Oracle adds cash, collateral and liquidity services to banking cloud

Oracle announced an expansion to its Banking Cloud Services portfolio spanning cash management, liquidity management, and virtual account management. With Oracle’s real-time payments processing, hyperscale account operations, and APIs, the new services are expected to help banks improve visibility, forecasting, and better control liquidity to help customers leverage cash more effectively.

With an estimated $1.7 trillion USD tied up in working capital, corporates are eager to boost cash management and optimize credit ingestion, both of which are critical to corporate performance and profitability.

“Delivering enriched customer and banker experiences that provide immediate and tangible business value will be the growth lifeline for banks in the near term,” said Sonny Singh, executive vice president and general manager of Oracle Financial Services, in a statement. “With Oracle Banking Cloud Services, banks can quickly compose and launch highly differentiated payment and transaction banking services that enable their customers to optimize cash and gain the capital clarity they need to meet the challenges and opportunities of a continually volatile market.”

A few of the service highlights include:

Oracle Banking Liquidity Management Cloud Service: drives additional avenues for higher-yield investments and offers key capabilities such as pooling, sweeping, and interest optimization. With the service banks can enable corporates to manage their working capital more efficiently, improve accessibility to internal and external funding, and automate processes and backend systems.

Oracle Banking Cash Management Cloud Service: empowers banks to help corporate customers optimize working capital management with accurate cash flow forecasting, efficient collections and receivables management, and automated reconciliation.

Oracle Banking Enterprise Limits and Collateral Management Cloud Service: provides comprehensive and highly configurable processes that digitize and simplify the entire credit lifecycle. The service streamlines onboarding of single or multiple borrowers and the creation and management of limits, collaterals, and associated covenants across overdraft, lending, trade, and treasury products with straight-through processing and automation. With the offering, banks can optimize credit decisions and accelerate credit origination and servicing while mitigating business risks.

Read the full release

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