, we managed to achieve surprising results in short intervals. ”

Daniel Sobral, Director and Founding Partner of V8 Consulting

“V8 is an important partner for Banco Original and all the infrastructure designs were closely monitored by the consulting team at all stages performed by the Original team. This partnership gives us security in decision-making and is fundamental. I thank the V8 team for the quality of delivery and services and for the constant presence. ”

Everton Sims de Queiroz, IT Infrastructure Manager at Banco Original

"THE Intel is always innovating and working on the development of new technologies and solutions. Our strategy is to foster the ecosystem with the best technologies on the market, such as Banco Original, which was supported by V8 Consulting for the definition of an architecture that would bring stability, speed and security to the bank, attributes that are part of the pillars offered by Oracle's Exadata X8M technology with Intel Optane Persistent Memory. This collaboration of dedication from the client, partner and technology guarantees incredible results for the company. ”

Francine Gaeski, Intel partner manager

 

"V8 Consulting and Oracle proposed innovative and robust solutions in an important moment of expansion of Banco Original."

José Eduardo Braz Ferreira, sales VP of converged infrastructure at Oracle

About the Original Bank:

Banco Original is a private Brazilian financial institution with more than 4 million customers and was the first bank to open a 100% digital checking account. It operates in the retail segments (individuals and entrepreneurs), companies (small, medium and large companies), fintechs (through the Banking as a Service unit) and digital portfolios (through its subsidiary PicPay).

Original also offers acquiring services for its PJ clients. The Banco Original application is complete among the digital ones and is available for both iOS and Android and allows the request for opening an account and its full movement (payments, transfers, loans, investments, among others). The institution is still fully integrated with the PIX, using artificial intelligence, to assist the process. Visit our sites and learn more: original.com.br | openbanking.com.br

Website: www.original.com.br

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