Oracle Financial Services Software

Oracle Named a Leader in 2023 Gartner® Magic Quadrant™ Reports for Financial Planning Software and Financial Close and Consolidation Solutions

Retrieved on: 
Tuesday, December 12, 2023

AUSTIN, Texas, Dec. 12, 2023 /PRNewswire/ -- Oracle has been named a Leader in the 2023 Gartner® Magic Quadrant™ for Financial Planning Software and the 2023 Gartner® Magic Quadrant™ for Cloud Financial Close and Consolidation Solutions. In both reports, Oracle was recognized as a Leader for its Ability to Execute and Completeness of Vision for Oracle Fusion Cloud Enterprise Performance Management (EPM). 

Key Points: 
  • AUSTIN, Texas, Dec. 12, 2023 /PRNewswire/ -- Oracle has been named a Leader in the 2023 Gartner® Magic Quadrant™ for Financial Planning Software and the 2023 Gartner® Magic Quadrant™ for Cloud Financial Close and Consolidation Solutions .
  • "Oracle Cloud EPM helps customers embrace automation and intelligence to improve the speed and accuracy of financial insights.
  • With Oracle Cloud EPM, organizations can:
    Enable a Faster, Easier, and More Comprehensive Close: Oracle Cloud EPM includes purpose-built Financial Consolidation and Close capabilities that enable finance teams to effectively manage the entire consolidation and close process.
  • Earlier this year, Oracle was named a Customers' Choice for North America in the 2023 Gartner Peer Insights Voice of the Customer for Financial Planning Software report .

Logistics Services Software Market to grow by USD 3.22 billion from 2022 - 2027 - Technavio

Retrieved on: 
Monday, November 6, 2023

Buy the full report here

Key Points: 
  • Buy the full report here
    The potential growth difference for the logistics services software market between 2022 and 2027 is USD 3.22 billion.
  • Rising private equity (PE) investments in the logistics industry are notably driving the growth of the global logistics services software market.
  • High deployment costs of on-premise logistics services software are one of the major challenges that impede the growth of the global logistics services software market.
  • Leading market players come with on-premises software solutions for logistics services that are more customizable than cloud-based software solutions for logistics services.

StoneCo Announces Organizational Changes to Prioritize Client Segments & Software Integration

Retrieved on: 
Monday, October 9, 2023

The Financial Services reporting segment will be led by three leaders who will each be responsible for managing StoneCo’s business for a specific client category.

Key Points: 
  • The Financial Services reporting segment will be led by three leaders who will each be responsible for managing StoneCo’s business for a specific client category.
  • He will be responsible for managing the Software reporting segment, its go-to-market business and integration initiatives.
  • Mr. Bassili has extensive experience managing people and integration efforts in organizations and will leverage his responsibilities to accelerate the integration of Software within each client segment.
  • Gilsinei Hansen, current COO of Software, will remain in the Company as a senior advisor, involved in the daily operations of the Software business and its integration initiatives.

Oracle Transforms Payments and Transaction Banking in the Cloud

Retrieved on: 
Monday, September 18, 2023

TORONTO, Sept. 18, 2023 /PRNewswire/ -- Sibos -- Oracle today expanded its Oracle Banking Cloud Services portfolio to help banks quickly launch comprehensive transaction banking offerings spanning cash management, liquidity management, and virtual account management. Together, with Oracle's real-time payments processing, hyperscale account operations, and APIs, the new services will enable banks to improve visibility, forecasting, and better control liquidity to help customers leverage cash more effectively.

Key Points: 
  • TORONTO, Sept. 18, 2023 /PRNewswire/ -- Sibos -- Oracle today expanded its Oracle Banking Cloud Services portfolio to help banks quickly launch comprehensive transaction banking offerings spanning cash management , liquidity management , and virtual account management .
  • New, enhanced, and complimentary Oracle Banking Cloud Services all available today include:
    Oracle Banking Liquidity Management Cloud Service: drives additional avenues for higher-yield investments and offers key capabilities such as pooling, sweeping, and interest optimization.
  • Oracle Banking Payments Cloud Service: is a digital payments solution that powers payment processing in real-time, anywhere, and at scale.
  • Oracle Banking APIs Cloud Service: jump-starts API banking with 1,800+ ready-to-deploy business and foundational banking APIs.

New Oracle Cloud Services Help Banks Manage Risk

Retrieved on: 
Wednesday, June 14, 2023

AUSTIN, Texas, June 14, 2023 /PRNewswire/ -- The recent failure of several prominent banks, highlighted the need for financial services institutions to better anticipate and manage risk. To address these challenges, Oracle today launched new cloud-native services that can help banks strengthen their finance and risk management processes to reflect their target risk appetite and limit exposure.

Key Points: 
  • AUSTIN, Texas, June 14, 2023 /PRNewswire/ -- The recent failure of several prominent banks, highlighted the need for financial services institutions to better anticipate and manage risk.
  • To address these challenges, Oracle today launched new cloud-native services that can help banks strengthen their finance and risk management processes to reflect their target risk appetite and limit exposure.
  • With a microservices architecture, robust APIs, and a single, transparent data layer, the cloud services help banks embrace a component-based approach to modernization based on their individual business requirements.
  • The services are built on the high performance, scalability, security, and compliance of Oracle Cloud Infrastructure (OCI), including OCI Container Engine for Kubernetes and Oracle Autonomous Database.

Regula Introduces a Complete Single-Vendor Solution for Advanced Identity Fraud Prevention

Retrieved on: 
Wednesday, March 22, 2023

To help businesses troubleshoot this problem, Regula has updated its IDV products for document and biometric verification, Regula Document Reader SDK and Regula Face SDK .

