1. Dubai Islamic Bank rolls out Oracle core banking Page 1 of 5
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Dubai Islamic Bank rolls out Oracle core banking
By Mark Sutton on Wednesday, July 30, 2008
http://www.itp.net/news/526273-dubai-islamic-bank-rolls-out-oracle-core-banking 5/13/2009
2. Dubai Islamic Bank rolls out Oracle core banking Page 2 of 5
Dubai Islamic Bank has completed the roll out of Oracle's Flexcube
core banking system to improve its product range and customer
service.
The Flexcube solution, which includes retail, corporate and investment
banking solutions, will allow the bank to quickly roll out new products and to
be able to provide a higher standard of customer services.
The banking solution was deployed
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during a twenty month long project
Dubai Islamic Bank fights
carried out by Oracle's financial
money laundering
services company Oracle i-flex
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solutions. Flexcube was tailored to
operator
meet Islamic banking standards, and
Dubai Islamic Bank has Scope
the bank's own IT department also
for development
carried out integration work existing
DIB installs intranet system
applications.
DIB complements risk
management
Nadeem Busheri, head of the DIB
Cleaning bills Information Technology department,
said: quot;We have been working on
Nucleus to supply DIB with
finnone module implementing Flexcube for twenty
months, and we are now pleased to
DIB invests in Himalaya boxes
announce that this has been deployed
Malia Group rolls out Oracle E-
Business Suite to boost across our entire network. This system
processes
empowers us with a comprehensive
A Meeting of Minds Islamic banking platform and enables
us to offer leading-edge Islamic
products and services. In addition, it provides us with greater agility for
future product development.quot;
S.Sundarajan, Customer Fulfilment, Senior Vice-President, Banking
Products, i-flex solutions, said: quot;We are very happy that DIB has gone live
on Flexcube. Our association with DIB, one of the oldest and most
respected Islamic banks, is an acknowledgement of Flexcube's ability to
meet Sharia requirements. We are confident that this implementation will
enable DIB to meet the expectations of its customers for Islamic banking
products that compare in innovativeness and versatility with the best that
conventional banking can offer.quot;
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3. Dubai Islamic Bank rolls out Oracle core banking Page 3 of 5
Imthishan
Giado
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