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

Podcast - Journeys to Treasury Deep-Dive: Cash Flow Hedge Accounting at JT Group

Listen to this audible case study, which provides a lens over the details of a recent cash flow hedge accounting project undertaking by the JT Group treasury team.


Podcast - Innovation as an Enabler: Sustaining Global Trade Finance in Uncertain Times

J.P. Morgan's Bayo Osolake, who joins Eleanor Hill (TMI) to discuss how treasurers can facilitate global trade in the currently turbulent macroeconomic environment.


Relative Normality On Horizon — But Divergent Monetary Policy Pathways Likely

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.


Audio TMI - MMF Reform Proposals Threaten LVNAV Viability for European Treasurers

Proposed MMF changes currently being debated at European Commission level endanger the utility of one of the most popular forms of MMF used by corporate investors across the continent.

Audio TMI - Special FX

Two experts from NatWest share the inside track on how treasurers can better manage FX risks by shaking up legacy processes and old-fashioned thinking, improving data coll...


Audio TMI - Roadmap Towards a First-Class Group Treasury

As the perennial debate continues around the pros and cons of a centralised tre...


Audio TMI - How Etihad Covered all Three ESG Elements in One Sustainability-Linked Financing

Etihad Airways recently raised US$1.2bn in the first sustainability-linked loan in global aviation with terms that relate to all three areas of ESG.


Reducing Friction in International Payments: Five Steps for Treasury Teams

What are the steps that treasury teams can take to remove roadblocks in processing international payments? Daniela Eder, Gibran Maqsood, and Karsten Becker (Barclays) to answer this question.


Keeping the Plates Spinning: the Art of Treasury Project Management

Sandra Shen (Actualize Consulting) joins TMI's Tom Alford to offer professional insight into what defines successful treasury project management. 


Audio TMI - ESG: Time to Decide

The pressure to comply with ESG initiatives is being felt by corporates like never before, with ESG-compliance a common concern among treasury departments.