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Oracle completes comprehensive banking solution with two new offerings

Banking And Finance

Oracle completes comprehensive banking solution with two new offerings

Oracle wants to be the one stop shop for banking software solutions and now its inching closer to that goal with two new solutions to its banking solutions port folio. IT has announced the launch of Oracle Banking Liquidity Management and Oracle Banking Corporate Lending which are designed to meet the needs of banks looking to provide real-time, multi-currency, cross border, multi-entity banking services, all the while maintaining high fidelity insight and multi-jurisdictional compliance.

“The constraints of geographies, currencies, time-zones, cash and credit have lesser relevance in the world of digital corporates,” said Chet Kamat, senior vice president, Oracle Financial Services “With the shift towards digital it is critical that banks transform to cater to the emerging needs of their corporate customers. It is in this context that we have developed next generation liquidity and corporate credit solutions. We abstracted our experience of working across more than 140 countries, transforming the business of some of the largest corporate banks globally, to bring together functionalities that enable our customers to be leaders in the corporate banking space”

Oracle, with the launch of Oracle Banking Corporate Lending, now offers a complete spectrum of assets to enable a performance-driven corporate credit business. It is tailor made to support the entire credit lifecycle from customer onboarding to credit management and loan processing. With this, banks can structure profitable financing deals, lower credit risk and embed optimized credit support at every stage of the customer’s business.

While Oracle Banking Corporate Lending offers a solution for corporate loans, the Oracle Banking Liquidity Management helps banks adopt techniques such as multi-level sweeping and pooling, interest optimization and reallocations, across currencies, geographies and customer entities.

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