Financial Institutions
Digital disruption is happening across the financial services sector and in every jurisdiction. The drivers of change are consumers’ expectations, increasingly complex regulations, and new technologies that create market opportunities. Oracle ERP and Cloud Industry Solutions can help you deliver financial services in a changing world.
As financial services business leaders and developers have discovered, emerging markets represent huge growth opportunities, and agile technology platforms have lowered barriers to entry. For example, global demand for the mobile wallet market was valued at US$500 billion in 2014 and is expected to reach US$2.5 trillion in 2020, significantly impacting the credit card clearing and debit card fees that were formerly the province of traditional banks.
Agile Cloud Solutions for Digital-First Banking
Oracle Applications bring substantial value to financial institutions by modernizing legacy systems, enhancing compliance, and enabling real-time financial visibility. With robust capabilities across financial management, risk control, procurement, and human resources, banks and financial organizations can streamline operations, ensure regulatory alignment, and drive strategic growth — all within a secure and scalable cloud environment. Embedded AI and analytics empower institutions to automate reconciliation, detect anomalies, and make faster, data-informed decisions, while the integrated architecture supports better collaboration across departments and geographies.
To further enhance Oracle Applications’s relevance in the financial sector, Widestreams has developed a suite of custom applications specifically designed for financial institutions. These vertical solutions include Bank Guarantee Management, Letter of Credit Processing, Post-Dated Cheque Handling, and more — all seamlessly integrated with Oracle Fusion. These targeted solutions address critical operational needs, reduce manual intervention, and ensure compliance with local banking practices, allowing financial institutions to operate more efficiently and serve customers with greater agility.