Oracle Press Release

Advanced Bank of Asia, Cambodia Goes Live on Oracle® FLEXCUBE Universal Banking

Solution to Help Bank More Effectively Respond to Customers and Improve Operational Efficiencies

Mumbai, India – February 24, 2009

News Facts

Oracle Financial Services Software Ltd. today announced that Advanced Bank of Asia (ABA), Cambodia has gone live on Oracle® FLEXCUBE Universal Banking.

Oracle FLEXCUBE is providing the bank with a next-generation transaction-processing platform, enabling faster responses to customer needs and improving operational and cost efficiencies.

Completed in six months, the project at ABA is the first Oracle FLEXCUBE implementation in Cambodia.

ABA has implemented Oracle FLEXCUBE across its corporate and retail banking operations.

ABA selected Oracle FLEXCUBE Universal Banking for its ability to seamlessly adapt to local requirements.

Oracle FLEXCUBE is providing ABA with a flexible, scalable banking platform, enabling it to offer new products and services, served across multiple channels including ATM and Internet, in the shortest possible timeframe.

Supporting Quotes

“The Cambodian banking industry is going through a transformation, and we are happy to note that our decision to implement Oracle FLEXCUBE and its successful, on-time implementation has given us a real competitive advantage. With the successful implementation of Oracle FLEXCUBE, we will now be able to bring new products to the market and rapidly scale to address the growing demand for banking services in Cambodia,” said Elona Romanova, an official for Advanced Bank of Asia.

Supporting Resources

Oracle FLEXCUBE Universal Banking

Oracle in Financial Services

About Oracle Financial Services Software Limited

Oracle Financial Services Software Limited (referred to as "Oracle Financial Services Software") (Reuters: ORCL.BO & ORCL.NS) is a majority owned subsidiary of Oracle. Oracle Corporation [NASDAQ: ORCL] is the world's largest business software company. For more information, visit www.oracle.com/financialservices.

Trademarks

Oracle is a registered trademark of Oracle Corporation and/or its affiliates. FLEXCUBE, Daybreak, Mantas and Reveleus, are trademarks of Oracle Financial Services Software and are registered in several countries. Other names may be trademarks of their respective owners.

Contact Info

Eapen Thomas
Oracle Financial Services Software
+91.22.6718.5132
eapen.thomas@oracle.com

Anusuya Mitra
Adfactors PR
+91.22.2287.1361
Anusuya.mitra@adfactorspr.com