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Oracle Oracle FLEXCUBE Universal Banking

Debub world bank Deploys Oracle FLEXCUBE widely wide-spread Banking to Underpin ambitious growth Plans

WASHINGTON, DC, Mar 25, 2015 (Marketwired by the use of COMTEX) -- ORACLE business join -- recently established Debub international bank (DGB) has become the newest bank in Africa to choose Oracle ORCL, +0.fifty nine% solutions to underpin their enlargement plans. The bank will be deploying Oracle FLEXCUBE widely wide-spread Banking, Oracle's SPARC T5-2 server, and Oracle's StorageTek storage solutions to achieve its vision of fitting most desirable-in-category within Africa's banking industry. The hardware and software solution gives the foundation on which DGB can roll out its "anyplace, Any branch" cross-channel strategy.

"With one of the most quickest becoming economies in Africa and the entry of formidable avid gamers similar to Debub global bank into the finance sector, Ethiopia has the talents to turn into established as a number one fiscal middle within the area," noted Sonny Singh, senior vice chairman and standard manager, Oracle economic functions. "through running Oracle FLEXCUBE on Oracle servers with Oracle StorageTek tape and SAN storage, DGB has a strong, scalable groundwork to help its growth plans and execute its 'any place, Any department' approach across channels."

With Oracle FLEXCUBE, DGB will advantage from consolidated customer and product particulars throughout all banking departments. The mixture of Oracle FLEXCUBE utility with Oracle hardware will aid the financial institution offer protection to its data, in the reduction of its operational charges and improve time to market in addition to bring a higher consumer experience with anywhere, each time banking. moreover, Oracle Solaris is ideal for the banking business, with safety elements designed to readily meet and document compliance with trade requirements duties. Oracle FLEXCUBE helps funds, retail, small and medium-measurement business loans, trade finance, and treasury choices.

As part of the rollout, Oracle Consulting services and BFSI Consulting, a Gold level member of the Oracle PartnerNetwork, will assist DGB with its implementation.

"we have a scalable and respectable basis to understand their vision of fitting a greatest-in-classification financial institution in Africa," pointed out Aman Semir, IT director and CBS venture manager, Debub global bank S.C. "Debub world financial institution has changed its legacy platform to increase the consumer event with quicker time to market of recent, tailored product choices and power exponential client increase. Oracle's items will proceed to serve because the spine of their financial institution's IT infrastructure and device solutions."

additional info To study greater about Oracle economic capabilities or Oracle FLEXCUBE, follow @OracleFS, be part of the Oracle financial capabilities facebook group, or examine the Oracle monetary functions blog. To be taught more about Oracle Hardware be part of the Oracle Hardware fb community or examine the Oracle Hardware weblog.

About Oracle Oracle engineers hardware and software to work together in the cloud and for your information center. For extra suggestions about Oracle ORCL, +0.59% visit

emblems Oracle and Java are registered emblems of Oracle and/or its associates. other names can be logos of their respective owners.

Contact data Valerie Beaudett Oracle +1.650.four hundred.7833 email Contact Mary Tobin O'Keeffe and enterprise +1.503.658.7396 e-mail Contact

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Oracle Receives SWIFTReady payments Label 2012 for Oracle FLEXCUBE conventional Banking unencumber 12.0

REDWOOD SHORES, CA--(Marketwire - Oct 29, 2012) - SIBOS OSAKA - Oracle ( NASDAQ : ORCL )

information records

  • today at SIBOS, the financial functions business's premier international conference, Oracle announced that Oracle FLEXCUBE generic Banking 12.0 has acquired the SWIFTReady funds Label 2012.
  • The SWIFTReady payments label certifies core banking or funds functions that enable the initiation, generation, processing and contract of inter-financial institution payments. items have to exhibit compliance with SWIFT specifications, messaging features, and connectivity; integrate correctly within the SWIFT environment; enhance site visitors automation; and support Straight through Processing (STP).
  • SWIFT, which materials relaxed messaging services and interface application to wholesale fiscal entities, runs an annual program for making a choice on the SWIFT-compliance of third-birthday party application functions across all monetary functions market segments.
  • The SWIFTReady label program helps to foster solutions that are compliant with the enterprise and technical necessities of the economic industry and enable extra efficient transaction processing.
  • along with this certification, Oracle has additionally made available enhancements to Oracle FLEXCUBE for cellular banking in addition to personal loan originations.
  • aiding Quote

