On Wednesday, Shares of Oracle Corporation (NYSE:ORCL), lost -0.55% to $35.99.
In order to consolidate its IT architecture and improve the performance of its applications, Swiss insurance leader Swiss Mobiliar has selected Oracle Database 12c to serve as its planned database.
In 2014, Swiss Mobiliar, which provides home, car, accident, and risk administration insurance and other financial services to more than 1.7 million Swiss individuals and businesses, found itself at a crossroad: With a long history of successful mergers and acquisitions, it had also built up a complex and unwieldy IT infrastructure. With various databases, mainframe and server technologies from a multitude of vendors, in addition to a wide range of legacy COBOL applications, Swiss Mobiliar realized this infrastructure would no longer scale to support the company’s long-term growth plans. As a result, the company sought to find the right database to support its strategy, and selected Oracle Database 12c.
Swiss Mobiliar overhauled and modernized its database infrastructure by consolidating onto Oracle Database 12c and extending the product’s capabilities with the Oracle Database In-Memory option for real-time analytics. With Oracle Database In-Memory’s ease of adoption, no application changes or fine-tuning were required to deliver analytics within minutes. Its native ability to process data at a rate of billions of rows per second enabled Swiss Mobiliar to provide reports critical to its daily operations and customers in a few seconds, contrast to the traditional processing time of days or weeks.
Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products, and services. The Company’s offerings comprise Oracle database and middleware software, application software, cloud infrastructure, hardware systems counting computer server, storage and networking products, and related services.
Shares of KeyCorp (NYSE:KEY), inclined 0.59% to $12.90, during its last trading session.
KeyCorp declared a planned partnership and minority investment in AvidXchange, a world class leader in accounts payable automation solutions. This partnership marks the most recent in a series of partnerships with emerging FinTech providers, solidifying Key’s commitment to deliver innovative products and services to market.
The AvidXchange platform will allow Key’s clients to transform the invoicing to payment process by replacing a traditionally paper-based process with end-to-end digital capabilities. The SaaS based nature of the platform, coupled with integrations into more than 100 of the most commonly used accounting systems, means companies are able to get up and running right away, with little need for heavy IT resources. Combining this innovation with Key’s broad range of payment capabilities has created one of the most dynamic solutions in the market.
AvidXchange, recently accomplished a $225 million minority growth financing led by Bain Capital Ventures, with contributions from Foundry Group, NYCA Partners, KeyBank, Square 1 Bank, and TPG Special Situations Partners.
KeyCorp is a bank holding company. The Bank operates through its partner, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other auxiliaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment administration, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients.
Shares of Teck Resources Ltd (USA) (NYSE:TCK), declined -3.72% to $5.17, during its last trading session, as oil and copper prices fell.
Oil prices retreated recently, as U.S. Energy Information Administration data showed gasoline stockpiles rose by 1.4 million barrels last week, which outweighed data that showed crude stockpiles reduced by 1.9 million barrels last week, according to Reuters.
Copper prices were also lower on Wednesday, as a preliminary manufacturing survey in China showed that the country’s factory sector declined for a seventh straight month. The data exacerbated concerns about copper demand from the world’s largest metals consumer, according to Reuters.
Teck Resources Limited is engaged in the business of exploring, acquiring, developing and producing natural resources. The Company is focused on steelmaking coal, copper, zinc and energy. The Company exports seaborne steelmaking coal and produces mined zinc. The Company also produces lead, molybdenum, silver, and various specialty and other metals, chemicals and fertilizers. It explores for copper from its interests in Antamina in Peru, Quebrada Blanca and Carmen de Andacollo in Chile and Duck Pond in Newfoundland. The Company has around 97.5% interest in Highland Valley Copper.
Finally, Paypal Holdings Inc (NASDAQ:PYPL), ended its last trade with 2.43% gain, and closed at $34.16, after analysts at Stifel Nicolaus lifted their rating on the stock to “buy” from “hold’ with a $40 price target.
The firm cited the company’s new feature called “One Touch,” which is an instant checkout service that lets users pay with PayPal without entering their username and password each time after they put their information in the first time.
“After PayPal attained Braintree in 2013, the two teams worked on a joint project to develop “One Touch,” a product that securely saves customers’ payment information across devices and allows them to complete transactions with a single touch on merchant sites or apps,” analysts stated, according to Barron’s.com.
PayPal Holdings, Inc. (PayPal) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
