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Thanks to Oracle’s technologies, our bank prides itself in providing customers with tailor-made solutions to fit their business environments, and we can work closely with them to transform their business potential into sustainable value. Upgrading to Oracle FLEXCUBE Universal Banking 12.0.1 helped our bank bring the customer to the center of our business ecosystem, and it enabled us to be part of the most profitable banks in our market.
Our key selection criteria included speed of installation, a short time-to-market for our products, and broad functionality. Ultimately, the choice came down to Temenos T24 or upgrading to Oracle FLEXCUBE Universal Banking 12.0.1. We researched systems used by banks overseas and learned that, by staying with Oracle, we would have wider coverage for the product lines that are our bread and butter—for example hedge transactions in securities—which T24 cannot do. Also, with Oracle we always benefit from strong support service, which is vital for our business, as we cannot afford to have interruptions in our services due to software problems. Oracle enables us to support innovation within a single environment, while providing sustainability to implement new services according to market needs without needing to invest in new software acquisitions. We now have the banking platform to build products and services according to our wishes.