  • "offering full carrier funds capabilities with more desirable fee of heterosexual although Processing (STP) mixed with amazing exception administration capacity is vital for banks globally. The SWIFTReady payment Label 2012 suggests existing and potential consumers that Oracle FLEXCUBE popular Banking helps the newest SWIFT payments requisites and may with ease integrate with the SWIFT environment. Oracle's relationship with SWIFT demonstrates their dedication to adhering to trade standards as they proceed to improve solutions that support monetary services organizations handle pressing and ever-changing business challenges," noted Chet Kamat, CEO and Managing Director, Oracle fiscal features utility.
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    About Oracle in Industries Oracle business options leverage the business's surest-in-category portfolio of items to handle advanced enterprise strategies important to economic features, helping pace time to market, reduce costs, and gain a aggressive edge.

    emblems Oracle and Java are registered logos of Oracle and/or its associates. other names may well be trademarks of their respective owners.

    Dombivli Nagari Sahakari financial institution Chooses Oracle FLEXCUBE as Its Core Banking solution

    main Cooperative financial institution in India to seriously change Operations and increase consumer experience With Oracle FLEXCUBE regularly occurring Banking

    WASHINGTON, DC--(Marketwired - Mar 25, 2015) - ORACLE industry connect -- Oracle (NYSE: ORCL) -- Dombivli Nagari Sahakari financial institution Ltd. (DNS bank), some of the leading scheduled city cooperative banks in India, has chosen Oracle FLEXCUBE regularly occurring Banking to transform its banking operations. The deal was finalized in may also 2014, and DNS financial institution expects to go live with a state-of-the-art gadget in 2015. With forty two branches spread across 13 districts of Maharashtra and a business mix of Rs 5,500 crore, DNS financial institution has a plan to develop to greater than Rs 15,000 crore with greater than 100 branches via 2019.

    via enforcing a brand new-technology core banking solution in keeping with Oracle FLEXCUBE, DNS bank plans to optimize its operational efficiency, profitability, and growth. With Oracle FLEXCUBE, DNS bank hopes to provide advanced customer adventure, sooner delivery of recent and agile items and services and comfortable, function-wealthy banking channels similar to mobile and cyber web banking. Oracle FLEXCUBE will provide DNS bank with the potential to enrich company intelligence and resolution support, give more suitable move-promote and up-promote opportunities and cut back working fees quite simply of IT administration.

    "We congratulate DNS financial institution in taking this step forward toward a greater consumer centricity through know-how. they are excited to work with the financial institution and to show off Oracle FLEXCUBE's ability to handle the cooperative financial institution sector. With more than 500 institutions the use of Oracle FLEXCUBE across the world, they now have confirmed their ability to meet the benchmarks of distinctive banking segments, showcasing genuine flexibility and means to execute a hit transformations," stated Chet Kamat, senior vp, Oracle financial functions.

    DNS financial institution is the first cooperative bank in India to implement Oracle FLEXCUBE, replacing the bank's existing legacy system. by taking skills of FLEXCUBE's module-primarily based device, transaction-processing capabilities and method framework, DNS financial institution could have the capacity to standardize its operations, create a sturdy provider-oriented structure and to manner a large variety of transactions with excessive availability.

    "DNS bank believes that with technology, they are able to offer differentiated and customised functions to their valued clientele. changing their core equipment to a latest core banking system corresponding to Oracle FLEXCUBE is a huge step ahead in their evolution. they are joyful with the functionality that Oracle FLEXCUBE promises, its contemporary structure, and its adaptability to the necessities of a cooperative enterprise mannequin reminiscent of ours," talked about Uday Karve, chairman, DNS bank.

    additional info learn greater about Oracle fiscal services and Oracle FLEXCUBE Retail Banking via reading the Oracle economic capabilities weblog or following Oracle economic features on facebook, Twitter, and YouTube

    About Oracle Oracle engineers hardware and software to work together in the cloud and for your facts middle. For greater tips about Oracle (NYSE: ORCL), seek advice from

    trademarks Oracle and Java are registered trademarks of Oracle and/or its affiliates. different names may well be trademarks of their respective owners.