Key Points: 
  • To help businesses troubleshoot this problem, Regula has updated its IDV products for document and biometric verification, Regula Document Reader SDK and Regula Face SDK .
  • Regula’s solutions are now natively integrated, allowing organizations to enjoy quicker and simpler implementation of a comprehensive identity verification process.
  • “Our survey has shown that the vast majority of businesses, 93%, consider online identity verification important in recognizing fraud for their organizations.
  • That is why we’re also witnessing a strong demand for a single-vendor solution when it comes to identity verification.

Regula: Global Survey Reveals Key Reasons Why Businesses Plan to Spend More on Identity Verification

Retrieved on: 
Tuesday, February 21, 2023

The results show growing demand for IDV solutions, and reveal businesses’ motivations behind this trend: preventing identity fraud, digitalization, and customer-centricity.

Key Points: 
  • The results show growing demand for IDV solutions, and reveal businesses’ motivations behind this trend: preventing identity fraud, digitalization, and customer-centricity.
  • This is one of the key findings of a global survey* conducted by Regula together with Sapio Research company in December 2022–January 2023.
  • In addition, one third of businesses plan to increase their spending by 20% within the next one to three years.
  • Fingerprint biometric verification is the second most popular identity verification method, used by 60% of organizations, particularly in the Telecom and FinTech industries.

Banks Accelerate Move to the Cloud with New Oracle Banking Services

Retrieved on: 
Tuesday, February 7, 2023

AUSTIN, Texas, Feb. 7, 2023 /PRNewswire/ -- With transaction volumes, customer expectations, and competitive threats at an all-time high, banks must adapt quickly to keep pace. To address these challenges, Oracle today launched Oracle Banking Cloud Services, a new suite of componentized, composable cloud native services.

Key Points: 
  • To address these challenges, Oracle today launched Oracle Banking Cloud Services, a new suite of componentized, composable cloud native services.
  • "Banks must innovate to succeed in today's hyper competitive environment," said Sonny Singh, executive vice president and general manager of Oracle Financial Services.
  • Oracle Banking Digital Experience Cloud Service is a digital banking solution that provides ready-to-go corporate and retail banking experiences that enhance customer service.
  • With more than 1,800 ready-to-deploy business and foundational banking APIs, Oracle Banking APIs Cloud Service empowers banks to establish an open banking platform to accelerate innovation while complying with regulations.

Mizuho Bank Modernizes Core Banking Operations with Oracle

Retrieved on: 
Thursday, February 2, 2023

TOKYO and AUSTIN, Texas, Feb. 2, 2023 /PRNewswire/ -- Mizuho Bank, Ltd., the integrated retail and corporate banking unit of Mizuho Financial Group and one of Japan's largest financial services institutions, is modernizing its legacy banking system for international operations with Oracle. Over the coming years, Mizuho will implement Oracle's banking solutions to support critical functions, including direct deposit accounts and liquidity management, at its operations in major overseas offices. The roll-out began with the successful replacement of Mizuho's legacy banking system at its New York offices.

Key Points: 
  • After a successful implementation in New York, the Japanese banking giant continues its phased roll-out of Oracle's banking solutions
    TOKYO and AUSTIN, Texas, Feb. 2, 2023 /PRNewswire/ -- Mizuho Bank, Ltd., the integrated retail and corporate banking unit of Mizuho Financial Group and one of Japan's largest financial services institutions, is modernizing its legacy banking system for international operations with Oracle.
  • Over the coming years, Mizuho will implement Oracle's banking solutions to support critical functions, including direct deposit accounts and liquidity management, at its operations in major overseas offices.
  • Oracle's solutions are allowing Mizuho to enjoy the benefits of real-time processing support, a high level of STP for deposit operations and cash management services, and integrated postings between branches and subsidiaries for core banking operations.
  • In addition to its use of Oracle FLEXCUBE and Oracle Banking Liquidity Management , Mizuho Bank also recently went live on Oracle Fusion Cloud Enterprise Resource Planning (ERP) to support financial processes in its NY accounting department.

New Oracle Payment Cloud Service Gives Retailers Greater Transparency and Pricing Flexibility

Retrieved on: 
Thursday, January 12, 2023

AUSTIN, Texas, Jan. 12, 2023 /PRNewswire/ -- The welcome return to in-store shopping has also brought retailers a host of unexpected payment processing fees and complexity. To help combat this challenge, Oracle today extended its comprehensive retail cloud platform to include the Oracle Retail Payments Cloud Service. With the solution, US retailers can now accept the latest in contactless payment options, including debit/credit cards and Apple, Google, and Samsung Pay, without the hidden fees and unpredictable costs that erode the bottom line. This is all with transparent, fixed-fee rate pricing with no long-term contract lock-in or monthly minimum requirements.

Key Points: 
  • To help combat this challenge, Oracle today extended its comprehensive retail cloud platform to include the Oracle Retail Payments Cloud Service.
  • Oracle Retail Payment Cloud Service provides a fixed rate and competitive pricing model that enables retailers to anticipate exactly how much they will pay for every transaction – regardless of payment method used.
  • And as the service runs on Oracle Cloud Infrastructure (OCI), it has high security standards, end-to-end encryption, and is PCI/DSS compliant.
  • When integrated with Oracle Retail Xstore Point-of-Service (POS) and Oracle MICROS hardware , it provides retailers with a complete platform for payment acceptance through to processing.