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Oracle FLEXCUBE

Score8.3 out of 10

8 Reviews and Ratings

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What is Oracle FLEXCUBE?

Oracle's FLEXCUBE is a system for banks featuring customer self-service portals, revenue maximization features and some inbuilt marketing features.

Categories & Use Cases

Reviews

What users are saying about Oracle FLEXCUBE.
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Oracle Flexcube Review

Incentivized
SHEHROZ AKRAMView profile
HR Applications Specialist - Oracle HRMS & OD (Human Resource) at Meezan Bank Ltd. in Human Resources at Meezan Bank Limited (10,001+ employees employees)

Use Cases and Deployment Scope

I am a frequent user of FLEXCUBE, I use it to make development to automate the existing manual processes within the organization. Oracle Application is currently used for various purposes such as HR Module, Payroll Module, and procurement module and makes integration with the other applications/software for the enhancement of the processes.

Pros

  • Core banking functionality.
  • Data privacy and regulatory.
  • Biometric face recognition.

Cons

  • Need effort for regression testing and impact analysis.
  • Improved on the UX side of the branch channels.
  • Agility in case of multiple customization.

Most Important Features

  • Flexibility of customization.
  • Interoperability option.
  • Performance and accuracy of the system.

Return on Investment

  • Wholesale banking for cash trade.
  • Payments of cash.
  • Treasury and lending.

Alternatives Considered

Finastra Fusion Treasury and SAP for Banking

Other Software Used

OMS Office Master System, Finastra Fusion Treasury, Oracle Cloud HCM

FLEXCUBE all in one banking solution

Incentivized
Muhammad Adil MujeebView profile
Senior System Analyst in Information Technology at United Bank Limited (1001-5000 employees employees)

Use Cases and Deployment Scope

After version 14.4 of Oracle FLEXCUBE, it was the best option for our financial institute. It covers universal parameters of our business needs plus retail banking operations. It is a very stable and trusted architecture banking system. It's easy to use and customization is not a big problem. Learning to develop new functionality according to your business is a big key factor that comes naturally to even people who are not tech-savvy.

Pros

  • Retail banking.
  • API integration.
  • Customization flexibility.
  • User experience.

Cons

  • Cloud base system.
  • Customer support.
  • Data migration.

Most Important Features

  • Reliable
  • Robust
  • Easy customization

Return on Investment

  • Increased customers.
  • Fast processing.
  • Easy to customize.

Alternatives Considered

Temenos Transact - Core Banking

Other Software Used

Temenos Infinity, Temenos Payments, Oracle API Manager

Fun Review

Incentivized
Verified User
Consultant in Professional Services (51-200 employees employees)

Use Cases and Deployment Scope

I support users of Oracle FLEXCUBE, most of my clients are primarily financial institutions. I have also implemented the solutions across banks in the African region. Oracle FLEXCUBE has been the choice for many financial institutions in the [region] due to the fact that it [addresses] both the basic operations and complex operations of banking. It is a robust system, multi-lingual and in terms of the technology stack, it stands as one of the best amongst core banking applications.

Pros

  • Scalability
  • Multi Lingual
  • The modules covers all areas of banking
  • Integration with other solutions

Cons

  • Reducing complexity with installation
  • Reducing bugs especially those that have existed across the many different versions over the years.
  • Providing a more standardized way of treating common errors e.g ED-12001

Most Important Features

  • User Friendly
  • Scalability
  • Its robust integration options

Return on Investment

  • Increase in customer base
  • Huge impact on turnaround time when serving customers
  • Availability and Repiability of the solution

Alternatives Considered

Oracle WebLogic Application Server, Oracle Database and Oracle Analytics Server (formerly Oracle BI Foundation Suite)

Other Software Used

Microsoft 365 (formerly Office 365), Notepad++, Oracle SQL Developer

Good to obtain feedback

Incentivized
Verified User
Manager (51-200 employees employees)

Pros

  • Parameterised
  • Flexible product set-up
  • Multiple modules available
  • User-friendly

Cons

  • Improve workflow for frontline user
  • Established own implementation resource rather than use a partner
  • It would be good if Oracle maintained a local support office in Cambodia

Return on Investment

  • A little bit of high-cost investment in both hardware and license
  • High maintenance cost
  • Even at the high cost it has the capacity and allows the bank to integrate with other systems and enable us to go into the Cambodian market faster.

10+ years of User Experience

Incentivized
Verified User
Manager in Finance and Accounting (1001-5000 employees employees)

Pros

  • It's adaptability is useful, and it's customization perform well.
  • It is generally reliable.

Cons

  • It is utterly non-intuitive and not user-friendly for the front-end user. This applies to v.11.
  • Customization, though reliable, is costly.
  • Millennials have a hard time to adapt to it given that they are used to the intuitive app world.

Return on Investment

  • Reliable.
  • Needs onsite support, which tends to be expensive.

Alternatives Considered

PeopleSoft Financials

Other Software Used

PeopleSoft Financials, Blue Prism, Tableau Desktop

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