Kyriba Payments Network for Oracle Cloud

Simplify Oracle Payments

Kyriba Payments Network accelerates Oracle payments and bank connectivity projects, eliminating project risk and drastically reducing connectivity costs. Supporting 1,000+ Oracle customers, Kyriba centralizes payment activity, fully manages bank connectivity and delivers superior fraud detection and visibility to de-risk Oracle payment projects.

CIOs increasingly report that new fraud prevention safeguards, generating XML ISO20022 payment format variations, building to new bank APIs and updated SWIFT gpi standards are causing significant project delays and cost overruns. Kyriba can help.

Pre-built Bank Connectivity
Kyriba supports more than 40,000 bank payment scenarios for more than 1,000 banks. Connectivity options include SWIFTNet through Alliance Lite2 and Kyriba’s SWIFT Service Bureau, APIs, FTP, EBICS, BACS, Editran, CBI, Zengin and other regional protocols. With the widest range of pre-built connectivity, Kyriba will connect Oracle to any bank, for any format, in any country, and manage future connectivity and format changes while monitoring connectivity performance 24/7.

Protect Against Payments Fraud
88 percent of CFOs and treasury teams report internal and external attacks on their payment workflows. Kyriba Payments Network digitizes payment workflows, standardizing payment controls to comply with internal payment policies, approval procedures and limits so that only authorized payments are executed. Real-time fraud detection screens payments against government sanction lists, corporate payment policies and historical data patterns to automatically quarantine suspicious and non-compliant payments for threat assessment.

Digital Payments Transformation
Standardizing digital payments transformation broadens visibility and straight-through payment processing. With a user-driven interface and workflow for payments initiated outside of Oracle, along with smart payment building features, Kyriba’s Payment Hub extends security and controls for manual payments. Digital audit trails and system documented controls ensure all payment workflows are standardized with centralized visibility and control.

Benefits of Oracle Payments Digital Transformation

Reduce Costs and Time to Market

• Pre-built format library supports 800 bank format variations and 40,000 bank testing scenarios globally for 1,000 global banks, with the ability to reach up to 11,000 institutions via SWIFT
• Integrated global bank connectivity delivers out-of-the-box connectivity, including APIs and SWIFTNet Fraud Detection and Compliance

Benefits of Oracle Payments Digital Transformation

• Real-time fraud detection automatically quarantines suspicious payments and anomalies for further review and digital approval
• Sanction list screening is fully integrated to flag problem payments, reducing false positives
• Payment controls ensure that all payments activity, including manual payments, are governed by digitally-enforced payment policies and standardized controls

Innovation and Intelligence

• Payment tracking gives full visibility including SWIFT gpi compliance
• CFOs can easily add/change banks to reduce bank fees, simplify cross-border payments, and innovate with real-time payments
• Ensure new payment services, formats and standards are fully managed by Kyriba with no internal IT support or programming required
• Business intelligence provides finance with real-time data visualization and payment analytics to optimize payment decisions
• Mobile dashboard allows for access and approvals by remote users