PH rural bank taps Oracle’s FlexCube

PH rural bank taps Oracle’s FlexCube
Posted at 01/05/2015 1:19 PM

MANILA, Philippines – A rural bank in northern Luzon has chosen Oracle’s FlexCube Universal Banking solution to modernize its operations.

Rang-ay Bank, one of the leading rural banks established in 1956 in the Philippines, has selected Oracle FlexCube Universal Banking to help consolidate its operations and transform how it delivers services to its customers.

Rang-ay Bank will have a single, centralized system for its critical banking operations and the capability to consolidate and automate multiple business functions.

Oracle FlexCube will replace the bank’s legacy system and deliver a single operating platform to connect, view, and manage multiple businesses and customer transactions from the growing number of Rang-ay Bank’s branches across Luzon.

After it has migrated to FlexCube, Rang-ay Bank can have the capability to join the ATM consortium in the country.

“Rang-ay Bank has provided modern banking services to the countryside since 1956 and is committed to being an effective partner of the government in the development of local communities, thereby enhancing greater financial inclusion. We have to step up and deliver services that meet the changing expectations of our clients. We are renewing our systems for core banking,” said Ives Nisce, President and CEO, Rang-ay Bank.

“We are confident Oracle Business Process Services delivered by our partner can provide a very robust, secure processing environment for Bank. This also enables the bank move to an opex model to deliver higher operational efficiency and leverage resources outside the bank,” said Venkatesh Srinivasan, vice president, sales, Asia Pacific, Oracle Financial Services.