Optimizing Payment Processing Efficiency
Oracle's FLEXCUBE Banking Payments Cloud Service offers a cutting-edge digital payments solution, designed to process payments in real-time, at scale, and from anywhere. This innovative platform is built natively on the ISO 20022 framework, ensuring compatibility with global standards and regulations. By leveraging this solution, financial institutions can optimize transaction efficiency, streamline payment processing, and stay ahead of the rapidly evolving payment landscape.
Adapting to Changing Customer Needs
With Oracle FLEXCUBE, institutions can build a digital payments solution that adapts to the changing needs of customers. The robust payment processing solution enables reduced transaction costs, increased payment efficiency, and enhanced straight-through processing. By centralizing processing and settlement tasks through a single hub, organizations can automate complex processing scenarios, choose the best route for transactions, and specify payment networks, thus improving operational efficiency and cost-effectiveness.
Enhancing Payment Visibility and Transparency
Oracle's digital payments solution powered by SWIFT ISO 20022 provides real-time visibility into cash positions and payment statuses, offering customers rich analytics to monitor and track their transactions. By adopting ISO 20022 as the open payment standard, financial institutions can bring transparency and visibility to every transaction, offering a superior customer experience and ensuring compliance with industry standards and regulations.
Empowering Innovation and Differentiation
Oracle FLEXCUBE empowers financial institutions to innovate and differentiate their services by providing access to a library of over 1,800 prebuilt APIs. Institutions can build a partner ecosystem, integrate with ERP systems, and offer novel services such as voice-activated payments through platforms like Siri and Alexa. By leveraging these APIs and fostering innovation, organizations can set themselves apart in a competitive market and meet the evolving needs of their customers.
Facilitating Fast and Frictionless Cross-Border Payments
Oracle's digital payments solution enables fast, low-cost account-to-account currency transfers, facilitating cross-border payments for businesses of all sizes. Leveraging SWIFT gpi for low-value payments, financial institutions can offer efficient and secure cross-border payment services to small and midsize companies, enhancing their global connectivity and enabling seamless international transactions.