Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder, Bob Evans. The next three minutes are packed with insights and perspectives around the “reimagination machine” that is the Cloud! Today’s Topic: Oracle Puts a Bullseye on Financial Services Industry
00:15 – Bob talks about a recent announcement from Oracle pertaining to financial services. Larry Ellison discussed working closely with banking partners to develop a new generation of financial services. For instance, these partners are part of Oracle’s new Fusion Cloud ERP software.
00:52 – There are new opportunities in Cloud B2B for financing and payment systems. Additionally, Ellison emphasized how this is a new generation of Cloud B2B services.
01:03 – Furthermore, Ellison speculates that Oracle’s recent success of Fusion Cloud ERP going live in some of the largest banks in the world has triggered the new Cloud B2B generation. For example, these banks include HSBC, Bank of New York Mellon, JPMorgan Chase, and Bank of America.
01:35 – This announcement highlights the major cloud vendors. Now, they are becoming not only creators of software, but also co-creation partners with their major customers. This enables software companies to develop more industry-specific products and services that their customers need.
02:10 – Ellison and Oracle’s priorities are evident with co-creation, vertical markets, and industry-specific capabilities. Ellison specifically stated that financial services will be one of the two largest vertical markets that Oracle pursues.