Oracle Cloud rolled out new cloud services to streamline bank processes
Oracle has recently released two cloud-native services that are suitable for complex tasks; it divides processes that have complicated corporate banking. Banks get an opportunity to speed up and finish their work such as loan processing with the assistance of Oracle Banking Corporate Lending Process Management Cloud Service and Oracle Banking Credit Facilities Process Management Cloud Service.
“In the coming years, it’s estimated that corporate banks will derive up to 30% of their revenue from digital channels,” said Sonny Singh, executive vice president and general manager, Oracle Financial Services. Sonny added, “This requires banks to accelerate automation and digitization of paper-heavy processes so they can focus on retaining and expanding customer relationships. Built on our deep industry expertise, these new cloud-native solutions provide banks a quick, componentized option to modernize loan and credit management activities.”
These softwares can ease the operations and alter processes accordingly. The solutions also can help bankers get real-time customer insights for quick and relevant decision making. The new release of solutions is followed by those solutions introduced for supply chain financing, liquidity management, and virtual account management.