Oracle wins Flexcube deal in Germany
Technology firm Oracle has won new a deal for its Flexcube core banking system in Germany.
E-money institution Paymentworld picked up Flexcube as well as Oracle’s Banking Digital Experience, Banking APIs and Banking Payments services.
The firm offers online IBAN accounts, an omni-channel payment gateway, and a white label e-wallet solution.
It holds a licence issued by the Malta Financial Services Authority (MFSA) passported within the EU and EEA.
Oracle revealed the deal in its update for Q1 of the 2021 financial year. The vendor claims to have signed license deals of $29.5 million with customers in 32 countries over the period.