Oracle has announced that Banca Transilvania, has selected Oracle FLEXCUBE Universal Banking System (UBS) to support double-digit operational growth each year while sustaining profitability.

Banca Transilvania is one of Romania’s top five banks, with four main business lines: retail banking, SME banking, corporate banking and healthcare division. Oracle’s FLEXCUBE UBS solution supports all of these business lines.

In order to meet its present and future requirements as a growing financial institution, Banca Transilvania needed an integrated, efficient, cost-effective, and modern international banking system to support its expansion and address challenges such as risk, compliance, and improving the customer experience.

Previously using an advanced solution and investigating other alternatives, Banca Transilvania’s decision to sign a multi-year deal with Oracle FLEXCUBE builds on its existing Oracle relationship, using the Oracle Exadata Database Machine X2-2. The bank also uses the Oracle Financials Hub.

With 1.5 million active customers, 6 million accounts and more than 500 branches and agencies across Romania, Banca Transilvania is constantly growing. Oracle’s integrated core banking system will support its operation as a seamless enterprise, improving external offerings and internal operations.

Oracle FLEXCUBE will support Banca Transilvania to consolidate its position and amplify its advantage in the increasingly competitive Romanian marketplace through flexible launches with reduced time to market of new, innovative products and services.

The customer-centric functionality inherent in Oracle FLEXCUBE will support Banca Transilvania in managing and sustaining current and future growth, while seeking to meet and exceed the needs of its customers, as the integrated solution provides a holistic view of customer interactions for improved experiences.

Banca Transilvania chose to work with Oracle due to its presence in the region, an implementation and support centre in Athens, more than 30 banking customers in the Balkans alone and more than 100 references in Europe.

Local organization, Trend Import-Export SRL, gold level member of Oracle PartnerNetwork (OPN), was instrumental in working with Banca Transilvania during its selection of FLEXCUBE, following the previously successful relationship with them during the implementation of the Oracle Exadata Machine X2-2.