FinTech Magazine - April 2021 | Page 57

BANKING

“ With growing globalisation , organisations that can benefit from this technology are no longer defined by their size , but by complexity and the breadth of their business ”

CONOR COLLEARY GROUP VICE PRESIDENT , ORACLE FINANCIAL SERVICES
microservices architecture , Oracle Virtual Account Management Cloud Service empowers banks to offer better transaction services , including :
• Efficient liquidity management
• Managing receivables and payables in real-time
• In-house banking , and
• Client money management .
CONOR COLLEARY
TITLE : GROUP VICE PRESIDENT
COMPANY : ORACLE FINANCIAL SERVICES
Oracle ’ s cloud-based offerings allow banks to easily implement a digital solution with minimal implementation times , so that it is possible to focus on a Minimum Viable Product and collaboratively engage with pilot customers to build out an offering .
Since corporate clients ’ cash flow priorities are constantly changing in the unpredictable global financial environment , these services are critical .
Oracle ’ s modern , componentized solutions allow banks to choose the features that address their precise needs , with both tactical options for faster time-to-market and strategic options for the longer term . When paired with the Oracle Banking Digital Experience , Oracle ’ s VAM provides clients with self-service capabilities so they can perform the same actions as a banker , such as independently managing liquidity structures , making transactions , and forecasting cash flow .
Furthermore , our product is flexible and system-agnostic : capable of integrating with any core banking and payment systems that

MEET THE SPEAKERS ...

VIPUL PAL
TITLE : PRINCIPAL
COMPANY : DELOITTE CONSULTING
I ’ m a Principal in Deloitte ’ s banking and capital markets practice with over 20 years of experience . I help clients address their operating model challenges in the evolving marketplace through digital innovation , new product capabilities and a data-driven approach to profitability enhancement .
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