What is FLEXCUBE ?
Oracle FLEXCUBE Universal Banking is a real-time, online, comprehensive banking solution which supports the changing landscape of retail, corporate, and investment banking needs with strong conventional banking and Islamic banking capabilities.
FLEXCUBE addresses various banking challenges, enabling banks to leverage the following benefits in a competitive landscape:
1. Streamline Operations: FLEXCUBE replaces outdated legacy systems with a versatile, all-in-one solution.
2. Customer Insights: It provides banks with a comprehensive view of their customers, aiding in better understanding their needs.
3. Seamless Integration: FLEXCUBE easily integrates with other applications to enhance efficiency and performance.
4. Big Data Processing: The system facilitates centralized processing of large-scale data, enabling better decision-making.
5. Data-Driven Decisions: Analytical tools help banks assess customer requirements for new products and services.
6. Enhanced Support: FLEXCUBE enables high-level customer support to improve overall customer satisfaction.
7. Market Responsiveness: Banks can quickly adapt or replace products based on market and regulatory demands.
8. Omnichannel Banking: It supports seamless delivery of banking products and services across multiple channels.
9. Financial Optimization: FLEXCUBE reduces operational costs and increases revenue for banks.
10. Digital Transformation: By incorporating embedded machine learning and artificial intelligence, FLEXCUBE drives digital innovation, offering valuable insights into client segmentation, attrition, and lifetime value.
Additionally, FLEXCUBE is designed to cater to specific deployment environments based on each bank’s unique needs, while also providing excellent open banking capabilities.
Features of FLEXCUBE ?
The key characteristics of Oracle FLEXCUBE encompass:
1. Adaptive User Interface: A responsive UI that adjusts to different devices and provides a personalized user experience.
2. Comprehensive Banking Capabilities: Core functionalities cater to both traditional and non-traditional banking requirements.
3. Advanced Technology Integration: Inclusion of Machine Learning and Blockchain capabilities for enhanced efficiency.
4. Regulatory Compliance and Data Security: Ensuring data privacy and adherence to regulatory standards.
5. Biometric Face Recognition: Utilizing biometric technology for secure and convenient authentication.
6. Versatile Operations: Supporting multi-language, multi-currency, and multi-entity operations.
7. Flexibility in Deployment: Capability to deploy in various environments and adapt to diverse banking ecosystems.
Benefits of FLEXCUBE
FLEXCUBE replaces legacy systems with a comprehensive and unified solution, leading to increased operational efficiency and reduced complexity.
With a personalized and responsive user interface, FLEXCUBE provides a seamless and engaging experience for customers, enhancing their satisfaction and loyalty.
The platform supports both traditional and non-traditional banking services, enabling businesses to cater to a wide range of financial needs.
FLEXCUBE incorporates Machine Learning and Blockchain capabilities, empowering businesses to make data-driven decisions and enhance security and transparency.