Press Release

Oracle Named a Leader in 2022 Gartner® Magic Quadrant™ for Global Retail Core Banking

Our execution and vision helped us earn a Leader Position

Austin, Texas14 February 2022
Gartner

Oracle has been named a Leader in the 2022 Gartner® Magic Quadrant™ for Global Retail Core Banking. “The report assesses core banking vendors based on the multicurrency products they offer for a bank’s financial transaction management in retail banking.”* The report evaluated a total of five vendors and narrowed its criteria from previous years.

“Retail banks are seeking digital-first architecture and cloud readiness for their core to innovate at speed and quickly scale as they grow,” said Vikram Gupta, group vice president, Banking Engineering, Oracle Financial Services. “Oracle Banking helps banks jump-start digital transformation so they can stay relevant, competitive, and compliant in the fast-evolving banking industry.

“We believe, this recognition by Gartner underscores our continued dedication to provide our customers with a path to accelerate digitization and prepare for what’s next in banking.”

Available on the secure, scalable Oracle Cloud Infrastructure or on premise, Oracle Banking Suite offers a complete retail banking solution suite that provides next-evolution capabilities from a modern core to comprehensive business processes to an intuitive and engaging digital experience. Oracle helps banks accelerate time-to-market, improve business agility, redefine customer service and engagement, and lower operating costs. An optimal mix of persona-driven digital self-service and assisted engagement capabilities, AI and automation-powered product and core operations coupled with an architecture that is anchored on microservices equips banks for what’s next in a fast-evolving retail banking industry. These offerings continue to make Oracle a top core banking platform provider.

*Read a complimentary copy of the report 2022 Gartner® Magic Quadrant™ for Global Retail Core Banking at: https://www.gartner.com/reprints/?id=1-292ZD0FF&ct=220210&st=sb

For additional information about Oracle FLEXCUBE visit:  https://www.oracle.com/au/industries/financial-services/banking/flexcube/

For additional information about Oracle Cloud Infrastructure visit: https://www.oracle.com/au/cloud/

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