The company has signed new deals with both a startup and an established banking institution.
Oracle FS has landed new-name deals for its Flexcube core banking system in Portugal and Nigeria., according to reporting in FinTech Futures.
Flexcube “solves the challenges faced by financial institutions,” according to Oracle. The solution meets the need to “build customer intimacy” and competitive advantage through cost-effective solutions, they claim. And it does this while adhering to the stringent demands of “a dynamic regulatory environment.”
The company says that “Oracle Financial Services comprises the world’s most comprehensive and contemporary banking applications and a technology footprint that addresses complex IT and business requirements.”
Landing two new core banking clients
In Portugal, Caixa Economica da Misericordia de Angra do Heroismo (Caixa Economica Bancaria CEMAH), has signed for a range of solutions from Oracle FS.. This new Oracle client is a banking institution with a 125-year history of serving retail, SME and corporate clients,
The solutions that the Portuguese bank has chosen include Flexcube Universal Banking, Oracle Banking Digital Experience, Oracle Banking Originations, and Oracle Banking Branch.
They also include Oracle Banking Corporate Lending, Oracle Banking Enterprise Limits and Collateral Management, Oracle Banking Payments, Oracle Banking Treasury Management and Oracle Banking Extensibility Workbench. In Nigeria, the deal is with a start-up bank, FinTech Futures understands, called Signature Bank.
In its latest financial results, the vendor refers to an unnamed Nigerian bank that has opted for Flexcube Universal Banking, Oracle Banking Branch, Oracle Banking Originations, Oracle Banking Payments, Oracle Banking Extensibility Workbench and Oracle Financial Services Analytical Applications. This is understood to be Signature Bank.
Also read: Oracle opens data centres in Stockholm and Milan.
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