FinTech Magazine - September 2021 | Page 33

ORACLE FINANCIAL SERVICES

Building

better digital banks

“Next generation banking systems will be autonomous , intelligent , available in real-time , and highly secure ”

SONNY SINGH EXECUTIVE VICE PRESIDENT & GENERAL MANAGER , ORACLE FINANCIAL SERVICES
A perfect blend of functionality and flexibility It ’ s time to think differently as the rules of banking are being redefined . Finding new revenue models , accelerating roadmaps to digitalise experiences , managing risk and regulation while delivering more with less is the new mandate . Market-leading banks will need to rapidly adjust to these new conditions , and as we mature into an ecosystem of embedded banking , survival will be based on the ability of banks to rapidly adapt their products and services to new channels and open ecosystems .
For example , younger customers are interested in payment methods other than traditional credit and lending . Oracle ’ s 2020- 2021 Global Retail Banking Consumer Trends Survey & Report found that 20 % of banked customers aged 30 and below are very likely
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