Oracle Introduces Oracle FLEXCUBE 12.0 to Help Banks Meet the Needs of Gen Y Customers
June 28 2012 - 8:00AM
Marketwired
Oracle (NASDAQ: ORCL)
News Facts
- Oracle FLEXCUBE 12.0, the latest version of the Oracle FLEXCUBE
banking platform, is now available. The release includes features
that enable banks to deliver more personalized and convenient
service to customers across all channels. It also offers a
harmonized infrastructure and open development environment that
allows more flexible deployment options and upgrade paths.
- This release signifies a strategic shift in release strategy
for FLEXCUBE with new versions of Oracle FLEXCUBE Universal
Banking, Oracle FLEXCUBE Private Banking and Oracle FLEXCUBE Direct
Banking being released simultaneously in a pre-integrated
manner.
- The newest release provides financial institutions with
expanded functionality for sales and self-service across multiple
channels, including online, mobile, ATM and branch banking.
- New online capabilities provide spend analysis, alerts and
reminders across portfolios and interactions, empowering customers
to track expenses and investments and giving them greater control
over their finances.
- Oracle FLEXCUBE 12.0 offers enhanced mobile banking
capabilities with new versions of applications for the iPhone,
iPad, and Java ME devices.
- Banks can now use Oracle FLEXCUBE to provide customers with
real-time offers and coupons based on location for a more
personalized experience.
- Expanded assisted-channel support and built-in analytics enable
relationship managers to map a full enterprise-wide view of the
customer relationship to help optimize service and sell additional
products.
- Oracle FLEXCUBE 12.0 features new enhancements for bank staff,
which help transform employees to knowledge workers.
- Role-based business dashboards help provide bankers with key
insights for enhanced productivity, guiding them to important
revenue generating-tasks that require their attention.
- A new interactions framework gives bank employees a 360-degree
view of all customer interactions in one place, enabling them to be
more responsive to customer needs and helping to provide a personal
banker experience to each customer.
- The solution features expanded out-of-the-box integration with
other Oracle solutions to accelerate time to value.
- Built-in integration with Oracle ATG Web Commerce enables
click-to-chat and assisted transactions at the press of a button,
delivering immediate personal service to Internet banking
customers.
- Integration between Oracle FLEXCUBE and Oracle Real-Time
Decisions enables banks to profile their customers and create
targeted offers for up-sell and cross-sell opportunities.
- Oracle FLEXCUBE 12.0 is qualified to run on Oracle Exadata
Database Machine, Oracle Exalogic Elastic Cloud, and Oracle's SPARC
T4 Servers and is pre-certified on a standard stack of Oracle
Fusion Middleware, Oracle Database 11g and Oracle Database options
including virtualization.
- New Oracle FLEXCUBE Open Development Tools helps users to
easily create, modify and test the user interface, business logic
and integrations. Tools include Oracle FLEXCUBE Development
Workbench for Mobile and Direct Banking, which frees banks from the
need to make multiple device upgrades and provides an integrated
approach to deploying functionality across platforms with one-time
application development and multiple deployments across mobile
devices.
Supporting Quotes
- "Banca Transilvania is currently replacing its legacy core
banking system with Oracle FLEXCUBE. The bank selected Oracle
FLEXCUBE for its rich functionality, open architecture and
scalability. With the release of FLEXCUBE 12.0, our confidence in
Oracle's commitment to further enriching the product's
functionality and integration capabilities has been strengthened.
This new version of Oracle FLEXCUBE will assist many other banks
like Banca Transilvania in their core banking transformation
projects," said Leontin Toderici, executive director and chief
operating officer, Banca Transilvania.
- "Oracle FLEXCUBE's comprehensive functionality and technology
is at the center of our core systems transformation program. The
new release of FLEXCUBE is very exciting, with new features banks
can leverage for better customer service and improved employee
productivity. We are glad we chose Oracle and look forward to
leveraging the investments being made in FLEXCUBE," said Hanif
Younus, chief operating officer, Prominvest Bank.
- "ChinaTrust Commercial Bank has standardized its international
operations on Oracle FLEXCUBE. For our bank, customer centricity is
a key success factor. We are excited to see the new features in
Oracle FLEXCUBE 12.0. The focus on customer centricity in the
solution is something that many banks like ours will find very
useful. We wish Oracle the very best for this release," said Frank
Shih, executive vice president, ChinaTrust Commercial Bank.
- "Ecobank is committed to service excellence and efficiency
through the use of best-in-class technology. By deploying Oracle
FLEXCUBE, we have aligned our network to provide superior service
and a consistent experience for our customers across the African
continent. We wish Oracle the very best for Oracle FLEXCUBE Release
12.0," said Arnold Ekpe, group chief executive officer, Ecobank
Transnational Inc.
- "Oracle FLEXCUBE 12.0 gives financial institutions the power to
redefine the banking experience and deliver a 'personal banker'
experience to each and every customer," said Chet Kamat, managing
director and chief executive officer, Oracle Financial Services
Software. "It gives bankers the intelligence needed to truly
understand customers and how they interact with the institution
along with the flexibility to deliver a highly responsive,
personalized experience and robust-transaction capabilities
regardless of the customer's location."
Supporting Resources
- Oracle Financial Services
- Oracle FLEXCUBE Solutions Suite
- Follow Oracle Financial Services on Twitter
- Join the Oracle Financial Services Community on Facebook
- Watch the FLEXCUBE Release 12.0 videos on the Oracle Financial
Services YouTube Channel
- Additional Supporting Customer and Partner Quotes
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