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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Solix signs pact with Oracle Financial

Solix Technologies Inc., a US-based provider of enterprise data management solutions with its global development centre in Hyderabad, has signed a global partner agreement with Oracle Financial Services Software Limited.

Under the agreement, Oracle Financial will offer Solix EDMS (enterprise data management solution) as embedded functionality in Oracle FlexCube to help automate archive and purge processes by classifying data, configuring and executing archiving and data migration routines.

“This will help ensure that data remains secure giving Oracle FlexCube customers greater control over enterprise data. Moreover, Oracle FlexCube would be enabled to ensure that data can be restored quickly and accurately as and when required. This coupled with the ability to retain real-time historical data is expected to deliver added value to Oracle FlexCube customers, helping them comply with legal and regulatory requirements,” Solix said in a press release on Wednesday.

Source: http://business-standard.com

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Aircel implements Oracle applications to supprt growth plans

Aircel implements Oracle applications to supprt growth plans. Indian GSM mobile operator Aircel has implemented multiple Oracle applications to support its growth plans.

The Oracle applications, including components of Oracle Communications Service Fulfillment Suite, Siebel CRM, Oracle Fusion Middleware, Oracle Database and Oracle Real Application Clusters, will help Aircel to launch its operations in new markets and provide a platform to offer new services, build better brands and lower operational costs, said Oracle.

Wipro Limited, a member of the Oracle PartnerNetwork and partner for Aircel's IT transformation and maintenance for nine years, completed the implementation for Aircel in less than five months, added Oracle.

Aircel has deployed components of Oracle Communications Service Fulfillment Suite including Oracle Communications Service Activation, an automated platform for activation of complex services in a streamlined manner across multiple technology domains for both wireline and wireless service providers.

Aircel has also implemented Oracle Identity Management, a component of Oracle Fusion Middleware that allows Aircel to manage the lifecycle of user identities across its various departments.

Aircel expects the scalable Oracle Identity Management solution to provide a high return on investment with improved security. In addition, the company expects Oracle Identity Management to help it realize significant cost savings by automating provisioning of user accounts, dramatically reducing help desk calls, streamlining compliance audit and reporting, consolidating identity silos and allowing rapid integration with enterprise applications.

Raghav Sahgal, vice president of Oracle Communications, said: "Aircel's selection of Oracle validates our leadership and our commitment to the communications industry in India. By leveraging Oracle solutions, Aircel will be able to deliver next-generation services and content. At the same time, Aircel will be able to increase customer satisfaction and loyalty, reduce operating costs, and improve management reporting and control to capitalize on the fast-growing Indian mobile market."

Source: www.datamonitor.com

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