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PNC Bank Announces Integration with Oracle Fusion Cloud ERP for Embedded Banking

1. PNC integrates its banking platform with Oracle Cloud ERP. 2. Clients gain seamless access to banking services within Oracle ERP. 3. Integration reduces manual processes, enhancing financial efficiency. 4. Over 10,000 organizations use Oracle Cloud ERP for business operations. 5. Oracle's solutions incorporate AI innovations for optimized finance processes.

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Why Bullish?

The integration of banking services may improve Oracle’s market competitiveness, as they enhance productivity and reduce customer friction, potentially leading to increased sales. Similar past integrations for tech companies often resulted in positive price movements due to improved service efficiencies.

How important is it?

This integration enhances Oracle's appeal as a complete ERP solution provider, making it more attractive to potential clients. Moreover, improving operational efficiencies can translate into tangible financial benefits that positively affect stock performance.

Why Short Term?

The immediate effect of improved operational efficiencies can be seen shortly after the integration, influencing client satisfaction and potentially leading to increased sales momentum in the next few quarters. However, long-term impacts depend on client adoption rates and market competition.

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PNC
Connection Enables PNC PINACLE Connect® Clients to Seamlessly Access Treasury Services Within Market-leading Cloud ERP , /PRNewswire/ -- PNC Bank today announced the integration of its award-winning embedded banking platform, PINACLE Connect®, with Oracle Fusion Cloud Enterprise Resource Planning (ERP). PNC corporate and commercial banking clients now have seamless connectivity to key banking services directly within Oracle Cloud ERP, helping streamline financial operations and enhance overall efficiency. The new embedded banking experience, which uses the Oracle B2B offering to provide turnkey connectivity, helps optimize business processes by reducing the need for clients to navigate between multiple platforms to retrieve balance and transaction information, initiate and approve payments and reconcile accounts —automating manual processes and helping save valuable time. "We are committed to delivering innovative, secure and efficient solutions within PNC's Treasury Management platform that integrate seamlessly into our clients' workflows," said Howard Forman, executive vice president and head of PNC's Commercial Digital Channels. "By embedding our services within Oracle Cloud ERP, our clients can more effectively manage their cash position and spend more time running their businesses, while spending less time establishing bank connectivity and handling manual financial tasks." This announcement builds upon PNC's strong record of integrating its banking services with leading ERP and treasury management systems, reducing the need for clients to use multiple systems and creating a more direct and comprehensive view of a company's financial information. "Manual navigation between banking platforms and financial management systems can add friction, complexity, and human error, reducing the efficiency of financial processes," said Catherine You, group vice president, Oracle. "With PNC's banking services embedded in Oracle Cloud ERP, joint customers can increase the speed and accuracy of transactions to further increase productivity, reduce costs, and improve controls." Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities, including financials, an accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, and supply chain and manufacturing. More than 10,000 organizations  turn to Oracle Cloud ERP to run their businesses and can embrace innovations in predictive, generative, and agentic AI to help optimize finance processes across accounting, procurement, and treasury teams. PNC Treasury Management offers a platform of innovative, end-to-end technologies and experienced teams that help clients architect and implement a cohesive cash management system for their business. For more information about PNC Treasury Management and PINACLE Connect®, visit https://www.pnc.com/treasury. PNC Bank Announces Integration with Oracle Fusion Cloud ERP for Embedded Banking – Page 2 About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com. About PNC BankPNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com. CONTACT:  RJ Tamburri(412) 762-9614[email protected] SOURCE PNC Bank WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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