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Test denomination : Oracle FLEXCUBE Universal Banking 11 Basic Implementation Essentials
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Oracle Oracle FLEXCUBE Universal Banking
REDWOOD SHORES, CA--(Marketwire - 03/29/11) - Oracle (NASDAQ:ORCL - news)news information
bank of the Lao PDR, the imperative bank of the Lao americans's Democratic Republic (PDR) has chosen Oracle FLEXCUBE prevalent Banking as its administrative core banking gadget.
as the captious bank of the country, monetary institution of the Lao PDR, serves as the premier bank to formulate monetary policy, supervise fiscal institutions, accounting, operations forex issuance and inner audits.
A majority of valuable banks within the place, such as countrywide bank of Cambodia and state monetary institution of Vietnam, hold chosen Oracle because the technology companion, showcasing Oracle's ability to fill the unique and demanding necessities of the fiscal regulator of the nation.
Oracle FLEXCUBE everyday Banking should be deployed as the transaction processing platform, automating the banking operations and helping institute overseas most effectual practices and modernization of the nation fiscal device.
As Part of an built-in answer, Oracle FLEXCUBE established Banking will centralize consumer suggestions, manage bills, mortgage processing and credit score control, provide depository capabilities for securities and bonds and automate international trade and money markets buying and selling.
The alternative and implementation of the administrative core banking gadget for monetary institution of the Lao PDR became led via CSCC (relevant provider computer and verbal exchange Co., Ltd.) of CS neighborhood in Laos. CSCC is the main acknowledge provider that specialize in IT solution implementation and delivery within the banking and finance industries in Laos. Consultancy pals restricted (CAL) will advocate with the implementation. CAL is a Hong Kong-based mostly consultancy enterprise which focuses on crucial banking, payments and IT techniques.
"financial institution of the Lao PDR vital to Put in force an efficient and relaxed monetary features infrastructure for sustained monetary boom and a tough fiscal equipment. With Oracle FLEXCUBE celebrated Banking and Oracle's international event in know-how-led transformation, they count on the Lao's banking device to convey the sophisticated services and products to fill the rising wants of the economic system. they are completely satisfied with their option and because it will succor leverage top of the line practices for their nation," spoke of Mr. Or Vilaphan, director commonplace of administration, monetary institution of the Lao PDR and chairman for the progress of IT for the monetary institution of the Lao PDR.
"financial institution of the Lao joins an elite record of significant banks complete over the world that hold deployed Oracle FLEXCUBE widely wide-spread Banking to assist the monetary features sector in the respective international locations. we're confident they are able to deliver a really strong, snug processing atmosphere for bank of the Lao to video display, supervise and e bespeak the banks within the country," spoke of A. Srinivasan, chief executive officer, Oracle fiscal capabilities utility Pte Ltd and vice chairman, earnings, Asia Pacific.
"the new Adminstrative Core Banking undertaking for bank of the Lao will earmark a new era for the total banking industry of Laos. They believe with the adventure and dedication that Oracle has in core banking coupled with CSCC's lengthy inheritance in IT modernization in the Laos fiscal trade will pace a a success implementation," stated Samsivath Keobounphanh, managing director, primary service computing device & communique Co., Ltd. (CSCC) of CS neighborhood.
"Oracle FLEXCUBE middling Banking will deliver an integrated device that may meet complete the distinctive, yet certain, gadget necessities of the operation devices in the primary monetary institution. The Oracle monetary services utility team is very professional and able. we're impressed via their journey and dedication which assures they can carry the executive core banking system on time and with exorbitant first-class," quoted from Anthony Lee, predominant advisor, Consultancy associates restricted.
About Oracle fiscal services software restricted Oracle monetary capabilities application confined (referred to as "Oracle fiscal capabilities application") (Reuters: ORCL.BO & ORCL.NS) is a majority owned subsidiary of Oracle. For greater suggestions, debate with www.oracle.com/financialservices.About Oracle Oracle is the world's most finished, open, and integrated enterprise software and hardware systems enterprise. For extra information about Oracle, gladden seek recommendation from their internet website at http://www.oracle.com.emblems Oracle and Java are registered emblems of Oracle and/or its affiliates. FLEXCUBE, smash of day, Mantas and Reveleus are emblems of Oracle monetary functions software and are registered in a brace of nations. other names could be logos of their respective owners.
