Oracle Financial unable to get any help from its new FLEXCUBE launch

Oracle Financial Services Software is currently trading at Rs 658, down by 17.50 points or 2.59% from its previous closing of Rs 675.50 on the BSE.

The scrip opened at Rs 677.45, its high till now with a low of Rs 650. So far 15,399 shares were traded on the BSE.

The BSE group ‘A’ IT sector stock touched a 52 week high of Rs 1569 on July 17, 2008 and a 52 week low of Rs 405 on October 27, 2008.

The BSE IT sector index is currently trading at 2,038.82, down by 3.66% from its previous closing.

The price of the scrip has witnessed positive changes of 5.22% since last week and 44.64% since last month.

Oracle Financial Services Software, has launched ‘Oracle FLEXCUBE Direct Banking 5.0’, an internet and mobile banking application that addresses the direct banking needs of financial institutions ranging from traditional brick-and-mortar and click-and-mortar institutions to direct business entities of banks.

The new application caters to a wide range of transactions across corporate, retail as well as investment banking such as funds and wealth services. From a single physical installation, Oracle FLEXCUBE Direct Banking 5.0 supports multiple entities that cater to the multi-country, multi-jurisdiction and multi-business needs of financial institutions.

Banks that are looking to deliver channel services efficiently and use a channel platform to help integrate heterogeneous host systems infrastructure can use Oracle FLEXCUBE Direct Banking’s strong integration capabilities that are based on industry standards.