Tenece and Oracle team on Wednesday 3rd October 2018, engaged its valued clients and Potential clients in a seminar themed “Building Open Digital Banks For The Future”.
Ray Moodley, Director and Head of Sales, Banking – Africa, Oracle Financial Services and other team members talked extensively on Breaking Open the bank! The Open Banking Cookbook- Introduction to Oracle Banking APIs ‘, Delivering the next generation banking experience with Oracle Banking Digital Experience, Decoding the success codes for banks in the digital age.
Digitalization has pushed Nigerian financial services industry into a state of flux. Inability of banks to offer instant digital experiences to their customers is fostering a wave of innovations from Fintechs, non-banks and digital only banks. The increasing adoption of Fintechs and non-banks by customers pose a significant threat to banks’ market share. Add to this the central bank’s drive for a cashless society! It’s imperative for traditional banks to start the digital journey and opening up the banks with APIs is a step towards it.
This new paradigm holds the promise of addressing shifting customer behavior, meeting regulatory mandates, and confronting the threat of new digital players. Open banking can also help banks build new business models and create additional revenue generating streams. Join Oracle Financial Services in this Executive Briefing to learn how you can jump start your open banking initiatives with Oracle’s over 1500 open APIs across payments, retail and corporate banking domains.
During this seminar, our audience were thrilled to a live Demo of some of the new Oracle solutions.
