Oracle Financial Services’ Post

#OCW day 1 - SaaS native cloud core banking 🚀During the session “Revolutionizing Industry Cloud with SaaS Native Cloud Banking”, Steve Smith from Accenture and Vikram Gupta and Aubrey Hawes from Oracle discussed how SaaS-native cloud core banking is transforming the industry from the following perspectives: challenges and landscape, key design elements, business strategies, AI, and security & compliance. * The rise of highly scalable, cloud-native solutions is the trend. Banks need to understand the differences between true SaaS applications vs. PaaS applications and adapt rather than remain static. Also, it is important for cost management in core transformations, particularly for regional and community banks. Consumers expect better products and force banks to increase speed to market. * When it comes to design, our approach is to provide unlimited scalability with API-first approach. We offer high performance & maximum resilience with robust disaster recovery. Our solution meets stringent US regulatory standards. * Building vertical apps that drive true cloud transformation. Also, differentiating between ‘me too’ solutions and unique, impactful offerings. We also ensure real-time, scalable banking experiences with data grids enhancing transaction performance. * Banks are still muddling through the AI wave but they are looking into uses cases that can improve customer support, empower associates and enhance decision-making processes. Also, as a bank, have the ability to solve customer’s real problem at the moment is crucial! Let’s transform your banking experience with cloud-native core banking solutions that are built for the future! #coremodernization #SaaSBanking #CloudCoreBanking #saas #cloud #banking #oraclecloudcorebanking