To combat criminals who have found ways to evade safety and security measures, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed a pilot program that would enable US banks to share suspicious activity reports with branches, subsidiaries, and affiliates located in foreign countries.
Learn about the evolution of banking in Africa—from mobile banking to microfinance, fintech innovation, SME financing, and more. Find out how to bring everything together to create next-generation financial experiences in Africa.
Digital asset custody could be a revenue driver for global custodians, provided they invest appropriately in the sector. Akshaya Kapoor, vice president of Oracle financial services, interviewed with Global Custodian and discussed the critical back-end system and three key fundamentals that can support digital asset activities.
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa. The company has recently announced that their subsidiary SmartCash Payment Service Bank Limited will commence their operations for financial services in Nigeria to help bank those without access to financial services.
Financial exchanges are transforming the way they run global capital markets with cloud computing technologies, and many are doing so by outsourcing their technical infrastructure to a cloud provider. Oracle’s group vice president of financial services Conor Colleary advises against relying on a single cloud provider. Read the full article to find out why.
Oracle Financial Services has stopped using traditional approaches while redesigning their corporate banking portfolio to build a truly digital experience. As a result, Oracle’s solution creates an intuitive, contextual experience that’s integrated with connected analytics and insights for their corporate clients.
Corporate treasurers are under pressure to provide their boards with daily data on cash flows and liquidity. Oracle has addressed this challenge with a solution set designed with treasurers’ needs in mind.
Barclays is working with Oracle Financial Services on a large-scale virtual account management project in the UK that aims to deliver more capabilities to corporates.
Oracle has been recognized as a top core banking platform provider by Gartner for their complete retail banking solution suite, which provides next-evolution capabilities from a modern core to comprehensive business processes to an intuitive and engaging digital experience.
In many cases, banks are now digitally mature enough to partner with each other to fill technological or process gaps in ways that benefit customers. Get insights into the proliferation of APIs and how it will power the banking-as-a-service model.
Corporates are demanding more from their banks to address working capital needs and are turning their attention to embedded finance. Read the full article to learn about Oracle’s unique approach to embedded finance, which helps banks better prepare themselves for the future of transaction banking.
The year 2022 has the potential to be an important milestone for the banking industry. Investing in the right capabilities and technologies to leverage the shift to digital effectively will separate the leaders from the rest of the pack and set up a strong base for success in the coming years.
Performance testing is an essential and integral element of any large-sized core banking transformation project. Oracle Financial Services shares a two-step strategic approach to performance testing and lists a few best practices for conducting successful load testing of a core banking application using automated tools.
Amid growing industry consensus that AI is key in the race to differentiate and establish market share, tackling potential biases is becoming a pivotal preliminary step. Find out what CCOs can do to reduce biased AI in their anti–money laundering programs.
Oracle Financial Services has won a trio of new deals, with their new customers picking up systems for digital banking, core processing, and lending.
CTBC Bank Co. Ltd. has chosen Oracle Financial Services to help modernize their corporate banking and payments operations across branches in seven countries.
Nano Home Loans, a mortgage disrupter, has collaborated with Oracle Financial Services to leverage Oracle technology to onboard all new-to-bank customers applying for a home loan with Westpac and National Australia Bank.
Wing Bank (Cambodia) Plc, one of the leading digital banking service providers based in Cambodia, has tapped into Oracle’s banking portfolio of financial services applications to support their transition into a fully licensed, digital-first commercial bank.
While it’s easy for new technology firms to claim that their technology is the latest approach to banking software, it’s difficult to keep up when trends change. For instance, although the cloud and software as a service (SaaS) are among the latest technologies, they won’t be the last, and new cloud-based vendors might also have the ability to keep pace.
Oracle Financial Services’ asset-liability management application has provided Asia’s key banks with the invaluable ability to gauge their liquidity and interest rate risks and generate complex balance sheet forecasts.
Oracle was recognized for their industry-leading data catalog and rich set of governance capabilities.
Market uncertainty caused by the global pandemic has led banks to be reluctant to lend, and consumers are hesitant to avail credit. Read this article to understand the adverse impact of surplus liquidity on banks and economies if adequate demand isn’t created.
W1TTY, a smart finance innovator, is implementing Oracle Banking Payments, Oracle FLEXCUBE, and Oracle Banking APIs from Oracle’s banking suite. Running on Oracle Cloud Infrastructure, W1TTY will use Oracle’s banking suite to deliver an easier and more rewarding financial experience for customers.
Oracle Financial Services is adapting edifactoring messages into their supply chain finance solution through FCI integration. Souvik Chakraborty shares his thoughts on this critical development and how it benefits corporate banking.
The benefits of a centralised valuation engine for derivatives portfolios have become more apparent for banks amid the pandemic and as the final Basel requirements loom. Read this article to find out how a centralized valuation engine can help improve your decision-making process.
The BFSI sector has been one of the early adopters of cloud and digital technologies for both internal transformation and external go-to-market initiatives. With Oracle Autonomous Data Warehouse and Oracle Analytics Cloud services, ESAF Small Finance Bank can meet customization requirements and conduct data segmentation for users of different natures within the bank and outside.
Southeast Asia Commercial Joint Stock Bank (SeABank), one of the top 10 private sector banks in Vietnam, transforms their finance operations to improve customer transparency and drive profitability with Oracle Financial Services. As a result, SeABank has successfully implemented Oracle applications for funds transfer pricing, profitability management, asset liability management, IFRS 9, and data foundation.
ManagePay Systems Berhad (MPay), a fintech and payment solution enterprise, has selected Oracle Cloud to help them improve their customer experience. With Oracle Cloud Infrastructure, MPay now has a reliable, secure, and scalable platform underpinning core applications within their digital ecosystem, which enables Malaysia's small businesses to trade online.
Deutsche Bank is undertaking a massive migration of their 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 told 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 2021 SPARK Matrix™ Anti–Money Laundering (AML) and Know Your Customer (KYC) solution reports. In their proprietary SPARK Matrix, Quadrant Knowledge Solutions 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’s a critical time to embrace new forms of financial flexibility through technology. Read the article 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 help investment companies revamp the redemption and cash flow management process.
To simplify processes, reduce costs, and enhance the employee experience for their 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’s insurance gateway, and Oracle Revenue Management and Billing to improve their billing processes, help maintain compliance with new regulations and pricing rules, and enable clear and auditable premium calculations.
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