Oracle has made a significant addition to its Oracle Banking Cloud Services portfolio.

The expansion aims to assist banks in rapidly introducing all-encompassing transaction banking services. This not only covers cash and liquidity management but also extends to virtual account management. The primary goal is to bolster transparency, forecasting capabilities, and liquidity control, enabling customers to utilise their cash resources more proficiently.

Oracle’s enhanced offering includes services that allow real-time payments processing, hyperscale account operations, and easily integrable APIs. These features are designed to directly embed within a company’s existing ERP systems, thus facilitating instantaneous payments, settlements, and cash cycle optimisation.

Oracle’s new services are part of a more extensive cloud-native suite built on a microservices architecture. This design ensures that banks can quickly adapt to modern business demands with minimal risk.

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