An article relating to this blog post on Finextra:
NAB selects Oracle to manage IT overhaul
National Australia Bank (NAB) has recruited Oracle to manage the roll out of the first phase of a A$1 billion overhaul of its core banking operations.
See article
After news earlier this month that National Australia Bank had recruited Oracle to manage the roll out of the first phase of a A$1 billion overhaul of its core banking operations, it's not surprising that I-flex, majority owned by Oracle, will be providing
the new core banking system.
However,
The Economic Times in India reported some more detail yesterday on I-Flex's involvement. As a subset of the larger Oracle deal, I-Flex has apparently signed a five-year contract from National Australia Bank (NAB), estimated at $90 million.
Sources told the Economic Times that besides its core banking solution, i-flex will provide support activities such as professional and application management services and analytics. Its role may also include consulting.