Few banks in Africa have embraced Oracle FLEXCUBE technology. To that small list, you can now add the name of one of Somali’s best-known banks, Salaam Somali.
Oracle FLEXCUBE is one of the leading core banking systems in the world. The system helps banks to enhance their payments.
It is also ideal for boosting credit facilities. Banks perform a lot of analysis of the different applications they rely on to offer exemplary services. FLEXCUBE helps them with that too.
Salaam Somali signed an agreement with Oracle Corporation, which is one of the best-known American technology firms.
The bank has designated its subsidiary, Salaam Solutions, to oversee the implementation of Oracle FLEXCUBE.
Salaam Somali hopes that the new system will enable it to lend a hand to the government’s efforts to curb money laundering.