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Nedbank Limited Selects Oracle Core Solution

The South African bank said it is looking to modernize its infrastructure.

South African bank Nedbank Limited announced it has selected Oracle's Flexcube core banking solution to modernize its infrastructure and improve operating efficiency and customer service delivery.

Nedbank said it will to establish a single operating platform for its multi-country operations across five countries -- Lesotho, Malawi, Swaziland, Namibia and Zimbabwe. Nedbank Limited is part of Africa's largest banking network, the Ecobank Nedbank alliance, which has a total of 1,500 branches across 35 countries. Nedbank Limited said it sought to better align its infrastructure with the alliance, much of which is already using the Flexcube solution.

[See Also: Oracle's New Banking Platform Targets Big Banks with Legacy Systems]

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

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