South Korea-based Hana Financial Group (HFG) has completed a large-scale migration of its mission-critical applications to the public cloud working with Oracle.
Oracle won the contract in a competitive tender that included major local and global cloud vendors.
Hana Members, HFG’s integrated membership service and digital financial lifestyle platform with over 15 million users, will take the lead in this migration to Oracle Cloud Infrastructure.
Among its goals are to help the bank meet evolving customer needs, to enhance business efficiency and to adjust to the rapidly changing business environment in the financial services industry.
Launched in October 2015, Hana Members enables customers to earn points based on usage of their Hana credit card and other bank services, such as savings, insurance, foreign exchange, and investments.
Members can also earn points at participating Hana Money merchants and use those points for various services and payments. As part of the move, HFG aims to broaden its service offerings by taking advantage of the newest technologies from Oracle, including artificial intelligence and blockchain.
HFG uses a wide range of Oracle Cloud Infrastructure services — including Oracle Database Cloud Service and Oracle Identity Cloud Service — having migrated the on-premises systems supporting Hana Members in September 2020.
These cloud services are helping Hana Members boost operational efficiency and enhance business agility, enabling Hana to better meet customer needs more cost-effectively and deliver unmatched security.
“Such a large-scale cloud transformation project is unprecedented in the finance industry, not to mention within HFG,” the company said in a statement.
“By migrating these mission-critical systems, Hana Members will benefit from innovation driven at a corporate, strategic level, with a focus on enhancing the quality of life for HFG’s customers,” it added.