EGAR TECHNOLOGY EXPERIENCE OF ORACLE FLEXCUBE IMPLEMENTATION PRESENTED AT THE ORACLE APPSFORUM IN SKOLKOVO

The experts of the EGAR Technology Vendors’ Practices Department, specializing in Oracle FLEXCUBE product lines, took part in the round table for representatives of banks, which was held in the framework of the largest annual business forum – Oracle AppsForum on March 27, 2013 at the Moscow School of Management SKOLKOVO.

The moderator of the Round Table organized by Oracle in partnership with KPMG, was Andrei Larshin, the regional representative of Oracle Financial Service GBU in Russia.

One of the three main reports of the event was presentation by the Expert of Oracle Financial Service GBU Alexander Kozorezov “Transformation of banks under the current requirements of the market. Solutions on the Oracle FLEXCUBE platform».

The presentation focused on the new capabilities and features of the introduction of the Oracle FLEXCUBE automated banking system, and was based, inter alia, on the long experience of localization, functional development and support of the system gained by EGAR Technology experts in the projects for lending organizations in Russia and Ukraine. Specially mentioned was the project of the implementation of Oracle FLEXCUBE, implemented by ​​EGAR Technology in a record nine-month period in one of the banks in Azerbaijan.

After the official part of the Round Table EGAR Technology and Oracle experts answered the questions from the audience, which included representatives of the largest Russian banks. Along with interest to the traditional range of issues raised by the universal banks were actively discussed a variety of delivery channels of financial services and mobile banking.

Oracle FLEXCUBE is a universal solution for the automation of banking operations, which is used in more than 125 countries around the world and meets the actual needs of retail, corporate and investment banking.

Possibilities of Oracle FLEXCUBE for servicing loans, deposits, payments, support of treasury operations and trade financing allow banks to process the full life-cycle of operations and to conduct business 24x7x365. The flexibility of Oracle FLEXCUBE technological platform provides rapid promotion of new approaches and strategies to business, fully implements the concept of “food factory” and opens the way to an extremely fast way to market. The latest generation of Oracle tools developments also provides banks with innovative opportunities for self-development and modification of system functions.

According to participants of the Round Table, the dialogue of banks and technological companies passed in a comfortable and friendly atmosphere, and outlined topics for further more in-depth study for many of the contacts.