Technology Magazine September 2021 | Page 223

scalable environment to deploy new capabilities quickly , bringing continuous innovation to the marketplace . This provides responsiveness and predictable experiences to customers and bankers and helps them leverage AI / ML for workflow automation . As the banking ecosystem evolves , microservices and a component-based architecture will help banks weather the unknown and transition away from monolithic and legacy environments .
Cloud as the essential element of adaptability Cloud will be the default infrastructure option for market-leading banks . Running on Oracle ’ s cloud infrastructure , Oracle Financial Services offers its solutions on a cloud-ready model , with an increasing suite of cloud-native applications . Based on preferred business models , banking customers can choose better methods of deployment . As Oracle sees it , to compete in next-generation services , banks must adapt to a continuous shapeshift . And to achieve lasting success , they ’ ll need the right architecture and technology — Oracle ’ s speciality .
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