Oracle Financial Services

Oracle Financial Services

IT Services and IT Consulting

Austin, Texas 45,671 followers

Enabling better Financial Services through innovative, market leading technology, business solutions & service offerings

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About us

Oracle Financial Services provides financial services industry with comprehensive platforms built on modern, open and intelligent technology, for digital and core transformation for banks and insurers, and a modern suite of Analytical Applications for Risk and Finance Compliance, and Customer Insight. We empower executives with platform architecture to operate effectively. • 10% of Banked population globally served on our banking platforms • 2.5 Million Bankers using our Platforms • 1.2 Billion Deposit Accounts processed on our platforms • 400 Million Retail Loans processed annually on our Platform • 26 Billion Transactions processed every year on our Core Banking Platforms • 1 Billion Debit and Card Transactions billed using our Platform • 60 Million Exposures delivered on Basel III Capital Requirements for each next business day on our Platform • 37 Million Insurance Policies in Production with Oracle Insurance Policy Administration • 400 Million Claims processed annually with Oracle Health Insurance Analyst & Industry Recognition • Leading Universal Core Banking Solutions and Leader in Gartner 2019 Magic Quadrant Global Retail Banking • Globally Recognized for Most Modern & Open Architectures among leading Core and Digital Platforms • Enabler of Open Banking with more than 1500 Open APIs for Financial Services • Global Leader in Chartis Risk Data Aggregation & Reporting Risk and Finance Integration, Balance Sheet Risk Management and Core Technology • Global Leader in RiskTech for Banking • Risk, Finance and Compliance Platform to 80% Globally SIFIs • Leader in North American Life Insurance Policy Administration Systems in Gartner Magic Quadrant For more information, visit us at Blogs: https://blogs.oracle.com/financialservices/ Contact us: Email: financialservices_ww@oracle.com Follow us: Twitter: https://www.twitter.com/oraclefs

Website
http://oracle.com/fs
Industry
IT Services and IT Consulting
Company size
10,001+ employees
Headquarters
Austin, Texas
Founded
1977
Specialties
Banking, Insurance, Analytics, Risk & Compliance, Lending & Leasing, Revenue Management & Billing, Funds Administation, Digital Transformation, Retail Banking, Corporate Banking, Financial Crime & AML Compliance, and Anti Money Laundering

Updates

  • Oracle Financial Services reposted this

    View organization page for Techcombank (TCB), graphic
    Techcombank (TCB)

    110,095 followers

    ✨𝗧𝗘𝗖𝗛𝗖𝗢𝗠𝗕𝗔𝗡𝗞 𝗥𝗘𝗖𝗘𝗜𝗩𝗘𝗗 𝗧𝗛𝗘 𝗜𝗡𝗡𝗢𝗩𝗔𝗧𝗜𝗢𝗡 𝗘𝗫𝗖𝗘𝗟𝗟𝗘𝗡𝗖𝗘 𝗔𝗪𝗔𝗥𝗗 𝗙𝗥𝗢𝗠 𝗢𝗥𝗔𝗖𝗟𝗘 ✨ Recently in Hanoi, Techcombank has become the only bank in Southeast Asia receiving the 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗘𝘅𝗰𝗲𝗹𝗹𝗲𝗻𝗰𝗲 𝗔𝘄𝗮𝗿𝗱 for the AML system (Anti-money laundering) from Oracle. This annual award is highly selective with careful and strictly considered standards. Techcombank implemented the anti-money laundering system (AML) from 9.2021 to 6.2023 on OFSAA and AWS platforms. The system helped Techcombank enhance the efficiency of controlling and preventing money laundering following international standards. 🎙️ Speaking at the award ceremony, 𝗠𝗿. 𝗣𝗵𝗮𝗺 𝗤𝘂𝗮𝗻𝗴 𝗧𝗵𝗮𝗻𝗴 - 𝗗𝗲𝗽𝘂𝘁𝘆 𝗖𝗵𝗶𝗲𝗳 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗢𝗳𝗳𝗶𝗰𝗲𝗿 of Techcombank said: “The Anti-money laundering is one of the strategic projects that Techcombank has implemented in recent years and has achieved significant succeed in business development and risk management. Collaborating with Oracle to upgrade and utilize the system illustrates the consistency in investing oriented of Techcombank to meet the global market’s high standard.” 🌟 The Innovation Excellence Award continues to emphasize Techcombank’s strategic vision, innovative capabilities, creativity, and ability to pioneer in digital transformation. Approaching and applying the technology to risk management activities helps Techcombank enhance its sustainable financial foundation and based on that create trust from customers. 👉𝗠𝗿. 𝗠𝗮𝗿𝗸 𝗔𝘁𝗵𝗲𝗿𝘁𝗼𝗻, 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿 𝗼𝗳 𝗚𝗹𝗼𝗯𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 at Oracle shared: “Techcombank is one of the few banks that has transformed all components of Know-Your-Customer (KYC), Customer Screening and Transaction Screening (CS and TS), Transaction Controlling on only one platform. We are impressed with Techcombank's capacities, qualifications, and continuous efforts during project implementation. With the concentration and creativity methodology, the bank shortened the project duration and achieved outstanding results; they even surpassed many companies in the world that we have cooperated with.” 🔑𝗙𝗼𝗿 𝗺𝗼𝗿𝗲, 𝗽𝗹𝗲𝗮𝘀𝗲 𝗿𝗲𝗳𝗲𝗿 𝘁𝗼 𝘁𝗵𝗶𝘀 𝗮𝗿𝘁𝗶𝗰𝗹𝗲: https://lnkd.in/gZCgCphK #Techcombank #BeGreater  

    Techcombank nhận giải thưởng Đổi mới xuất sắc từ Oracle

    Techcombank nhận giải thưởng Đổi mới xuất sắc từ Oracle

    thanhnien.vn

  • Oracle Financial Services reposted this

    View profile for Richard Smith, graphic
    Richard Smith

    EVP and General Manager, EMEA Cloud Infrastructure

    You can’t tell as you fly into London that a sixth of all the homes with mortgages in the UK are with Nationwide Building Society. The most popular way British people finance their homes, but invisible from up in the clouds.   I learnt this from Alex Goldbloom, Portfolio CIO at the Nationwide earlier this week during our chat at the Oracle Financial Services Summit.   Alex also shared how Oracle’s infrastructure has become invisible to him since moving their HR system to Oracle Fusion Cloud HCM. Previously, he spent too much time managing the on-premise infrastructure. Now, with the #cloud application running on #OCI, he can focus his efforts on helping HR leaders use the system to improve the employee experience, enhance recruitment process and plan resources better.   As he wisely put it, “why do in my shed what you do in your factory.”   Such a simple yet powerful insight. Thanks for your continued partnership Alex.

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  • Oracle Financial Services reposted this

    View profile for Cormac Watters, graphic
    Cormac Watters

    Executive Vice President and General Manager at Oracle EMEA Applications

    Bring a customer on stage to talk about technology in Financial Services they said. So obviously, I invited Christopher Murtagh from the UK government’s Synergy project for a chat.   I think a few folk wondered why the project to unify the #finance and #HR systems of the four biggest departments of central government would have lessons for banks. What can they learn from the public sector?   Once Chris was speaking, it became clear. This is a major business change. It will require some 250,000 civil servants to change the way they are working; bringing process improvements but perhaps some new and unfamiliar ways of working.    What I particularly like about the approach Chris and his team are taking is that they have a clear focus. He explained that his job is to make the jobs of the users he serves easier. And in doing so make the lives of citizens better.    In his words, “user first, citizen first.”   I have a hunch this very clear and very noble purpose will be a key success factor that helps the Synergy team implement Oracle Fusion Cloud Applications.   That’s an important lesson for the financial services industry. In fact for us all. Thank you so much for this Chris.  

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  • View organization page for Oracle Financial Services, graphic
    Oracle Financial Services

    45,671 followers

    Thank you to everyone who joined us for the Oracle Financial Services Summit in London 🇬🇧. We had great conversations led by leaders from across the industry discussing how technology - from the cloud, to AI and embedded finance - are transforming business, reducing risk, creating new opportunities, and improving the customer experience. A special shout out goes to our sponsor, Deloitte for making the event possible. https://lnkd.in/gk43pfDn

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