Oracle has announced general availability of the newest release of its flagship core banking application, Oracle FLEXCUBE V14. With FLEXCUBE V14, banks now have the choice of either deploying a pre-configured offering for a comprehensive solution or updating one line of business at a time. With this new release, Oracle now offers banks more choices to seamlessly integrate functionality to their pre-existing architecture with specialized components for originations, collections, pricing, liquidity management, lending and payments.
According to Oracle, as banks look to further enhance customer relationships by bringing integration between business and financial lifecycles, FLEXCUBE V14 provides the advantage of more than 1,000 APIs to expedite initiatives.
Banks using FLEXCUBE V14 can explore options to integrate with corporates, third party service providers, vendors, other banks and networks.
This release of Oracle FLEXCUBE also features new machine learning and blockchain adapters. The new machine learning adapter enables access to intelligence ingrained in the enterprise to drive process optimization, better decision making, and deliver operational and cost benefits. Separately, seamless connectivity between Oracle FLEXCUBE and other banks is made possible through FLEXCUBE V14’s blockchain adapter, which enables more fluid straight-through processing and high fidelity information exchange.
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