Leading banks around the world are urgently looking to stay relevant by providing retail, small business and wealth management customers guidance in managing their finances – with varying levels of personalization and automation. We call this Self-Driving Finance.
Self-Driving Finance enables banks to deliver proactive help to their customers empowering them to take control over their financial well being. This strategy boosting customers’ engagement & products’ adoption.
Self-Driving Finance-as-a-Service is the next iteration as it becomes available on the Oracle Cloud. Now banks can enjoy the benefits of all that comes with an agile and scalable Cloud infrastructure including built-in encrypted security, quicker time-to-market, and on-demand scalability. Banks that adopt a Cloud infrastructure have the agility to innovate as desired with new functionalities, products, and services and streamlined paths for upgrades and customizations.
With the help of Open Banking APIs and Kubernetes technology, banks can now move faster than ever to deploy Self-Driving Finance’s personalized insights, automated wellness programs and other innovative products with minimal effort, accelerating their digital transformation towards a new standard of banking experience which is highly personalized, proactively engaging the customer, and focused on the customer’s financial well being.
And as Self-Driving Finance-as-a-Service ensures that the security and deployment aspects are taken care of, the fun can begin. Personetics is currently working on a set of out-of-the-box connectors to Oracle’s leading Financial Service solutions and applications. The first step is a connector for Oracle’s Open Banking APIs which will allow any bank using the Open Banking APIs to enjoy Personetics personalized insights, automated wellness programs and other products, with minimal effort.
In addition, Personetics’ plan is to build connectors to Oracle CRM and Marketing Cloud to bring the power of Personetics AI to banking departments that work directly with people, namely, sales, support and marketing.
Personetics is a proud partner of Oracle’s fintech innovation initiative to accelerate banks’ growth. Combined with the intuitive user interface of the Oracle Cloud Marketplace and its automated application installation features, banks are able to quickly search for relevant applications and services and deploy the business solutions that work best for their organization and their customers. Self-Driving-Finance as a service and its money management and other features accelerates the time-to-market, quality, scale & agility.
To date, more than 60 million bank customers across the globe are already experiencing the benefits of Self-Driving Finance. Now, with the accelerated transformation empowered by the secure and agile framework of the Cloud, banks can quickly bring this technology to millions while realizing the tangible ROIs that serve core goals coveted by the industry – increased engagement, improved customer satisfaction, deposit growth, and increased share of wallet.
We believe that banks that choose to go with a Cloud set-up, including Oracle Cloud, will see great value in their choice. Personetics plans to continue to innovate and streamline its Oracle Cloud offerings to provide great value and a short time to market.
Guest blogger Dorel Blitz is VP Strategy & Business Dev, Personetics