Oracle’s Banking Cloud to Redefine Real-Time Banking Transactions

• Oracle enhances banking cloud services for real-time cash management and transactions.

• New services optimize working capital and the customer experience.

• Oracle's comprehensive cloud suite offers ready-to-deploy APIs for agile banking.

Oracle has broadened its Oracle Banking Cloud Services portfolio to empower banks in swiftly launching comprehensive transaction banking solutions. These encompass cash management, liquidity management, and virtual account management. Alongside Oracle's real-time payments processing, large-scale account operations, and APIs, these new services aim to enhance banks' visibility and forecasting capabilities, enabling customers to leverage their cash more effectively.

In addition, Oracle has introduced enhancements to its Oracle Banking Accounts Cloud Service and Oracle Banking Enterprise Limits and Collateral Management Cloud Service.

Sonny Singh, Executive Vice President and General Manager of Oracle Financial Services, reportedly emphasized the importance of delivering enhanced customer experiences, stating,

Delivering enriched customer and banker experiences that provide immediate and tangible business value will be the growth lifeline for banks in the near term.

[Source – Cision PR Newswire]

The new solutions are designed to be seamlessly integrated into corporate enterprise resources management systems, facilitating real-time payments, settlements, and cash cycle optimization. The improvements in limits and collateral management streamline credit facility lifecycles, allowing banks to onboard corporate customers in minutes rather than months.

Oracle Banking Accounts Cloud Service has expanded its support to include retail accounts, term deposits, nostro management, and account servicing. Together with the API Cloud Service, banks can swiftly tailor and deploy accounts across various digital channels.

The new and enhanced Oracle Banking Cloud Services include:

1. Oracle Banking Liquidity Management Cloud Service: Offers higher-yield investment opportunities, pooling, sweeping, and interest optimization for corporations to manage working capital efficiently.

2. Oracle Banking Virtual Account Management Cloud Service: Provides corporations with capital clarity and effective management of complex global account structures.

3. Oracle Banking Cash Management Cloud Service: Empowers corporate customers with cash flow forecasting, efficient collections and receivables management, and automated reconciliation.

4. Oracle Banking Enterprise Limits and Collateral Management Cloud Service: Digitizes and simplifies the credit lifecycle, optimizing credit decisions and accelerating origination and servicing while mitigating risks.

5. Oracle Banking Accounts Cloud Service: Streamlines account management and operations for both corporate and retail accounts.

6. Oracle Banking Payments Cloud Service: Facilitates real-time payment processing and offers a one-stop solution for various payment types.

7. Oracle Digital Banking Experience Cloud Service: Enhances self-service experiences for corporations, providing actionable insights and automation.

8. Oracle Banking APIs Cloud Service: Offers a range of ready-to-deploy banking APIs to accelerate innovation and improve customer experiences.

These services are part of the Oracle Banking Cloud Services suite, built on a microservices’ architecture, providing flexibility, scalability, security, and compliance with Oracle Cloud Infrastructure.