Oracle BI Applications vs SWIFTnet FIN comparison

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Executive Summary

We performed a comparison between Oracle BI Applications and SWIFTnet FIN based on real PeerSpot user reviews.

Find out what your peers are saying about SAP, MuleSoft, IBM and others in Business-to-Business Middleware.
To learn more, read our detailed Business-to-Business Middleware Report (Updated: March 2024).
765,234 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The most valuable features are the reporting and the graphics.""Calculations are a little bit faster. It can do the on-the-run calculations much better than other reporting platforms. You don't need any other specific tool. You can use Microsoft Office to start doing things with these reports.""It has a very robust dashboard and ad-hoc reporting.""It's web-based so that I can have multiple users accessing the same data. It provides ease of use and its formatting means we can use the data, export it to Excel, and we manipulate the data afterward if we need to."

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"It provides the ability to interact with financial institutions and apply the same rules."

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Cons
"The initial setup was complex and it took a lot of time to set up the infrastructure.""The initial setup was difficult because not all the information was included in the implementation model.""It is very cumbersome and slow for making any changes. It doesn't have that many visuals to show different graphs and charts. It should have more visuals. It also doesn't support HTML5, which is useful for interactive sessions and reporting with dashboard etc. We are phasing it out because we need a newer platform that provides us more flexibility and more designs. Our use case is just to get the utility type of monthly reports, and we need visuals, customizations, columns, and certain sections on the report to show performance and other things. They are not updating their BI Publisher product, which was known as XML Publisher before Oracle bought it. It could be because they don't have that many clients using it. We are using it because we have this solution for years."

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"I would like for them to work in real-time."

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Pricing and Cost Advice
  • "As with any case study that we’ve ever done, it’s not so much a problem with the application or security or anything of that nature. It’s basically the cost infrastructure. Compared to other solutions, it’s one of the more costly solutions out there. It’s the biggest concern nowadays that upper management has."
  • "It is expensive. It is more than 100K for support. You pay for support on top of the standard licensing, which is on a yearly basis."
  • More Oracle BI Applications Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:The most valuable features are the reporting and the graphics.
    Top Answer:One area for improvement would be integration. We've had problems with bottlenecks when creating the data warehouse because we didn't have all the information available. Integration also isn't as easy… more »
    Top Answer:For anyone thinking of implementing Oracle BI, be aware that you have to work with users in terms of the data, so they have to be able to work on the dashboards and with their own information. I'd… more »
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    Overview

    Oracle Business Intelligence (BI) Applications are complete, prebuilt BI solutions that deliver intuitive, role-based intelligence throughout an organization. These solutions enable organizations to gain more insight and greater value from a range of data sources, including Oracle Fusion Cloud and On-Premise Applications, E-Business Suite, PeopleSoft, JD Edwards, Siebel, and third party systems. Oracle BI Applications are built on the Oracle BI Foundation, a comprehensive and market leading BI platform. This enables organizations to realize the value of a packaged BI application, such as rapid deployment, lower TCO, and built-in best practices, all on one common BI Foundation. 

    FIN enables financial institutions to exchange individual structured (MT and ISO 15022 message formats) financial messages securely and reliably. FIN is used by over 10,800 financial institutions and their corporate customers worldwide to exchange over 22.3+ million messages per day across a wide range of business areas within the banking and securities industries.

    FIN value-added processing includes:

    • Message validation to ensure messages are formatted according to SWIFT message standards.
    • Delivery monitoring and prioritization.
    • Message storage and retrieval.

    It is based on a distributed processing architecture with full, built-in redundancy to ensure maximum availability.

    Sample Customers
    Cox Enterprises, Lochbridge
    Alcatel-Lucent, Bank of Tokyo-Mitsubishi UFJ, Canadian National Railway, General Electric Company, Huawei, Novartis International, Standard Bank, UniCredit, Volvo
    Top Industries
    VISITORS READING REVIEWS
    Computer Software Company24%
    Financial Services Firm18%
    Government14%
    Real Estate/Law Firm10%
    VISITORS READING REVIEWS
    Financial Services Firm59%
    Computer Software Company8%
    Comms Service Provider4%
    Retailer4%
    Company Size
    REVIEWERS
    Small Business13%
    Midsize Enterprise13%
    Large Enterprise75%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise10%
    Large Enterprise73%
    VISITORS READING REVIEWS
    Small Business10%
    Midsize Enterprise7%
    Large Enterprise83%
    Buyer's Guide
    Business-to-Business Middleware
    March 2024
    Find out what your peers are saying about SAP, MuleSoft, IBM and others in Business-to-Business Middleware. Updated: March 2024.
    765,234 professionals have used our research since 2012.

    Oracle BI Applications is ranked 14th in Business-to-Business Middleware with 6 reviews while SWIFTnet FIN is ranked 6th in Business-to-Business Middleware. Oracle BI Applications is rated 7.2, while SWIFTnet FIN is rated 9.0. The top reviewer of Oracle BI Applications writes "Fast calculations, stable, and good support, but needs more visuals, support for HTML5, and BI Publisher updates". On the other hand, the top reviewer of SWIFTnet FIN writes "Has strong stability and professional support". Oracle BI Applications is most compared with , whereas SWIFTnet FIN is most compared with SWIFT InterAct.

    See our list of best Business-to-Business Middleware vendors.

    We monitor all Business-to-Business Middleware reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.