Mumbai, June 30 : National Bank of Cambodia has selected Oracle Flexcube as the banking platform for its operations, Oracle Financial Services Software, a majority-owned subsidiary of Oracle, announced today.
As the regulator, National Bank of Cambodia plays an important role in the design and implementation of the financial sector development program for the Kingdom of Cambodia.
National Bank of Cambodia's implementation of a new, integrated core banking system is viewed as a critical component of the development programme and has the ongoing support of the Asian Development Bank.
Oracle Flexcube will help automate the Bank's current processes for operations across deposits, loans, foreign exchange, money markets, securities, funds transfer and asset management, an Oracle release here said.
The project includes two local partners -- interFlex Company Limited and Neeka Limited. interFlex will provide the Bank with environmental software and implementation services for the core banking implementation. Neeka, part of the Thakral Group of Companies, will provide the hardware infrastructure and support services for the project.
--- UNI
As the regulator, National Bank of Cambodia plays an important role in the design and implementation of the financial sector development program for the Kingdom of Cambodia.
National Bank of Cambodia's implementation of a new, integrated core banking system is viewed as a critical component of the development programme and has the ongoing support of the Asian Development Bank.
Oracle Flexcube will help automate the Bank's current processes for operations across deposits, loans, foreign exchange, money markets, securities, funds transfer and asset management, an Oracle release here said.
The project includes two local partners -- interFlex Company Limited and Neeka Limited. interFlex will provide the Bank with environmental software and implementation services for the core banking implementation. Neeka, part of the Thakral Group of Companies, will provide the hardware infrastructure and support services for the project.
--- UNI
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