17 October 2017
visit www.response.ncr.com

Oracle integrates E-Business Suite and Application service with SwiftNet

14 October 2004  |  3962 views  |  0 Oracle

Oracle is enhancing its E-Business Suite and Application Server products to accept the SwiftNet messaging format.

Oracle says the move will bridge the "last mile" of integration between financial services providers and customer back-office systems.

The integration will enable businesses to achieve a single source of data - encompassing both financial and information transactions. Oracle says enhancing its applications for procurement, payables, receivables, payments and expenses to utilise the SwiftNet standard format will enable corporations to create a single, integrated processing environment, which will provide a consistent, transparent view of data across the enterprise. In addition corporate treasurers will be able to integrate back-office information with their bank-supplied cash management services.

Steven Miranda, vice president of financials applications development at Oracle, says the move will provide financial services providers with the tools required to expand their role as information providers, while business organisations will have a fast path to enterprise intelligence that provides a foundation for informed decision making.

The Oracle Application Server enables users to receive, translate, transform, audit and track Swift messages and integrate them with corporate information systems, enterprise data hubs and corporate business processes. Companies can also use standard trading partner management facilities to create, monitor and manage agreements with Swift business partners.

Charles Phillips, president, Oracle, will address Sibos participants during the Thursday October 14 plenary session which will focus on strategies to improve bank and corporate transaction processing through integrated logistical and financial supply chains.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Swift's bid for securities hindered by structural barriers

Swift's bid for securities hindered by structural barriers

13 October 2004  |  5025 views  |  0 comments
Swift goes live with SwiftNet Funds service, signs new fund managers

Swift goes live with SwiftNet Funds service, signs new fund managers

12 October 2004  |  6557 views  |  0 comments
Oracle introduces new Basel II offering

Oracle introduces new Basel II offering

12 October 2004  |  4157 views  |  0 comments
Swift showcases new interface capabilities

Swift showcases new interface capabilities

12 October 2004  |  3773 views  |  0 comments
Swift rebates EUR33 million as Miller cuts up rough on costs

Swift rebates EUR33 million as Miller cuts up rough on costs

11 October 2004  |  4422 views  |  0 comments
Swift to introduce PKI security for FIN

Swift to introduce PKI security for FIN

08 October 2004  |  8784 views  |  0 comments
Strong start for Grid computing in Europe - Oracle

Strong start for Grid computing in Europe - Oracle

07 September 2004  |  5032 views  |  0 comments
Banks give backing to SwiftNet exceptions project

Banks give backing to SwiftNet exceptions project

20 August 2004  |  5701 views  |  0 comments
Oracle works with key partners on payments imaging

Oracle works with key partners on payments imaging

21 May 2004  |  3715 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.sibos.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14972 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8228 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7663 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6979 views comments | 13 tweets | 7 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6206 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job