CTBC Bank Co. Ltd. has chosen Oracle Financial Services to help modernize its corporate banking and payments operations across branches in seven countries.

CTBC’s New York City branch is the first location to go live with the Oracle Banking portfolio, helping the bank better serve and build deeper relationships with customers, and build new products and services faster as the business evolves.

Replacing its existing highly customized and complex payments platform with Oracle Banking Payments, CTBC’s New York branch is now running on a certified SWIFT-compatible application that supports real-time, low-cost payments. A key differentiator, the solutions provide direct integration into the Federal Reserve’s FedLine products, which offer convenient Internet Protocol (IP)-based options for critical payment services. By automating complex processing and workflows, Oracle Banking Payments is also helping CTBC reduce operational costs and improve visibility into its liquidity positions.

Oracle Banking is a portfolio of financial services applications that enable banks to offer a complete set of digital banking services to clients. The suite includes the digital core and applications for retail and corporate banking, real-time payments, and digital experience. Built on a microservices architecture with 3000-plus open banking REST APIs, the suite makes it easy for CTBC to “plug in” additional Oracle and third-party services when they need them. It also provides a scalable, cloud-native environment for growth.

CTBC is also leveraging a variety of Oracle corporate banking solutions, including Oracle Banking Enterprise Limits & Collaterals Management and Oracle Banking Liquidity Management. These solutions bring real-time visibility to cash and liquidity management, accelerate lending decisions, streamline operations, and simplify treasury management.

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