Oracle Financial Services Software Ltd

Oracle Financial Services Software Ltd Overview

Company Headquarters: India

Founded: 1990

Workforce: ~ 132,145

Company Working: Oracle Financial Services Software Ltd offers comprehensive information technology solutions to the financial services industry globally. Its banking solutions help banks and financial service institutes to bring new products to the market, achieve success through collaboration, and build customer-centric digital solutions for the increasingly complex financial ecosystem. It offers accounting and transaction processing software to investment managers, banks, and mutual fund providers. It also provides internet delivery of financial services along with business intelligence and analytical applications. The company offers a comprehensive suite of products and services offerings for corporate, retail, and investment banks. It operates in three business segments, namely, product, consulting services, and BPO services. The product business segment comprises of product licensing, support, and consulting. This segment provides solutions such as baking digital experience, banking APIs, banking platform, and others. The company has its subsidiaries in Chile, Singapore, Greece, Mauritius, the Netherlands, China, and the US.

Strategy

Oracle’s corporate strategy is continued investments in incorporating innovation in the products and services offered through its cloud and on-premise software, hardware, and services businesses. The company continuously makes a significant amount of investments in research and developments to develop solutions for the changing needs of the banking industry. It has dedicated R&D centers that have produced a number of products and are used by various banks in more than 150 countries.

Company Snapshot

$39.07M

Revenue

132,145

Employees

1990

Founded

India

Headquarters

SWOT Analysis

Strengths

Wide customer base
Global distribution capabilities
Development of new products and solutions

Weaknesses

Litigations

Opportunities

Growing adoption of cloud-based technology
Increasing adoption of IoT

Threats

Intense market competition
Adverse tax policies

Key Developments

Date	Approach	Development
February 2023	Partnership	One of Japan's leading financial services companies, Mizuho Bank, Ltd., an integrated retail and corporate banking unit of Mizuho Financial Group, is updating its antiquated banking system for global operations with Oracle. In the upcoming years, Mizuho will integrate Oracle's banking solutions to support crucial activities at its significant overseas offices, including direct deposit accounts and liquidity management. The traditional banking system of Mizuho was successfully replaced at its New York headquarters, marking the start of the roll-out.
January 2020	Contract	Oracle Financial Services has signed contract with various banks in Libya, Somalia, and Sudan. The company has taken a deal from its rival Temenos and Path Solutions for a Soudan-based commercial bank, Khartoum.
August 2019	Contracts	Oracle Financial Services signed license deals with customers in 35 countries worth USD 29 million for the provision of core banking solutions. The flagship core banking system, FLEXCUBE, has been selected by Xalq Bank in Azerbaijan. In Africa, Oracle has received a massive expansion deal with its existing client Ecobank that is helping the company to strengthen its position in the African region.

Product Offering

Oracle Financial Services Software Ltd
- Solution

Financial Performance

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