BoA UK moves to Oracle cloud

Bank of Africa UK, a London-based bank specializing in African markets, has successfully migrated its core banking systems from on-premises to Oracle Cloud Infrastructure (OCI). The move is aimed at improving the bank’s performance, security controls, and cost efficiencies. Oracle Cloud London Region, which powers the bank’s new platform, is entirely powered by renewable energy, according to Oracle.

According to Mohammed Anouar Kouhen, COO of Bank of Africa UK, the cloud technologies are “foundational” to how the bank runs core banking operations and designs and scales its products and services. He also emphasized that the collaboration with Oracle was essential in advancing the bank’s transformation program.

Kouhen further explained that the bank’s applications running on OCI are benefiting from a flexible platform that enables them to adapt and scale critical services quickly, and they also have significantly stronger performance, security controls, and cost efficiencies. He also revealed that the bank already leverages Oracle Fusion Cloud Enterprise Resource Planning (ERP), which is also run on OCI.

The cloud environment will also be used for the bank’s new core banking system, Temenos Transact, which is scheduled to go live later this year. The move to the cloud is expected to help the bank drive its business growth and expand its footprint across Africa. With this latest development, Bank of Africa UK has joined other banks in the financial sector that have opted for cloud infrastructure to improve their operations and better serve their customers.