W1TTY, a smart finance innovator, is implementing Oracle Banking Payments, Oracle FLEXCUBE, and Oracle Banking APIs from the Oracle Banking suite. Running on Oracle Cloud Infrastructure (OCI), W1TTY will use Oracle Banking suite to deliver an easier and more rewarding financial experience for customers.
Southeast Asia Commercial Joint Stock Bank (SeABank), one of the top 10 private sector banks in Vietnam, transforms its finance operations to improve customer transparency and drive profitability with Oracle Financial Services. As a result, SeABank has successfully implemented Funds Transfer Pricing (FTP), Profitability Management, Asset Liability Management (ALM), IFRS 9 and Data Foundation.
Deutsche Bank is undertaking a massive migration of its Oracle Databases to Oracle Exadata Cloud@Customer. The hybrid option — which effectively brings all of Oracle's public cloud services directly to a customer's data centers — should result in cost savings in the three-digit millions for the German financial services giant, the companies said to ZDNet.
Oracle Financial Crime and Compliance has been ranked by global advisory and consulting firm Quadrant Knowledge Solutions as a Technology Leader in the recently released SPARK Matrix™, Anti-Money Laundering (AML), and Know Your Customer (KYC) 2021 solution reports. The Quadrant Knowledge Solutions in its proprietary SPARK Matrix evaluated more than 15 technology vendors in a competitive assessment against key dimensions of functionality, customer impact, investments, and innovation.
Amid a global pandemic and widespread economic uncertainty, consumers and corporations alike need financial flexibility now more than ever. It is a critical time to embrace new forms of financial flexibility through technology. Read to learn more about how servitization, the Cloud and the Internet of Things can assist or improve your business model.
The market value of the worldwide mutual fund industry has seen a consistent increase in the past decade and is poised to grow further in the near future. The growth of this industry highlights the importance of risk management practices, particularly liquidity risk management. Find out how a comprehensive liquidity solution can aid investment companies to revamp the redemption and cash flow management process.
To simplify processes, reduce costs and enhance employee experience for its more than 26,000 colleagues, HealthPartners is teaming up with Oracle to move business processes in finance, supply chain and human resources to the cloud. In addition, HealthPartners recently implemented Oracle Health Insurance Enterprise Policy Administration, Oracle Insurance Gateway, and Oracle Revenue Management and Billing to improve its billing processes, help maintain compliance to new regulations and pricing rules and enable clear and auditable premium calculations.
ClearView has adopted Oracle Insurance Policy Administration (OIPA) as part of its digital transformation effort to drive scale, efficiencies, and customer satisfaction. With OIPA, ClearView has the foundation it needs to modernize and improve operational efficiency while accelerating new product and service development.
The new Oracle consumer banking research shows that today's younger consumers want convenience and simplicity from their banks. And, they want it served up in front of them in the digital equivalent of an easy button. More than anything, the data reveals that the emerging generations of banking customers are more interested in learning and being educated, respected, and mentored as they grow into their financial lives.
Myanmar's fast-growing SATHAPANA Limited taps Oracle FLEXCUBE to modernize and introduce new products and services for lending. SATHAPANA chose FLEXCUBE and First Myanmar Solution Company Limited, who supplied and implemented Oracle technology and network infrastructure, to support SATHAPANA's overall digital transformation strategy and vision for unification across the region.
Witty, one of the UK's newest challenger banks, has been building out its technology stack with Oracle. The start-up selected Oracle FLEXCUBE as its core banking system.
Oracle Financial Services has landed a trio of new deals for its core and digital banking systems in Oman, Kuwait, and Tanzania. Oman Arab Bank decided to unite its Shariah operations under Oracle's system, and Gulf Bank of Kuwait is migrating its digital banking to Oracle. International Commercial Bank in Tanzania has signed up for a group of Oracle systems, which includes modules for trade finance, digital banking, payments, and treasury.
Banrural is the second-largest bank in Guatemala, with around $9.5 billion in assets. The bank has signed up for Oracle FLEXCUBE Universal Banking, Oracle Banking Payments, Oracle Banking Trade Finance, and Oracle Banking Treasury Management.
