Swisscom announced in a press release on September 1, 2026 that it is now relying on Oracle Exadata Cloud@Customer for its banking platforms based on the Finnova core banking system, which it is modernizing. The infrastructure is installed in Swisscom’s data centers in Switzerland. The operator presents itself as the first in Switzerland to adopt this solution; this is a claim by the company, which the press release does not elaborate on further.
What was announced
According to Swisscom, the new infrastructure combines cloud technologies with local data retention. According to the press release, the new platform’s resources can be provisioned flexibly, and the infrastructure is, according to the company, “operated entirely in Swisscom’s data centers in Switzerland”.
A first step has already been taken. Swisscom’s Finnova-based platform dedicated to securities data management has migrated to the new infrastructure. The press release states that the Finnova system is used by more than 40 Swiss banks (figure published on September 1, 2026). It does not specify how many of these institutions use the platforms operated by Swisscom, nor which ones are affected by the migration.
The stated objectives
Swisscom justifies this choice by the growing needs for scalability, performance and availability in the banking sector, and by its intention to continue developing Finnova-based applications. “With Exadata Cloud@Customer, we are putting in place the technological foundation required to meet the growing demands for performance, availability and security in the banking sector,” says Tonio Di Domenico, Head of Banking Customers at Swisscom, quoted in the press release. He adds that the company thereby offers “a modern infrastructure with data storage in Switzerland” and intends to create “a scalable operating platform for the next generation of banking services”.
What this changes, according to Swisscom, for client banks
The press release describes several expected effects, which should be read as commitments or objectives of the operator rather than as measured results:
Consolidation and simplified operations. The platform consolidates existing Oracle environments. Streamlining the database environments is meant to make them easier to operate and to optimize infrastructure utilization. Resources can be allocated and adjusted as needed.
Availability and continuity. Swisscom cites the Oracle RAC and Data Guard features, which are meant to enable a high-availability operating architecture and strengthen recovery and business continuity arrangements for critical applications. The company claims that they guarantee “maximum operational reliability” and reduce interruptions “to a minimum”. No quantified indicators (availability rates, recovery times) are provided to support these claims.
Costs and licenses. According to the press release, license management is simplified and hardware and license costs depend more on the resources actually allocated, which can be adjusted dynamically or manually. Swisscom publishes neither amounts nor a comparison with the previous infrastructure; it is therefore not possible to assess the concrete effect on client banks’ bills.
Data in Switzerland. The location argument comes up repeatedly: storage and operations remain in Swisscom’s data centers in Switzerland. For institutions subject to confidentiality and supervisory requirements, this is a point the operator clearly emphasizes, even though the press release does not explicitly address the regulatory framework.
The questions that remain open
The press release leaves several points unanswered. It gives no timetable for migrating the other Finnova-based platforms beyond the one dedicated to securities. It quantifies neither the investment made nor the expected performance or efficiency gains. Nor does it say whether the switchover entails contractual or pricing changes for client banks. Finally, the claim that Swisscom is the first operator in Switzerland to adopt Oracle Exadata Cloud@Customer is not supported by any other evidence in the source.
As it stands, the announcement mainly describes an infrastructure modernization presented as a way to reconcile cloud-like flexibility with keeping data in Switzerland. Its concrete effects for user banks remain to be documented.