Oracle FLEXCUBE Universal Banking 12.0 been granted the SWIFTReady Payments Label 2012, which requires demonstrated compliance with SWIFT standards, messaging services, and connectivity; efficient integration with the SWIFT environment; increased traffic automation; and support for Straight Through Processing (STP).
"Providing full service payments capabilities with enhanced rate of Straight Though Processing combined with strong exception management capability is key for banks globally," said Chet Kamat, CEO and managing director, Oracle Financial Services Software.
"The SWIFTReady Payment Label 2012 shows current and prospective customers that Oracle FLEXCUBE Universal Banking supports the latest SWIFT payments standards and can easily integrate with the SWIFT environment.
Oracle FLEXCUBE Universal Banking was designed to provide comprehensive transaction banking capabilities for retail, corporate, and investment banks.
In related news, Oracle announced improvements to FLEXCUBE Mobile Banking, which supports self-service banking via SMS, mobile browser, and mobile applications on smart phones and tablets.