Bank of Valletta Modernising Core Banking Software With Oracle FSS’s Flexcube

Bank of Valletta Modernising Core Banking Software With Oracle FSS’s Flexcube
23.01.2017 11:00 am

Bank of Valletta Modernising Core Banking Software With Oracle FSS’s Flexcube

Core Banking

Malta-based Bank of Valletta (BOV) is modernising its core banking software with Flexcube from Oracle FSS.

 

The new solution will “underpin all of the bank’s corporate and retail bank offerings across multiple channels,” according to Taddeo Scerri, BOV group chairman.

It will replace Temenos’ T24 core banking system. Temenos was chosen by the bank in 2010 to replace a legacy solution, Profits, supplied by another banking software supplier, Intrasoft International.

The bank’s CEO, Mario Mallia, adds that Flexcube will improve BOV’s customer service, enable “simpler access to information and service” and provide “seamless navigation across channels”.

He adds that the broader modernisation project has been underway at BOV for two years now, including establishing the business, security and IT requirements.

The implementation of Flexcube is not an isolated IT project but is intrinsically linked to the bank’s strategy, Mallia states.

Other Flexcube users in Malta are FIMBank (international trade finance specialist) and Pilatus Bank (private and commercial banking for high net-worth individuals and financial institutions in Europe, Asia, and the Americas).

Last year, another bank in Malta, APS Bank, completed a major technology overhaul – it went live with the ICBS system supplied by a Lebanese banking software vendor BML Istisharat.

ICBS ousted the aforementioned Profits system from Intrasoft International. Oracle FSS also bid for this deal, but lost to BML.

Related News

Mogadishu-based Amana Bank Signs Comprehensive Software Deal with Path Solutions

Amana Bank, a leading Islamic bank in Somalia today announced that it has selected ... Read more »

Temenos Cloud-native, Cloud Agnostic Core Banking Technology Supports Banco del Sol to Quickly Launch a New Bank

Temenos (SIX: TEMN), the banking software company, today announced that Banco del Sol has gone live with ... Read more »

Thought Machine and TruNarrative collaborate on resilience and core banking innovation for Atom bank

Thought Machine, the cloud native core banking technology firm, today announced it has teamed up with RegTech leader TruNarrative to provide... Read more »

LeanDev rebrands as Vilja

For years, LeanDev has achieved great success with their cloud-based platform for banks and credit institutions. It has helped customers like Visma Finans, SevenDay Bank, OPR... Read more »

Thomson Reuters enhances Strategic Partnership with Path Solutions for ONESOURCE centralized tax solution

Thomson Reuters, provider of the industry’s most powerful tax and accounting technology for corporations, and Path Solutions, provider of intelligent software solutions to... Read more »

Africa and Gulf Bank selects Path Solutions for strategic Islamic core banking implementation

In line with its new vision to fuel innovation, Africa and Gulf Bank (“AGB”) in Sudan has signed an agreement with Path... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel