Oracle FLEXCUBE on Managed Cloud Services Provides Hampden & Co., a new UK bank with a modern technology platform to accelerate innovation, reduce risk and lower costs
By Dori DiMassimo-Oracle on Jan 27, 2015
Financial institutions gain the advantages of Oracle Financial Services by having Oracle manage their banking insurance and analytical applications like FLEXCUBE, OFSAA, Insbridge and others.
Oracle is committed to providing all applications, middleware, and database solutions as customer-proven offerings that dramatically lower risk and TCO.
The key benefits to Financial Services customers are:
- Accelerated deployment
- Reduced and predictable IT costs
- Reduced upgrade risk and downtime
- World class security and regulatory compliance
- SLAs for availability and disaster recovery
Hampden & Co., a new UK private bank scheduled to open in the first quarter of 2015, has chosen Oracle FLEXCUBE on Oracle Managed Cloud Services to provide a comprehensive, modern, highly secure, and compliant digital banking platform that is scalable in-line with business growth. Using Oracle Managed Cloud Services with Oracle FLEXCUBE will enable Hampden & Co. to deliver enhanced, personalized products and services by aggregating and managing data from multiple sources to better understand customer requirements. Additionally, having Oracle experts manage Hampden & Co.'s cloud-based IT infrastructure will allow the bank to focus business resources on innovation while operating at peak efficiency, with IT systems that are readily available, secure and up-to-date.