From left to right: Tania Cosentino, President of Microsoft Brazil; Rodrigo Nardone, Vice President of Information Technology and Security at B3; and Rodrigo Galvão, Senior Vice President of Technology, Oracle Latin America. (disclosure)
B3, the Brazilian stock exchange, has signed strategic partnership agreements with Microsoft and Oracle in order to migrate its systems to the cloud within a ten-year period.
The partnership aims to accelerate the digital transformation of the exchange, benefiting from the modernization of platforms, the development of products and services, and above all, the development of new technologies that are not currently available for financial market operations.
The work will be carried out in two main phases, which were determined based on the study conducted by B3 on the characteristics of its systems and the needs of our customers. In the first phase, with a horizon of up to five years, the systems that are currently most adaptable to this environment, such as Vehicle Concessions, Exchange Clearing, Banco B3, Insurance, and Branch, among others, will be migrated to the cloud.
In the second phase, after the first five years, B3’s partnership with Microsoft and Oracle will focus on developing new technologies for migration systems where there are no already built and turnkey solutions on the market today. In addition, the partnership will change the way B3 develops new systems, and begins to set priorities cloud first.
“This is a transformative partnership. Our goal is not just technology. It is innovation, agility and flexibility to serve our customers. We want to build a technological environment with new solutions and new products and deliver benefits that reach the entire market,” explains Vice President of Technology and Information Security at B3, Rodrigo Nardone.
Microsoft and Oracle were chosen for this partnership because the two companies have been investing and making significant progress in cloud innovation, performance, reliability, resilience, and security. In addition, they both have a global commitment to developing products and services for the financial and capital markets.
Another important factor is that Microsoft and Oracle We already have cloud technology interoperability partnership with each other, this integrated work It will enable B3 to implement a strategy Multimediaproviding the best security and durability solution available on the market.
Within the new products strategy, the goal is to gain agility and flexibility, and to accelerate GO to the market B3 and the increased exposure of new products to the market from the simplification and connectivity gains generated by cloud connectivity.
Using Microsoft Azure interconnected with Oracle Cloud Infrastructure (OCI), the next generation of Oracle’s cloud infrastructure, B3 will have one of the most comprehensive security certification solutions on the market and the ability to modernize the application, with speed and flexibility, improve and simplify IT management.
“B3 and Microsoft have enjoyed a longstanding relationship, and we are excited to have been chosen as the cloud provider to advance the exchange’s digital transformation journey, together with Oracle,” said Tania Cosentino, President of Microsoft Brazil. “Microsoft Azure empowers financial institutions with its secure, compliant, and scalable cloud platform, with deep investments to support industry needs for complex and regulated capital markets, which will enable B3 to advance its core technologies and business priorities with its ecosystem,” added the CEO. .
“Together with B3, we are honored and proud to contribute to the advancement and generation of new possibilities for growth, modernization and transformation in one of the most important financial markets in the world. Technology, security, knowledge and a lot of innovation will be the foundation of this project in which we, along with Microsoft, will help in the digital acceleration of the system Environmental B3 today and in the future,” highlights Rodrigo Galvão, Senior Vice President of Technology, Oracle Latin America.
the solution Multimedia Certified by B3 with Microsoft and Oracle has an architecture that includes the full capabilities of two clouds, enhancing enterprise strategy and bringing additional benefits, as an advanced resource for business continuity, uninterrupted, through disaster recovery (Disaster recoveryIn English).
The partnership between the three companies also includes measures to train teams through workshops and training, access to laboratories and market certification, which will contribute to retaining and attracting new talent in technology.
B3 SA (B3SA3) is one of the world’s leading financial market infrastructure companies and one of the largest by market capitalization among the global leaders in the exchange sector. It connects, develops and enables financial and capital markets, and works together with clients and society to fuel Brazil’s growth.
It operates in exchange and direct exchange environments, in addition to providing products and services to the financing chain. Headquartered in São Paulo with offices in Chicago, London, Singapore and Shanghai, the company plays important roles in the marketplace by promoting best practices in corporate governance, risk management and sustainability.
B3. With the market for the future.
Oracle offers integrated application suites as well as a secure, independent infrastructure on Oracle Cloud. For more information on Oracle (NYSE: ORCL), visit us.
Microsoft (Nasdaq “MSFT” microsoft) is enabling digital transformation in the era of intelligent cloud and intelligent edge. Microsoft’s mission is to empower every person and organization on the planet to achieve more. The company has been in Brazil for 33 years and is one of 120 subsidiaries of Microsoft Corporation, founded in 1975. In 2020, the company invested more than $13 million in providing technology for free to 1,765 NGOs in Brazil, benefiting from many of social projects. Since 2011, Microsoft has supported more than 7,500 startups in Brazil with donations of more than $202 million in cloud credits..