Italian lender Invest Banca has deployed Oracle FLEXCUBE core banking platform, which was localised and integrated by banking outsourcer Cabel Industry.
Cabel and Oracle have been working to localise the Oracle FLEXCUBE solution since 2016 to enhance the process of marketing new products and services to the Italian market.
Recently, the Oracle FLEXCUBE solution has been modified as per the Italian banking regulations and is now fully able to support the typical activity of the banking system in Italy.
Invest Banca managing director Stefano Sardelli said: “We went live with this Open Banking Platform May 7th and Oracle FLEXCUBE now allows us to easily and efficiently integrate with a series of specialized solutions already in use by our retail and institutional clients, but moreover, it allows us to keep apace with ever more demanding banking regulations, such as MiFID, PSD2 and GDPR.
“It also facilitates our interaction and experimentation with the latest technology advances such as Robo-Advisor, artificial intelligence, data science, social trading and blockchain.”
Oracle stated that Cabel implemented the Italian version of Oracle FLEXCUBE, which supported integration in an already live and running banking system covering other banking operations.