NEWS
Italian banking market takes
major leap forward with Cabel
and Oracle
Wirecard
gains Italian
footwear
brand as new
customer for
Alipay
W
C
abel, an IT service provider for the
financial services market in Italy,
and Oracle Financial Services Global
Business Unit, have announced the
availability of Oracle FLEXCUBE for the
Italian market. Oracle FLEXCUBE is a
core banking solution that has been
adopted by more than 600 financial
institutions around the world.
Cabel and Oracle have collaborated since
2016 to localise the Oracle FLEXCUBE
solution to improve the process of
marketing new products and services
to the Italian market, where client
requirements are evolving rapidly. The
Oracle FLEXCUBE solution has recently
been adapted to the regulations
governing the Italian banking market and
is now fully able to support the typical
activity of the Italian banking system.
10
INTELLIGENTCIO
“The attitude of the banking system
towards innovation is changing and at
the same time there is a growing interest
in the world of FinTech. Invest Banca,
thanks to the Oracle FLEXCUBE solution,
has taken a decisive step forward.
We went live with this Open Banking
Platform on May 7 and Oracle FLEXCUBE
now allows us to easily and efficiently
integrate with a series of specialised
solutions already in use by our retail and
institutional clients, but moreover, it
allows us to keep apace with ever more
demanding banking regulations, such as
MiFID, PSD2 and GDPR. It also facilitates
our interaction and experimentation
with the latest technology advances such
as Robo-Advisor, artificial intelligence
(AI), data science, social trading and
blockchain,” said Stefano Sardelli,
Managing Director of Invest Banca.
irecard, an international innovation
leader in the field of digital financial
technology, gains the Italian luxury footwear
brand, Giuseppe Zanotti, as a new customer
for Alipay payments. The cooperation enables
Giuseppe Zanotti to offer China’s favourite
mobile payment method in Spain, France
and the UK. Wirecard provides Giuseppe
Zanotti with the Wirecard ePOS app for
the acceptance of common international
payment methods on mobile devices. The
solution offers retailers a digital payment
ecosystem with global payment options and
value-added services. Chinese customers
will be a driving force in the increase of
luxury spending: By 2025, around 7.6 million
Chinese households will represent a total of
€132 billion in global luxury sales.
Giving Chinese tourists the opportunity to
take advantage of their favourite payment
app is a tremendous sales opportunity
for local merchants in Europe. Retailers
who have introduced Alipay via Wirecard
have increased their turnover with Chinese
customers by more than 350% in one
year in some cases. During ‘Golden Week’,
one of the most important travel times in
China, some retailers were able to double
their turnover with Alipay on a monthly
basis. Marion Laewe, Vice President Sales
Consumer Goods at Wirecard, commented:
“It is obviously beneficial for European
retailers to offer Chinese customers their
trusted payment method because through
this, they are willing to spend higher
amounts abroad.”
www.intelligentcio.com