Azerbaijan-based Bank Technique has deployed Oracle financial services solutions including FLEXCUBE and Analytical Applications to help increase its market share in mobile and online banking sector.
The bank has replaced its Temenos T24 core banking platform with the new Oracle FLEXCUBE Universal Banking to focus on core objectives for growth.
Oracle FLEXCUBE Direct Banking platform has been implemented to provide the bank’s 150,000 corporate and retail customers an opportunity to perform banking transactions on their mobiles.
The Oracle Financial Services Data Foundation platform is also being used by the bank to consolidate the data spread across multiple disparate systems.
To manage their data and measure risk effectively, the bank is also using Oracle Financial Services Analytical Applications Infrastructure.
The bank is initially deploying the Oracle FLEXCUBE, which will be followed by the Oracle Financial Services Data Foundation and Analytical Applications.
The implementation is being done by EGAR Technology, Oracle’s PartnerNetwork Specialized Platinum level member.
Bank Technique board chairman and CEO Ulvi Mansurov said with the Oracle FLEXCUBE core banking platform, Oracle Data Foundation and Oracle Analytical Applications, Bank Technique will grow its market share in a way that would have been impossible with the previous technology infrastructure in place.