SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Oracle Financial moves up on implementing new core banking applications in Mashreq Bank

02 May 2013 Evaluate

Oracle Financial Services Software is currently trading at Rs. 2626.20, up by 3.40 points or 0.13% from its previous closing of Rs. 2622.80 on the BSE.

The scrip opened at Rs. 2618.55 and has touched a high and low of Rs. 2650.05 and Rs. 2590.00 respectively. So far 758 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3414.00 on 10-Jan-2013 and a 52 week low of Rs. 2360.00 on 21-May-2012.

Last one week high and low of the scrip stood at Rs. 2693.00 and Rs. 2487.00 respectively. The current market cap of the company is Rs. 22109.95 crore.

The promoters holding in the company stood at 80.27% while Institutions and Non-Institutions held 6.93% and 12.80% respectively.

Oracle Financial Services Software has implemented New Core Banking Applications in Mashreq Bank, one of the UAE’s leading financial institutions, whereby the bank has successfully replaced over 40 legacy systems with Oracle FLEXCUBE Universal Banking and Oracle FLEXCUBE Direct Banking solutions across Qatar, UAE, Kuwait and Bahrain, with Egypt soon to follow.

With critical limitations in the bank’s legacy platform, Mashreq required a full transformation of its core banking to support growth and innovation, whilst complying with Basel II, Know Your Customer and other upcoming regulations. With Oracle FLEXCUBE, Mashreq now operates on a centralized scalable platform, which provides a 360-degree view of all customer relationships. The bank is able to launch new products in well under half the time it took with their legacy environment. The deployment of Oracle FLEXCUBE has helped the bank improve the response time for customers at ATMs, and enhance the experience on internet banking.

Mashreq first deployed Oracle FLEXCUBE in Qatar in 2011, extending the platform to UAE in November 2012. The solution was successfully implemented in Kuwait and Bahrain in March 2013, and is on course to go-live in Egypt in second half of 2013.

Oracle Financial Services Software is a majority owned subsidiary of Oracle. Oracle Corporation is the world's largest business software company.

Oracle Finl. Service Share Price

7996.05 209.15 (2.69%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×