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Oracle expands its banking cloud services

September 20, 2023

Oracle expands its banking cloud services
Oracle, a global leader in enterprise software solutions, has made a significant addition to its Oracle Banking Cloud Services portfolio.

The expansion aims to assist banks in rapidly introducing all-encompassing transaction banking services. This not only covers cash and liquidity management but also extends to virtual account management. The primary goal is to bolster transparency, forecasting capabilities, and liquidity control, enabling customers to utilise their cash resources more proficiently.
 
For years, Oracle has been a dominant force in the software industry, providing solutions that cater to various sectors. In the banking domain, the Oracle Banking Cloud Services have been a game-changer, ensuring that banks can operate with agility, scalability, and innovation at their core.
 
Oracle’s enhanced offering includes services that allow real-time payments processing, hyperscale account operations, and easily integrable APIs. These features are designed to directly embed within a company’s existing ERP systems, thus facilitating instantaneous payments, settlements, and cash cycle optimisation.
 
Other services introduced encompass the Oracle Banking Liquidity Management Cloud Service, Oracle Banking Virtual Account Management Cloud Service, Oracle Banking Cash Management Cloud Service, Oracle Banking Enterprise Limits and Collateral Management Cloud Service, Oracle Banking Accounts Cloud Service, Oracle Banking Payments Cloud Service, Oracle Digital Banking Experience Cloud Service, and Oracle Banking APIs Cloud Service. All these services are unified in their goal to streamline and digitise banking operations, with specific functionalities tailored for various banking needs.
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