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
world. - 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
console. - 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
solutions.” - “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.”
