In the banking industry, today’s spotlight is on technology. Some banks have fully adapted the latest applications, hardware, software, methods, and procedures. Other banks still have much more to do. Successful banks of the future will embrace new methods and approaches that make it possible to keep customers at the forefront while still achieving steady business growth.
Customers expect fast and accurate access, improved experience, and good financial results. Banks and financial institutions that are unable to meet these expectations may struggle to remain viable.
Digital technologies optimize data, products, and processes. The result:
Digital is powered by cloud, mobile, big data, analytics, social and related technologies to provide a uniform customer experience, engage as per customer convenience, and create intimate customer engagement.
Standout banks are likely to assess every aspect of their business to take full advantage of digital in running the bank. They develop a business strategy with digital integrated from end-to-end rather than setting-up an independent digital strategy.
Today’s banks are focused on achieving:
Oracle is committed to supporting banks and is well-positioned to do so. According to a 2019 IDC MarketScape: Worldwide End-to-End Corporate Banking Solution Providers report:
“Oracle’s modular approach with virtual accounts, liquidity management modules … not only round out its offering, but it also features modules designed to better handle workflows on corporate lending, credit, and trade finance. Oracle’s technology roadmap also includes artificial intelligence (AI), machine learning, and blockchain connectivity with adapters.”
Oracle has a wide range of banking-specific products suited for six different banking categories, including:
Oracle University offers Financial Services training, and many courses cover banking topics. Take this training to learn how related Oracle products can relieve key pressure points in today’s financial services market.
Oracle Learning Subscriptions let you learn any time, from anywhere, 24/7 for a full year. In-depth training modules help you build topic-specific expertise. Oracle experts teach you through high-definition training videos. You can practice what you’ve learned through engaging hands-on labs, and regularly assess your understanding of the content through skills checks.