Komercijalna Banka AD Skopje Taps Oracle to Further Modernize Payments

Komercijalna Banka AD Skopje, a leading financial institution in Macedonia has selected Oracle to further help modernize its payments platform and deliver enhanced digital services to its customers. With Oracle Banking Payments, the bank aims to streamline its operations, improve transaction-processing capabilities, and elevate the experience it can provide to customers.

"By adopting Oracle's Banking Payments platform, we are taking an important step towards further modernizing our operations and delivering unparalleled value to our customers," said Nikola Dzambazovski, Ph.D., Chief Sales and Development Officer and Member of the Board of Directors, Komercijalna Banka AD Skopje. "In line with our vision to strengthen our leadership in digital banking innovation, the collaboration with Oracle will enhance our payment services by leveraging their advanced platform to provide faster transactions, reinforcing our focus on excellence and customer satisfaction."

Supporting more secure, cross-border payment transactions

Oracle Banking Payments is a unified platform that supports both local and cross-border transactions across multiple payment types, serving the needs of retail and corporate segments. Its advanced AI-powered analytics help banks, like Komercijalna Banka make strategic decisions and deliver future-ready services through seamless, secure, and efficient payment processing.

By advancing its payments processes with Oracle Banking Payments, Komercijalna Banka can support more secure transactions, optimized costs, and improved regulatory alignment with international standards such as the Society for Worldwide Interbank Financial Telecommunications (SWIFT) and Single Euro Payments Areas (SEPA). The ISO 20022-compliant platform also will provide Komercijalna Banka a unified data structure for real-time payment messaging, reducing technology costs, and enhancing cross-border payment capabilities. Komercijalna Banka AD will work with Albania's Facilization to implement Oracle Banking Payments.

"Komercijalna Banka AD Skopje is a trusted leader in North Macedonia's financial sector," said Venky Srinivasan, senior vice president, Global Banking and Insurance Sales, Oracle Financial Services. "With our advanced banking platform, the bank can accelerate secure, cross-border and domestic payments and continuously improve in response to market developments to help transform the region's payments landscape and fuel long-term growth and innovation."

For more information visit: https://www.oracle.com/a/ocom/docs/industries/financial-services/fs-banking-payments-ds.pdf