Oracle financial unit to deliver solutions suited to banking, insurance, capital markets
Thursday, 28 June 2007
FE Report
Oracle Tuesday announced that its new Financial Services Global Business Unit will provide an integrated suite of standards-based industry specific applications for banks, insurance companies and capital markets firms.
The world's largest enterprise software company also introduced new solutions for the financial services market that deliver Oracle's industry-leading software across an open IT infrastructure, said a press release.
With more than 12,000 employees and 300 products, the business unit is based in New York City and is focused on delivering adaptive business processes for the financial service industries as customers move to commercial off-the-shelf software.
It combines industry-best practices, with pre-built, sustainable integration across applications built on a service-oriented architecture (SOA) that provides a framework for continuous innovation.
Customers will also have access to the most comprehensive range of vertical applications for financial services, together with a rapidly growing community of Oracle financial services experts and partners to ensure effective solution delivery. Together with an ecosystem of over 2,100 partners, Oracle currently serves 8,500 financial services customers.
"Oracle continues to build on its financial services leadership by delivering new solutions that help empower Financial Institutions to enhance customer intimacy, build competitive advantage, reduce costs and mitigate risk," said Rajesh Hukku, Oracle Senior Vice President and General Manager, Financial Services Global Business Unit.
Oracle Tuesday announced that its new Financial Services Global Business Unit will provide an integrated suite of standards-based industry specific applications for banks, insurance companies and capital markets firms.
The world's largest enterprise software company also introduced new solutions for the financial services market that deliver Oracle's industry-leading software across an open IT infrastructure, said a press release.
With more than 12,000 employees and 300 products, the business unit is based in New York City and is focused on delivering adaptive business processes for the financial service industries as customers move to commercial off-the-shelf software.
It combines industry-best practices, with pre-built, sustainable integration across applications built on a service-oriented architecture (SOA) that provides a framework for continuous innovation.
Customers will also have access to the most comprehensive range of vertical applications for financial services, together with a rapidly growing community of Oracle financial services experts and partners to ensure effective solution delivery. Together with an ecosystem of over 2,100 partners, Oracle currently serves 8,500 financial services customers.
"Oracle continues to build on its financial services leadership by delivering new solutions that help empower Financial Institutions to enhance customer intimacy, build competitive advantage, reduce costs and mitigate risk," said Rajesh Hukku, Oracle Senior Vice President and General Manager, Financial Services Global Business Unit.