Oracle unveils Oracle Flexcube Universal Banking

Oracle Financial Services Software, a majority owned subsidiary of world’s largest business software company – Oracle Corporation – has unveiled Oracle Flexcube Universal Banking to help banks increase operational efficiency, enhance customer experience and reduce costs.

Oracle Flexcube Universal Banking, a SOA-enabled application, is a comprehensive, back-office banking application that enables multi-entity, multi-product processing globally, and provides full support for business processes.

It will help customers to address business requirements, streamline processes, integrate easily with disparate systems and incorporated new services or upgrade existing ones in a phased manner.

Apart from this, the company has also launched Oracle Financial Services Revenue Management and Billing for banking to help banks streamline and automate the revenue management process, reduce loss in fee-based income and provide accurate information clients on bills.

Recently, Oracle had launched new financial services analytical applications for Enterprise Performance Management.