Redwood Shores, Calif. - Jan. 31, 2012
Banque Pour Le Commerce Exierieur Lao Public (BCEL) is preparing to implement Oracle FLEXCUBE Universal Banking on Oracle Exadata Database Machine to modernize its core banking system. BCEL's core banking modernization project is a critical milestone in increasing the bank's efficiencies around risk and growth management, while improving overall profitability of the business in a highly converging industry.
"Financial services organizations around the globe face a common set of business challenges as they seek new ways to better serve customers, differentiate themselves in the market, expand business intelligence and reduce overall organizational risk," said Frank Brienzi, senior vice president and general manger, Oracle Financial Services. "Oracle is dedicated to helping banks meet these challenges head on through industry leading hardware and financial services-specific applications that enable organizations to achieve new levels of efficiency, insight and performance."
Supporting ResourcesOracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com.
About Oracle in IndustriesOracle industry solutions leverage the company's best-in-class portfolio of products to address complex business processes relevant to financial services, helping speed time to market, reduce costs, and gain a competitive edge.
Oracle Financial Services and Insurance Forum
Oracle will demonstrate its leadership and vision for the
financial services and insurance industries at the
3rd Annual Oracle Financial Services & Insurance Forum,
on February 7, 2012 in New York City. Attendees can hear
Mark Hurd, Oracle President, speak on Oracle's strategy for
both industries, as well as participate in breakout
sessions on high-level industry topics.
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
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