- Chief executive of Danske Bank resigns after money-laundering investigation
- NatWest to pilot UK’s first intelligent cash management system
- EEA nationals play a key role in financial services, says UK Finance
- Public register for the UK Money Markets Code launched
- Mastercard agrees to settle monetary damages related to US merchant litigation
- Bitcoin will lose 50% of its market share to Ethereum in five years
- Nomura leads first green bond offering in Japanese manufacturing industry expired
- FS industry should be looking ahead to move beyond traditional cards, says Arxan expired
- NAB announces a number of executive changes expired
- Focus on issuer fundamentals critical in AT1 market, says Scope expired
- HSBC chief executive of Global Private Banking to retire expired
- UAE’s new expat laws could make it one of the world’s top ten financial hubs expired
13th April 2018
New Oracle banking APIs help banks build faster, better services
Oracle Financial Services has announced the general availability of a new solution Oracle Banking APIs targeted at helping banks embarking on an Open Banking journey. Banks can take advantage of the ready to consume APIs to accelerate their initiatives to tap new opportunities presented by open banking and regulations like PSD2.
Oracle Banking APIs enable banks to build seamless partnerships with third-party technology organisations, easily integrate with corporate client applications and reduce the time between API ideation and delivery.
Key features of Oracle Banking APIs:
• More than 1,500 APIs in the sphere of payments, retail and corporate banking including specialised functionalities such as multi-product originations, retail customer financial insights, bulk payments, and trade finance.
• Dynamic customisable APIs that understand business logic with intelligent pre- and post-processing capabilities.
• Centralised change management for faster-time-to-market.
• Ease of integration with any existing banking solutions.
Banks that use Oracle Banking APIs can take advantage of pre-integration with existing Oracle core banking systems, Oracle Banking Digital Experience, Oracle Identity Cloud Service and Oracle API Platform Cloud Service. The solution is also capable of working with any core banking or online banking solution, identity management and API gateway solution.
“The early mover advantage is critical for success for banks in the open banking era,” said Chet Kamat, Senior Vice President, Oracle Financial Services. “Oracle Banking APIs is designed to bring acceleration, and help banks gain competitive advantage in the market.”