Banks Accelerate Move To The Cloud With New Oracle Banking Services
Oracle News, February 7th, 2023
Cloud native SaaS suite gives corporate and retail banks the agility to modernize their banking applications quickly to meet customer demands and capitalize on new opportunities
With transaction volumes, customer expectations, and competitive threats at an all-time high, banks must adapt quickly to keep pace. To address these challenges, Oracle today launched Oracle Banking Cloud Services, a new suite of componentized, composable cloud native services.
The six new services available today provide banks with highly scalable corporate demand deposit account processing; enterprise-wide limits and collateral management; real-time ISO20022 global payment processing; API management; retail onboarding and originations; and new self-service digital experience capabilities. Built on a microservices architecture, they help banks renovate and modernize their business capabilities faster and with less risk.