FinTech Magazine - September 2021 | Page 30

ORACLE FINANCIAL SERVICES
FUTURE OF BANKING
A Continuous Shape Shift
As a result , banks will need to reinvent themselves at a breakneck pace to retain and win new customers . There will always be fintech innovators offering a better customer journey , leveraging the latest data-driven capabilities that can take customers off the market . Therefore , banks must be inherently agile , open , and architecturally flexible . According to Oracle , this is the only option .
To help banks adapt , Sonny states , ‘ Oracle ' s banking architecture is developed to provide banks with the power to determine their success path in a rapidly changing landscape , based on their customer demands . Our strategy has been to provide
30 September 2021