Oracle receives SWIFTReady Payments Label

SWIFTReady Payments Label

Oracle FLEXCUBE Universal Banking 12.0, a transaction banking solution provided by Oracle, has received the SWIFTReady Payments Label 2012 (view press release).

The SWIFTReady Payments label certifies core banking or payments applications that enable the initiation, generation, processing and settlement of inter-bank payments. 

Chet Kamat, CEO and Managing Director at Oracle Financial Services Software said: “Providing full service payments capabilities with enhanced rate of Straight Though Processing (STP) combined with strong exception management capability is key for banks globally. The SWIFTReady Payment Label 2012 shows current and prospective customers that Oracle FLEXCUBE Universal Banking supports the latest SWIFT payments standards and can easily integrate with the SWIFT environment. Oracle’s relationship with SWIFT demonstrates our commitment to adhering to industry standards as we continue to develop solutions that help financial services organizations address pressing and ever-changing business challenges.”

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