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102 Results from "Oracle Financial Services Software Limited"

/regulation

I-flex to acquire AML vendor Mantas for $122.6m

Indian financial software firm i-flex solutions has signed a definitive agreement to acquire Mantas, a US provider of anti-money laundering (AML) and compliance technology, for $122.6 million.

/wholesale

HSBC to standardise investor services TA business on i-flex Flexcube

HSBC is to replace multiple transfer agency and investor services systems across Asia and the Middle East with a single platform supplied by Indian core banking vendor i-flex.

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Operational risk management market to hit $1.38bn by 2010

Bank spending on operational risk management (ORM) software and services is set to grow at a compound annual growth rate of 4.7% to reach $1.38bn by 2010, according to an annual study released by Chartis Research.

/retail

I-flex signs three Chilean banks to Flexcube

Indian fintech vendor i-flex has signed Chile's Banco del Desarrollo, Banco Security and Banco Internacional to its flagship core banking platform, Flexcube.

/retail

I-flex reports record $25 million quarter for new license fee sales

Indian core banking systems vendor i-flex is reporting a 57% year-on-year increase in revenues for the third quarter ended December 2005, boosted by a record $25 million in license fee signings.

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Citigroup signs for Reveleus Basel II package

Citigroup is implementing risk management technology from i-flex subsidiary Reveleus to comply with the forthcoming Basel II capital regulations.

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I-flex signs Panama's Bladex

India's i-flex solutions has signed Banco Latinoamericano de Exportaciones (Bladex), a Panama-based bank specialising in foreign trade, to its core banking software and services.

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I-flex wins Bulgarian bank deal

Bulgaria's First Investment Bank has contracted with India's i-flex for the supply of a core banking platform based on its Flexcube technology.

/Sibos

Vietnam's Indovina Bank to implement i-flex's Flexcube

Indovina Bank, a joint venture between Industrial and Commerical Bank of Vietnam and Cathay United Bank, is deploying i-flex solutions' core banking platform, Flexcube, across its Vietnamese branches.

/Sibos

IBM and i-flex win $49m Canara Bank contract

India's state-run Canara Bank has awarded a branch automation contract, worth Rs2.15bn ($49.4m), to a joint tender from IBM and i-flex solutions.

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Oracle to acquire majority stake in i-flex

Oracle has confirmed it is acquiring a majority stake in Indian banking software company i-flex solutions for as much as $909 million.

/Sibos

Oracle in talks to buy Citi's stake in i-flex

Oracle is in talks to buy Citigroup's controlling stake in Indian banking software vendor i-flex solutions in a deal that could be worth more than $650m, according to a Financial Times report.