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Oracle FLEXCUBE

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Overview

Oracle FLEXCUBE 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.

Oracle FLEXCUBE Universal Banking supports end-to-end retail lifecycles for accounts, deposits and all types of retail loans combined with extensive parameterization, centralized product management and relationship pricing, Oracle FLEXCUBE helps banks accelerate time-to-market and efficiently roll out tailor made offerings. Configurable workflows and easily extensible business logic combined with intelligent automation enable banks to easily adapt to evolving business dynamics. APIs and business services, integration frameworks that are standards based streamline interoperability and connectivity within the bank and externally with partners and ecosystems. Oracle FLEXCUBE helps optimize banking operations, lower costs, and explore new operating models with flexible deployment options, out of the box compliance and zero downtime.

Oracle Banking Branch is an independent solution that enables efficient customer servicing and branch operations spanning Branch transactions, Customer Cash Transactions, Cheques and Remittances, Loan Payments, Credit Card Payments, Account Servicing, Term Deposit Servicing, and Loan Servicing transactions. Built on a microservices architecture the solution is designed for the cloud and on-prem and supports multi-entity deployments. The solution offers rapid transaction capabilities and inbuilt customer 360 views that empowers bankers with deep insights and enhanced customer servicing capabilities.

A standalone component, Oracle Banking Origination is a comprehensive retail banking engagement solution that helps banks deliver streamlined and frictionless onboarding and originations for customers, accounts, deposits and loans. Oracle Banking Origination empowers bankers with enhanced capabilities and insights to place the customer at the center of the onboarding experience. The solution helps drive streamlined and frictionless onboarding and originations for retail customers, accounts, deposits, loans and credit cards.

Key Features

• End-to-end functionality across deposits, lending, and microverticals like Islamic banking, microfinance, and financial inclusion
• Embedded Machine Learning framework that helps unlock the value of data and drive new insights
• Embedded Digital Assistants that help drive intelligent automation
• Data privacy and protection features that help improve compliance
• Ready for next generation biometric facial recognition solutions
• Supports multi-currency, multi-lingual, multi-entity, multi country operations
• 1600+ REST API Library and standards based integration
• 24x7 banking and zero downtime
• Pre-integrated Blockchain and Machine Learning adapters
• Dynamic product catalogues
• Streamlined and optimized data capture and flows
• Intelligent decisioning and real-time tracking
• Enhanced customer 360 degree views
• Intuitive UI, Flexible workflows and efficient task management
• Rapid transaction capabilities
• Efficient approval mechanisms
• Intelligent assistants
• Customer service automation
• ML driven optimization

Key Benefits

• Accelerated time-to-market and efficient roll out of tailor made offerings
• Quickly capitalize on evolving customer needs and business requirements
• Helps bankers drive productivity, efficiency and customer focus
• Enables customized transformation using best of breed point or pre-integrated solutions
• Has a connected architecture that enables streamlined interoperability and connectivity
• Enables Open Banking and API commercialization
• Offers operational flexibility across the banking enterprise and geographies. and cost efficiencies
• Deliver comprehensive 24x7 banking with continuous business and technology operations
• Augmented customer servicing
• Deepen customer insights
• Optimized branch operations
• Enhanced revenue focus and improve cross and up-sell opportunities
• Offer quick and seamless onboarding process
• Offer better advice and guidance for customers

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