Ethiopian monetary institution Adopts Oracle Core Banking With Oracle's SPARC Servers and Oracle's StorageTek Tape and SAN Storage to aid cross-Channel 'anywhere Any department' approach
WASHINGTON, DC--(Marketwired - Mar 25, 2015) - ORACLE industry connect -- lately established Debub international monetary institution (DGB) has become the newest monetary institution in Africa to select Oracle (NYSE: ORCL) solutions to underpin their enlargement plans. The monetary institution will be deploying Oracle FLEXCUBE customary Banking, Oracle's SPARC T5-2 server, and Oracle's StorageTek storage options to obtain its imaginative and prescient of becoming foremost-in-class within Africa's banking industry. The hardware and application solution offers the basis on which DGB can roll out its "anywhere, Any branch" move-channel approach.
"With one of the fastest starting to be economies in Africa and the entry of ambitious players reminiscent of Debub world bank into the finance sector, Ethiopia has the handicap to become conditional as a leading monetary middle in the location," referred to Sonny Singh, senior vice president and middling supervisor, Oracle fiscal capabilities. "by running Oracle FLEXCUBE on Oracle servers with Oracle StorageTek tape and SAN storage, DGB has a strong, scalable groundwork to succor its growth plans and execute its 'anyplace, Any branch' fashion across channels."
With Oracle FLEXCUBE, DGB will handicap from consolidated client and product details throughout complete banking departments. The admixture of Oracle FLEXCUBE application with Oracle hardware will succor the bank give protection to its information, in the reduction of its operational charges and help time to market in addition to convey a much better client journey with anywhere, every time banking. additionally, Oracle Solaris is superb for the banking trade, with security features designed to without rigor meet and doc compliance with trade specifications responsibilities. Oracle FLEXCUBE supports funds, retail, minute and medium-measurement commercial enterprise loans, change finance, and treasury offerings.
As Part of the rollout, Oracle Consulting capabilities and BFSI Consulting, a Gold stage member of the Oracle PartnerNetwork, will assist DGB with its implementation.
"we've a scalable and reputable basis to recognise their imaginative and prescient of fitting a best-in-type monetary institution in Africa," spoke of Aman Semir, IT director and CBS project manager, Debub world monetary institution S.C. "Debub world monetary institution has transformed its legacy platform to expand the consumer journey with faster time to market of recent, tailor-made product choices and power exponential consumer growth. Oracle's products will continue to serve as the spine of their monetary institution's IT infrastructure and gadget options."
additional information To study greater about Oracle monetary services or Oracle FLEXCUBE, ensue @OracleFS, relate the Oracle fiscal features facebook community, or read the Oracle fiscal services weblog. To be taught greater about Oracle Hardware be Part of the Oracle Hardware facebook community or study the Oracle Hardware blog.
About Oracle Oracle engineers hardware and utility to drudgery together within the cloud and on your statistics middle. For extra suggestions about Oracle (NYSE: ORCL), seek recommendation from oracle.com.
trademarks Oracle and Java are registered emblems of Oracle and/or its associates. other names may be emblems of their respective house owners.
Oracle monetary capabilities application has announced a brand new release of its Oracle Flexcube established Banking product.
in line with Oracle, Flexcube valued clientele can installation their operations according to the wants of the trade with the aid of 2,000 plus net services, 800 plus file-based feeds and greater than 900 denomination outs for extensibility. Oracle is additionally launching the ‘Oracle Flexcube Integration Lab’ to give consumers with cozy access to an sample of Oracle Flexcube with a view to accept a suppose of how integrates with the utility the usage of existing internet features.
The enterprise besides brought up that release eleven provides finished succor for the lending, leasing and personal loan lifecycle throughout origination, servicing and collections. It is said to advocate banks help their attain and generate charge-based salary via more suitable intermediary and broker-aided distribution of items to goal segments.
version 11 additionally observed to enables banks to reduce operational dangers and lessen prices. consumer provider is besides being touted to be enhanced during the centralised, multi-product origination functionality. This gives a uniform customer journey, standardise methods across the enterprise, and create facilities of excellence. The new edition is additionally spoke of to help operational and analytical perception for bankers via trade intelligence assist and integration with Oracle Reveleus and Oracle Mantas’ comprehend Your customer, Anti money Laundering and Fraud.
the new free up of Oracle Flexcube additionally includes developed-in ability for data archiving and purging, decreasing the can pervade of facts management and making it simpler for banks to scale as their trade grows. Integration with Oracle enterprise manager will let consumers control the Oracle Database, Oracle Fusion Middleware accessories, as neatly as the Oracle Flexcube application from a separate console.
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By Marketwired .
January 23, 2014 08:00 AM EST
REDWOOD SHORES, CA -- (Marketwired) -- 01/23/14 -- Oracle (NYSE: ORCL)
Nedbank Limited, one of the four largest banking groups in South Africa, with more than US$ $70bn in assets and offering services such as wholesale and retail banking, insurance, and asset management, has selected Oracle FLEXCUBE to modernize its infrastructure and help operating efficiency and customer service delivery.
