Oracle Hungary receives Cloud Innovator award

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Oracle Hungary has been given the “Cloud Innovator” award during the tenth E-Banking Summit & Expo in Hungary, according to a press release published today. For the first time this year, awards acknowledging IT solutions in the field were distributed at the event.

“We are exceptionally happy about being the recipient of the award, which shows that the bank sector has opened for digital technologies, which can transform their current business models and offer new opportunities,” said Csaba Reményi, CEO of Oracle Hungary, on receiving the award. He stressed that cloud services have become a significant part of the digitization of companies.

Primarily, businesses opt for cloud services for cost-efficiency reasons, the CEO said, however he believes this is not the only perk of the technology. “Well-applied cloud-based solutions enable businesses to answer the challenges of digitization faster and in a more flexible manner, while they can also test business models that have profitability that is hard to predict,” the CEO said.

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