Brisbane-based consulting and managed services provider, Rubicon Red, has inked an agreement with a tier-1 financial institution in Australia, to deploy Oracle’s technology for the company.
This “major go-live” was aimed at transforming the lending fulfillment process and workflow for managing business banking landing for this tier-1 financial company, which Rubicon Red declined to name.
Other terms of the agreement were also undisclosed.
Rubicon Red, founded in 2009, is a platinum level member of Oracle PartnerNetwork (OPN), with focus on Cloud, DevOps and 12c migration.
Oracle is its primary vendor partner, but the company also deals with other technologies with automation capabilities, such as AWS and Puppet.
Rubicon Red CEO, John Deeb, said the new system means business banking customers can potentially get the green light on their loan approvals of up to three times faster.
The financial institution was looking to improve on a number of its business metrics, including the time taken to approve loans, and being “close partners with Oracle” led to the making of this deal, Deeb told ARN. Read the complete article here.
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