Oracle Financial Services’ Post

#OCW day 1 What an incredible keynote session by our executive Sonny Singh! Sonny highlighted how Oracle’s comprehensive banking suite, built on a microservices architecture with SaaS ground-up is revolutionizing the industry. Then, Sonny brought our SVP of product, Vikram Gupta to discuss embedded AI. Vikram showcased an innovative use case where generative AI streamlines collections call compliance checks—truly exciting advancements! We also heard from Sovan Shatpathy, CTO at Navy Federal Credit Union about their inspiring cloud modernization journey, driven by a commitment to serve their members. Sovan outlined three key drivers: 1. Banking is now a technology and data business: Modernization is essential. 2. Member-centric approach: Members expect their financial institution to support their financial well-being. 3. Future-proofing: Ensuring the institution is ready for what’s next. With $180 billion assets, Navy Federal’s full-scale modernization focuses on these strategic steps: 1. Modern, deconstructed, and slim cores 2. Data-driven, API-led, and cloud-first approach 3. Simplifying and scaling operations 4. Ubiquitous security measures 5. Agile product delivery Their transformation starts at the core—accounts—then expands to products, channels, engagement, and data, all with the member at the center. Lastly, Sovan encouraged other financial institutions to adopt an API-first approach, embrace the cloud, and begin their modernization journey sooner rather than later to stay ahead of the curve. Exciting times ahead for the industry! #banking #corebanking #cloud #genai #ai #saas #modernization Aubrey Hawes Robin Smith Conor Colleary Sanjay Mathew Sam Olson Tushar Chitra