Oracle FLEXCUBE Universal Banking is a real-time, online, comprehensive approach to core banking requirements around the world, covering retail, corporate and investment banking functions. The applications support multi-currency, multi-lingual and multi-entity operations. Oracle FLEXCUBE Universal Banking enables customers to be more agile by implementing business process-driven operations, reducing product time-to-market, and providing services that are customized with tight controls and risk management.
Financial Institutions can increase their processing efficiency and lower their costs with SWIFT payments support built directly into the application. Oracle FLEXCUBE Universal Banking has been awarded the SWIFTReady Payments label for 2008 due to its ability to process and generate SWIFT Payments, Treasury and Trade Finance messages, and to pass SWIFT messages directly to and from a SWIFT Alliance Access interface without the need for additional third-party components. Incoming SWIFT MT messages are accepted from SWIFT Alliance Access, validated and automatically processed using Oracle FLEXCUBE Universal Banking's flexible STP rules engine. Oracle FLEXCUBE Universal Banking also allows customers to upload SWIFT's BICPlusIBAN directory and use it to validate messages. Financial institutions implementing Oracle FLEXCUBE Universal Banking can do so, assured that it is SWIFT-tested and ready.