- 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
Hot this week
Blogs
Banking as a Service: Meaning, Examples, Benefits and Future
The push for open banking has led to a...
Blogs
Best fintech blogs and websites
Fintech (financial technology) has been an interesting part of...
Blogs
Is it worth investing in life insurance over 60?
Is it worth investing in life insurance over 60?
As...
Topics
Banking
Multitude Bank secures €15m majority shareholding in Norwegian digital challenger Lea Bank
Multitude Bank, a wholesale bank based in Malta,...
AI
LendingClub and Pagaya acquire intellectual property of shuttered fintech Tally
LendingClub Corporation, a California-based digital lending platform, has...
Banking
FusionIQ hires Eric Noll as new CEO upon completion of “significant new fundraising round”
Eric Noll has been named CEO and Chairman...
Banking
UK challenger Monese to be acquired by fellow fintech Pockit
Pockit, a UK fintech, is acquiring Monese, a...
AI
ICYMI fintech funding round-up: Bitlayer, Quartr, FutureMoney, Solifi and more
Bitlayer (Singapore) secured $9 million in a Series...
Banking
Aleph acquires majority stake in Argentinian PSP Localpayment
Aleph Holding has acquired a controlling equity interest...
Banking
ESAF Small Finance Bank replaces FIS’ Profile with Oracle Flexcube as new banking core
ESAF Small Finance Bank has transitioned to Oracle...