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    JMR Infotech bags deal from Azizi Bank to implement core banking system

    JMR Infotech, a leading technology solutions and services provider, today announced they have won deal from Azizi Bank for the implementation of Oracle FLEXCUBE core banking solution.

    As part of the deal, JMR Infotech will implement Oracle FLEXCUBE Universal Banking at Azizi Bank, replacing its existing systems to keep pace with the rapidly changing operational priorities, improve banking efficiency and meet customer expectations. JMR Infotech will also implement Oracle FLEXCUBE Direct Banking solution at the Bank. The implementation will enable the Bank in several key areas such as new product offerings across conventional & Islamic Banking, internet banking and cost effective operations.

    Commenting on the selection of JMR Infotech, Mr. Mohammad Salem Omaid, CEO, Azizi Bank said, “We are confident that JMR Infotech will help us transform their technology ecosystem and support their rapid growth plans.” “JMR showcased high level of commitment and expertise during the selection procedure and they came to the conclusion that JMR Infotech can provide the necessary transformation in a quick and efficient manner and prepare us for the opportunities and challenges of the future,” said Mr. Mohammad Salem Omaid in the presence of the Chairman Mr. Mirwais Azizi, Deputy Chairman Mr. Jawad Azizi and other Senior Managers.

    “We are delighted that Azizi bank has selected JMR Infotech as technology partner to help them in their strategic transformation project. This deployment will provide Azizi Bank with a robust platform to support their strategic growth plans,” said Mr. Jayafar Moidu, CEO, JMR Infotech.

    With delivery and development centers in India, sizable global presence and customers spread across 5 continents, JMR Infotech is a leader in Information Technology solutions and services. In their short existence, since 2007, they have grown to have top brands as their clients. 

    Our leadership in the IT domain is backed by better understanding of their client's business needs and innovative solutions to advance their business goals. The title of World's first Oracle Platinum Partner fully specialized in all financial solutions is a testimonial to their comprehensive offering, strong focus and unmatched expertise in BFSI domain.

    In August 2014, Global Banking & Finance Review recognized JMR Infotech’s thought leadership, technical prowess and customer focus by presenting Best Core banking Technology Provider award for Middle East and Africa region.

    Silicon Review, in 2015, recognized JMR Infotech as one of the 50 Fastest Growing Tech Companies in recognition of their creativity in innovation, customer orientation and domain expertise.

    JMR Infotech has been awarded with the title of ‘World Business Leader’ by World Confederation of Businesses in November 2015.

    Our ed-tech solutions have been recognized as Best Innovation in Education Technology for Schools at the 7th World Education Summit in August 2016.

    Our offerings are delivered through their unique customer centric Extended Arm engagement model through which they work as Extended Arm of their clients, helping them reduce investment and total cost of ownership

    Bank of Khyber in new core banking system search

    New core banking system selection in Pakistan

    Bank of Khyber (BOK), a regional government-owned bank in Pakistan, has embarked on a core banking system modernisation programme.

    The bank issued a request for proposal (RFP) in June, looking to “procure the services of experienced software houses, IT companies for the supply, installation, implementation and maintenance of a core banking system”.

    The new solution should “provide all the necessary facilities to run the business of the bank as per best standard practice”, the bank says in the RFP document, and cover its network of 166 domestic branches (including 84 Islamic banking branches).

    In the scoring process, the bank will assign 80% weighting to the technical proposal, and 20% to the financial one.

    BOK’s incumbent system is Bank Essentials, provided by local vendor Sidat Hyder. Its implementation process was a lengthy one, starting in 2011 and concluding in 2016.

