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Strands presented at Oracle Digital Innovation Days in Barcelona last week. Our very own Carlos Gomez, Business Development Manager EMEA, explained the key benefits of Strands’ SaaS solution in partnership with Oracle which was officially launched earlier in the year at Oracle OpenWorld 2019.
Strands and Oracle have partnered to offer banks cutting-edge services as they begin to embrace digital transformation and look for enterprise cloud-based banking platforms. Oracle’s Generation 2 Cloud infrastructure will serve to power and implement the enterprise-grade Strands Finance Suite as-a-Service that utilizes innovative Machine Learning solutions capable of analyzing large volumes of transactional datasets, predict events, and offer solutions.
During the presentation, Carlos discussed how exactly Strands will continue to deliver their personalized AI banking services to banks by using the Oracle Autonomous Cloud. In particular, Strands will implement Oracle Container Engine for Kubernetes, Oracle Cloud Infrastructure Registry to run components of their financial products, and Oracle Event Hub and Oracle Cloud Infrastructure streaming to make all the data streams available to the rest of the modules.
Many of the benefits this new partnership and cloud technology would provide banks include better overall performance, elevated security, reducing human error, superior price to performance ratio, among other things. This will ultimately enable banks and financial institutions to achieve considerable gains and improve efficiencies going forward.