Pan-African bank Ecobank Transnational has implemented Oracle Flexcube Universal Banking and Direct Banking solutions, as well as Oracle Financial Services Risk Analytics, to standardise its processing platform across its affiliates in 30 sub-Saharan African countries. Enabling Ecobank to service more than 7 million customers via more than 1,100 bank branches represents Oracle Flexcube’s largest multi-country implementation in Africa to date.
The first phase of the project involved the migration of Ecobank’s affiliates in Nigeria, Ghana, Benin and Togo to Oracle Flexcube. Oracle worked with Ecobank to standardise the business and change management processes and the corresponding roll-out methodology. Oracle also created a central help desk function to facilitate a smooth migration. By November 2011, Ecobank had successfully rolled out Oracle Flexcube across an additional 26 countries, replacing older banking applications and legacy systems.
Arnold Ekpe, chief executive officer (CEO), Ecobank Transnational Incorporated, said: “Ecobank is committed to service excellence and efficiency through the use of best-in-class technology. By deploying Oracle Flexcube, we have aligned our network to provide superior service and a consistent experience for our customers across the African continent.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.