Oracle Financial releases new internet and mobile banking application

Flexcube Direct Banking supports multiple entities that cater to the multi-business needs of financial institutions. Oracle Financial Services Software, a majority owned subsidiary of Oracle, has released version 5.0 of its Flexcube Direct Banking, an internet and mobile banking application.

According to the company, Flexcube Direct Banking caters to a wide range of transactions across corporate, retail as well as investment banking such as funds and wealth services.

Banks that are looking to deliver channel services efficiently and use a channel platform to help integrate heterogeneous host systems infrastructure can use Oracle Flexcube Direct Banking's integration capabilities that are based on industry standards, said Oracle.

From a single physical installation, Oracle Flexcube Direct Banking 5.0 reportedly supports multiple entities that cater to the multi-country, multi-jurisdiction and multi-business needs of financial institutions.

Oracle Flexcube Direct Banking 5.0 enables banks to deliver full transactional services on the mobile phone, including support for browser-based and Java-based application services, said Oracle. With this new release, banks can continue to use Oracle Flexcube Direct Banking's SMS based transactional services.

Manmath Kulkarni, senior vice president and chief architect for retail and internet banking at Oracle Financial Services Software, said: "Oracle Flexcube Direct Banking offers financial institutions the flexibility to deploy and support a uniform customer experience across all service channels including the mobile phone, thereby helping to reduce the infrastructure and operating costs for servicing customers."

Source: http://mobility.cbronline.com

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