Oracle today announced that Prominvestbank, one of Ukraine's largest commercial banks, has selected Oracle FLEXCUBE Universal Banking to standardize business processes and centralize banking operations, as well as provide real-time access to accurate information across the board.
Oracle FLEXCUBE will allow the bank to better serve its 116,000 corporate customers and three million customer accounts, across more than 600 physical outlets, and support competitive growth.
With a focus on corporate banking, Prominvestbank intends to launch retail services. The implementation of Oracle FLEXCUBE will establish a comprehensive technical base from which to build these services.
Additionally, Oracle FLEXCUBE will centralize data on customer activity, removing the issue of multiple instances of applications and databases, and providing accurate data.
Working with Oracle's local reseller partner JSC Sitronics, Prominvestbank was guided by parent company, Russian owned Veneshcenom Bank (VEB), to adopt Oracle FLEXCUBE.