Digital bank platform provider Oracle honored with accolade for superiority in digital banking solutions by Celent.
Oracle Financial Services has been praised for its innovative and feature-rich digital banking solutions, particularly the Oracle Banking Digital Experience (OBDE) platform. This recognition comes from Celent, a leading research and advisory firm for financial institutions, which has named Oracle a leader in six of its recently published reports on global digital banking platforms [1].
The OBDE solution offers scalability, broad functionality, multichannel access, and open ecosystem tools, effectively supporting evolving corporate, retail, and small business banking needs [3][5]. According to Patricia Hines, director at Celent, the OBDE delivers a scalable corporate banking solution with broad functionality, multichannel access, and open ecosystem tools to meet evolving business needs [5].
Key features driving this recognition include a scalable corporate banking solution catering to a wide range of financial institutions globally with diverse business requirements. The platform boasts a broad breadth of functionality spanning corporate, retail, and SMB digital banking sectors, demonstrated by multiple XCelent Awards in these categories [3][5].
Oracle's solutions also excel in open ecosystem integration, allowing flexible connectivity and technology integration, enabling banks to leverage complementary tools and services. The multichannel access feature provides seamless banking experiences across various customer touchpoints and channels [3].
Oracle's commitment to delivering secure, feature-rich, and innovative digital banking platforms that continuously evolve with market demands has also been highlighted [3][5]. The company's solutions have been recognised in various regions, including North America, EMEA, and APAC, with a strong global client base, including numerous Tier 1 to 4 banks [3][5].
In addition to the Corporate Digital Banking recognition, Oracle was also noted as an XCelent Award Winner for Breadth of Functionality in the Small Business Digital Banking Platforms: North America Edition [1]. Oracle's solutions for Retail and Small Business Banking were recognised in various editions of Celent's Corporate Digital Banking Platforms reports across EMEA, LATAM, and APAC [1].
Oracle's solutions for Mid-sized to Large Banks were also recognised in Celent's Corporate Digital Banking Platforms - EMEA, LATAM, and APAC Solutions and Corporate Digital Banking Platforms - North America Solutions reports [1]. Sonny Singh, executive vice president and general manager of Oracle Financial Services, stated that the recognition by Celent reaffirms Oracle's esteemed position in the financial services industry [1].
Oracle Banking Digital Experience scored highly for the breadth of functionality across its feature set, including the integration of technology and leveraging an open ecosystem [1]. The platform also won the XCelent Award for "Breadth of Functionality" in four additional digital banking evaluations [1].
In conclusion, Oracle Financial Services has been recognised as a leader in global digital banking platforms, thanks to its Oracle Banking Digital Experience solution. This solution offers scalability, broad functionality, multichannel access, and open ecosystem tools that effectively support evolving corporate, retail, and small business banking needs. Oracle's commitment to innovation, security, and customer service continues to set it apart in the financial services industry.
References: [1] Celent (2023). Oracle Financial Services Recognized as a Leader in Global Digital Banking Platforms. [online] Available at: https://www.celent.com/reports/oracle-financial-services-recognized-leader-global-digital-banking-platforms
[2] Oracle (2023). Oracle Banking Digital Experience. [online] Available at: https://www.oracle.com/financial-services/banking/oracle-banking-digital-experience.html
[3] Celent (2023). Corporate Digital Banking-North America Report. [online] Available at: https://www.celent.com/reports/corporate-digital-banking-north-america-report
[4] Celent (2023). Corporate Digital Banking-EMEA Report. [online] Available at: https://www.celent.com/reports/corporate-digital-banking-emea-report
[5] Celent (2023). Corporate Digital Banking-APAC Report. [online] Available at: https://www.celent.com/reports/corporate-digital-banking-apac-report
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