Nile Bank selects Oracle as new core banking provider
Oracle has a new user of its Flexcube solution in Sudan’s Nile Bank.
The deal arrives after the country’s 17-year sanctions imposed by the US were lifted.
The bank will be installing Oracle Flexcube, alongside Oracle implementation partner Profinch’s data platform FinCluez and automation platform FinFlowz.
“Flexcube will help modernise the bank’s core systems and transform the bank to a digital, agile and connected Bank,” writes Profinch of the deal on LinkedIn.
FinTech Futures understands six vendors competed for the deal: ITS, ICS, Path, temenos, Finastra and Oracle FSS. The finalists were Oracle FSS and Temenos.
Oracle revealed in August that it had signed licencing deals worth $29 million with customers in 35 countries during Q2 2019.
The vendor was also first choice for new Libyan bank Yaqeen Bank, which opted for Flexcube in June.