FinTech Magazine July 2023 | Page 35

Why Oracle Cloud has the ability to provide PaaS services
Vikas Sharma , Global Head of INSIS CoE at Charles Taylor , explains how the company harnesses Oracle ’ s OCI to enhance their internal operations and output
With a history spanning almost 140 years , Charles Taylor provides insurance solutions with a unique breadth , offering technical expertise and global reach alongside award-winning solutions . Their constant strive for excellence is propelled forward through using an array of Oracle Cloud systems that have been in place for the last 10 years – as Vikas Sharma , Global Head of INSIS CoE , explains .
‘ A natural choice ’
“ It was a natural choice for us to try Oracle Cloud products , so we moved into OCI . One of the main benefits of OCI was providing PaaS services .” Comparing OCI Autonomous Database to a self-driving car , Sharma praised its ability to do its own patching – whether that be security patching , security detection , or identifying vulnerabilities . And there ’ s a financial benefit , as well .
Fast delivery
“ The first and foremost benefit that we get is that it helps us to deliver our solution in fast time-to-market .
“ The time for server building and infrastructure building – which used to take many days , sometimes many months – has reduced a lot . And that eventually reduces a lot of our cost , benefitting our customers .”
Security and safeguarding data
With data protection and security paramount , Sharma adds that Oracle ’ s services , when used together , completely safeguard information at any and all levels . “ We use Oracle Cloud Guard , which is one of the products that comes from OCI , to secure at the tenant-level . Then we utilise other services from OCI , like DataSafe , specifically , to find out any kind of vulnerabilities at the database level .
“ All our servers are in a private subnet so they are completely secured . And we utilise some of the services security list type of services , rules services from OCI , to secure our applications .”
“ I always use this phrase : time is money ,” says Sharma .