Saxo Payments Teams With Oracle to Simplify and Reduce the Cost of Global Payments for FinTechs and Their Merchant's Customers - Seite 2

"Having Oracle experts managing the Saxo Payments' cloud-based IT infrastructure enables us to focus business resources on innovation while operating at peak efficiency, with IT systems that are readily available, secure and up-to-date. Saxo Payments has benefited from Oracle's rapid deployment model for Oracle FLEXCUBE on its managed cloud," said Anders la Cour, Chief Executive Officer, Saxo Payments.

Saxo Payments was established in 2013 as a subsidiary of Saxo Bank. The business is capitalising on the latest advances in digital communications, combined with the banking know-how of Saxo Bank, to revolutionise the traditional methods and costs of international payments and money transfers.

"Saxo Payments deployment of Oracle FLEXCUBE on Oracle Managed Cloud Services is a great example of how financial services organizations are using our versatile products and services to drive extreme innovation. Saxo has the potential to truly disrupt the global payments industry with its Payments Banking Marketplace, which takes aim at the cost, complexity, and latency traditionally associated with cross border payments," said Chet Kamat, Senior Vice President of Financial Services, Oracle.

Oracle Managed Cloud Services are delivered from world-class data centers and include key security, compliance, and risk management functionality as well as industry-specific certifications (e.g. PCI DSS, SOC 1, FedRamp and NIST standards).Oracle applies best practice security standards and controls that are based on ISO 27000, and continuously tests and monitors the integrity of these controls. A security package, tailored specifically for the financial services industry, offers multi-layered-in-depth risk management and security services encompassing physical, network, data, platform and application layers to provide the highest levels of security and risk management options to financial institutions.

Additional Information
More infomation on Oracle FLEXCUBE or Oracle Managed Cloud Services

About Saxo Payments
In 2013 Saxo Bank formed a new entity, Saxo Payments A/S, with the purpose of using Saxo Bank's core capabilities within the non-cash payments market. Saxo Payments A/S is a specialist in forex and payments.

About Oracle
Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE: ORCL), visit oracle.com.

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Valerie Beaudett
Oracle
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Oracle Press Office
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Saxo Payments Press Office:
Wendy Harrison/Jenny Thorneywork
HSL
0208 977 9132
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