- 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.
