With our comprehensive Oracle banking solution we have increased operational efficiency, ensured regulatory compliance, provided managers with instant reports, and significantly enhanced our service offerings to include anytime, anywhere banking—delighting customers and growing our accounts by 50%.
Enat Bank was established by some of Ethiopia’s leading visionaries and businesswomen with a goal to create a new bank that was open to everyone, with a special focus on women. The bank believes in supporting projects that impact the lives of the local society, and empowers women by supporting them to make customized deposits, access credit, and finance their children’s education. Enat Bank also caters to the needs of large corporations and small businesses, providing all customers with exemplary services. The bank continually researches the best ways to ensure its products reach women on a progressive and incremental basis, and its founders envision the development and expansion of Enat Bank’s model across Africa.
Our evaluation team found Oracle FLEXCUBE Universal Banking to be the best overall core banking solution. We have optimized performance and integration by running it on SPARC servers and using Oracle as a single vendor for all our banking needs.
Enat Bank’s founding in 2013 by prominent Ethiopian businesswomen marked a unique point in African banking history. Its mission is to provide best-quality banking products and services, especially for women, which make up 50% of its customer base and more than 64% of its 10,000 shareholders.
Enat Bank collaborated with Alta Computec and BFSI Consulting to implement its state-of-the-art banking solution from Oracle well within the timeframe and to the complete satisfaction of all stakeholders.
“Alta Computec consultants excelled in their project management, technical skills, delivery, and commitment in supplying, installing, commissioning, and integrating all systems and devices with professionalism and at a considerable speed. BFSI Consulting’s rich implementation knowledge of Oracle FLEXCUBE enabled us to rapidly adopt a wide range of best practices,” Kassaye said.