Tenece and Oracle have identified means through which financial institutions can achieve operational excellence, streamline processes, and unlock new revenue streams, saying there are digitalised solutions that can ensure seamless customer experiences and efficient back-office automation.

The organisation stated this at an exclusive event themed: ‘Modernising Corporate Trade Finance, Payments, Revenue Management, and Billing,’ held in Lagos.

According to a statement, Oracle’s innovative solutions, combined with Tenece’s expertise, could revolutionise the way banks operate in a digital-first world.

The statement reads: “The discussions focused on addressing critical challenges and unveiling forward-looking strategies to help financial institutions achieve operational excellence, streamline processes, and unlock new revenue streams. Attendees gained valuable insights into how Oracle’s innovative solutions, combined with Tenece’s expertise, can revolutionise the way banks operate in a digital-first world.

“Experts introduced front-to-back digitalized solutions powered by OpenAPI technologies, machine learning, and generative AI, ensuring seamless customer experiences and efficient back-office automation.

“Attendees discovered Oracle’s ISO20022 Payments Engine, designed to enhance revenue growth through enriched data transfer, virtual accounts, and liquidity management—all tailored for core banking independence.

“Advanced tools for managing complex corporate pricing across multiple markets were presented, with proven success in reducing revenue leakage, enhancing tailored pricing, and delivering detailed income analytics.

“The event featured a stellar lineup of speakers, including Kingsley Eze, CEO of Tenece Group, and Upender Singh, Head of Sales – Africa at Oracle Financial Services Global Industry Unit. Other thought leaders from Oracle such as Phil Boyall, Raph Bou Jaoude, and Sudhir Nikharge shared actionable insights and best practices, empowering organisations to redefine their corporate banking strategies.

Notably, Mr. Daniel Umoru, Banking Sales Director for Oracle West Africa, vigorously organized and ensured the event’s success, collaborating seamlessly with Erhagbai Uduokhai, Executive Director, Tenece Business Services & Operations, and the Tenece Marketing & Communications team.

“Participants left with a clear understanding of the business benefits of these innovative solutions, including improved efficiency, enhanced agility, and robust revenue growth. The event underscored Tenece and Oracle’s commitment to helping financial institutions navigate the complexities of modern banking with cutting-edge technology.

“Organisations looking to unlock unparalleled efficiency, enhance revenue streams, and stay ahead in a competitive landscape can explore these transformative solutions by reaching out to Tenece.

“This event reaffirmed Tenece and Oracle’s leadership in empowering Nigerian financial institutions to embrace the future of corporate banking, ensuring they remain competitive in a rapidly evolving industry.”