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Oracle Financial Services Software > Company History > Computers - Software > Company History of Oracle Financial Services Software - BSE: 532466, NSE: OFSS

Oracle Financial Services Software

BSE: 532466|NSE: OFSS|ISIN: INE881D01027|SECTOR: Computers - Software
Jan 17, 16:00
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Company History - Oracle Financial Services Software
 - i-flex Solutions has announced that it will implement its FLEXCUBE
 Universal Banking Solution for TEBA Bank, Midland, South Africa,
 across all branches
 This company was incorporated on September, 27, 1989 as Citicorp
 Information Technology Industries Ltd., or CITIL, under the Companies
 Act. On March 30,2000, this company renamed 
 themselves i-flex Solutions Limited in order to create an 
 independent brand name and build on the success of FLEXCUBE, their
 flagship product brand.
 -Enters into joint venture with EBZ Online, a software company,
 through which I-Flex's product, Flexcube, will be made available to
 cooperative banks
 -Dotex International, a joint venture company supported by NSE.IT and
 i-flex Solutions Ltd,  signs a memorandum of understanding (MoU) with
 BgSE Financials Ltd, a subsidiary of the Bangalore Stock Exchange, to
 give Internet trading service to the members of the exchange
 -ChryosAS@P Services BV, an Amsterdam-based application services
 provider ,implements Flexcube@Broker developed by i-flex to provide a
 trading platform for security brokers to trade on the Euronext
 -Company selected by NDB Bank, Colombo to provide banking solutions
 through its Flexcube corporate and retail products
 -IPO floor price fixed at Rs 530
 -Comes out with Initial Public Offering (IPO) with an issue of
 3,961,700 equity shares, mops up Rs 220 crore
 -Makes trading debut on BSE
 -Aptech teams up with I-Flex Solutions Ltd. to enable its students to
 train on i-flex's proprietary banking product, FLEXCUBE, which is
 among the world's top-two largest selling wholesale back - office
 banking systems
 -Company's mutual funds servicing solution FLEXCUBE Investor Services
 (FCIS) goes live at Shinsei Bank, Japan, replacing the existing legacy
 Japanese system
 -Bags 2 contracts from Egyptian banks
 -Company selected by German banking technology services provider,
 Bank-verlag Koln, to develop a Basel II compliant Internal Rating
 -Signs up with Bank du Caire of Egypt for installation of banking
 product FLEXCUBE
 -i-flex, IBM jointly win Bharat Overseas Bank project to develop
 centralised banking solution
 -North Carolina Department of State Treasurer (NCDST), USA, selects
 i-flex's flagship solution FLEXCUBE to replace its core banking
 legacy system
 -Launches Reveleus, the Business Intelligence & Analytics Division
 -i-flex and HP announce global alliance for hardware and software
 solutions to financial institutions
 -International Monetary Fund (IMF), an international organization of
 184 member countries, selects i-flex's flagship product FLEXCUBE to
 replace its legacy core banking application and operations
 -Interfin Merchant Bank of Zimbabwe Ltd goes live with FLEXCUBE as
 well as the FLEXCUBE Investor Services and FLEXCUBE Dealer modules at
 the bank
 -Becomes the first Indian Software company to be certified according
 to SAS 70 audit standards
 -i-flex voted as Best Newly Listed Company in India in Asiamoney's
 Annual best Managed Companies Poll
 -Opens its first Overseas Software Development Center in Singapore
 -Hebros bank, amongst the top five banks in Bulgaria, selects
 i-flex's flagship product FLEXCUBE
 -Banking and Payments Authority of Kosovo selects i-flex's FLEXCUBE
 -Antwerp Diamond Bank, Mumbai goes live on FLEXCUBE
 -i-flex Solutions - FLEXCUBE Payment Systems Module goes live at
 United Bank for Africa Plc., one of the leading banks in Nigeria
 -Bags 0-mn contract from Citigroup
 -Flexcube powered Client Level Asset Servicing (CLAS) System goes
 live at UBS Warburg, London
 -First Banking Corporation of Zimbabwe selects Flexcube
 -Flagship product FLEXCUBE ranked the world's No.1 selling Universal
 Banking Solution
 -IMF Selects Reveleus for Critical Data Management and Business
 Intelligence Technology
 -Sets up development centre in New York
 -Hungarian Bank ( IC Bank Rt. Budapest) selects i-flex solutions to
 address growing technology needs
 -FLEXCUBE selected as Core-Banking Solution for Kotak Mahindra Bank
