Oracle and i-flex solutions have unveiled i-flex's FLEXCUBE
for Corebanking on the IBM System z mainframe, running on Linux with the
Oracle infrastructure software stack -- including Oracle(R) Database and
Oracle Application Server. By supporting IBM System z mainframe, Oracle
and i-flex provide banks, running critical core business applications on
the mainframe, new flexibility to take advantage of industry- leading
i-flex and Oracle technology.
This offering, which delivers the enhanced reliability, agility and
security that the banking industry requires, builds on the October 2006
Oracle, i-flex and IBM announcement of an agreement to provide joint
banking customers with cohesive infrastructure, services and support for
enterprise applications, core banking and risk management. Expanding on
customer options, FLEXCUBE for Corebanking is also compatible with IBM
System z mainframe operating systems.
"Financial institutions are balancing requirements to control
global costs while enhancing responsiveness to rapidly capitalize on new
growth opportunities," said Rajesh Hukku, senior vice president and
general manager, Oracle Financial Services Global Business Unit and
Chairman at i-flex solutions. "Oracle's increased leverage of
the i-flex core banking applications to provide support for zLinux
reflects the company's commitment to provide financial services
companies with applications and additional mainframe options that help
accelerate development of new products and services while and enhancing
the value of existing systems."
About i-flex solutions
i-flex(R) solutions (Reuters: IFLX.BO and IFLX.NS), majority owned
by Oracle, is a world leader in providing IT solutions to the financial
services industry, with more than 750 customers in over 125 countries.
Its range of applications software, custom solutions and consulting
services enable financial institutions to cut costs, respond rapidly to
market needs, enhance customer service levels and mitigate risk.
For more information, call 646/619-5339 or visit
http://www.iflexsolutions.com.
About Oracle
Oracle (NASDAQ:ORCL) is the world's largest enterprise
software company. For more information, visit http://www.oracle.com or
call 650/506-8920.
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