Corporate Banks Can Drive Greater Digital Customer Engagement with New Oracle Solutions

Oracle Financial Services launched three new corporate banking engagement solutions designed to meet the needs of banks looking to digitize their processes. Oracle Banking Credit Facilities Process Management, Oracle Banking Corporate Lending Process Management and Oracle Banking Trade Finance Process Management can enhance banks’ customer relationships, improve staff productivity and reduce costs.

“Oracle has long been committed to providing the banking sector with innovative financial solutions,” said Chet Kamat, Senior Vice President, Banking for Oracle Financial Services. “Harnessing the power of digitization for corporate banking operations is a step towards enabling banks to deliver exceptional value to their corporate customers. We have equipped them with purposeful insight for better decision-making, enabled standardization of processes to enhance distinct operational capabilities, and empowered them with real-time collaboration and intelligent automation to achieve higher levels of efficiency.”

The traditional approach in corporate banking has been largely concentrated on product processor-oriented work, backed by reams of paperwork. The new solutions will combat labor-intensive processes and digitize them.

Accelerate Digitization

With the launch of Oracle Banking Credit Facilities Process Management banks can accelerate credit origination and servicing, pre-qualify credit lines, track exposures to customers in real-time, and mitigate business risks.

Oracle Banking Corporate Lending Process Management enables banks to meet customers’ on-demand and custom financing needs by accelerating the process of loan origination, servicing and closure.

Oracle Banking Trade Finance Process Management helps banks manage the end-to-end trade finance lifecycle for a wide range of trade services such as guarantees, documentary credit and collections.

Oracle’s corporate banking engagement solutions offer greater productivity for banks with many key features:

• Host-agnosticism
• Configurable workflow automation
• Role-based dashboards
• Intuitive UI
• Multi-device support
• Extensibility
• Real time alerting
• Reporting

In addition, widgets provide intelligent operational and analytical data addressing the needs of sales, operations, risk and legal teams. These solutions are also capable of exposing APIs and providing a front-to-back integration, which enables banks to build an extensible banking platform and enhance their service offerings.