Oracle Press Release

Jibun Bank Wins Prestigious Award for Best Core Banking Implementation

The Asian Banker Recognizes Japan’s First Mobile Bank for its Successful Implementation of Oracle® FLEXCUBE Core Banking

Tokyo – May 12, 2009

News Facts

Jibun Bank Corporation, a joint venture between leading Japanese information and communications company KDDI and Bank of Tokyo–Mitsubishi UFJ, and Oracle Financial Services Software has won The Asian Banker IT Implementation Awards for “Best Core Banking Project.”
Jibun Bank was also given a Honourable Mention for “Most Innovative Entry,” recognizing the innovation achieved through this implementation.
The Asian Banker IT Implementation Awards are among the financial services industry’s most prestigious awards, recognizing best practices that emerge from banks’ strategic use of technology. Now in its third year, the awards were presented this month at The Asian Banker Summit 2009 in Beijing, China.
In winning this year’s award, Jibun Bank and Oracle Financial Services Software were cited for the project’s innovation in enabling a complete bank on a mobile phone. Jibun Bank offers the entire lifecycle of services on a mobile phone including account opening, deposits, payments and card loans while also providing multi-channel access through the Internet, ATMs and e-commerce.
Jibun Bank’s implementation of Oracle® FLEXCUBE Core Banking was recognized in the Asian Banker IT implementation Awards for the following notable features:
Innovation – the project is enabling the bank to more effectively react to changing customer preferences while offering customers a unique experience by making banking truly accessible anywhere and anytime
Adaptation – the implementation successfully took complex banking processes and adapted them for the mobile phone screen with a high level of automation
Collaboration – Jibun Bank was able to create a highly scalable, secure collaboration environment for the benefit of customers and partners

Jibun Bank Pioneers a Successful New Business Model

Since its launch in June 2008, Jibun Bank’s popularity has grown rapidly and the bank has already acquired more than 500,000 customers.
Jibun, which means “personal” in Japanese, is the first bank in the world to use the mobile phone as a primary access channel. Its customers use mobile phones to open new accounts and utilize the bank’s services.
Jibun Bank’s comprehensive range of services, enabled by Oracle FLEXCUBE Core Banking, include Japanese currency deposits, cashless payments, loans as well as credit card and fund transfers.

Supporting Quotes

“Jibun Bank and Oracle Financial Services Software demonstrated a remarkable degree of collaboration to implement the core banking project where both teams had to truly think out of the box to produce an innovative, highly customized solution that was nonetheless rolled out fairly rapidly,” said Ms. Elena Torrijos, Managing Editor and Project leader for The Asian Banker. “With the implementation of this technology, Jibun Bank managed to acquire 500,000 accounts in just eight months.”
"We are honored that the panel of judges for this year’s Asian Banker IT Implementation Awards have selected Jibun Bank and Oracle Financial Services Software in the Best Core Banking Project category,” said Takeo Tohara, President and CEO, Jibun Bank. “Technology is a key enabler of our business model. By taking a collaborative and best-of-breed approach, we have been able to implement a secure and scalable mobile banking platform that enables us to deliver a differentiated, more personal banking experience to our customers.”

Supporting Resources

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

Mamoru Kobayashi
Oracle Japan
+81368344836
mamoru.kobayashi@oracle.com

Kevin Ruane
Oracle
+1.650.506.6610
kevin.ruane@oracle.com