Oracle Press Release

Jibun Bank and United Bank Limited Pakistan Win Prestigious Banking Awards

Awards Showcase Industry Leading Technology Initiatives Using Oracle FLEXCUBE and Oracle Mantas Solutions

Redwood Shores, CA – May 26, 2010

News Facts

Oracle Financial Services Software Limited customers, Jibun Bank and United Bank Limited Pakistan, were honored with 2010 Model Bank Awards from industry analyst firm Celent.
The vision for Celent’s Model Bank research was to try to answer an apparently simple question: “What would it look like for a bank to do everything right with today’s technology?”
In winning these awards, Jibun Bank and United Bank Limited Pakistan were among 18 financial institutions from across the globe recognized as industry leaders for banking technology initiatives.
Jibun Bank, a partnership between Bank of Tokyo-Mitsubishi UFJ and KDDI, won in the Mobile Banking category for its innovative mobile banking service using Oracle FLEXCUBE.
United Bank Limited Pakistan, one of the largest commercial banks in Pakistan, was recognized for its anti-money laundering implementation of Oracle Mantas.
The awards were presented at Celent Innovation and Insight Day in New York City.
Hirotaka Toeda, General Manager, Jibun Bank, and Kumail Dehradunwala, CIO, United Bank Limited Pakistan, were on hand to receive the awards.
Case studies for Jibun Bank and United Bank Limited Pakistan are featured in Celent's 2010 Model Bank Report, available at http://www.celent.com.

Supporting Quotes

"Celent is pleased to present Jibun Bank and United Bank Limited Pakistan with these awards," said Jacob Jegher, senior analyst in Celent's banking group, and author of the report. "Among many excellent nominations this year, Jibun Bank and United Bank Limited Pakistan exemplified best practices of technology in the financial sector."
“We would like to congratulate Jibun Bank and United Back Limited Pakistan for their Model Bank awards. The customers offer innovative examples of how technological initiatives can help drive customer innovation, efficiency and growth. We are proud that Oracle Financial Services solutions helped Jibun Bank and United Bank Limited Pakistan achieve their goals,” said Frank Brienzi, Senior Vice President and General Manager, Financial Services Global Business Unit at Oracle.

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. For more information, visit www.oracle.com/financialservices.

About Oracle

Oracle is the world's most complete, open, and integrated business software and hardware systems company.  For more information about Oracle, please visit our Web site at http://www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle 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 

Kimberly Pineda

Oracle

+1.650.506.8831

Kimberly.pineda@oracle.com