Oracle FLEXCUBE Universal Banking

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Overview

Oracle FLEXCUBE Universal Banking is a complete core banking platform for retail and corporate banking, Islamic banking, consumer lending, asset management, and investor servicing. Oracle FLEXCUBE can help banks jumpstart digital transformation and leapfrog their capabilities to stay relevant, competitive and compliant in a fast evolving industry. With its modern, digital, shrink wrapped, pre-configured, interoperable, scalable and connected capabilities, Oracle FLEXCUBE can help catapult banks to the fore front of digital innovation and leadership.

Enabled by the latest User Experience and technologies like Machine Learning, Natural Language Processing and Intelligent Assistants, Oracle FLEXCUBE empowers bankers with new insights, predictions and capabilities to personalize customer engagement while automating and streamlining routine processes. Oracle FLEXCUBE offers banks the agility to adapt architectures to suit different transformation paths and diverse operating / business models through a componentized architecture that is increasingly built on micro services. The systems 1600 + APIs and Business Services enables banks to open up data and services to third party firms to drive new ways to collaborate and build revenue streams in the age of Open Banking.

Oracle FLEXCUBE supports new business capabilities, functionalities, regulatory compliance and country specific localizations. It enables banks to standardize operations across multiple countries, transform their local operations, address niche business requirements, respond faster to market, optimize operations, and manage compliance. Oracle FLEXCUBE offers out of the box support for multiple standards and regulatory directives such as SWIFT GPI, SEPA Instant, PSD2, PAD, and FATCA phase III etc. and includes data privacy features.

Key Features

Digital Engagement

  • Rich and Intuitive UX
  • Enhanced Onboarding
  • Streamlined Operations
  • ML based Insights
  • Intelligent Automation

Multi-dimensional Agility

  • Micro vertical functionality
  • Micro-services
  • Multi-tenant support
  • Multi entity, country, currency
  • Reusable Common Core

Enhanced Connectivity

  • 1600+ Open APIs
  • Advanced Integration Framework
  • Standards based architecture
  • Rapid integration

Optimal Efficiency

  • Scalable N-tier
  • Extensible UI, Business Logic, Workflows
  • Out of the box compliance
  • 40+ Localizations
  • Cloud deployment options

Key Benefits

1.Effective customer engagement

a.Faster and better insights, decisions

b.Relevant, contextual recommendations, products, services

c.Simplified, fast, safe and engaging onboarding, servicing

2.Agile Architecture

a.Customized transformation paths

b.Flexibility to respond to market requirements

c.Support for new services, use cases, business requirements

3.Connected Capabilities

a.Easy and quick partnering and participation in ecosystems

b.Flexibility to explore new operating models and business models

c.Monetization of data and services

4.Efficient Systems

a.Streamlined and optimized processes

b.Scalable, cost effective and reliable operations

c.Effective compliance