Oracle Introduces FLEXCUBE Universal Banking Release 11.0

Oracle FLEXCUBE Integration Lab Launched with New Release to Show Banks How Easy
it is to Integrate with Existing Web Services

News Facts

  • Oracle Financial Services Software today announced a new
    release of Oracle FLEXCUBE Universal Banking. This brings together Oracle’s
    vast experience in supporting banks in more than 125 countries and with a
    combined asset base in excess of 30 trillion dollars.
  • With the help of 2,000 plus web services, 800 plus
    file-based feeds and more than 900 call outs for extensibility, Oracle FLEXCUBE
    customers have the flexibility to set up their operations based on the unique
    needs of the business while also benefitting from more than 25,000 existing
    integrations from previous deployments of the application around the
  • Along with this release, Oracle is also launching the
    “Oracle FLEXCUBE Integration Lab” to provide customers with secure access to an
    instance of Oracle FLEXCUBE in order to get a first hand feel for how easy it is
    to integrate with the application using existing web services.
  • Oracle FLEXCUBE Universal Banking release 11 provides
    complete support for the lending, leasing and mortgage lifecycle across
    origination, servicing and collections. It helps banks improve their reach and
    generate fee-based income through better intermediary and broker-aided
    distribution of products to target segments.
  • The new release enables banks to reduce operational
    risks, lower costs, and enhance customer service by taking advantage of
    centralized, multi-product origination functionality to provide a uniform
    customer experience, standardize processes across the enterprise, and create
    centers of excellence.
  • Oracle FLEXCUBE release 11 helps to improve operational
    and analytical insight for bankers through enhanced business intelligence
    support and integration with Oracle Reveleus as well as Oracle Mantas’ Know Your Customer, Anti Money Laundering and Fraud.
  • Oracle FLEXCUBE Universal Banking was awarded a
    SWIFTReady Payments 2009 application label.

Oracle FLEXCUBE Release 11 Helps Banks Significantly Reduce Costs,
Accelerate Return on Investment

  • Improved deployment and integration accelerators and
    extensibility features in the new release help banks roll out products faster as
    a result of a quicker, more efficient and less expensive implementation of
    Oracle FLEXCUBE.
  • With the increase in the amount of data banks have to
    manage today, the new release of Oracle FLEXCUBE includes built-in capability
    for data archiving and purging, helping to reduce the cost of data management
    and making it easier for banks to scale as their business grows.
  • As a result of integration with Oracle Enterprise
    Manager, customers can now manage the Oracle Database, Oracle Fusion Middleware
    components, as well as the Oracle FLEXCUBE application from a single
  • Oracle FLEXCUBE release 11 features enhanced deployment
    accelerators with pre-configured products and processes for specific regions and
    countries, helping banks generate a quicker return on their investment.

Supporting Quotes

  • “Improving their reach and generating fee-based income
    through enhanced origination and distribution is at the top of the 2010 agenda
    for banks,” said Joseph John, Executive Vice President, Banking Products, Oracle
    Financial Services Software. “Oracle FLEXCUBE Universal Banking release 11 marks
    a significant milestone, providing unmatched extensibility and integration
    capabilities combined with operational support. It builds on our proven track
    record and expertise in providing banks with core banking software
  • “The new decade will bring a renewed spotlight on core
    banking renovation after a prolonged period of delaying core projects during the
    global recession,” states Karen Massey, Senior Analyst, Consumer Banking, IDC
    Financial Insights. “The focus will be on refreshing the core to support new
    business models as financial institutions look to improve profits and increase
    efficiency, questioning the tremendous maintenance and integration costs of
    legacy core systems. The flexibility of a component based approach will be key
    to core renewal, supporting unique strategies as FI executives invoke innovation
    to take a leadership position in the marketplace.”


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