Bank adopts Flexcube system

Nam A Bank on June 22 began using the Flexcube a core-banking system at all Nam A’s transaction networks across the country.

The Flexcube core-banking system was adopted after over 15 months’ extensive tests by more than 60 IT experts from Nam A Bank and its partners such as Oracle, HP, FPT-IS Bank and Ocean Technology.

The bank has invested some VND85.5 billion (US$4.5 million) in this system, which has been built on the Service-Oriented Architecture (SOA) platform of Flexcube, the latest and most advanced architecture of core banking.

During the ceremony yesterday, Nam A also announced the expansion of its registered capital from VND1.25 trillion ($65.9 million) to VND2 trillion ($105 million) on June 4. — VNS

Tags: core banking, Flexcube, Nam A Bank

Posted by VBN on Jun 24 2010. Filed under Banking-Finance, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry