FinTech Magazine - September 2021 | Page 36

ORACLE FINANCIAL SERVICES
Programmed for continuous innovation Oracle Financial Services leverages enterprise innovation to quickly deploy early-market and industry-leading technologies , like cloud services , to stay ahead of disruption , bringing benefit to each of the customers regardless of size or geography . For example , banks have quickly deployed use cases — such as approvals on wearables , peer-to-peer payments , voice-assisted transactions , chatbot-based self-originations , and microtransactions via Quick Response ( QR ) codes .
The company is embedding artificial intelligence capabilities and automation processes into its systems to help banks track customer behaviour and preferences . The more banks know , the better they can adapt to consumer demands and thrive in an ever-changing financial landscape . Oracle ’ s technology paradigm of continuous innovation and continuous delivery supports this philosophy — and DevOps plays an important role in its iterative , agile design . All of its applications work together to pave the way for the effective digital bank of the future .
Microservices for the real world , not a buzzword Oracle Financial Services takes a foundational approach to microservices by building out new capabilities on a cutting-edge chassis that creates resiliency , scalability , and flexibility across the institution ’ s operations . Microservices allow banks to realise the benefits of modern architecture and create a protected ,
36 September 2021