Oracle Financial Services Software was incorporated in India with limited liability on September 27, 1989. Oracle Financial Services Software is a global leader in providing financial technology solutions for the Financial Services Industry. Its solutions empower the financial institutions to become more responsive, agile, collaborative, and insightful in their business.  Its customers rely on company’s solutions to modernize their technology platforms, accelerate digitization and deliver superior customer services. The company provide a comprehensive suite of IT solutions delivering a compelling digital experience and digital engagement to the financial services industry. Its Oracle Financial Services Analytics suite is consistently ranked highly at the top of the charts by the industry analysts. Its portfolio has two streams, transaction banking solutions and analytical solutions. 

Business area of the company

Oracle Financial Services Software along with its subsidiaries is principally engaged in the business of providing information technology solutions to the financial services industry worldwide. The Company has a suite of banking products, which caters to the transaction processing and compliance needs of corporate, retail, investment banking, treasury operations and data warehousing. 

The company have two business segments: products business and Finergy, its services business. The products business is its principal business segment. It provides a comprehensive suite of IT solutions delivering a compelling digital experience and engagement to financial institutions of varying business focus, geographic spread, and scale. Finergy is its services business segment. It is comprised of consulting services and Business Process Outsourcing (BPO) services to the financial services industry.

Products and services

• Oracle Banking: Its products have long been the cornerstone of the global banking technology landscape, offering end-to-end solutions that address the evolving needs of financial institutions. Its banking suite of products span retail banking, corporate banking, digital experience, payments, and revenue management.
• Retail Banking: Its retail banking solutions empower banks to deliver personalized services while streamlining back-office operations with focus on embedded finance, ESG-driven products, and AI-powered decisioning. Its solutions are architected to deliver industry leading performance that enable real-time hyperscale processing capability.
• Corporate Banking: Oracle’s corporate banking solutions help banks onboard, originate and service corporate customers across the banking lifecycle with comprehensive offerings across transaction banking, trade and supply chain finance, corporate credit, and treasury management to help banks cater to global corporations effectively. 
• Lending and Leasing: Its solution for asset finance is a modern, enterprise-wide platform to support the entire asset finance process and delivers seamless, end-to-end digital capabilities, from origination to servicing through collections and asset management. It offers flexible deployment options in the cloud environment.
• Payments: Its payments solution as well as its digital and open banking capabilities span corporate and retail banking.  The company’s cloud-enabled, digital payments solution is built natively on the ISO 20022 framework that is designed to enable banks and financial institutions to process payments in real time, anywhere, and at scale.
• Digital Experience: Its digital banking capabilities provides banks’ customers an entire range of banking services across a wide range of channels, such as: mobile, desktop, social media, digital personal assistants and wearables.

The company’s banking products portfolio

Its product portfolio has significantly expanded over the years and these components can be flexibly offered to suit the business requirements of banks.

• Oracle Banking Origination
• Oracle Banking Collections
• FLEXCUBE Universal Banking
• FLEXCUBE for Islamic Banking
• Oracle Banking Accounts
• Banking Cash Management
• Banking Liquidity Management
• Banking Virtual Accounts Management
• Oracle Banking Trade Finance  

Awards and recognitions

2017

• Oracle Recognized as Category Leader in Chartis RiskTech Quadrant for Financial Crime Risk Management Systems 2017
• Ovum Report: Oracle Provides a Window to the “Black Box” to Drive Machine Learning in Anti-Money Laundering

2018

• Oracle and Equisoft Stand Out in Aite Group Life Insurance Claims Report
• Oracle Recognized as Category leader in Chartis RiskTech Quadrant for Enterprise Fraud Technology 2018

2019

• Arbuthnot Latham Wins CITY A.M. Award, Bank of the Year 2019 with Oracle Solutions
• Oracle Led Team Optipay Wins SIBOS 2019 Hackathon
• Oracle Retains Top Three Position and Wins Multiple Awards in Chartis RiskTech100 2020
• Oracle Asset Liability Management (ALM) Wins Product of the Year at Asia Risk Technology Awards 2019
• Oracle a Leader in 2019 Gartner Magic Quadrant for Global Retail Banking
• KeyBank Wins Celent Model Bank 2019 Award
• Oracle Recognized as a Leader in 2019 IDC Worldwide End-to-End Corporate Banking Solutions Providers
• Novarica Market Navigator: Life / Health / Annuity New Business and Underwriting Systems
• Oracle Wins in Five Categories While Retaining Second Position in Chartis RiskTech100® 2019
• Oracle Recognized as Category Leader in Chartis RiskTech Quadrant® for AML/Watchlist Monitoring Solutions 2019

2020

• Top 3 FinTech Solutions in CeFPro FinTech Leaders Ranking
• Top 3 in RiskTech 100 2020
• IFRS 17 Solutions Provider of the Year AsiaRisk Awards 2020
• 2020 XCelent Awards Health Policy Administration Systems Greatest Breadth of Functionality
• Leader in Gartner Magic Quadrant for Global Retail Banking
• Category Leader in Chartis RiskTech Quadrant for IFRS 17 / LDTI Compliance
• Leader in Gartner Magic Quadrant for Life Insurance Systems
• Leader in IDC Marketscape for End-to-End Corporate Banking Solutions
• Oracle Recognized by Chartis Research as Category Leader for IFRS 17/LDTI Compliance Solutions
• Oracle Financial Services Wins IFRS 17 Solutions Provider of The Year at Asia Risk Technology Awards 2020
• Oracle a Winner in Celent Health Policy Administration Systems Report
• Novarica Market Navigator: Life / Health / Annuity Policy Administration Systems 2020
• Oracle a Leader in 2020 Gartner Magic Quadrant for Global Retail Core Banking
• Westpac Wins Benchmark Award, Best Finance Project, with Oracle Customer Service Solution
• Oracle Named a Leader in the Gartner Magic Quadrant for Life Insurance Systems