Optimizes business performance across its network of 88 branches.
Azerbaijan-based Kapital Bank has implemented Oracle Flexcube universal banking system to help expand the size and depth of its banking operations across its network of 88 branches.
Oracle Flexcube’s process-centric approach has enabled the bank to optimize business performance by using best practices with an ability to define, implement and monitor the effectiveness of its processes. The system has helped provide the bank with an application platform that enables it to conduct its operations in both domestic and international markets.
Oracle Flexcube has also helped the bank enhance its risk management practices through audit trails and limit tracking across customer segments.
Rauf Razayev, chairman of Kapital Bank, said: We wanted to roll out Oracle Flexcube to help expand the size of our banking operations and completed the project in under 11 months. This solution is a complete banking product suite covering all areas of banking needs and has enabled us to adopt international standards and meet regulatory requirements. Our association with Oracle Financial Services Software, over the past 18 months, has helped us to translate opportunities in the market into tangible results.
Mustafa Moonim, vice president of Europe and Middle East sales at Oracle Financial Services Software, said: Kapital Bank was our first deployment in the country and we had a tremendous success in the joint engagement with the bank. We are very pleased with the outcome for Kapital Bank. Banks in the region have shown great acceptance of Oracle Flexcube and the success at Kapital Bank has helped provide us with the foundation for this achievement.