May 25, 2012

[Related: Oracle to Focus on R&D Investment ]

Redwood Shores, Calif.-based Oracle announced that its FLEXCUBE 12.0, the latest version of the Oracle FLEXCUBE core banking platform, will be available this summer.

The updated release includes features that enable banks to deliver more personalized and convenient service to customers across all channels and also offers a harmonized infrastructure and open development environment that allows for more flexible deployment options and upgrade paths, the company said.

The updated release also signifies a strategic shift in the release strategy for the product, with new versions of Oracle FLEXCUBE Universal Banking, Private Banking and Direct Banking being released simultaneously in a pre-integrated manner.

The newest release also provides financial institutions with expanded functionality for self-sales and self-service across multiple channels, including online, mobile, ATM and branch banking, according to Oracle.

The product also features new online capabilities provide spend analysis, alerts and reminders across portfolios and interactions, empowering customers to track expenses and investments and giving them greater control over their finances, says Oracle's Vikram Gupta.

"The customer can set up their own customizable alerts and reminders," adds Gupta. "It makes the interaction with the customer more meaningful." The product also offers enhanced mobile banking capabilities with new versions of applications for the iPhone, iPad, BlackBerry and Java ME devices. Further, banks can now use the solution to provide customers with real-time offers and coupons based on location, for a more personalized experience, Oracle said.

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 ...