#oracleflexcuberobotic process automationflexcube upgradetest automationbanking softwaredigital bankingrpa robotic process automation

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BENEFITS AND FEATURES OF FLEXCUBE CORE BANKING SYSTEMS

What is core banking?

Core banking is defined as a back-end system that processes banking transactions across the various branches of a bank. Core banking systems processes and services include servicing loans, calculating interests, processing deposits credit processing, and customer related management.

What is Flexcube?

FLEXCUBE is developed and introduced by oracle financial services, it is an automated universal core banking software that is designed as a solution for financial organizations and banks.

What are the Companies that have Oracle Core Banking Systems?

PNC: PNC offers a wide range of services for all our customers, from individuals and small businesses, to corporations and government entities. It uses Flexcube Core Banking system to provide efficient services to its clients

CITI BANK: Citi India's products and services are organized under two major segments: Institutional Clients Group (ICG) and Global Consumer Bank (GCB).

WELLS FARGO: The name Wells Fargo is forever linked with the image of a six-horse stagecoach thundering across the American West, loaded with gold. It is today a known user of Flexcube Core Banking System.

SVB BANK: For over 35 years, SVB has helped businesses grow and thrive across the innovation economy. It has worked hard and today it is known among the Top Banks in the world. It too uses Oracle Flexcube for Core banking system for implementation of Banking Services.

SIRMA BUSINESS CONSULTANCY: Sirma Business Consulting is an Oracle Flexcube Gold Partner that provides services around Oracle Flexcube for Core banking system and implementation, Testing, customizations, and managed

Features of Oracle Core Banking System

Responsive UI

Personalized UX

Core functionalities for a traditional and non-traditional banking

Machine Learning

Blockchain

Data privacy and regulatory compliance

Biometric face recognition

Multi-language, multi-currency, multi-entity operations

Security management covering application and role-based access

Online validations and automated exception processing

Centralized, decentralized, and combination deployments

Benefits of Oracle Core Banking system

Enable up-selling and cross-selling through intelligent dashboards

Monitor, manage and regulate processes, compliance, and reporting

Deliver product extensibility and increase flexibility and interoperability

Replace legacy systems with a universal solution.

Get a holistic view of customers.

Integrate with other applications.

Move to the centralized processing of big data.

Use analytical tools to evaluate customer needs in new products and services.

Provide high-level customer support.

Processes large transaction volumes round the clock

Supports multiple channels and interfaces

Ensures security across application and systems with role-based access

Leverages its service-oriented architecture to support agile business process management

Uses components-based architecture to build scalable and reusable solutions

Highlights of Oracle Flexcube Core Banking System

Drives enhanced customer engagement and value with next-generation digital capabilities and user experiences

Improves insight generation and enhances straight-through processing with intelligent decision-making and automation using technologies like machine learning and natural language processing

Enables rapid and secure integration and collaboration with third-party firms and ecosystems through externalized business services and an open architecture

Supports multiple deployment options across on premises and cloud and multiple deployment models

CONCLUSION

Oracle Flexcube Core banking system benefits a lot of companies with its easy and modern banking solution that helps growing companies.

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TOP 5 RECOGNIZED ORACLE FLEXCUBE IMPLEMENTATION PARTNERS IN BANGALORE

Who introduced FLEXCUBE?

FLEXCUBE is an automated complete core banking software introduced by Oracle Financial Services Ltd. Oracle FLEXCUBE Core Banking Solution offers a unified central flexible understanding that meets the modern necessities of a Bank. It offers customer-based or customer-driven core banking functionalities and ensures and considers the complete opinion of all customers. It also augments the link between bank employees and consumers.

What is the Flexcube Implementation process?

STEP 1: Installation of Oracle Flexcube Universal Banking Solutions

STEP 2: Parameterization of individual modules with particular requirements

STEP 3: Migration from Legacy System to Oracle Flexcube Universal Banking system

STEP 4: Integration of third-party system

STEP 5: Addition of other capabilities like the transactional system and so on.

Who Are The Top 5 Partners of Oracle Flexcube?

1.   JMR Infotech: JMR Infotech is one of Oracle’s earliest Platinum Partners in the BFSI space, globally. JMR is now recognized as one of the Important Technology Services companies that concentrate on Digital Transformation for Financial Services. Being a platinum partner, it is one of the Oracle Flexcube Implementation Partner located in Bangalore. JMR revolves its services around providing- Financial Services and Solutions, Digital and Enterprise solutions, and JMR Digital Platforms.

