Today, many banks struggle to deploy new products and services with out-of-date legacy systems. It can take some banks anywhere from 9 to 12 months to move from product inception to making the product available. Oracle's solution for bank transformation, which takes a packaged approach to core banking, enables banks to implement quickly and ensure that all components are seamlessly integrated for both customers and the bank itself, in a SOA (service-oriented architecture) environment. Oracle's customer-focused approach to core banking addresses ever-expanding requirements by allowing banks to design and launch new sophisticated products faster than their competition, thus being able to capture the market opportunity. With a wide range of pre-built, feature-rich functional modules, banks are able to design, configure, test, and roll out product changes or deploy new features and functions in a fraction of the time required for traditional custom solutions.
Oracle's solution for bank transformation provides best-in-class functionality for customer relationship management and core banking, so that banks can deliver comprehensive products and services to their customers.
Oracle Industry Solutions Address Complex Business Processes Oracle industry solutions leverage our best-in-class portfolio of applications and technology to address complex business processes relevant to your industry. Whether you start with one component or make a complete business transformation, Oracle enables you to build on your existing environment with an open-integration framework using standards-based middleware. Oracle industry solutions enable you to speed time to market, reduce costs, and gain a competitive edge.
Quickly reconfigure existing products for niche markets and customer segments
Provide superior customer service through a single customer view
Gain a complete view of the customer's activities from a single view
Increase revenue with better opportunity management
Gain flexibility and adaptability in complying with new regulation
Comply with new local regulations such as SEPA and SWIFT
Rely on a core banking product that is supported in 125 countries
Increase operational efficiency
Reduce cost by deploying on lower-cost and scalable hardware platforms
Standardize business processes across the organization
Benefit from front-to-bank business process integration
Leverage productized integration in a SOA environment
Operate in a straight through processing environment
Establish a platform for sustained growth
Deploy enterprise-class products for CRM, core banking, SOA, and integrated processes, accelerating deployment and reducing risk, with the confidence of knowing that the platform is capable of scaling in feature, function, and compliance in conjunction with a bank's growth objectives