Oracle and i-flex solutions Announce Full Oracle Stack Support for IBM System z Mainframe Platform Provides Banks with Added Reliability, Flexibility and Security; Extends

IBM Mainframe

Investments to Enhance Business Operations



    REDWOOD SHORES, Calif., June 28 /PRNewswire-FirstCall/ -- Oracle and
 i-flex solutions today announced general availability of i-flex's FLEXCUBE
 for Corebanking on the IBM System z mainframe, running on Linux with the
 Oracle infrastructure software stack -- including Oracle(R) Database and
 Oracle Application Server. By supporting IBM System z mainframe, Oracle and
 i-flex provide banks, running critical core business applications on the
 mainframe, new flexibility to take advantage of industry-leading i-flex and
 Oracle technology.
     (Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )
     This offering, which delivers the enhanced reliability, agility and
 security that the banking industry requires, builds on the October 2006
 Oracle, i-flex and IBM announcement of an agreement to provide joint
 banking customers with cohesive infrastructure, services and support for
 enterprise applications, core banking and risk management. Expanding on
 customer options, FLEXCUBE for Corebanking is also compatible with IBM
 System z mainframe operating systems.
     "Financial institutions are balancing requirements to control global
 costs while enhancing responsiveness to rapidly capitalize on new growth
 opportunities," said Rajesh Hukku, Senior Vice President and General
 Manager, Oracle Financial Services Global Business Unit and Chairman at
 i-flex solutions. "Oracle's increased leverage of the i-flex core banking
 applications to provide support for zLinux reflects the company's
 commitment to provide financial services companies with applications and
 additional mainframe options that help accelerate development of new
 products and services while and enhancing the value of existing systems."
     About i-flex solutions
     i-flex(R) solutions (Reuters: IFLX.BO and IFLX.NS), majority owned by
 Oracle, is a world leader in providing IT solutions to the financial
 services industry, with more than 750 customers in over 125 countries. Its
 range of applications software, custom solutions and consulting services
 enable financial institutions to cut costs, respond rapidly to market
 needs, enhance customer service levels and mitigate risk.
     About Oracle
     Oracle (Nasdaq:   ORCL) is the world's largest enterprise software
 company. For more information about Oracle, visit our Web site at
 http://www.oracle.com.
     Trademarks
     i-flex and FLEXCUBE are registered trademarks of i-flex solutions.
 Reveleus, Daybreak, Mantas and PrimeSourcing are trademarks of i-flex
 solutions and are registered in several countries. Oracle is a registered
 trademark of Oracle Corporation and/or its affiliates. Other names may be
 trademarks of their respective owners.
 
 

SOURCE Oracle Corporation
RELATED LINKS
http://www.oracle.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.