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Silicon Valley Bank selects global banking platform from Oracle

Thursday 9 September 2010 10:41 CET | News

US-based financial services provider Silicon Valley Bank (SVB) has entered a partnership with Oracle, a global developer of business software and hardware systems. Under the terms of the deal, the bank will deploy Oracle’s Flexcube Core Banking solution in order to enhance its global treasury services.

With the implementation of the Oracle Flexcube platform, SVB will gain the ability to manage core banking services in over 30 currencies across the globe. SVB’s global banking platform provides a range of global treasury services, including foreign currency loans, multi-currency deposit accounts, international payment and cash management capabilities as well as real-time global account reporting through a single interface, dubbed SVBeConnect.

Most recently, Oracle has signed an agreement with UAE-based Central Bank, allowing the latter to go live on its Oracle Flexcube Universal banking solution.

Established in 1983, Silicon Valley Bank activates in over 30 countries throughout the world.
 


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Keywords: Silicon Valley Bank, Oracle, Oracle Flexcube Core Banking
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce