Oracle FS gains core banking tech clients in Europe and Africa

Oracle FS has landed new-name deals for its Flexcube core banking system in Portugal and Nigeria.

New core banking tech deals for Oracle FS

In Portugal, Caixa Economica da Misericordia de Angra do Heroismo (Caixa Economica Bancaria CEMAH), a banking institution with a 125-year history of serving retail, SME and corporate clients, has signed for a range of solutions from Oracle FS.

These are Flexcube Universal Banking, Oracle Banking Digital Experience, Oracle Banking Originations, Oracle Banking Branch, Oracle Banking Corporate Lending, Oracle Banking Enterprise Limits and Collateral Management, Oracle Banking Payments, Oracle Banking Treasury Management and Oracle Banking Extensibility Workbench.

In Nigeria, the deal is with a start-up bank, FinTech Futures understands, called Signature Bank.

In its latest financial results, the vendor refers to an unnamed Nigerian bank that has opted for Flexcube Universal Banking, Oracle Banking Branch, Oracle Banking Originations, Oracle Banking Payments, Oracle Banking Extensibility Workbench and Oracle Financial Services Analytical Applications. This is understood to be Signature Bank.