Caribbean Development Bank, a multilateral development bank that is headquartered in Barbados and provides development loans and grants throughout the Caribbean region, has implemented Oracle Flexcube Universal Banking, Oracle Financial Services Software announced today.
Oracle FLEXCUBE Universal Banking is helping to meet Caribbean Development Bank's need for a best-in-class lending platform to more effectively and efficiently manage its business.
The bank is using Oracle FLEXCUBE Universal Banking to reduce manual processes and streamline its operations, enforce better control and reporting, and meet the needs of its customers with flexible product offerings.
Using the application, Caribbean Development Bank is in the process of restructuring its operations to significantly improve its business processes and achieve faster processing of its loans and grants.
Oracle FLEXCUBE Universal Banking is also helping the bank to capture the data needed to more effectively regulate the business.
As part of establishing a modern, state-of-the-art technology infrastructure, Caribbean Development Bank has also implemented the Oracle Database, Oracle SOA Suite and Oracle Business Intelligence Suite Enterprise Edition Plus (OBI EE Plus).
"Caribbean Development Bank is one of the well respected financial institutions in the region and we appreciate the opportunity to help them achieve significant process optimization and deliver meaningful value to the institution with Oracle FLEXCUBE Universal Banking," said George Thomas, Vice President, Customer Fulfillment - Americas, Oracle Financial Services Software.