Introduction to Cloud Banking Services
Financial services leaders are facing a myriad of challenges like new competition, evolving business models, regulatory pressures, and disruptive technologies. To overcome these hurdles and drive profitability while enhancing customer experience, many financial institutions are turning to cloud native capabilities powered by AI and machine learning. This shift has enabled the accelerated development of hyperpersonalized digital banking services, revolutionizing the industry.
Multi-cloud Integration
As per a survey conducted by S&P Global, multicloud strategies are becoming increasingly common in the financial services sector. This approach allows organizations to leverage multiple cloud providers, enhancing flexibility, resilience, and scalability. By adopting a multicloud architecture, financial institutions can efficiently manage diverse applications and workloads while reducing costs and improving performance.
Migration to Oracle Cloud Infrastructure
For financial institutions seeking to migrate mission-critical applications like Oracle FLEXCUBE to the cloud, Oracle Cloud provides exclusive automated migration configurations that seamlessly align with existing on-premises architecture. This enables rapid deployment of Oracle's banking products, risk, and finance applications on Oracle Cloud Infrastructure (OCI), enhancing operational efficiency and scalability.
Enhanced Data Platform Strategy
Modernizing data platform strategies is essential for financial institutions to boost performance, cut operational costs, and drive innovation. Oracle Exadata Cloud Service offers breakthrough performance, scalability, elasticity, and cost-effectiveness for database workloads. Whether running on the public cloud or in a self-hosted environment, the service ensures exceptional data management capabilities.
Hybrid Cloud Solutions
To meet regulatory requirements and foster innovation, financial institutions can leverage hybrid cloud strategies. By combining on-premises infrastructure with Oracle Cloud services, organizations can maintain data sovereignty, enhance security, and achieve in-country disaster recovery capabilities. This approach enables seamless integration of cloud technologies while complying with stringent data residency regulations.
High-Performance Computing
Complex financial applications like trading platforms demand high-performance, low-latency infrastructure for optimal performance. Oracle Cloud Infrastructure offers high-frequency processors, fast storage, and low-latency networking, making it an ideal solution for latency-sensitive financial applications. By migrating to Oracle Cloud, financial institutions can enhance their technical capabilities and operational efficiency.
Empowering Data Insights with Analytics
Oracle Analytics leverages machine learning and artificial intelligence to analyze data from diverse sources, enabling financial institutions to derive actionable insights. By harnessing the power of advanced analytics, organizations can make informed decisions, predict trends, and optimize business processes. Oracle Analytics empowers financial institutions to transform data into valuable business intelligence.
Cloud-Native Application Development
Developing next-generation financial services applications on Oracle Cloud Infrastructure (OCI) allows financial institutions to orchestrate engaging customer experiences. By utilizing cloud-native services like Kubernetes, Docker, and serverless functions, organizations can build innovative banking applications that enhance customer engagement and streamline operations. Oracle's cloud-native capabilities enable modern application development, driving digital transformation in the financial sector.
Customer Testimonial: Nomura Research Institute (NRI)
Nomura Research Institute (NRI) has successfully leveraged Oracle's Dedicated Region Cloud@Customer to enhance data security, access cloud services based on industry standards, and drive business value for customers. By adopting Oracle's cloud solutions, NRI was able to comply with stringent security regulations in the financial industry while improving operational efficiency and customer satisfaction.
Risk Management and Compliance
In today's challenging business landscape, risk management and compliance are critical for financial institutions. Leveraging advanced analytics, fraud detection, and anti-money laundering (AML) solutions can help organizations mitigate risks, detect fraudulent activities, and ensure regulatory compliance. By deploying cutting-edge technologies, financial institutions can enhance customer trust and operational resilience.
Oracle Data Lakehouse for Financial Institutions
To address evolving risk management challenges, financial institutions can leverage Oracle's Data Lakehouse. This comprehensive solution enables organizations to integrate industry-leading analytical methods for enhanced risk management, performance analysis, customer insight, and regulatory compliance. With Oracle's Data Lakehouse, financial institutions can gain a competitive edge by transforming data into actionable intelligence.
Oracle Cloud Support Rewards
Oracle Support Rewards offer financial incentives for organizations leveraging Oracle Cloud Infrastructure (OCI). By utilizing OCI services, customers can earn rewards that translate into cost savings, facilitating a mutually beneficial partnership. This program incentivizes organizations to maximize their Oracle Cloud usage, driving operational efficiency and financial benefits.