Oracle Forms Financial Services Global Business Unit
Oracle Corp. [ticker: ORCL] is forming a unit to focus its offerings to banks, insurance companies, and capital markets firms.
A central part of Oracle’s strategy is to provide a seamless infrastructure and application platform for financial services based on its Application Integration Architecture platform, which features pre-built integration services across Oracle’s enterprise resource planning, customer relationship management, and vertical industry applications.
The new unit is called the Financial Services Global Business Unit.
Oracle has also announced that it is offering a product called Process Integration Pack for Banking Account Origination, which unites front- and back-office solutions to give banks a single view of a customer and streamline its account-opening processes.
The Oracle business unit for financial services will have 12,000 employees and 300 products.
Post HTML:
Post BBcode:
