Banks Can Speed Access to Capital with New Oracle Trade and Supply Chain Finance Cloud Services
Oracle (NYSE:ORCL) has launched new Trade Finance and Supply Chain Finance cloud services designed to modernize and streamline banking operations. These services aim to help banks provide faster financing access to corporate and SME clients through automated trade processes.
The new solutions feature digital self-service capabilities, automated workflows, and real-time updates for corporate clients. Key functionalities include digital onboarding with automated KYC checks, transparent tracking of finance requests, collateral management, and real-time limit utilization monitoring.
The announcement comes as the global trade finance gap reaches $2.5 trillion, representing 10% of global merchandise trade, according to the Asian Development Bank. The cloud services are part of Oracle's broader Banking Cloud Services portfolio and operate on Oracle Cloud Infrastructure.
Oracle (NYSE:ORCL) ha lanciato nuovi servizi cloud per il Trade Finance e il Supply Chain Finance, progettati per modernizzare e semplificare le operazioni bancarie. Questi servizi mirano ad aiutare le banche a offrire un accesso più rapido ai finanziamenti per clienti corporate e PMI attraverso processi commerciali automatizzati.
Le nuove soluzioni includono funzionalità di self-service digitale, flussi di lavoro automatizzati e aggiornamenti in tempo reale per i clienti aziendali. Le caratteristiche principali comprendono l'onboarding digitale con controlli KYC automatizzati, il monitoraggio trasparente delle richieste di finanziamento, la gestione delle garanzie e il controllo in tempo reale dell’utilizzo dei limiti.
L’annuncio arriva mentre il divario globale nel finanziamento del commercio raggiunge 2,5 trilioni di dollari, pari al 10% del commercio mondiale di merci, secondo la Banca Asiatica di Sviluppo. I servizi cloud fanno parte del più ampio portafoglio Banking Cloud Services di Oracle e operano su Oracle Cloud Infrastructure.
Oracle (NYSE:ORCL) ha lanzado nuevos servicios en la nube para Trade Finance y Supply Chain Finance, diseñados para modernizar y agilizar las operaciones bancarias. Estos servicios buscan ayudar a los bancos a ofrecer un acceso más rápido a financiamiento para clientes corporativos y PYMEs mediante procesos comerciales automatizados.
Las nuevas soluciones incluyen capacidades de autoservicio digital, flujos de trabajo automatizados y actualizaciones en tiempo real para clientes corporativos. Las funcionalidades clave abarcan la incorporación digital con verificaciones KYC automatizadas, seguimiento transparente de solicitudes de financiamiento, gestión de garantías y monitoreo en tiempo real del uso de límites.
El anuncio se produce mientras la brecha global en financiamiento comercial alcanza los 2,5 billones de dólares, representando el 10% del comercio mundial de mercancías, según el Banco Asiático de Desarrollo. Los servicios en la nube forman parte del portafolio más amplio de Banking Cloud Services de Oracle y operan sobre Oracle Cloud Infrastructure.
Oracle (NYSE:ORCL)은 은행 업무를 현대화하고 간소화하기 위해 설계된 새로운 무역 금융 및 공급망 금융 클라우드 서비스를 출시했습니다. 이 서비스는 자동화된 무역 프로세스를 통해 기업 및 중소기업 고객에게 더 빠른 금융 접근을 제공하는 데 도움을 주고자 합니다.
새 솔루션은 디지털 셀프서비스 기능, 자동화된 워크플로우, 실시간 업데이트를 기업 고객에게 제공합니다. 주요 기능으로는 자동 KYC 검증을 포함한 디지털 온보딩, 금융 요청의 투명한 추적, 담보 관리, 실시간 한도 사용 모니터링이 포함됩니다.
이번 발표는 아시아개발은행에 따르면 전 세계 무역 금융 격차가 2.5조 달러에 이르며, 이는 전 세계 상품 무역의 10%에 해당하는 시점에 이루어졌습니다. 이 클라우드 서비스는 Oracle의 광범위한 Banking Cloud Services 포트폴리오의 일부이며 Oracle Cloud Infrastructure에서 운영됩니다.
Oracle (NYSE:ORCL) a lancé de nouveaux services cloud de Trade Finance et de Supply Chain Finance conçus pour moderniser et simplifier les opérations bancaires. Ces services visent à aider les banques à offrir un accès plus rapide au financement pour les clients entreprises et PME grâce à des processus commerciaux automatisés.
Les nouvelles solutions proposent des fonctionnalités d’auto-service numérique, des workflows automatisés et des mises à jour en temps réel pour les clients corporatifs. Les fonctionnalités clés incluent l’intégration numérique avec vérifications KYC automatisées, le suivi transparent des demandes de financement, la gestion des garanties et la surveillance en temps réel de l’utilisation des limites.
L’annonce intervient alors que le déficit mondial du financement du commerce atteint 2,5 trillions de dollars, représentant 10 % du commerce mondial de marchandises, selon la Banque asiatique de développement. Ces services cloud font partie du portefeuille plus large Banking Cloud Services d’Oracle et fonctionnent sur Oracle Cloud Infrastructure.
Oracle (NYSE:ORCL) hat neue Cloud-Dienste für Trade Finance und Supply Chain Finance eingeführt, die darauf abzielen, Bankgeschäfte zu modernisieren und zu vereinfachen. Diese Dienste sollen Banken dabei unterstützen, Unternehmen und KMUs durch automatisierte Handelsprozesse schneller Zugang zu Finanzierungen zu bieten.
Die neuen Lösungen verfügen über digitale Self-Service-Funktionen, automatisierte Workflows und Echtzeit-Updates für Unternehmenskunden. Zu den Hauptfunktionen gehören digitales Onboarding mit automatisierten KYC-Prüfungen, transparente Nachverfolgung von Finanzierungsanfragen, Sicherheitenverwaltung und Echtzeit-Überwachung der Limitnutzung.
Die Ankündigung erfolgt vor dem Hintergrund, dass die globale Finanzierungslücke im Handelsfinanzbereich laut der Asiatischen Entwicklungsbank 2,5 Billionen US-Dollar erreicht hat, was 10 % des weltweiten Warenhandels entspricht. Die Cloud-Dienste sind Teil des umfassenderen Banking Cloud Services-Portfolios von Oracle und laufen auf der Oracle Cloud Infrastructure.
- Introduction of automated workflows and flexible product configurations for digital trade operations
- Digital self-service capabilities enabling real-time transaction tracking and updates
- Automated KYC checks streamlining corporate client onboarding process
- Cloud-native applications offering faster deployment and reduced IT costs
- None.
Insights
Oracle's new cloud services target a $2.5T trade finance gap, enhancing banks' operational efficiency and client experience.
Oracle has launched two strategic cloud services aimed at modernizing banks' trade finance operations. The Oracle Trade Finance and Supply Chain Finance cloud services directly address the
These cloud-native solutions tackle critical inefficiencies in trade finance by automating workflows, streamlining operations across currencies and geographies, and digitizing traditionally paper-heavy processes. For banks, this translates to accelerated underwriting, improved fraud prevention, enhanced regulatory compliance, and ultimately faster service delivery.
The solutions provide significant client-facing benefits through digital self-service capabilities. Corporate clients gain real-time visibility into transaction status, limit utilization, and collateral management. The supply chain finance component enables both supplier-centric and buyer-centric financing options with automated KYC checks for counterparty onboarding.
These offerings complement Oracle's broader Banking Cloud Services portfolio, which includes various digital banking, payments, and management solutions. The modular, componentized architecture allows banks to deploy these services either as standalone solutions or integrated with existing systems, potentially reducing implementation risk while accelerating time-to-value.
By addressing the substantial efficiency gaps in traditional trade finance systems, Oracle is positioning itself to capture market share in the banking technology modernization wave, particularly as financial institutions seek to enhance corporate banking services and compete more effectively in transaction banking.
Automation and streamlined operations enable greater speed, transparency, and value-added services to corporate clients
By modernizing these corporate banking functions, banks can accelerate underwriting processes, improve regulatory compliance management, reduce physical documentation, and more effectively prevent fraud. In addition, the new digital self-service capabilities provide corporate clients the ability to initiate transactions and get real-time updates, including the ability to transparently track the progress of their finance requests, manage collateral, and get a real-time view of limits utilized, leading to a better customer experience. Corporates can also digitally onboard their counterparties as part of a tailored supply chain finance program with automated Know Your Customer (KYC) checks. This helps inject liquidity across the value chain for more financial flexibility and to enable banks to offer add-on services to the trade ecosystem.
"Trade finance and supply chain finance demand a resilient and agile technology foundation, one that can adapt to the inherent volatility of global commerce," said Sovan Shatpathy, senior vice president, product management and development, Oracle Financial Services. "Our next-generation cloud solutions are purpose-built to transform how banks manage the full trade lifecycle delivering faster execution, greater operational efficiency, and enhanced transparency by harnessing the scale and intelligence of the cloud."
The new solutions are part of the broader Oracle Banking Cloud Services portfolio, which includes Oracle Digital Banking Experience, Banking APIs, Originations, Accounts, Cash Management, Enterprise Limits and Collateral Management, Payments and Retail cloud services.
Addressing the trade finance and supply chain finance gap
The Asian Development Bank has reported1 that the global trade finance gap is estimated at USD
Oracle Banking Trade Finance Cloud Service provides automated workflows and flexible product configurations to support digital trade operations across multiple geographies. This includes managing the end-to-end lifecycle for a wide range of trade finance services, such as documentary credits, guarantees, and documentary collections.
Oracle Banking Supply Chain Finance Cloud Service is a pre-built and pre-configured digital, front-to-back solution that enables banks to bring new products to market faster and efficiently manage buyers and suppliers on the same platform. Complete automation and straight-through processing (STP) of disbursement and liquidation processes also helps banks scale their supply chain finance operations and reach new customer segments.
Each cloud-native application in the componentized, and composable Oracle Banking Cloud Services portfolio helps banks modernize with less risk and deliver faster time-to-value. Services can run standalone or integrate with existing systems, providing provisioning and availability in just minutes. They also feature automated patching and reduced disaster-recovery switchover times that can lower IT costs and burden. The services are built on the security, performance and scalability of Oracle Cloud Infrastructure.
To learn more, visit: oracle.com/financial-services/banking/cloud-services
About Oracle Financial Services
Oracle Financial Services provides solutions for retail banking, corporate banking, payments, asset management, life insurance, annuities, and healthcare payers. With our comprehensive set of integrated digital and data platforms, banks and insurers are empowered to deliver next-generation financial services. We enable customer-centric transformation, support collaborative innovation, and drive efficiency. Our data and analytical platforms help financial institutions drive customer insight, integrate risk and finance, fight financial crime, and comply with regulations. To learn more, visit our website at https://www.oracle.com/financial-services.
About Oracle
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1 ADB - 2023 Trade Finance Gaps, Growth, and Jobs Survey, September 2023, https://www.adb.org/publications/2023-trade-finance-gaps-growth-jobs-survey
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SOURCE Oracle
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