FinTech Magazine - September 2021 | Page 32

CUSTOMER SPOTLIGHTS

CUSTOMER SPOTLIGHTS

W1TTY :
The smart finance innovator uses Oracle for hyper-personalised yet highly relevant financial services W1TTY aims to put customers in charge of their finances by delivering hyper-personalised services at transparent rates . As a disruptor to the status quo , W1TTY needs to move fast on all fronts . W1TTY chose Oracle Banking to deliver an easier and more rewarding financial experience to customers . The Oracle Banking suite , equipped with payments , a digital core , microservices , comprehensive open API set , and cloud-ready architecture , helped WITTY provide digital services with native apps in a fully mobiledriven experience to customers in just 13 months .
Launching in the fall of 2021 , W1TTY will expand its suite of services , flexibility , and scalability with the latest cloud technology . ‘ The role of financial services in the next era is to operate on a more personal level ’, Ammar Kutait , Founder of W1TTY explains . ‘ You have to tailor each offering based on your customer ’ s current financial situation , life circumstances , and goals ’. In Oracle , it found a truly scalable solution that will serve its global ambitions for years to come .
MASHREQ :
Building the next-generation transaction bank with Oracle Mashreq Bank , one of the United Arab Emirates ’ leading financial institutions , envisions building the transaction banking business of the future . It believes that multi-channel coverage , end-toend digitisation , seamless integration with client value chains , and analytical frameworks will be the fundamental elements of next-generation transaction banking . As the industry shifts , Mashreq foresees a bigger role for distributed services , APIs , and emerging technologies .
Mashreq also wants to build a business model that is fundamental ‘ client native ’. With this vision in mind , it chose Oracle Financial Services to provide the platform for its next-generation transaction banking . Wisam Mahmood , EVP , Co-Head , Global Transaction Banking , explains , with Oracle , we have ' the foundation of innovation and product development , built with the best in class microservices technology which enables us to add agility and product innovations , scalability , connectivity , and flexible deployment models globally ’.
With its componentised framework and bestin-class microservices , OFS will enable the bank to be highly responsive , ready for disruption , and deliver value back to corporates by offering services and solving problems at a lower cost .
FINXP :
Charting an alternative banking future with Oracle A fintech specialising in the B2B payments in Europe , finXP challenges traditional European banking . By capitalising on the rapid expansion of open banking to business , it provides faster , more simplified payments to next-generation businesses that prefer flexible payments and banking . This agility is why finXP chose Oracle to build its open infrastructure .
According to Jens Podewski , CEO and Co-founder of finXP , financial services will grow increasingly flexible . ‘ Payment and banking service providers will need to adapt and have the right infrastructure , mindset , and business model to handle new customer demands . Our customers will expect commercial banking to be more similar to consumer banking — a frictionless experience . In Oracle , we found a platform that enables us to empower our customers by being agile and a versatile payments and banking provider ’.
32 September 2021