Reducing infrastructure costs
Maintaining a physical, centralized server network is becoming an operational and financial hindrance for many FSIs. Reducing the cost of infrastructure with cloud-based services is optimal for banks and other financial institutions to focus their resources on adapting to change and winning new consumer segments.
Meeting Consumer Needs
Consumers are growing more and more comfortable with the prospect of cloud-based digital banking, mainly the convenience. Many are even willing to switch providers because of this. There’s just one barrier: security. Oracle provides FSIs with the underlying structure to offer convenient digital banking while still ensuring that consumer data is in secure hands.
Securing, Optimizing, and Leveraging Data
Data handling, storage, and analysis are becoming standard practice across all industries, but it’s particularly important in the world of finance. Each customer generates reams of relevant data, and trying to account for it manually is next to impossible. Oracle Cloud infrastructure enables FSIs to automate many aspects of data management, including warehousing, integration, and analytics.