- Indochina Bank (IB Bank), based in Laos (Lao People’s Democratic Republic, Lao PDR), is modernizing its core banking technology.
- The bank has chosen Oracle’s flagship Flexcube core banking system for this purpose.
- This decision marks a new-name win for Oracle, as Flexcube will replace the bank’s legacy core system from another major international banking technology supplier, Temenos.
- IB Bank offers personal, corporate, and premier banking services and was launched in 2009.
- Oracle FS has an established presence in Laos, with the Bank of the Lao PDR (BOL), the country’s central bank and regulator, being a long-standing user of Flexcube.
- Other banks in Laos, such as Joint Development Bank (JDB), Lao-Viet Bank, and ST Bank, are also clients of Oracle FS, indicating its strong presence in the country’s banking technology landscape.
Indochina Bank to implement Flexcube core banking system
Popular Categories
Previous article![]( "US investment management platform FundGuard bags $100m Series C funding")
Next article![]( "EU publishes election security guidance for social media giants and others in scope of DSA")
