Exclusive: Oracle FS lands new core banking tech clients
Exclusive: Banking tech heavyweight Oracle Financial Services (FS) has signed a number of new customers from around the globe for its flagship Flexcube core banking system.
Agrimútuo, a federation of agricultural credit cooperatives in Portugal, has selected Flexcube, it is understood, to modernise its front-to-back office operations. In its latest financial results, Oracle FS refers to “an established Portuguese financial institution” that is implementing Flexcube as well as the software for branches, payments, corporate lending, enterprise limits and collateral management, and onboarding. This is understood to be Agrimútuo.
In Bulgaria, a new Flexcube taker is understood to be Tenen Payments, a payments start-up that received an electronic money licence in the country last year.
Coopeservidores, Costa Rica’s second largest co-operative bank, is also understood to be modernising its tech with Oracle FS’ software. The vendor says an unnamed co-operative in the country will implement its solutions for universal banking, treasury management, trade finance, branch management, payments, corporate lending, limits and collateral management, credit facilities process management, virtual accounts management, and onboarding.
Northern ARC Capital, a systemically important non-banking finance company (NBFC) in India, signed for a suite of products, including core and digital banking, payments, wealth management, and APIs, it is understood.
Finally, the Sierra Leone-based subsidiary of Nigeria’s Keystone Bank has also reportedly opted for Flexcube.
Oracle FS provided no comment.