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Primeur weekly 2011-09-26

Special

Steve Conway to highlight European HPC market at EGI Technical Forum ...

Exascale supercomputing

Appro and SDSC Gordon supercomputer to provide up to 35 million IOPS ...

"Stampede's" comprehensive capabilities to bolster U.S. open science computational resources ...

The Cloud

Bull and CA Technologies form a strategic alliance ...

Gresham Computing to launch Clareti Transaction Control ...

HP Channel Partners open new Cloud Centers of Excellence ...

IBM expands Cloud delivery of smarter commerce ...

'Managed application services added to Interoute’s unified computing portfolio ...

Midas Medici's CIMCORP wins $3 million contract for data centre solutions in Brazil ...

Oracle successfully completes Continua Health Alliance interoperability testing ...

SDSC announces scalable, high-performance data storage Cloud ...

Desktop Grids

e-ScienceTalk Briefing on Desktop Grids has just appeared ...

BOINC integrated with Wordpress ...

OurGrid version 4.2.6 now released ...

EuroFlash

Bright Computing now resells Altair PBS Professional Workload Manager, delivering HPC operational efficiencies and cost savings ...

Repsol and BSC create a joint research centre in Spain ...

Sailing Mediterranean ICT seas - Boosting high-speed ICT infrastructures across Europe and Mediterranean ...

Mini-quantum computer passes test ...

Like fish on waves: electrons go surfing ...

USFlash

Emerson Network Power doubles the life span of VME boards ...

Retailers generate high-volume sales with IBM solution for smarter commerce ...

Nearly half of IT decision makers favour solid-state storage technology ...

University of Minnesota Supercomputing Institute adds Dell Terascala HPC Storage Solution to Itasca system ...

Oracle announces the immediate availability of the Oracle Database Appliance ...

Oracle Financial Services Revenue Management and Billing running with Oracle Exadata Database Machine delivers extreme performance ...

Major supercomputing boost for University of Canterbury ...

Post-silicon computing ...

Oracle Financial Services Revenue Management and Billing running with Oracle Exadata Database Machine delivers extreme performance

19 Sep 2011 Toronto - Oracle has released the results of performance tests demonstrating that Oracle Financial Services Revenue Management and Billing 2.2 running with Oracle Exadata Database Machine X2-2 can deliver unprecedented performance and scalability for financial services organisations seeking to implement real-time relationship pricing, consolidate multiple billing engines within business divisions, rapidly process large transaction volumes and render bills faster, whether on-line or in printed form to customers.

Oracle Financial Services Revenue Management and Billing running on a full rack Oracle Exadata Database Machine processed more than 1 billion transactions in under five hours and 100 million monthly invoices in 13 hours.

To process and prepare bills, the application needs to validate, map, aggregate and price the financial transactions sourced from various systems according to the contract with the customer. In the test, a billion transactions were validated, mapped and aggregated into 200 million transaction groups. These groups were then priced into billable charges. Running on Oracle Exadata Database Machine, the application priced 9,523 billable charges per second, enabling financial services organisations to process pricing requests for 100 million accounts in six hours. Ultimately 100 million bills can be generated in a single monthly run using a 13 hour batch window.

The solution, engineered on Oracle technology, provides the scalability and processing power that financial services organisations require to implement a reliable processing platform, deliver invoices on time and help manage revenues by product line.

"The results from the performance tests of Oracle Financial Services Revenue Management and Billing running with Oracle Exadata Database Machine open new customer service and relationship possibilities for financial service organizations of all sizes. Now banks can certainly enjoy the upside of the revenue and lower revenue leakages", stated Ashwin Goyal, group vice president, Oracle Financial Services. "Leveraging the highly scalable billing appliance, banks can confidently consolidate and support advanced, personalized billing that takes into account all of a customer’s activity across products, regions and billing cycles."
Source: Oracle

Back to Table of contents

Primeur weekly 2011-09-26

Special

Steve Conway to highlight European HPC market at EGI Technical Forum ...

Exascale supercomputing

Appro and SDSC Gordon supercomputer to provide up to 35 million IOPS ...

"Stampede's" comprehensive capabilities to bolster U.S. open science computational resources ...

The Cloud

Bull and CA Technologies form a strategic alliance ...

Gresham Computing to launch Clareti Transaction Control ...

HP Channel Partners open new Cloud Centers of Excellence ...

IBM expands Cloud delivery of smarter commerce ...

'Managed application services added to Interoute’s unified computing portfolio ...

Midas Medici's CIMCORP wins $3 million contract for data centre solutions in Brazil ...

Oracle successfully completes Continua Health Alliance interoperability testing ...

SDSC announces scalable, high-performance data storage Cloud ...

Desktop Grids

e-ScienceTalk Briefing on Desktop Grids has just appeared ...

BOINC integrated with Wordpress ...

OurGrid version 4.2.6 now released ...

EuroFlash

Bright Computing now resells Altair PBS Professional Workload Manager, delivering HPC operational efficiencies and cost savings ...

Repsol and BSC create a joint research centre in Spain ...

Sailing Mediterranean ICT seas - Boosting high-speed ICT infrastructures across Europe and Mediterranean ...

Mini-quantum computer passes test ...

Like fish on waves: electrons go surfing ...

USFlash

Emerson Network Power doubles the life span of VME boards ...

Retailers generate high-volume sales with IBM solution for smarter commerce ...

Nearly half of IT decision makers favour solid-state storage technology ...

University of Minnesota Supercomputing Institute adds Dell Terascala HPC Storage Solution to Itasca system ...

Oracle announces the immediate availability of the Oracle Database Appliance ...

Oracle Financial Services Revenue Management and Billing running with Oracle Exadata Database Machine delivers extreme performance ...

Major supercomputing boost for University of Canterbury ...

Post-silicon computing ...