SOURCE: Oracle Corporation

Oracle Corporation

August 05, 2009 08:00 ET

Leading Analyst Firm Positions Oracle® FLEXCUBE in Leaders Quadrant in International Retail Core Banking Report

Oracle FLEXCUBE Core Banking and Oracle FLEXCUBE Universal Banking Applications Recognized for Vision and Ability to Execute

REDWOOD SHORES, CA--(Marketwire - August 5, 2009) - Oracle (NASDAQ: ORCL)

News Facts

  • Gartner, Inc. has positioned Oracle FLEXCUBE Core Banking and Oracle FLEXCUBE Universal Banking in the Leaders quadrant of its recent "Magic Quadrant for International Retail Core Banking, 2009" report.(1)
  • The Gartner Magic Quadrant positions vendors within a particular quadrant based on completeness of vision and their ability to execute on that vision.
  • Oracle FLEXCUBE, a SOA enabled solution, caters to corporate, retail and investment banking needs. Its flexible, open standards based architecture coupled with extensive functionality lends agility to banks' operations and enables them to standardize, consolidate, manage risks and compete in challenging market conditions.
  • Oracle FLEXCUBE's flexible process configuration capabilities allow users to configure business processes to suit their needs. Supported by an exhaustive set of web services, Oracle FLEXCUBE can enable process orchestration and ease of integration with other applications.
  • The applications enable banks to manage increased transaction volume, while providing the flexibility needed to reduce time to market and meet evolving regulatory requirements.
  • According to Gartner, "This (Leaders) quadrant is occupied by vendors that possess a strong banking market understanding, and most have a measurable strategy for disaggregating core banking software functionality into component-based constructs. Most vendors exhibit highly developed and certified development and delivery of quality methodologies or are executing on a strategic road map to attain certification. Most vendors in this quadrant have extensive marketing delivery and sales channels. Some higher-rated vendors share conspicuous operational organization approaches to key performance indicators and show a clear willingness to own and be accountable for a successful customer experience."

Supporting Quote

  • "Financial institutions around the world rely on Oracle FLEXCUBE to help them meet dynamic business requirements in competitive markets -- while improving customer service and cost effectiveness and streamlining regulatory compliance," said N R K Raman, CEO and Managing Director, Oracle Financial Services Software Limited. "We believe Oracle FLEXCUBE's placement in the Leaders quadrant provides great recognition of our success in helping customers innovate and adapt to changing needs and business requirements."

Supporting Resources

Oracle Innovation Showcase

For more than 32 years, Oracle has been a technology innovator, transforming the way business is conducted. To learn about Oracle's latest technologies, visit the Innovation Showcase during the 100 days before Oracle OpenWorld. See oracle.com/innovation for more information.

About the Magic Quadrant

The Gartner Magic Quadrant is copyrighted 2009 by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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 largest business software company. For more information about Oracle, please visit our Web site at http://www.oracle.com.

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(1) Gartner, Inc. "Magic Quadrant for International Retail Core Banking" by Don Free, July 8, 2009

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