| Financial Institutions Select Oracle FLEXCUBE Solutions and Oracle Financial Services |
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01/02/2012 03:28 (112 Day 22:55 minutes ago) | |||||
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The FINANCIAL -- A growing number of financial services organizations worldwide are selecting Oracle Financial Services solutions, including Oracle FLEXCUBE and Oracle Financial Services Analytical Applications, to help them innovate and achieve competitive differentiation, ensure regulatory compliance and deliver more personalized service and greater value to customers, according to Oracle.
Nouvobanq has selected Oracle FLEXCUBE Universal Banking Solution and Oracle FLEXCUBE Direct Banking Solution to support the bank’s growing retail and corporate banking operations. The bank’s previous solution, used for the last 22 years, caused bottlenecks due to technology limitations that could not meet modern banking demands. The implementation of Oracle FLEXCUBE will help create new efficiencies visible throughout the bank’s business.
Leading pan-African bank, Ecobank Transnational Inc., has implemented Oracle FLEXCUBE Universal Banking and Oracle FLEXCUBE Direct Banking solutions, as well as Oracle’s Financial Services Risk Analytics, to standardize its processing platform across its affiliates in 30 sub-Saharan African countries.
Enabling Ecobank to service more than 7 million customers via more than 1,100 bank branches, this represents Oracle FLEXCUBE’s largest multi-country implementation in Africa to date.
Banque Pour Le Commerce Exierieur Lao Public is preparing to implement Oracle FLEXCUBE Universal Banking on Oracle Exadata Database Machine to modernize its core banking system. BCEL’s core banking modernization project is a critical milestone in increasing the bank’s efficiencies around risk and growth management, while improving overall profitability of the business in a highly converging industry.
Ping An Bank in China implemented Oracle FLEXCUBE. The system supports the bank’s rapid growth in business and customer base and meets and improves customer service, operations and risk management.
The implementation was completed in a record timeframe of 18 months.
Australia’s Suncorp is preparing to implement Oracle FLEXCUBE Next Generation Platform to overhaul its core banking infrastructure, with the overall goal of simplifying the banking system. The bank also recently upgraded its customer relationship management environment with Oracle technology.
Silicon Valley Bank, the first successful deployment of Oracle FLEXCUBE in the United States, is in the midst of its Oracle FLEXCUBE rollout with the solution currently supporting multicurrency deposit accounts and customer data.
The solution will also support the bank’s trade finance and asset-based lending as well as processing for all products. Oracle FLEXCUBE has helped the bank improve client reports and achieve straight-through processing for multicurrency accounts.
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