i-flex solutions, a provider of IT systems, has announced that PT Bank Danamon Indonesia has gone live on Oracle’s Flexcube, for its micro financing network known as ‘Danamon Simpan Pinjam’.
The Danamon Simpan Pinjam (DSP) business network serves the micro and small scale enterprises segment. All DSP products, processes, branch offices and services are designed and developed to cover the needs of micro and small entrepreneurs.
Kanchan Nijasure, CIO of Danamon, said The DSP business is strategic to Danamon’s vision to ‘enable millions to prosper’. This segment needs solutions that are specifically designed for them delivered with the same speed, convenience and completeness as conventional banking. We are extremely pleased with the successful, record time conversion to Flexcube. It is a remarkable achievement and will enable us to serve and grow this segment better.