Latest Oracle Financial Services Software Limited News: Finextra Research

Korea Exchange Bank licenses Mantas AML software

I-flex subsidiary Mantas has signed Korea Exchange Bank to its anti-money laundering and compliance technology.

22 May 2007

Finextra50 rebounds to 99.92

The Finextra50 Financial Technology Index closed up .79% at 99.92 on Friday, as many fintech stocks rose on positive earnings announcements and Thomson's acquisition of Reuters began to look more certain. SimCorp and S1 were the biggest gainers, while Vasco Data Security and i-flex had the biggest falls.

21 May 2007

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Finextra launches Finextra50 fintech index

The Finextra50 Financial Technology Index is a free-float value weighted index of the world's leading companies that provide technology-based products and services to the financial services industry. It was set at an indexed value of 100 at market close on Friday 4th May 2007. Our weekly update on the index's movements will provide a framework for analysing trends in the financial technology market, particularly vendor consolidation - a trend that shows no sign of slowing down.

11 May 2007

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Oracle forms financial services software unit

Oracle is establishing a new business unit focused on developing applications for the financial services industry. The new division will be headed by Rajesh Hukku, the current chairman and managing director of its majority-owned i-flex solutions subsidiary.

01 May 2007

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Allied Irish implements Flexcube for retail banking

Allied Irish Bank (AIB) is deploying the Flexcube core banking package from Indian vendor i-flex solutions to overhaul and streamline its retail banking operations.

10 April 2007

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FirstBank of Nigeria to roll out Mantas anti-money laundering software

FirstBank of Nigeria, the country's largest bank, is implementing anti-money laundering and fraud detection technology from i-flex subsidiary Mantas.

29 March 2007

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I-flex signs Bank Danamon to Flexcube

Indonesia's Bank Danamon is rolling out the Flexcube core banking platform from Indian fintech vendor i-flex solutions across its 1200 branches.

27 March 2007

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I-flex and Oracle ink People's Bank core banking contract

Connecticut-based People's Bank has awarded a contract for the replacement of its core deposits system to a joint tender from i-flex solutions and Oracle.

17 January 2007

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I-flex acquires Capco's Singapore unit

Indian financial IT vendor i-flex solutions has signed a definitive agreement to acquire the Singapore subsidiary of financial services consultancy Capco.

04 January 2007

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Oracle ups i-flex offer

Oracle has raised its bid for Indian banking software vendor i-flex solutions to around $1.3 billion, in what the US firm says is its final offer.

11 December 2006

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I-flex targets US community banks with FSI alliance

Indian fintech vendor i-flex solutions is teaming with New Jersey-based Financial Services Incorporated to deliver a hosted version of its Flexcube core banking platform to community banks in the US.

17 November 2006

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Philippine National Bank signs with HP for global banking systems overhaul

As part of a three year overhaul of its global retail banking operations, the Philippine National Bank (PNB) is implementing i-flex solutions' core banking technology Flexcube, which will run on a hardware infrastructure provided by HP.

12 September 2006

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