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MarketScreener Homepage  >  Equities  >  Nyse  >  Oracle Corporation    ORCL

ORACLE CORPORATION

(ORCL)
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Oracle : Banks Modernize Transaction Services in the Cloud with Oracle

10/21/2020 | 07:59am EST

Banks Modernize Transaction Services in the Cloud with Oracle.

New Oracle Banking Virtual Account Management Cloud Service offers scale and choice for corporate banks.

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 optimizing 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.

Contact Info

Judi Palmer

Oracle

judi.palmer@oracle.com

+1 650 784 7901

Brian Pitts

H+K Strategies

brian.pitts@hkstrategies.com

312 451 1757

Oracle Financial Services

Oracle Financial Services provides solutions for retail banking, corporate banking, payments, asset management, life insurance, annuities and healthcare payers. With our comprehensive set of integrated digital and data platforms, banks and insurers are empowered to deliver next generation financial services. We enable customer-centric transformation, support collaborative innovation and drive efficiency. Our data and analytical platforms help financial institutions drive customer insight, integrate risk and finance, fight financial crime and comply with regulations. To learn more visit our website at https://www.oracle.com/industries/financial-services/index.html.

About Oracle

The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain, and Manufacturing, plus Highly Automated and Secure Oracle Cloud Infrastructure featuring the Oracle Autonomous Database. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 39 854 M - -
Net income 2021 10 204 M - -
Net Debt 2021 30 599 M - -
P/E ratio 2021 16,9x
Yield 2021 1,72%
Capitalization 169 B 169 B -
EV / Sales 2021 5,00x
EV / Sales 2022 4,81x
Nbr of Employees 135 000
Free-Float 61,9%
Chart ORACLE CORPORATION
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Oracle Corporation Technical Analysis Chart | ORCL | US68389X1054 | MarketScreener
Technical analysis trends ORACLE CORPORATION
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Average target price 61,70 $
Last Close Price 56,08 $
Spread / Highest target 24,8%
Spread / Average Target 10,0%
Spread / Lowest Target -19,8%
EPS Revisions
Managers
NameTitle
Safra Ada Catz Chief Executive Officer & Director
Lawrence Joseph Ellison Chairman & Chief Technology Officer
Michael J. Boskin Independent Director
Jeffrey O. Henley Vice Chairman
Jeffrey S. Berg Independent Director
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