Home » Picture Gallery, Software » Financial Institutions Select Oracle FLEXCUBE Solutions and Oracle Financial Services Analytical Applications to Optimize Operational Efficiency and Profitability, Elevate Customer Service and Reduce Risk

Financial Institutions Select Oracle FLEXCUBE Solutions and Oracle Financial Services Analytical Applications to Optimize Operational Efficiency and Profitability, Elevate Customer Service and Reduce Risk




REDWOOD SHORES, CA — (Marketwire) — 01/31/12 — Oracle (NASDAQ: ORCL)

A growing number of financial services organizations worldwide are selecting solutions, including and , to help them innovate and achieve competitive differentiation, ensure regulatory compliance and deliver more personalized service and greater value to customers.

. 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.

, 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 (BCEL) 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.

. 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.

. The bank also recently upgraded its customer relationship management (CRM) environment with Oracle technology.

. 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.

“Financial services organizations around the globe face a common set of business challenges as they seek new ways to better serve customers, differentiate themselves in the market, expand business intelligence and reduce overall organizational risk,” said Frank Brienzi, senior vice president and general manger, Oracle Financial Services. “Oracle is dedicated to helping banks meet these challenges head on through industry leading hardware and financial services-specific applications that enable organizations to achieve new levels of efficiency, insight and performance.”

Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ: ORCL), visit .

Oracle industry solutions leverage the company-s best-in-class portfolio of products to address complex business processes relevant to financial services, helping speed time to market, reduce costs, and gain a competitive edge.

Oracle will demonstrate its leadership and vision for the financial services and insurance industries at the , on February 7, 2012 in New York City. Attendees can hear Mark Hurd, Oracle President, speak on Oracle-s strategy for both industries, as well as participate in breakout sessions on high-level industry topics.

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Caroline Vespi
Oracle
+1.650.506.8920

Mary Tobin
O-Keeffe & Company
+1.503.658.7396





Posted by on 31. January 2012. Filed under Picture Gallery, Software. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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