    For treasury ops, the bank uses Adams from another local vendor Autosoft Dynamics, as well as AutoRTGS for settlement.

    It is likely BOK will be evaluating Autosoft’s core banking solution, Autobanker, as well as the offerings of international vendors that are well-established in Pakistan: Temenos with T24 and Oracle FSS with Flexcube.

    Massachusetts Cape Cod Technical High School student plans to protest dress code

    Too suggestive for school? Students fury after yoga pants are banned at Massachusetts high school because they are 'a distraction for boys' 
  • Cape Cod Technical High School says the garments 'are considered an accessory and must be worn with dress, skirt or shorts' 
  • Senior class president said 'I think they're making the rules because boys are becoming distracted' 
  • School superintendent said the policy is to help pupils learn employability skills and prepare them for dressing appropriately in the workplace
  • Students are planning a protest on the first day of term on September 2 by wearing yoga pants and leggings to class 
  • Students at a Massachusetts high school are planning a protest against dress code changes which prohibit them from wearing yoga pants and similar clothing without wearing a skirt, dress or shorts over the top.

    Cape Cod Technical High School wrote on its website: 'Leggings, tights, yoga pants and any other extremely form fitting apparel are considered an accessory and must be worn with dress/skirt or shorts.'

    Protest organizer student Emily Connolly, 16, told ABC News: 'My friends and I didn't agree with it at all.

    '[If] they want to just kind of go to school and sit there for eight hours in a T-shirt and leggings or yoga pants, then I feel like they should have that option.' 

    Emily Connolly is against changes to the dress code at Cape Cod Technical High School's dress code

    Speaking out: Connolly criticized the policy changes on Facebook earlier this month 

    In an August 3 Facebook post, Connolly wrote: 'Girls in today's society are forced to cover there bodies and considered more of sex symbols than actual human beings just because some guys don't know how to 'control' themselves doesn't mean girls need to pay for it.'

    Seana Aiolupotea, who is the senior class president, told the Cape Cod Times: 'I think they're making the rules because boys are becoming distracted.' 

    She told the newspaper 'we're wearing them to be comfortable.'

    A Facebook page for the protest calls for students to wear yoga pants the first day of the new school year, according to multiple news outlets reporting on the story. 

    Connolly told the Boston Globe September 2's planned 'First Day = Yoga Pants' is meant to let administrators know they can't 'body shame' students.

    According to the newspaper, over 115 Facebook users have already indicated they are 'attending' on the social media website. 

    Dress code: Cape Cod Technical High School says online: 'Leggings, tights, yoga pants and any other extremely form fitting apparel are considered an accessory and must be worn with dress/skirt or shorts'

    The Globe wrote: 'Connolly said she understood breaking the policy on the first day of school could come with consequences, but the risk was worth it.'

    She told the newspaper: 'My friends and I don't plan on doing anything super-dramatic.'

    'I hope it's not a fight that we'll have to put up. I'm totally willing to sit down and talk to them about it and see if they can work around it and come to an agreement around it.'

    Protest: Students upset with the changes are reportedly planning to wear yoga pants the first day of the new school year 

    In a statement issued to ABC News, school superintendent Robert P. Sanborn III said the policy offers 'soft skills employers seek, include an awareness of appropriate dress for appropriate venues'.

    He told the Boston Globe: 'Part of their framework for their school is employability skills, and there's proper dress for that.

    'We're in the education business, and they need to educate their students the reason for this policy, as well as explaining the implementation.'

    Sanborn told the newspaper: 'When they institute policies such as this, they don't take a heavy-handed approach.

    'It's going to be a teachable moment... It's going to take dialogue with their students.' 

    Controversy: An exterior shot of Cape Cod Technical High School can be seen above

    The school's website says: '[Principal William Terranova] and the entire administrative team would like to congratulate the students who have come forward to voice their opinions and organize protest.

    'The voices of their youth are the voices of the future and the school administration is committed to respecting the planned protest when school begins.' 

    Seana Aiolupotea, who is the senior class president, told a local newspaper that 'We're not wearing them to get attention from people; we're wearing them to be comfortable' (file photograph) 


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