Oracle Launches Platform to Enhance Banks' Digital Asset Capabilities
Oracle has taken a significant step forward in the banking and finance sector with its unveiling of the Digital Assets Data Nexus during the Money 20/20 event. This upcoming platform is designed to empower banks and financial institutions by streamlining the issuance and management of blockchain-based digital assets. Through an array of advanced features, the system aims to facilitate easier access to digital asset technologies, ultimately transforming how these institutions approach financial products.
At the core of the Digital Assets Data Nexus is the powerful combination of Oracle Blockchain technology and the Oracle AI Database 26ai. The platform boasts a multi-ledger infrastructure that allows for the creation and governance of digital assets on both permissioned and public blockchains. The pre-built tokenization smart contracts come equipped with top-tier security, ensuring that banks can operate digital assets safely and efficiently.
One of the standout features of this platform is its streamlined workflow automation. Leveraging AI capabilities, the Digital Assets Data Nexus automates business processes, making it easier for companies to integrate these new tools into their existing financial systems. Moreover, the platform's dynamic API and event orchestration capabilities provide seamless integration with the broader financial landscape, enhancing overall operational efficiency.
Wei Hu, Oracle’s Senior Vice President of High Availability Technologies, mentioned, "Major banks and financial institutions worldwide trust Oracle to support some of their most critical operations. By addressing scalability, resiliency, and compliance challenges, we are enabling our clients to adopt digital assets more effectively." This sentiment underscores the importance of security and compliance, especially in a sector as heavily regulated as finance.
The platform’s capabilities include:
1. Digital Assets Compliance and Insights - Utilizing the Oracle AI Database, the system allows financial institutions to better manage risks and streamline regulatory reporting. This feature is essential for adhering to the strict guidelines governing digital asset transactions.
2. Agentic AI Workflows - By incorporating generative AI, the platform allows banks to accelerate the secure creation and lifecycle management of digital assets. A rich library of pre-built integrations and automation capabilities is available for quick deployment.
3. Support for Popular Blockchains - With flexibility at its core, customers can choose between Hyperledger Fabric for confidentiality or Hyperledger Besu, which facilitates interoperability with Ethereum networks.
4. Low-Code Blockchain App Builder - This tool empowers banks to innovate quickly by enabling rapid development of stablecoins and other digital asset applications with little to no coding required.
5. Bi-Directional Data and Transaction Integration - This capability fosters a cohesive data fabric that connects enterprise systems with multiple blockchains, simplifying integration and reducing costs.
6. Fast-Start Architecture - This modular infrastructure allows organizations to implement tailored solutions swiftly, enhancing their capacity for rapid innovation in financial products.
Oracle Digital Assets Data Nexus is poised to be available to clients next calendar year, promising to significantly elevate the operational capabilities of banks in the digital asset space. As financial institutions continue navigating the complexities of digital transformations, Oracle’s latest offering could very well set the standard for how financial transactions and asset management are performed in the future, blending cutting-edge technology with industry requirements effectively.
Understanding that the landscape of finance is constantly shifting, Oracle continues to refine its technologies to meet future challenges and demands. With the successful implementation of this platform, Oracle is not only affirming its status as a leader in fintech but also paving the way for a more integrated and innovative financial environment worldwide. For more information about Oracle and its offerings, visit the official website.
At the core of the Digital Assets Data Nexus is the powerful combination of Oracle Blockchain technology and the Oracle AI Database 26ai. The platform boasts a multi-ledger infrastructure that allows for the creation and governance of digital assets on both permissioned and public blockchains. The pre-built tokenization smart contracts come equipped with top-tier security, ensuring that banks can operate digital assets safely and efficiently.
One of the standout features of this platform is its streamlined workflow automation. Leveraging AI capabilities, the Digital Assets Data Nexus automates business processes, making it easier for companies to integrate these new tools into their existing financial systems. Moreover, the platform's dynamic API and event orchestration capabilities provide seamless integration with the broader financial landscape, enhancing overall operational efficiency.
Wei Hu, Oracle’s Senior Vice President of High Availability Technologies, mentioned, "Major banks and financial institutions worldwide trust Oracle to support some of their most critical operations. By addressing scalability, resiliency, and compliance challenges, we are enabling our clients to adopt digital assets more effectively." This sentiment underscores the importance of security and compliance, especially in a sector as heavily regulated as finance.
The platform’s capabilities include:
1. Digital Assets Compliance and Insights - Utilizing the Oracle AI Database, the system allows financial institutions to better manage risks and streamline regulatory reporting. This feature is essential for adhering to the strict guidelines governing digital asset transactions.
2. Agentic AI Workflows - By incorporating generative AI, the platform allows banks to accelerate the secure creation and lifecycle management of digital assets. A rich library of pre-built integrations and automation capabilities is available for quick deployment.
3. Support for Popular Blockchains - With flexibility at its core, customers can choose between Hyperledger Fabric for confidentiality or Hyperledger Besu, which facilitates interoperability with Ethereum networks.
4. Low-Code Blockchain App Builder - This tool empowers banks to innovate quickly by enabling rapid development of stablecoins and other digital asset applications with little to no coding required.
5. Bi-Directional Data and Transaction Integration - This capability fosters a cohesive data fabric that connects enterprise systems with multiple blockchains, simplifying integration and reducing costs.
6. Fast-Start Architecture - This modular infrastructure allows organizations to implement tailored solutions swiftly, enhancing their capacity for rapid innovation in financial products.
Oracle Digital Assets Data Nexus is poised to be available to clients next calendar year, promising to significantly elevate the operational capabilities of banks in the digital asset space. As financial institutions continue navigating the complexities of digital transformations, Oracle’s latest offering could very well set the standard for how financial transactions and asset management are performed in the future, blending cutting-edge technology with industry requirements effectively.
Understanding that the landscape of finance is constantly shifting, Oracle continues to refine its technologies to meet future challenges and demands. With the successful implementation of this platform, Oracle is not only affirming its status as a leader in fintech but also paving the way for a more integrated and innovative financial environment worldwide. For more information about Oracle and its offerings, visit the official website.
Topics Financial Services & Investing）
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