Muthoot FinCorp has transitioned its mission-critical Enterprise Resource Planning (ERP) system from an on-premises setup to Oracle Cloud Infrastructure (OCI), boosting its system performance and operational efficiency by 50 per cent. This migration is part of Muthoot FinCorp’s hybrid cloud approach, which aims to streamline loan processing and support business scalability.
“Our move to OCI has revolutionised our operations, offering unmatched scalability and security while reducing IT costs. With OCI’s 10TB of free monthly data egress and other cost-saving features, we are now better positioned to focus on growth and innovation. We plan to deepen our collaboration with Oracle by integrating Artificial Intelligence (AI), Machine Learning (ML) and data analytics to further enhance our offerings,” said Nishit Shrivastava, CTO, Muthoot FinCorp.
Utilising OCI’s Mumbai and Hyderabad regions for disaster recovery and compliance, Muthoot FinCorp has ensured regulatory adherence while maintaining control over its data.
According to Premalakshmi PR, Vice President, Technology Cloud, Oracle India, OCI enables Muthoot FinCorp to meet security and regulatory demands while fostering innovation and addressing complex business challenges.
To meet its growing customer base and evolving demands, the company migrated to Oracle Base Database Service on OCI, benefitting from OCI’s high availability, built-in security and fast performance.
