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Siinqee Financial institution indicators for brand new banking tech from Oracle FS

Ethiopia-based Siinqee Financial institution has signed for the Flexcube core banking system from Oracle FS.

Oracle indicators new core banking tech consumer in Ethiopia, Siinqee Financial institution

The brand new know-how will cowl the financial institution’s typical and Islamic banking operations, and will probably be applied by the software program vendor’s companion, JMR Infotech. JMR’s native companion, IE Community Options, will even take part within the challenge supply.

Flexcube will substitute the legacy OmniEnterprise resolution equipped by Infrasoft, FinTech Futures understands, which was applied over a decade in the past.

It’s understood Oracle FS’s rival, Temenos, was within the ultimate for this deal.

Oromia Credit score and Saving Share Firm turned Siinqee Financial institution earlier this yr, having acquired a banking licence from the Nationwide Financial institution of Ethiopia.

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