Oracle FLEXCUBE Universal Banking 11.0 Released

Oracle Financial Services Software has announced a new release of Oracle FLEXCUBE Universal Banking.

Along with this release, Oracle is also launching the ‘Oracle FLEXCUBE Integration Lab’ to provide customers with secure access to an instance of Oracle FLEXCUBE in order to get a first hand feel for how easy it is to integrate with the application using existing web services.

Oracle FLEXCUBE Universal Banking release 11 provides complete support for the lending, leasing and mortgage lifecycle across origination, servicing and collections. Oracle FLEXCUBE release 11 has business intelligence support and integration with Oracle Reveleus as well as Oracle Mantas’ Know Your Customer, Anti Money Laundering and Fraud.

As a result of integration with Oracle Enterprise Manager, customers can now manage the Oracle Database, Oracle Fusion Middleware components, as well as the Oracle FLEXCUBE application from a single console.

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“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."