Northern Luzon-based Rang-ay Bank picks Oracle for banking solution

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rang-ay By deploying Oracle FlexCube, Rang-ay will have a single, centralized system for its critical banking operations and the capability to consolidate and automate multiple business functions. Oracle FlexCube Universal Banking will replace the bank?s legacy system and deliver a single operating platform to connect, view, and manage multiple businesses and customer transactions from the growing number of Rang-ay Bank?s branches across Luzon. With Oracle FlexCube, Rang-ay Bank aims to achieve better operational efficiency, enhanced customer service delivery, improved speed and accuracy of decision making and the capability to deliver new products faster. On completion of migration to Oracle FlexCube, Rang-ay Bank can have the capability to join the ATM consortium in the country and to provide anytime and anywhere banking and payment services to its growing customer base in the region. Kris FinSoftware, a Gold-level member of Oracle PartnerNetwork (OPN) in the Philippines, will host the Oracle FlexCube solution on Oracle Business Process Services, allowing the bank to focus on their core business challenges instead of IT management. “Rang-ay Bank has provided modern banking services to the countryside since 1956 and is committed to being an effective partner of the government in the development of local communities, thereby enhancing greater financial inclusion. We have to step up and deliver services that meet the changing expectations of our clients. We are renewing our systems for core banking,” said Ives Nisce, president and CEO of Rang-ay Bank. ]]>

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