Treasury Management Internation Logo

Banks Modernise Transaction Services in the Cloud with Oracle


California – Corporations are under constant pressure to efficiently manage capital and adapt to changing environments. In turn, banks must offer transaction-banking solutions that can rapidly scale based on the dynamic shifts with corporate client demands. With the new Oracle Banking Virtual Account Management Cloud Service banks can quickly deploy a wide range of banking services that help their corporate customers easily access their cash position and manage working capital at any time.

Built on Oracle Cloud Infrastructure (OCI) and an adaptable microservices architecture, Oracle Virtual Account Management Cloud Service empowers banks to offer better transaction services such as efficient liquidity management, managing receivables and payables in real-time, in-house banking, and client money management. These services are critical as corporate clients’ cash flow priorities are constantly changing in this unpredictable environment.

“We have reinvented Virtual Account Management on a modern, open architecture, giving banks real-time liquidity insight to help drive unparalleled efficiency and offer better capital clarity for their customers,” said Sonny Singh, Executive Vice President and General Manager, Oracle Financial Services. “We’re delivering this service on our high-performance infrastructure cloud so banks receive the on-demand agility and scalability they need to innovate and succeed.”

When paired with the Oracle Banking Digital Experience, the cloud service provides clients self-service capabilities so they can perform the same actions as a banker, such as independently making transactions and forecasting cash flow. The standalone product is flexible and easily co-deployed with third-party cash and liquidity management programs, which makes for a faster and simpler implementation.

With Virtual Account Management Cloud Service, banks can also save time and money by optimising internal operational expenses and helping eliminate capital expenditures. In addition, because the service is built on OCI, it offers high levels of system availability, scalability, performance, and data security.

Learn more about the Oracle Banking Virtual Account Management Cloud Service solution here. Learn more about Oracle Cloud Infrastructure here.

Most recent episodes

Trends in RFPs and RFIs: What Treasurers Want

Eleanor Hill (TMI) invites Dick Oskam and Bert Van Drie (ING) into the TreasuryCast hotseat to find out what trends treasurers want to see emerge from the Request for Proposal (RFP) and Request for Information (RFI)...


Creating a Connected Financial Office

When data flows are connected, it’s so much easier to make quick and accurate decisions. This is the principle behind the notion of the connected financial office. In this podcast, Gareth Priest (Bottomline Technologies) provides informed advice on how...


Journeys to Treasury: Managing Changing Perspectives

For this special edition of TreasuryCast, we showcase the results of the Journeys to Treasury 2021-22 report. Here, Jan Dirk van Beusekom (BNP Paribas) and Christian Mnich (SAP) offer Eleanor Hill (TMI) an informed view...


Cybersecurity for Treasurers

Cybercrime and fraud is on the rise and new attack vectors are emerging with alarming frequency. In this podcast, Nicolas Trimbour (BNP Paribas) and Laurent Sarrat (Sis ID) provide an overview of the latest tools and best practices treasurers should be employing...


A New Treasury Ecosystem: Open Banking, APIs, and BaaS

For this special edition of TreasuryCast, Eleanor Hill invites Peter Claus-Landi (GE) and Jared Smith (HSBC) to cover how key API-centric developments are changing the treasury landscape. With APIs significantly...


Using Data as the Corner for Finance Transformation

Many organisations face challenges in managing spend, payments, and cash effectively due to siloed processes and datasets across multiple departments. In this podcast, Ulrika Haug (Coupa) and Kim Estes (The Knot...


Realising Treasury’s True Value – A Strategy for Change

Join John Meehan (Froneri) to hear how Froneri utilised a year of no acquisitions and no meetings to implement a total transformation project through implementation of a TMS, unlocking the true value of his corporate...


Lessons from Innospec on Building a Strong Cash Culture

Without ready access to the key metrics of cash forecasting, Andrew Hawes (Innospec) knew the business could do little more than react to events. But without the collaboration of key stakeholders too, he knew that...


How to Make Your TMS the Ultimate Investment Tool

The right TMS can be a huge asset to treasury. But these one-stop shops often fall short when it comes to short term investment workflows. In this podcast, Ed Lopez, James Griffin (Calastone), Jeannot Jonas (Carrier...