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UAE’s Mashreq to use Oracle’s Transaction Banking platform
The platform is expected to help Mashreq respond more efficiently to the funding needs of local businesses and address capital diversification too
by Iman Hussain
May 6, 2021
UAE bank Mashreq bank and Oracle financial services are collaborating to modernise the financial institution’s transaction banking capabilities.
Mashreq will implement Oracle’s Transaction Banking platform to provide solutions for digital banking, payments, trade finance, liquidity management and virtual accounts.
Oracle says that the platform will allow Mashreq to respond more efficiently to the region’s need for funding for local businesses and capital diversification.
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Lessons from Israel are universal
Inspired by the Israeli tech ecosystem, Oracle VP Jason Williamson reveals to us his strategies for conquering modern challenges facing startups today Guest Contributor /
By Jason Williamson, Vice President, Oracle for Startups and Oracle for Research
Ever since the early 1990s, Israel has consistently been a hotbed of new innovation and emerging technologies. It is why some of the biggest tech companies dedicate critical resources in Israel, like Oracle’s new cloud region in Jerusalem and our startup program. The Startup Nation is positioned to become even more important, unleashing innovation and business opportunities worldwide.
Artificial intelligence is the future of finance, suggests Oracle study
Artificial intelligence is the future of finance, suggests Oracle study
In the finance market, artificial intelligence (AI) and machine learning encompass everything including chatbot support personnel to corrupt practices identification and work automation. According to Insider Intelligence’s AI in Banking report, the vast majority of businesses (80 percent) recognise the significance of AI.
Artificial intelligence (AI) acknowledgement by financial institutions (FIs) would be speeded up by technological advancement, increasing consumer acknowledgement, and changing legal frameworks. Financial firms that use AI can benefit immensely from their clients by allowing them to interact with their accounts and asset planning services 24.7 days a week.
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