Oracle Acknowledged for Leading Digital Banking Platforms by Celent
Oracle Banking Digital Experience has been honoured by Celent for delivering a scalable corporate banking solution that caters to diverse digital banking needs across global platforms, including corporate, retail, and Small and Medium-sized Business (SMB) banking.
Broad Functionality and Multichannel Access
The solution offers broad functionality that supports a wide range of banking services, catering to different customer segments. This includes corporate clients, retail customers, and SMBs. Additionally, it provides multichannel access, enabling seamless engagement across various digital channels like web and mobile, enhancing customer convenience and accessibility.
Open Ecosystem Tools
Oracle Banking Digital Experience also boasts open ecosystem tools that facilitate integration with third-party applications and services. This promotes flexibility and extensibility in banking operations, allowing banks to meet diverse client needs.
These features collectively provide scalability, extensive capabilities, and integration flexibility, making it a strong contender in the digital banking landscape.
Strength in Corporate Banking
Notably, Celent’s recognition emphasizes Oracle Banking Digital Experience's strength in corporate banking, suggesting a robust platform that supports complex corporate banking demands while maintaining adaptability for retail and SMB users.
Industry Trends Align with Oracle's Capabilities
Recent digital banking trends highlight the importance of AI for personalized, real-time customer engagement and fraud detection, as well as the critical role of modern, seamless mobile and online services in customer retention and satisfaction. While not exclusive to Oracle’s platform, these industry trends align with the type of capabilities that Oracle embeds for a comprehensive digital banking experience.
Multiple Awards and Recognitions
Oracle's recognition by Celent extends to multiple geographies and lines of business, including Retail and Small Business Banking. The company has won multiple XCelent Awards for "Breadth of Functionality" in Retail, Small Business, and Corporate Digital Banking Platforms across various regions.
Moreover, Oracle Financial Services was assessed by Celent across multiple geographies and lines of business and was named a Luminary in multiple Celent reports.
Executive Commentary
Sonny Singh, executive vice president and general manager of Oracle Financial Services, stated that the recent recognition reaffirms Oracle's esteemed position in the financial services industry.
Conclusion
In summary, Oracle Banking Digital Experience is recognized for its scalability, multichannel support, broad functional coverage, and open tools ecosystem, key attributes that enable banks globally to enhance customer engagement and operational flexibility across corporate, retail, and SMB segments. The solution aims to help customers stay ahead in an increasingly dynamic market.
The solution provided by Oracle Banking Digital Experience caters to diverse digital banking needs across multiple business segments, including corporate clients, retail customers, and Small and Medium-sized Businesses (SMBs). It offers multichannel access for seamless engagement across various digital channels.
Oracle Banking Digital Experience is particularly strong in corporate banking, as evidenced by its recent recognition from Celent. This robust platform supports complex corporate banking demands while maintaining adaptability for retail and SMB users.
