SOURCE: Oracle Corporation

Oracle Corporation

August 08, 2011 15:32 ET

Afghan United Bank Deploys Oracle FLEXCUBE Universal Banking Solution to Deliver Banking Services and Support Growth

Implementation Completed Using Oracle FLEXCUBE Universal Banking Accelerator Pack

REDWOOD SHORES, CA--(Marketwire - Aug 8, 2011) - Oracle (NASDAQ: ORCL)

News Facts

  • Oracle today announced the successful go-live of Oracle FLEXCUBE Universal Banking Solution and Oracle FLEXCUBE Direct Banking at Afghan United Bank.
  • The Oracle FLEXCUBE Universal Banking accelerator pack -- a set of pre-configured products and processes designed for specific regions and countries -- meant that implementation time was shortened to under 36 weeks, with reduced risk in deployment.
  • Afghan United Bank is a commercial bank contributing to the development of private and public industries, including the agricultural, industrial and construction sectors in Afghanistan.
  • The highly scalable infrastructure of the Oracle FLEXCUBE Universal Banking Solution will enable Afghan United Bank to meet its expansion goals, whilst contributing to the economic growth of the country.
  • The Oracle FLEXCUBE customer centric functionality will help the bank provide innovative products to its customers, and use enhanced customer insight and simulations to deliver excellent customer service.
  • By implementing Oracle FLEXCUBE, the bank is able to centralize and standardize its operations, and offer advanced multi-channel banking facilities to its customers -- including online and mobile banking.
  • In addition, Oracle FLEXCUBE Direct Banking provides a 360-degree view of customer relationships and transactional information across channels, allowing Afghan United Bank to understand customers' needs and rapidly identify cross-selling and up-selling opportunities.
  • To ensure that every branch is fully serviced, including those in remote locations, Oracle FLEXCUBE was deployed over microwave and VSAT network infrastructure.
  • The contract between Oracle and Afghan United Bank was signed in July 2009 and the deployment was supported from the Dubai offices of Oracle Financial Services.

Supporting Quotes

  • Syed Mahmood-ul-Hassan, chief executive officer, Afghan United Bank, said: "We needed an efficient core banking solution that could provide us with the means for next generation growth. With the successful implementation of Oracle FLEXCUBE Universal Banking and Oracle FLEXCUBE Direct Banking, we now have a robust platform that will help us manage our operations across channels, providing efficient servicing and innovative products to an expanding customer base."

  • Mustafa Moonim, vice president, Eastern Europe and Middle East, Oracle Financial Services, said: "We are excited to see the successful go-live of Oracle FLEXCUBE -- our third in Afghanistan. We pride ourselves on being able to support the specific needs of our customers, and ensuring we can serve their local requirements is a key aspect of this service. Oracle FLEXCUBE allows Afghan United Bank to expand its service offerings and contribute to the economic growth of the country."

Supporting Resources

About Oracle Financial Services Software Limited
Oracle Financial Services Software Limited (referred to as "Oracle Financial Services Software") (Reuters: ORCL.BO & ORCL.NS) is a majority owned subsidiary of Oracle. For more information, visit www.oracle.com/financialservices.

About Oracle
Oracle (NASDAQ: ORCL) is the world's most complete, open, and integrated business software and hardware systems company. For more information about Oracle, visit oracle.com

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. FLEXCUBE, Daybreak, Mantas and Reveleus, are trademarks of Oracle Financial Services Software and are registered in several countries. Other names may be trademarks of their respective owners.

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