 -CEO of i-flex's Netherlands Subsidiary, Senthil Kumar,  who is based
 in London, detained by the UK authorities on request from the Dutch
 -Court releases i-flex's Dutch arm CEO Senthil Kumar on bail
 -Ranks No 1 pure Web-based cash management solutions provider by
 Celent Communications, US-based research and advisory firm for
 financial institutions
 -Straight Through Processing Inc. chooses to implement FLEXCUBE and
 to provide it on an Application Services Provider (ASP) model to
 other banks in the Caribbean region
 -InvestBank, UAE selects I-flex's flagship product Flexcube
 -British court dismisses proceedings over Senthil Kumar
 -Wins a major order from HypoVereinsbank Group (HVB Group), Germany
 -Baiduri Bank Brunei chooses Flexcube as its new Core Banking System
 -During the financial year 2002-03, Polaris, i-Flex and Infosys
 record the fastest topline growth among software companies
 -ACCBank, Ireland, selects I-Flex Solutions' FLEXCUBE as its banking
 solution provider
 -Egyptian American Bank (EAB) selects FLEXCUBE as its core-banking
 -Board approves 1:1 Bonus issue
 -Time Magazine recognizes CMD of i-flex Solutions (Rajesh Hukku) as
 one of the Tech leaders who survived the tech crash
 -Bags order from  Juniper Bank, a full service credit card issuer
 currently managing more than 525,000 accounts
 -Board of Directors allot 3,73,37,500 Equity shares of face value of
 Rs 5/- each as fully paid Bonus Shares
 -Inaugurates FLEXCUBE Support & PrimeSourcing Solutions Centre in
 -Dhanlaxmi Bank selects Flexcube for core banking operations
 - Exhibits at world's premier financial services event Sibos 2003,
 being held at the Suntec City Exhibition Center in Singapore between
 October 20-24, 2003.
 -Flexcube has been selected by the newly launched Asia Fund Services,
 a joint venture between Singapore's leading fund administrators
 Bermuda Trust and United Overseas Bank, one of Singapore's Leading
 -Inaugurated FLEXCUBE Support & PrimeSourcing Solutions Centre in
 -The board approved the acquisition of SuperSolutions Corporation in
 an all cash deal of .5 million. The board of SuperSolutions
 Corporation has also approved the deal.
 -Abu Dhabi Commercial Bank signs contract with i-flex Solutions for
 FLEXCUBE core banking system
 -i-flex opens wholly-owned holding company in US,  i-flex America,
 for carrying out all future acquisitions in the USA
 -i-flex awarded Golden Peacock National Quality Award
 -i-flex-FLEXCUBE sets a new record for scalability, demonstrates
 lowest total cost of ownership for large financial institute
 - I-Flex Solutions ties up with Barbados-based FirstCaribbean
 International Bank on May 3, 2004, and latter will deploy 'Flexcube',
 the internet banking and e-finance platform of I-Flex Solutions
 -i-flex Solutions said that its core banking solution Flexcube had
 won The Banker `Core Banking Solution of the Year and Application of
 the Year'' awards
 -Chile's second-largest bank, Banco de Chile, has selected software
 designed by i-flex for its core retail banking system
 -Nippon Shinko Implements I-flex Solutions's Flexcube
 -YES Bank and I-flex solutions Ltd has signed Global Strategic
 Memorandum to collaborate on technology led innovations to enhance
 quality and efficiency in banking products and delivery processes
 -i flex - Reveleus signs up North America's Mortgage lending leaders
 for advanced analytics
 -i-Flex join hands with PeopleSoft to develop and market an
 integrated solution for the banking industry
 - I-flex Solutions Ltd signs agreement with Ta Chong Bank, Taiwan on
 April 19, 2005 for implementation of the Company's FLEXCUBE and
 Reveleus TM software product suites at Ta Chong Bank.
 - Enters into strategic alliance with Castek Software Inc., a Toronto
 based provider of insurance systems for the global Property & Casualty
 (P&C) insurance industry.
 -I-flex solutions Ltd and EDB Business Partner ASA have entered into
 an agreement to jointly offer comprehensive retail banking solutions
 to financial institutions in the Nordic region
 -i-flex Solutions - HSBC signs agreement for FLEXCUBE Investor
 Services Solution
 -i-flex Solutions Ltd has informed that Oracle and i-flex Solutions
 has announced certification of i-flex applications with Oracle
 Application Server 10g, a component of Oracle Fusion Middleware.
 - i-flex Solutions & Oracle Announce Certification of iflex's
 FLEXCUBE with Oracle Access Manager.
