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May 2013

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Oracle’s Chris Curtis Explains What It Takes to Succeed in International Banking Expansion

The global banking industry is undergoing fundamental changes that are creating expansion opportunities for new players in international markets, according to a new article in The Banker titled, “International Banking Platforms: The New Imperatives.” In addition, economic growth in emerging economies is enhancing business prospects for banks that can successfully reach beyond their traditional borders.

But the article cautions that along with opportunities come additional challenges. To succeed internationally, banks require core banking platforms that are “multieverything”—multientity, multicurrency, multilingual, and multicultural—and that are also able to comply with multiple local regulations and regulatory authorities, adhere to established payment frameworks, track exposure centrally, and deliver products that are differentiated yet consistent across markets.

“The ability of banks to identify a technology platform that is modern in design and construction, and that will serve them over the long haul with little customization and maintenance, is critical to their success,” says Chris Curtis, author of the article and vice president of Oracle Financial Services. “We believe flexibility, scalability, and reduced vendor dependency are the hallmarks of such a platform.”

An example of such a platform is Oracle FLEXCUBE solutions for international operations, a preintegrated combination of financial services applications and technologies that is built on open standards.

Four Keys to International Success
Curtis describes four types of operating models that are leading global banking today: international branch networks, super-regional banks, international wholesale banks, and global transaction banks. “Banks tend to adopt one model or the other,” he writes. “Some banks move progressively from one model to the next as a strategy for growth.”

Curtis details the specific technology requirements for each of these models and offers advice about what institutions should look for in a core banking solution that accommodates international markets. Key characteristics include

  • Processing engines flexible enough to manage and analyze data for regional or country-specific reporting
  • Modular architectures that enable banks to easily scale deployments based on their size or market focus
  • Architectures that provide for integrated systems that give bank customers a consistent experience across channels
  • Tools for designing and launching standardized products with a local flavor

Read the full version of “International Banking Platforms: The New Imperatives.”

View the Webcast, “Best Practices for Successful International Operations in Banking: A Strategy, Operations, and Technology Perspective,” featuring Carl Morath, Oracle regional vice president, financial services, and E. Judd Holroyde, senior vice president of American Banker.

Get more details about Oracle FLEXCUBE.

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