SOURCE: Oracle Corporation

Oracle Corporation

March 25, 2015 08:05 ET

Debub Global Bank Deploys Oracle FLEXCUBE Universal Banking to Underpin Ambitious Expansion Plans

Ethiopian Bank Adopts Oracle Core Banking With Oracle's SPARC Servers and Oracle's StorageTek Tape and SAN Storage to Support Cross-Channel 'Anywhere Any Branch' Strategy

WASHINGTON, DC--(Marketwired - Mar 25, 2015) - ORACLE INDUSTRY CONNECT -- Recently established Debub Global Bank (DGB) has become the latest bank in Africa to select Oracle (NYSE: ORCL) solutions to underpin their expansion plans. The bank will be deploying Oracle FLEXCUBE Universal Banking, Oracle's SPARC T5-2 server, and Oracle's StorageTek storage solutions to achieve its vision of becoming best-in-class within Africa's banking industry. The hardware and software solution provides the foundation on which DGB can roll out its "Anywhere, Any Branch" cross-channel strategy.

"With one of the fastest growing economies in Africa and the entry of ambitious players such as Debub Global Bank into the finance sector, Ethiopia has the potential to become established as a leading financial center in the region," said Sonny Singh, senior vice president and general manager, Oracle Financial Services. "By running Oracle FLEXCUBE on Oracle servers with Oracle StorageTek tape and SAN storage, DGB has a strong, scalable foundation to support its expansion plans and execute its 'Anywhere, Any Branch' strategy across channels."

With Oracle FLEXCUBE, DGB will benefit from consolidated customer and product details across all banking departments. The combination of Oracle FLEXCUBE software with Oracle hardware will help the bank protect its data, reduce its operational costs and improve time to market as well as deliver a better customer experience with anywhere, anytime banking. Additionally, Oracle Solaris is ideally suited for the banking industry, with security features designed to easily meet and document compliance with industry standards obligations. Oracle FLEXCUBE supports payments, retail, small and medium-size enterprise loans, trade finance, and treasury offerings.

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 now have a scalable and reliable foundation to realize our vision of becoming a best-in-class bank in Africa," said Aman Semir, IT director and CBS project manager, Debub Global Bank S.C. "Debub Global Bank has transformed its legacy platform to improve the customer experience with faster time to market of new, tailored product offerings and drive exponential customer growth. Oracle's products will continue to serve as the backbone of our bank's IT infrastructure and system solutions."

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