Azerbaijan’s PASHA Bank OJSC selected Oracle FLEXCUBE to improve its go-to-market time for new products, reduce operational costs and drive growth internationally.
PASHA Bank required a core banking solution that would enable it to stay top in the market, while reducing its operational costs. The bank selected Oracle’s FLEXCUBE Universal and Direct Banking solutions.
Oracle solutions are designed to provide a single platform that would allow the bank to work across its entire geographic footprint, and to roll-out new products quickly to meet changing demands in the market.
“The region that PASHA Bank and its subsidiaries operate in is changing rapidly,” said Taleh Kazimov, CEO, PASHA Bank. “Our locale is working more closely than ever before, with many organizations spreading their operations out from Azerbaijan into Georgia and Turkey.”
In addition to corporate offering, Oracle will help the bank to grow its retail operations. Working with local partner, DATAS, Oracle said it was able to implement a solution that met the needs of both aspects of PASHA Bank’s business.
“With the rapid evolution in digital and the associated rise in customer expectations the banking industry is at a critical juncture,” said Chet Kamat, Senior vice president, banking products at Oracle.
“Banks need to embark on an accelerated IT and business transformation to enable them to drive competitive differentiation,” he added.
Earlier in the month, South Korea’s LSK Global Pharma Services (LSK Global PS) has adopted cloud -based Oracle Health Sciences InForm to improve its clinical development processes.