Strands will now offer its product suite on Oracle’s Banking-as-a-Service platform, allowing financial institutions of all sizes to leverage the Open Banking framework
FinTech software provider Strands has launched its retail and small-business digital banking solutions on the Oracle Cloud Marketplace, a move aimed to make its AI-driven money-management solutions seamlessly available to financial institutions worldwide.
By joining the Oracle Cloud Marketplace, the Barcelona-based FinTech company will now offer its product suite on Oracle’s Banking-as-a-Service platform. In a few clicks, Oracle’s customers will be able to deploy Strands’ AI-powered tools leveraging Oracle’s Banking APIs securely and in record time. This cloud-based business model will allow financial institutions of all sizes to benefit from the high performance of Oracle’s Autonomous Database while capitalizing on the many opportunities that the Open Banking regulation has created.
“Strands Finance Suite’s integration with Oracle’s Open Banking APIs does not only allow our future customers to leverage the open banking capabilities but it also opens the door to integrate with Oracle’s vast portfolio of corporate and retail banking solutions, such as OBDX and Netsuite. As we look to the future, we want to extend our reach and services from Tier 1 and 2 Financial Institutions all the way to smaller financial institutions that require hosted solutions,” says Cesar J. Richardson, Head of Partnerships at Strands.
Following the integration, Strands reinforces its position as a global leader in FinTech and puts itself in a unique position to keep delivering secure, personalized AI-driven banking solutions to financial institutions worldwide. For example, through its Engager insights engine, Strands is able to predict future financial events, keeping banking customers informed of their financial situation and empowering banks to help them at every stage of their customer journey.
The Oracle Cloud Infrastructure Marketplace is the largest business-to-business (B2B) audience data marketplace. It provides a platform for Oracle Partners to promote and sell their solutions to Oracle customers, helping B2B marketers improve their targeting throughout the marketing funnel.