Oracle Banking Platform

Overview

• Designed to help banks respond strategically to today's business challenges and progressively transform their business models through industrialized business processes, driving productivity improvements across front and back offices, and reducing operating costs
• Supports banks' growth agenda through new distribution strategies including multi-brand or white labeling to tap new markets and enterprise product origination supporting multi-product and packages to drive an increased customer-to-product ratio
• Puts customers at the heart of the business model to enable relationship pricing and intelligent service interactions
• Native service-oriented architecture (SOA) platform helps banks implement key enterprise services, deliver on customer centricity, enrich channel capability, and drive process improvement and tie it in with their existing applications and technology landscape
• Comprised of Oracle banking-specific applications, Oracle enterprise applications, Oracle Fusion Middleware products, and Oracle Database technologies

Benefits

• Pre-integrated enterprise applications and the underlying Oracle technology stack helps reduce in-house integration and testing efforts, ultimately reducing IT costs and improving time to market
• Enables multiple sequencing options, providing banks with the flexibility to frame a transformational journey according to their individual requirements
• Allows banks to progressively transform their business and IT operating models by mitigating technology obsolescence risks
• Complements Oracle's FLEXCUBE core banking product, which will continue to be sold globally to banks seeking a fully integrated banking solution addressing the need for universal, commercial banking and international operations

More about Oracle Financial Services

Oracle for Financial Services delivers a powerful combination of technology and comprehensive, preintegrated business applications, including key functionality built specifically for banking, insurance, and capital markets.