Amana Bank, based in Tanzania, has selected Oracle Flexcube Universal Banking and Oracle Flexcube Direct Banking to develop its core transaction processing system and internet banking capabilities.
The start-up Amana Bank is the first to provide Sharia-compliant banking products to customers in Tanzania.
Oracle was chosen to provide the back-office transaction-processing environment to support a wide range of Islamic financial products and help Amana Bank grow its customer base in the region. With the new system customers will be able to receive SMS alerts to notify them of significant transactions, while advanced security controls will provide access to information in a safe environment, protecting customer data from potential threats.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more