Oracle Financial Services Software Ltd.

Amana Bank in the United Republic of Tanzania has selected Oracle Financial Services Software’s -- Oracle Flexcube Universal Banking and Oracle Flexcube Direct Banking -- to develop its core transaction processing system and internet banking capabilities.

Oracle was chosen to provide the back-office transaction processing environment to support a wide range of Islamic financial products and help Amana Bank grow its customer base in the region.

The bank chose Oracle Flexcube Universal Banking because of its proven success in adapting to meet regional banking demands and supporting Islamic banking business models. Amana Bank’s objective is to use Oracle Flexcube Direct Banking to provide internet and SMS banking services allowing customers around-the-clock access to account information.

Oracle Financial Services Software is engaged in providing products and services to financial industry. Oracle Corporation holds 81% of stake in the company. Oracle is the largest enterprise company more than 8,500 financial services customers spread across 145 countries.