2.    FINONYX: Finonyx Software Solutions has its delivery and development hub based out of Bangalore, India, and Subsidiary Office in Dubai, United Arab Emirates. Finonyx is an Oracle Platinum Partner that is focussed on providing services around Oracle financial Services. Focused on IT solutions and application development services for banks and financial institutions across the globe, Finonyx Software Solutions is a trusted Oracle Flexcube Implementation Partner as a Platinum member providing complete consulting, testing, and implementation services for the Oracle FLEXCUBE suite of products.

The services provided by Finonyx are:

Core Banking Transformation

Digital Transformation

Managed Services

Governance Risk & Compliance (GRC) Consulting

Infrastructure Transformation

Custom Development Service

3.  TREMPPLIN INFOTECH: Trempplin is an Oracle Gold Partner focused in Oracle FLEXCUBE Implementation, Upgrades, Support, Training, and IT Staff Augmentation Services specializing in Financial Industry. Being an Oracle Flexcube Implementation Partner in Banking and Financial Domain, it provides the following services:

Testing Services

Consulting Management Services

Training services

Application Development

BAU Support

Staffing Services

  The Solutions provided by Trempplin are:

Oracle FLEXCUBE Solution

OBDX (Oracle Banking Digital Experience)

Oracle Financial Services Analytical Application (OFSAA)

Digital Marketing

E-Learning Portal

Digitalization of sop’s in Banks

Web Technology

4   SIRMA BUSINESS CONSULTING: Sirma Business Consulting (India) Private Limited has been established in 2015 and is based out of Bangalore. Sirma provides Banking and Financial services that bridge the technology gap with its client-specific and process-oriented approach to transform business digitally. Sirma Business Consulting is an Oracle Flexcube Implementation Partner that provides services around Oracle Flexcube for Core banking implementation, Testing, customizations, Managed services, and various other Flexcube services for banking & financial services, and insurance. Sirma offers a range of Consulting, Testing, RPA, and Managed services which will help banks stay updated with modern technologies. Sirma is an Oracle Gold Partner that provides a range of services such as: https://www.sirmaglobal.com/about-us-flexcube-core-banking-solutions.html

Oracle Flexcube services

Managed Services

Business Intelligence & Data warehousing

Penetration Testing and Ethical Hacking

Testing Centre of Excellence

DataBase Tunning

Business Process Reengineering

Business Intelligence & analytics

Application Development & Maintenance

Database Activity Monitoring

Performance Tuning Services

Database Management Services

IT managed services

Sirma with its 100+ man-years of experience in implementing Oracle Financial Software Services’ banking products (Oracle FLEXCUBE UBS & Oracle Flexcube Investor Servicing), brings in industries’ best practices and process-oriented approach which makes the implementation process or Managed services easy. Sirma also has a suite of products “ImpactoXgen”. It includes Team Zoid, Trainz, Ambassador Banking, and iBORG. Sirma has also been awarded by CIO Awards as “10 Most Promising Banking Technology Service Providers 2019”.

5.  Profinch is established in Bangalore to deliver a complete Banking experience to its customers. Profinch believes in providing a complete 360 Transformation of the Bank. The services it provides are:

Core Banking

Oracle Banking Digital Experience (OBDX)

Oracle Financial Services Analytical Applications (OFSAA)

Infrastructure Services

Digital Transformation

Reporting and Big Data Analytics

Managed Services

Profinch is one of the Oracle Flexcube Implementation Partner. It has two main products- Fincluez Data Hub and Finflowz Digitalization Hub.

What Benefits do Oracle Flexcube Partners get?

Fast implementation of innovation‌

Increased transaction security‌‌

Multidimensional agility‌

Enhanced connectivity‌

Reduced risk and improved regulatory compliance.

Reduced operational costs‌ and optimal efficiency‌

Conclusion

FLEXCUBE Core Banking is planned to revolutionize a bank’s core systems professionally and transmute the bank to a digital connected bank of tomorrow. Being an Oracle Flexcube Implementation Partner is highly beneficial. It helps in the growth and development of the companies. There are many such partners and systems that support Flexcube.

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