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    Default Oracle launches Flexcube Banking 11.0

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    Oracle Financial Services Software Friday announced a new release of Oracle Flexcube Universal Banking.

    This brings together Oracle's vast experience in supporting banks in more than 125 countries and with a combined asset base in excess of 30 trillion dollars, said a bank release.

    Oracle Flexcube Universal Banking release 11 provides complete support for the lending, leasing and mortgage lifecycle across origination, servicing and collections. It helps banks improve their reach and generate fee-based income through better intermediary and broker-aided distribution of products to target segments, claimed the banking company.

    "Improving their reach and generating fee-based income through enhanced origination and distribution is at the top of the 2010 agenda for banks," said Joseph John, Executive Vice President, Banking Products, Oracle Financial Services Software.

    "Oracle Flexcube Universal Banking release 11 marks a significant milestone, providing unmatched extensibility and integration capabilities combined with operational support. It builds on our proven track record and expertise in providing banks with core banking software solutions," John added.

    With the help of 2,000 plus web services, 800 plus file-based feeds and more than 900 call outs for extensibility, Oracle Flexcube customers have the flexibility to set up their operations based on the unique needs of the business while also benefitting from more than 25,000 existing integrations from previous deployments of the application around the world.


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