FinTech Magazine - September 2021 | Page 31

ORACLE FINANCIAL SERVICES

“ Prepare for change , expect continuous disruption and build for instability ”

SONNY SINGH EXECUTIVE VICE PRESIDENT & GENERAL MANAGER , ORACLE
FINANCIAL SERVICES
ORACLE FINANCIAL SERVICES AT A GLANCE
• Manages $ 200 billion ( USD ) in revenue for banks and payments processors
• Processes transactions for more than 730 banks and FIs across 160 countries worldwide — including Tier 1 global banks , super-regionals , digital and neo-banks , Islamic banks , and microfinance organisations a functionally rich and componentised product suite that helps banks drive a progressive transformation and continuous innovation strategy with built-in innovation . Our customers can focus on outcomes and not waste time experimenting with new tech and architectures , and we give them a complete choice on deployment . This sets them up for the next generation of banking ’.
Overall , Oracle Financial Services takes an architectural-first approach to provide a blueprint for banks to continuously adapt to the shifting shape of banking . To do so , it gives customers a complete choice of deployment that will set them up for the next generation .
• Processes $ 400 million ( USD ) in life and health insurance policies each year
• 23 out of 30 globally systemically important banks ( G-SIBs ) run analytical applications for risk , finance , and compliance
• Stands as one of the fastest-growing payments platforms with the industry ’ s most modern , standards-based platform
• Leads in asset finance solutions , including mobile device , vehicle , equipment , consumer finance , sub-prime , property rental , and vacation ownership
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