Financial Institutions Select Oracle FLEXCUBE Solutions and Oracle Financial Services Analytical Applications to Optimize Operational Efficiency and Profitability, Elevate Customer Service and Reduce Risk
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.
Ping An Bank in China implemented Oracle FLEXCUBE. 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.
“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 www.oracle.com.
About Oracle in Industries
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 Financial Services and Insurance Forum
Oracle will demonstrate its leadership and vision for the financial services and insurance industries at the 3rd Annual Oracle Financial Services & Insurance Forum, 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.
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