Myanmar's fast-growing SATHAPANA Limited taps Oracle FLEXCUBE to modernize and introduce new products and services for lending. Oracle enables microfinance institutions such as SATHAPANA to provide personal, small business, and group lending to communities that have not previously had banking services accessible to them.
With the launch of new cloud services built on Oracle Cloud Infrastructure, Oracle provides a helping hand to banks and financial institutions that must combat money laundering and other forms of financial crime. Oracle Financial Crime and Compliance Management Cloud Services is an application suite designed for midsized banks and smaller financial institutions. It offers services for the full anti-money laundering (AML) lifecycle, where organizations can quickly identify abnormal customer behaviour and streamline compliance activities.
In the disruption following the global lockdown, it became immediately clear that for corporates in today's landscape, better cash flow management and forecasting have become even more significant priorities. According to Jeffrey Edison, Global Solutions Lead at Oracle Financial Services, using virtual accounts is one key enabler to cash visibility and forecasting.
Oracle announced new cloud services to help midsized banks combat money laundering and outsmart financial crime. Oracle Financial Crime and Compliance Management Cloud Service brings two decades of experience in fighting big bank financial crime to an easy-to-manage, cost-effective application suite designed for midsized banks.
Corporations are under constant pressure to manage capital efficiently and adapt to changing environments. In turn, banks must offer transaction-banking solutions that can rapidly scale based on the dynamic shifts with corporate client demands. With the new Oracle Banking Virtual Account Management Cloud Service, banks can quickly deploy a wide range of banking services that help their corporate customers easily access their cash position and manage working capital at any time.
Banks can provide supply chain financing and extend funding to vendors or dealers and the corporate's balance sheet to help a business bolster working capital. To that end, Oracle Financial Services is offering a new supply chain finance feature to help banks deliver more flexible financing options. By leveraging associated large corporates' balance sheets, small corporations will have cheaper and earlier access to working capital, allowing banks to generate additional revenue streams from interest and fees.
Malta-based fintech company Paymentworld Europe Ltd has upgraded the software powering several of its payment services to Oracle FLEXCUBE, a market-leading core banking system used by some of the biggest banks around the world.
The COVID-19 pandemic has created a new set of global challenges, including an economic downturn and a disrupted working environment. For the financial services industry, the anti-financial crime and compliance functions are still expected to maintain effectiveness and drive efficiencies, even as banks manage costs and squeeze more out of every dollar spent. Read more to learn three ways financial institutions can combat financial crime effectively in today's disrupted environment.
Oracle Banking Payments supports SWIFT's latest service to make global cross-border payments fast, easy, predictable, and frictionless for small and medium enterprises (SME) and consumer markets. With Oracle Banking Payments' built-in integration with the new SWIFT service, banks can minimize disruption to customers' existing technology infrastructure to meet dynamic cross-border payment needs and lower the total cost of ownership.
Oracle Banking Payments is supporting SWIFT's latest service to speed effortless global cross-border payments for small and medium-sized businesses (SMBs) and consumer markets. Financial institutions using Oracle Banking Payments are expected to better compete with global payment providers and card platforms for low-value transfers in major currency areas with SWIFT's new account-to-account service for SMBs and consumers.
Oracle Banking Payments is supporting SWIFT's latest service to make global cross-border payments fast, easy, predictable, and frictionless for small and medium enterprises (SME) and consumer markets. SWIFT's new service offers the possibility of borderless low-cost account-to-account currency transfers from the bank's own app or portal, and Oracle Banking Payments' readiness makes this transition easy and fast for SMEs.
Brain Station 23 Limited (BS 23) and United Commercial Bank Limited (UCB) have recently signed a contract to introduce Islamic banking in UCB using Oracle FLEXCUBE as Shariah-based banking is becoming popular. Implementing this solution will take the UCBL forward to an advanced level of real-time and comprehensive banking.
With a reputation for developing high-quality fintech applications, Brain Station 23 Limited is one of the leading software companies in Bangladesh working with large financial institutions and enterprises. Brain Station has signed a contract with United Commercial Bank Limited (UCBL) to implement Islamic banking using Oracle FLEXCUBE to upgrade the bank's overall service management.