FinTech Magazine - September 2021 | Page 35

ORACLE FINANCIAL SERVICES
to use an alternative method for all payments in the next 12 months . Exploring customised lending options and participating in market collaborations to offer revenue value-adds like POS financing or specialised consumer lending options creates a new revenue stream and customer acquisition path . In this type of ecosystem , banks with limited functionality will lose market share to their competitors .
Therefore , to succeed in the next generation , banks will need to deliver quality yet agile services that provide a differentiated experience . As such , Oracle ’ s banking portfolio is built with the richest functionality . This creates a domain-driven design approach that spans retail banking , corporate banking , and business lines from financial inclusion to Islamic banking .
Open and interoperable right from the start Oracle ’ s product engineering prowess ensures that its banking solutions are open . With 3000 + exposed microservices and open APIs across its platforms , its systems are designed to be interoperable , secure , and seamless across systems , gateways , and regulatory interfaces . Oracle Financial Services is also an early adopter of standards , making its services easy to consume and connected right from the start .

“ Oracle is continuously investing to create the most modern digital , data and core platforms in the financial technology space ”

SONNY SINGH EXECUTIVE VICE PRESIDENT & GENERAL MANAGER , ORACLE FINANCIAL SERVICES
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