Leading Analyst Firm Positions Oracle® FLEXCUBE in Leaders Quadrant in International Retail Core Banking Report
Oracle FLEXCUBE Core Banking and Oracle FLEXCUBE Universal Banking Applications Recognized for Vision and Ability to Execute
Redwood Shores, CA.-Gartner, Inc. has positioned Oracle FLEXCUBE Core Banking and Oracle FLEXCUBE Universal Banking in the Leaders quadrant of its recent "Magic Quadrant for International Retail Core Banking, 2009” report.1
The Gartner Magic Quadrant positions vendors within a particular quadrant based on completeness of vision and their ability to execute on that vision.
Oracle FLEXCUBE, a SOA enabled solution, caters to corporate, retail and investment banking needs. Its flexible, open standards based architecture coupled with extensive functionality lends agility to banks’ operations and enables them to standardize, consolidate, manage risks and compete in challenging market conditions.
Oracle FLEXCUBE’s flexible process configuration capabilities allow users to configure business processes to suit their needs. Supported by an exhaustive set of web services, Oracle FLEXCUBE can enable process orchestration and ease of integration with other applications.
The applications enable banks to manage increased transaction volume, while providing the flexibility needed to reduce time to market and meet evolving regulatory requirements.
According to Gartner, “This (Leaders) quadrant is occupied by vendors that possess a strong banking market understanding, and most have a measurable strategy for disaggregating core banking software functionality into component-based constructs. Most vendors exhibit highly developed and certified development and delivery of quality methodologies or are executing on a strategic road map to attain certification. Most vendors in this quadrant have extensive marketing delivery and sales channels. Some higher-rated vendors share conspicuous operational organization approaches to key performance indicators and show a clear willingness to own and be accountable for a successful customer experience.”
“Financial institutions around the world rely on Oracle FLEXCUBE to help them meet dynamic business requirements in competitive markets – while improving customer service and cost effectiveness and streamlining regulatory compliance,” said N R K Raman, CEO and Managing Director, Oracle Financial Services Software Limited. “We believe Oracle FLEXCUBE’s placement in the Leaders quadrant provides great recognition of our success in helping customers innovate and adapt to changing needs and business requirements.”
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.