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Bank Technique deploys Oracle’s core banking and analytics technologies

Azerbaijan-based Bank Technique has decided to migrate from its Temenos T24 core banking platform to Oracle FLEXCUBE to assist increase market share and multi-channel offerings, including mobile and online banking.

It will also deploy FLEXCUBE Direct Banking, to provide mobile access to 150,000 corporate and retail customers to every product, as well as a 3600 view across all banking channels for a better customer experience.

Additionally, it will add Financial Services Data Foundation for data consolidation scattered across multiple disparate systems; as well as Financial Services Analytical Applications Infrastructure to quickly turn insights into products to meet the changing demands of banking market.

Oracle Financial Services Software managing director and CEO Chet Kamat said the scalable core banking product suite as well as other products will fulfill the bank’s core banking and analytical applications requirements and help to grow multi-channel banking.

The technology upgrade is currently underway and completion is being supervised by Oracle PartnerNetwork (OPN) Specialized Platinum level member EGAR Technology.

Operating in Azerbaijan since 1994, Bank Technique manages 34 branches and 15 sub-branches across the country and has a employee strength of 850.