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.

Ping An Bank in China implemented Oracle FLEXCUBE. The system supports the bank's rapid growth in business and customer base and meets and improves customer service, operations and risk management. The implementation was completed in a record timeframe of 18 months.
Supporting Quotes

"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 Resources
Follow Oracle Financial Services on Twitter
Join the Oracle Financial Services Community on Facebook
About Oracle

Oracle 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 Industries

Oracle 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.

Trademark

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

# # #

Contact Info

Caroline Vespi
Oracle
+1.650.506.8920
caroline.yu@oracle.com

Mary Tobin
O'Keeffe & Company
+1.503.658.7396
mtobin@okco.com

distribué par

Ce noodl a été diffusé par Oracle Corporation et initialement mise en ligne sur le site http://www.oracle.com. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-31 22:09:40 PM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.