 -i-flex Solutions - Equinox announces the Launch of iGPM - a
 Paperless Global Processing Model for Mortgage Bankers
 -i-flex Solutions Launches FLEXCUBE Lending Suite
 -i-flex Solutions Ltd has informed that the name of the Company has
 changed from i-flex solutions Ltd to Oracle Financial Services
 Software Ltd.
 - Oracle Financial Services Software Ltd has has appointed Ms. Dorian
 Daley as an Additional Director of the Company.
 --Registered Office of the Company has been shifted to Oracle Park,
 Off. Western Express Highway, Goregaon (East), Mumbai - 400 063,
 -Oracle Financial Services Software Ltd has titled PRASAC
 -Oracle Financial Services Software Ltd has has opened a new local
 delivery centre in Chile to support Industry-Leading Financial
 Services Software and Solutions.
 -Jibun Bank and United Bank Limited Pakistan Win Prestigious Banking
 -Prominvestbank Selects Oracle FLEXCUBE Universal Banking to
 Standardize Systems & Support Growth.
 -Oracle FLEXCUBE Universal Banking Achieves Industry Leading Results
 with Oracle Exadata V2 Benchmark.
 -Oracle Financial Services Software Introduces Oracle Mantas Energy
 and Commodity Trading Compliance (ECTC).
 -Oracle Financial Services Introduces Oracle Revenues Liquidity Risk
 -Oracle Introduces Oracle Financial Services Data Warehouse.
 -Oracle Introduces Oracle Financial Services Hedge Management and
 IFRS Valuations.
 -Oracle Introduces Oracle Financial Services Enterprise Case
 -China's Ping An Bank Goes Live on Oracle FLEXCUBE Core Banking
 -Oracle Introduces Oracle FLEXCUBE Multi-Channel Solution on Direct
 and Mobile Channels for the Financial Services Industry.
 -Oracle Launches Comprehensive, Ready-to-Deploy Applications for
 Solvency II Reporting and Analysis.
 -Oracle Financial Ser- Roll-Out of New Core Banking Application
 across the Middle East Enhances Customer Experience in Conventional,
 Islamic and Internet banking.
 -Oracle FLEXCUBE Core Banking Release 5 Helps Banks to Accelerate
 Transactions and Deliver New Service and Channel Flexibility that
 Improves Customer Experience.
 -Oracle FLEXCUBE Introduces New Features to Help Banks Enhance Mobile
 and Payment Capabilities, Streamline Compliance and Achieve Better
 Business Performance Insight.
 -Indonesian bank selects Oracle’s FLEXCUBE banking solution
 Solutions provider to financial services Industry.
 -Oracle launches FLEXCUBE to enhance mobile banking facilities, that
 help financial institutions to support regulatory compliance, offer
 richer and more personalized customer experiences, improve
 performance and streamline their IT environments.
 -Omans alizz islamic bank Uses Oracle FLEXCUBE to Power One of Omans
 First Islamic Banks.
 -Oracle Financial Services declared an interim dividend of Rs. 485/-
 per equity share of Rs. 5/- each of the Company.
 -Universities Select Oracle's PeopleSoft Campus Solutions to Enhance
 the Student Experience.
 -Oracle FLEXCUBE Reveals Superior Performance for Banks with New
 Performance Results on Oracle SPARC T5 Servers.
 -Oracle Unveils Unmatched Cloud Platform Based on #1 Database and #1
 Middleware to Accelerate Move of Enterprise IT to the Cloud
 -Oracle Unveils Its Next Generation Cloud Strategy: Intelligent
 -Oracle Announces the Industrys Most Comprehensive Offering for
 Analytics in the Cloud
 -Oracle Retail Suite 16 Introduces New Cloud Services to Maximize
 Retail Profit and Productivity
 -Oracle Expands Cloud Services Globally with Three New Regions in
 North America and EMEA
 -Oracle Launches Oracle Code Events for Modern Cloud Development	
 -Oracle Launches Cloud Service to Help Organizations Integrate
 Disparate Data and Drive Real-Time Analytics
 -Oracle Utilities Launches Smart Grid and IoT Device Management
 Solution in the Cloud
 -Oracle Utilities Launches a New Asset Performance Management (APM)
 Solution in the Cloud
 -Oracle Introduces Digital Innovation Platform for Open Banking
 -Oracle Introduces AI-Powered Intelligent Bots to Help Enterprises
 Engage Customers and Employees
Source : Dion Global Solutions Limited
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