Financial Services and Insurance Edition
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Top European Bank Selects Oracle for Core-System Modernization

Banca Transilvania, one of Romania's top 3 banks, is improving market share and boosting its competitiveness in hotly contested markets by modernizing its core banking system with Oracle hardware and software.

At the center of the modernization effort is Oracle FLEXCUBE Universal Banking, a comprehensive solution for retail, corporate, and investment banking. It is helping Banca Transilvania support its business expansion while maintaining profitability and handling double-digit annual growth rates. Banca Transilvania serves 1.5 million active customers through more than 550 branches and agencies across Romania and Cyprus. To meet its current and future growth rates, the bank sought an integrated, efficient, cost-effective, and modern international banking system to support its expansion and address challenges such as risk, compliance, and customer-service demands.

Oracle FLEXCUBE Universal Banking supports Banca Transilvania’s four main business lines: retail banking, small and midsize business banking, corporate banking, and a healthcare division.

“Oracle FLEXCUBE [represents] an investment in cutting-edge technology, enabling us to continue to take advantage of our current growth while also expanding through our ability to launch new products and services to our customers quickly,” says Leontin Toderici, Banca Transilvania COO. “Banca Transilvania was looking for an integrated solution for core banking that was based on new technologies, and that would be capable of sustaining our development for years to come. Oracle FLEXCUBE fit the bill.”

Oracle FLEXCUBE Universal Banking is enabling Banca Transilvania to launch new products and services more quickly to satisfy the demands of customers. The core banking solution also provides a centralized view of customer interactions that helps the bank improve service and identify new business opportunities.

In addition to Oracle FLEXCUBE Universal Banking, the bank’s modernization effort also included Oracle Exadata Database Machine X2-2.

Listen to Banca Transilvania executives describe the modernization effort.

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