Hana Bank Increases Profits by US$586 Million, Reduces Costs by US$56.7 Million
Founded in 1971, Hana Bank is ranked as one of the world's top 100 banks in terms of asset size. In recent years, Hana Bank has embarked on strategies to increase efficiency, improve risk management, and enhance synergies across its businesses to boost competitiveness. The company had to revamp its IT infrastructure to meet its performance goals and gain the functionalities required, to carry out its new business initiatives. Hana Bank selected Oracle Database and Oracle Fusion Middleware as the building blocks for its new infrastructure. By adopting a clustered grid framework, the bank has improved the performance, availability, and stability of its critical business systems.