Oman-based alizz islamic bank has deployed Oracle Flexcube for its core banking platform, allowing them to provide corporate and retail banking services and products to their customers.
The solutions deployed by alizz bank include Oracle Flexcube Mobile Banking, Oracle Flexcube Direct Banking and Oracle Flexcube Universal Banking.
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alizz selected Oracle Flexcube because of its ability to support Islamic banking.
Oracle Financial Services Software managing director and CEO, Chet Kamat, said Flexcube offers versatile business functionality for banks.
"Our pre-configured Islamic banking capability combined with a proven implementation track record enables our customers to achieve their business outcomes while effectively managing risk," Kamat added.
alizz islamic bank acting CEO, Jamal Darwiche, said they want to provide an enriching memorable experience to their customers with innovative products and services that are both compatible and up to date with the digital world and support compliance with Shari’a law.
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By GlobalData"Oracle Flexcube helped to enable us to immediately achieve the results we desired, while also providing us with a modern, integrated banking platform that will support future growth. A project of such complexity was executed in a record breaking timeframe of under five months by the joint team," Darwiche added.
