Oracle Financial Services Software Ltd.

Oracle Financial Services Software has successfully implemented its core banking solution, Oracle FLEXCUBE at Ping An Bank in China. The implementation was completed in a record timeframe of 18 months. The system supports the bank's rapid growth in business and customer base and meets and improves customer service, operations and risk management.

Oracle FLEXCUBE, integrated with Ping An Group's IT platform, has enabled the group-wide platform to meet the objectives of increased cross-selling to customers and expansion of business. Oracle FLEXCUBE enables bank users to update and amend product offerings quickly, helping the bank to offer new and innovative products to the market ahead of the competition.

Ping An Bank, a joint stock commercial bank, is a strategic part of China's Ping An Group and a critical component of the group's integrated financial services offering.

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