Community
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.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Denys Boiko Founder at Erglis
20 March
Shawn Conahan Chief Revenue Officer at Wildfire Systems, Inc.
19 March
Marko Maras CEO at Trustfull
18 March
Jose Puccini AVP at BankTrade
17 March
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.