Digital Banking Platforms: Celent Honors Oracle for Outstanding Achievement
Oracle's Oracle Banking Digital Experience has been lauded by Celent, a leading technology research and advisory firm for financial institutions, for its secure, scalable, and feature-rich digital banking solutions. The platform has received numerous accolades, including the "Luminary" designation in Celent's Corporate Digital Banking reports for both North America and EMEA/LATAM/APAC regions, and multiple XCelent Awards for its retail and SMB banking platform functionalities.
Recognition for Scalable Corporate Banking Solution
Celent's evaluations highlight the scalability of Oracle's corporate banking solution, which supports large and complex corporate banking operations with high performance and reliability. This recognition underscores Oracle's ability to cater to the evolving needs of corporate banking, providing a solution that is both robust and adaptable.
Broad Functionality Across Multiple Banking Segments
Oracle's platform offers comprehensive features across multiple banking segments, including corporate, retail, and small business banking. This broad functionality has earned the platform the "Breadth of Functionality" award in four retail and SMB categories, demonstrating its versatility and adaptability.
Multichannel Access and Open Ecosystem Tools
The platform's multichannel access feature enables seamless interaction across various digital channels, enhancing client experience and operational flexibility. Furthermore, its open ecosystem tools integrate with other technologies and support an open architecture, facilitating innovation and customization.
A Strong Global Client Base
Oracle's solutions are trusted by a wide range of Tier 1 to Tier 4 banks across North America, EMEA, and APAC, highlighting the platform’s adaptability and service excellence. This strong global client base underscores Oracle's commitment to delivering solutions that meet the diverse needs of financial institutions worldwide.
AI-Powered and Cloud-Native Infrastructure
Oracle's solutions are powered by AI and are cloud-native, ensuring mission-critical availability and compliance with data residency requirements. The platform supports AI workloads with vector search and active/active/active architecture across multiple data centers, positioning Oracle at the forefront of digital banking innovation.
Patricia Hines, director at Celent, wrote that Oracle Banking Digital Experience scored highly for the breadth of functionality and client base and service. Sonny Singh, executive vice president and general manager, Oracle Financial Services, stated that being recognized by Celent as a leader in several categories reaffirms Oracle's esteemed position in the financial services industry.
In conclusion, Oracle's Oracle Banking Digital Experience is a leading digital banking platform, recognised for its scalability, broad functionality, multichannel access, and open ecosystem tools. These recognitions underscore Oracle’s leadership in delivering secure, scalable, and feature-rich digital banking platforms that enable financial institutions to modernize operations and enhance customer experiences globally.
Digital banking solutions from Oracle have been commended for their robust infrastructure, with its corporate banking solution praised for its scalability to support large and complex operations.
Oracle's platform, with its comprehensive features across multiple banking segments, has been granted the "Breadth of Functionality" award in various retail and SMB categories.
