The new Release 11.0 has the best of Oracle's its vast experience in supporting banks in more than 125 countries and with a combined asset base in excess of 30 trillion dollars made, the company said in a statement on Friday, Jan 8.
The customers will gain from more than 25,000 existing integrations from previous deployments of the application around the world, with 2,000 plus web services, 800 plus file-based feeds and more than 900 call outs.
FLEXCUBE Universal Banking release 11 provides complete support for the lending, leasing and mortgage lifecycle across origination, servicing and collections, it added.
To provide customers with secure access to an instance of Oracle FLEXCUBE for a first hand feel for how easy it is to integrate with the application using existing web services, the company has also launched Oracle FLEXCUBE Integration Lab.
Using the new release will help the banks cut operational risks, lower costs, and enhance customer service, the company claimed.