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FINANCIAL SERVICES CLOUD INDUSTRY SOLUTIONS

Digital Innovation Platform

Technology innovations like artificial intelligence, cloud, blockchain, analytics, and mobility everywhere are shaking the foundation of the financial services industry. A digital transformation is underway that is disrupting traditional business models and the way customer’s access financial services. Like Netflix, Uber, and Instagram, financial technology firms (fintechs) are rapidly harnessing and monetizing disruptive innovation to improve the customer experience.

Alorasoft Digital Innovation Platform is a cloud-based open-API enabled solution built on an enterprise-grade IAAS and PAAS platform. The solution offers high value, and predictable integration with fintechs and banking API services, allowing banks like yours to safely and securely implement innovation goals in weeks instead of years.

Alorasoft works with the world’s largest banks, and, as a pure technology company, we are ideally suited to help you integrate and accelerate monetization of your digital innovations with fintechs in this age of digital transformation.

Engaged Bank

Manage the Financial Health of Consumers and Businesses

Financial institutions are pressured by digital disruption and threatened by financial technology firms (fintechs) that can respond much faster to the mobile customer. Alorasoft provides a comprehensive, enterprise-level solution for managing the financial well-being of consumers and businesses across modern marketing, sales, and service processes. This complete solution opens new digital channels and enables recommendations of financial offerings using predictive analytics and artificial intelligence.

For example, customers can interact from their mobile devices with a virtual assistant and transition directly to the branch banking specialist in one conversation. Personalized assistance is driven by external mobile, social, and digital data that captures financial behavior. This enables relevant financial advice across the customers’ life stages and in the context of selecting financial services.

Alorasoft platform sets the foundation for complex financial transactions and is easily extendable to unique financial processes and/or existing ecosystems in a secure and compliant way.

The Financial Services API Economy

Open bank API’s are quickly becoming the operating system of the new financial-services digital economy. Driven by the regulatory environment, the rise of financial technology firms (fintechs), technological innovations, and the wave of millennial customers, today’s banks are at a critical tipping point regarding how to successfully grow the business.

If you are looking to achieve hyper-growth in an environment like this, embracing the open bank API economy through collaboration with peer banks and innovative fintechs is key. But API-enablement projects are often undertaken without consideration for unpredictable volume, resilience and absolute security characteristics.

Alorasoft Financial Services API Economy solution helps financial institutions achieve their goals. Whether you’re putting in the groundwork’s for becoming an economic API player, focusing on compliance to regulation such as PSD2 or CMA, getting ready to start monetizing your API’s or boldly planning to transform your bank into a platform bank, the solution will help you evolve to the next stage.

See how Oracle can help you embrace the open banking API economy.