Oracle Banking PaymentsReimagining Payments for a Connected World

The connected world is changing how consumers and organizations conduct business and make payments. It calls for a radical change in the way banks serve their customers. In this era, consumers and businesses expect payments to be executed immediately. Adoption of real time payments is becoming mainstream across many markets and is no longer viewed as an innovation anymore. Also, many parts of the payments landscape are getting disrupted by FinTechs who offer greater convenience, personalized service, higher rewards, and greater efficiency than traditional players. In this scenario, banks and financial institutions must reassess their existing payments strategy and infrastructure.

Over the years, banks built and managed multiple systems to meet various payment needs of their customers. The demand for instant of everything is forcing banks to rethink their traditional business models and explore new innovative ecosystem models. However, their aging and highly complex IT infrastructure does not give the bank the agility they need to rapidly meet changing market demands. Banks are then forced to undertake expensive integration projects to remain relevant. Therefore embracing a modern payments strategy is crucial for banks to thrive in an increasingly fast and connected world.

ORACLE BANKING PAYMENTS – PAYMENTS PROCESSING TO UNLEASH INNOVATION

Oracle Banking Payments is a complete payments processing solution with a flexible architecture designed to help banks meet the needs of a connected world. The solution is a stand-alone processing solution designed specifically to meet the pressures of external demands and solve internal challenges. The solution supports global standards, offers real-time capability, lowers cost per payment and is suited to the needs of both retail and corporate customers.

By 2020, a payment will be understood to be much more than just the settlement of a transaction or the mere movement of funds.

Global Payment Transformation 2020 - BNY Mellon

Global digital payments volumes are predicted to increase by an average 10.9 percent through to 2020, reaching nearly 726 billion transactions.

World Payments Report 2017

Visibility of Liquidity

Automated Routing For Settlement

Compliance With SEPA,

SWIFT

Real Time Transactions

Advanced Analytics

Security & Risk

Management

Unified & Standardized Processing

Built-in ISO 20022 Canonical

Model

Oracle Banking Payments Enables Digital Payment Transformation

Industry Certified with Built-in SWIFT GPI & PSD2

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Oracle Financial Services has been supporting payments for over

two decades as a vendor, running payments for over 500 banks

across 140 countries.

BANK

$$$$

1/4th of India’s instant payments volumes are processed by Oracle

ORACLE BANKING PAYMENT 3

Together with Oracle Financial Services Analytical Applications (OFSAA), Oracle Banking Digital Experience, Oracle FLEXCUBE, Oracle Banking Platform, Oracle Banking APIs and Oracle Financial Services Revenue Management & Billing, Oracle Banking Payments makes Oracle the most comprehensive solution provider for the payments industry.

MODULAR PAYMENTS PROCESSING TO UNLEASH INNOVATION

A Complete Solution

A stand alone, agile and scalable payments processing solution designed to meet requirements of both retail and corporate banking. It provides global, multi-currency, multientity, and multi-standard coverage.

Standardized Messaging and Processing

Built grounds up with ISO 20022, it provides data standardization creating a higher degree of automation and straight through processing. It increases traceability of payments right through the cycle.

Robust Processing Power

The solution is a channel agnostic payments hub that offers a powerful processing speed. It can intelligently optimize cost for the bank by choosing the most optimal route for processing domestic and cross border transactions.

Automated Routing for Different Payment Types

In-built automated routing through different networks enables banks flexibility to choose the best network for customers or work with a customer specified network.

Input Layer Processing Layer Output Layer

Cross-Border

Domestic Low-Value

Domestic High-Value

Real-time (Faster/ Instant)

Direct Debits

Direct Credits/ Deposits

Clearing & Instruments

Book Transfers

Dashboards Operations Queues

Pricing Beneficiary Register

Connectivity

Uniform & mixed bulk payloads, single

payloads

Connectivity

Messaging

User Input

Net bank

C2B File Upload

App integration

Integration APIs / Services

Bank’s application environment: Channels, DDA, Accounting/GL, Static Data, Sanctions, FX

Shared sub-systems

Dedicated Processing Flows

Channels

Messaging

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Our Vision “To be the global leader in retail & corporate payments, helping banks builda safe, secure and simple digital payments ecosystem.”

Flexible Architecture to Suit Customer Needs

The solution comprises of three components of core processing, messaging and connectivity. Banks can choose to implement the entire solution or just the necessary components.

Visibility and Insight into Transactions

Intelligence to route payments while retaining the original file details enabling visibility into the status of different types of payments. It provides the ability to bring any operational activity into a consolidated queue and dashboard mechanism.

Set Up for Innovation

Provides various types of APIs as SOAP, Web or REST services to integrate other applications with Oracle Banking Payments and enables banks and their partners to innovate and find new avenues of growth.

ORACLE BANKING PAYMENTS 5

STANDARDIZED PROCESSING FOR GREATER CONTROL

Compliance to Global Standards

Reduces complexity and enables compliance with SEPA, SWIFT and ISO schemes. The solution is certifeld with built-in SWIFT GPI and PSD2 standards. Provides seamless control over payments data for analytics and fraud prevention.

Frictionless Payments Experience

The solution boasts of a palette of over 1500 APIs built for Oracle’s banking suite that allows banks to create differentiated customer experiences, new product offerings and offer seamless connectivity between applications.

Security and Risk Management

Designed to minimize risk and fraud, ensuring superior information security. Provides for better management and monitoring for AML and compliance. The solution reviews $105 trillion of gross payments monthly for fraud detection.

Mobile and wearable contact-less payments are expected to reach $95 Billion annually by 2018.

Top trends in Payments 2018 Report by Capgemini

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500% increase in Payment Transaction Volumes for a large Asian Bank

>35,000 New mobile banking customers on launch and >3,75,000 Internet banking customers for a leading bank in Nigeria

95% Improvement in Bulk-file processing turnaround for a large private bank in Taiwan

We have helped our Customers achieve:

Designed with ISO 20022 data

standards to adapt to emerging

payments

Global multi-currency, multi-entity, multi-

standard coverage for payments

Enhance revenue through flexible

pricing and accelerate speed to market

Gain absolute control over payments data for analytics & fraud prevention

Out-of-box support for major payment regulatory/compliance/industry mandates

Seamlessly transition to a secure open banking ecosystem

ORACLE BANKING PAYMENT 7

ORACLE CORPORATION

Worldwide Headquarters500 Oracle Parkway, Redwood Shores, CA 94065, USA

Worldwide InquiriesTELE + 1.650.506.7000 + 1.800.ORACLE1

FA X + 1.650.506.7200 oracle.com

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