Oracle has unveiled a suite of cash and liquidity management services for banks at the 2023 Sibos banking conference.
The expanded Oracle Banking Cloud Services portfolio will help banks that are seeking to launch or enhance transaction banking solutions.
“With Oracle Banking Cloud Services, banks can quickly compose and launch highly differentiated payment and transaction banking services,” Sonny Singh, executive vice president and general manager of Oracle Financial Services, said.
“[These services] enable their customers to optimise cash and gain the capital clarity they need to meet the challenges and opportunities of a continually volatile market,” Singh added.
The tech giant said the new services would improve visibility, forecasting and control of liquidity.
The new, enhanced or complimentary services announced today include the Oracle Banking Liquidity Management Cloud Service and Oracle Banking Virtual Account Management Cloud Service. Both of these are part of a larger suite of cloud services that can be tailored to each organisation.
According to a media announcement these additional services will help banks to quickly modernise their business capabilities, with less risk.
Oracle has also announced new enhancements to its Oracle Banking Accounts Cloud Service and Oracle Banking Enterprise Limits and Collateral Management Cloud Service.
Sibos is one of the largest financial services conferences in the world and is being held in Toronto from 18 September to 21 September.