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Oracle FS has signed two new purchasers for its flagship Flexcube core banking system in Uzbekistan. These are Ziraat Financial institution and a start-up challenger financial institution.
Oracle FS good points two new Flexcube purchasers in Uzbekistan
Ziraat Financial institution, which has been within the native marketplace for greater than 25 years offering retail and industrial banking providers, has signed for a broad suite of Oracle merchandise, together with core, department, funds treasury administration, commerce finance, and analytics. Ziraat Financial institution is a subsidiary of Turkish banking group Ziraat and was generally known as Uzbek-Turkish Financial institution till its rebrand in 2017.
The opposite latest deal is with a brand new financial institution in Uzbekistan, which is able to present standard and Islamic banking providers as soon as it launches. The financial institution may even implement a bunch of Oracle’s options along with the Flexcube core, together with threat administration, monetary crime and compliance, and digital banking.
There at the moment are 4 Flexcube takers in Uzbekistan – a formidable end result contemplating Oracle FS had no enterprise there simply 18 months in the past – following earlier offers with Universalbank and InfinBank.
Oracle FS can be engaged on a trio of front-end digital banking tasks there, with Kapitalbank, Nationwide Financial institution of Uzbekistan, and Trustbank.
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