To succor consolidate trade operations and enhance the customer experience, Nedbank Limited will deploy Oracle FLEXCUBE to establish a separate operating platform for its multi-country operations across five South African countries -- Lesotho, Malawi, Swaziland, Namibia and Zimbabwe.
As a member of Africa's largest banking network, the Ecobank Nedbank alliance, Nedbank Limited sought to better align its infrastructure with the alliances' 1,500 branches across 35 countries which already expend the Oracle FLEXCUBE -- thus establishing a common trade platform to better serve customers across Africa
"We will be consolidating their operations across the region by leveraging the capabilities of Oracle FLEXCUBE and tang the team has in delivering the projects in Africa. When they are complete with the migration from their existing application to FLEXCUBE they will hold a common operating platform in the 35 countries of EcoBank Nedbank alliance, the largest banking network in Africa," said Fred Swanepoel, Chief Information Officer, Nedbank Limited.
"Nedbank is taking an captious step forward in streamlining its trade operations to help service delivery and enhance the customer tang across its network. Oracle FLEXCUBE enables NedBank to achieve its goals for consolidation to the bank and besides enables NedBank to design products, test the same before launching them across the countries from its facility in South Africa," said Chet Kamat, CEO and MD, Oracle monetary Services
About Oracle Oracle engineers hardware and software to drudgery together in the cloud and in your data center. For more information about Oracle (NYSE: ORCL), visit www.oracle.com.
About Oracle in IndustriesOracle industry solutions leverage the company's best-in-class portfolio of products to address complicated trade processes relevant to monetary services, helping precipitate time to market, reduce costs, and gain a competitive edge.
TrademarksOracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
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What is left roaming their wilderness of mirrors depends on the temper swings of the Goddess of the Market. No sensation an outcome of Eurasia integration will be a death blow to Bretton Woods and “democratic” neoliberalism, says Pepe Escobar.
By Pepe EscobarSpecial to Consortium News
Get ready for a major geopolitical chessboard rumble: from now on, every butterfly fluttering its wings and setting off a tornado directly connects to the battle between Eurasia integration and Western sanctions as eccentric policy.
It is the paradigm shift of China’s new Silk Roads versus America’s Their pass or the Highway. They used to be under the illusion that history had ended. How did it near to this?
Hop in for some essential time travel. For centuries the Ancient Silk Road, shun by mobile nomads, established the competitiveness standard for land-based trade connectivity; a web of trade routes linking Eurasia to the – dominant – Chinese market.
In the early 15th century, based on the tributary system, China had already established a Maritime Silk Road along the Indian Ocean complete the pass to the east coast of Africa, led by the legendary Admiral Zheng He. Yet it didn’t recall much for imperial Beijing to conclude that China was self-sufficient enough – and that emphasis should be placed on land-based operations.
Deprived of a trade connection via a land corridor between Europe and China, Europeans went all-out for their own maritime silk roads. They are complete confidential with the spectacular result: half a millennium of Western dominance.
Until quite recently the latest chapters of this audacious new World were conceptualized by the Mahan, Mackinder and Spykman trio.
The Heartland of the World
Halford Mackinder’s 1904 Heartland Theory – a product of the imperial Russia-Britain New mighty Game – codified the supreme Anglo, and then Anglo-American, awe of a new emerging land power able to reconnect Eurasia to the detriment of maritime powers.
Nicholas Spykman’s 1942 Rimland Theory advocated that mobile maritime powers, such as the UK and the U.S., should smooth for strategic offshore balancing. The key was to control the maritime edges of Eurasia—that is, Western Europe, the Middle East and East Asia—against any feasible Eurasia unifier. When you don’t requisite to maintain a great Eurasia land-based army, you exercise control by dominating trade routes along the Eurasian periphery.
Even before Mackinder and Spykman, U.S. Navy Admiral Alfred Thayer Mahan had near up in the 1890s with his Influence of Sea Power Upon History – whereby the “island” U.S. should establish itself as a seaworthy giant, modeled on the British empire, to maintain a equilibrium of power in Europe and Asia.
It was complete about containing the maritime edges of Eurasia.
In fact, they lived in a mingle of Heartland and Rimland. In 1952, then Secretary of state John Foster Dulles adopted the concept of an “island chain” (then expanded to three chains) alongside Japan, Australia and the Philippines to encircle and hold both China and the USSR in the Pacific. (Note the Trump administration’s attempt at revival via the Quad–U.S., Japan, Australia and India).
George Kennan, the architect of containing the USSR, was drunk on Spykman, while, in a parallel track, as late as 1988, President Ronald Reagan’s speechwriters were silent drunk on Mackinder. Referring to U.S. competitors as having a shot at dominating the Eurasian landmass, Reagan gave away the plot: “We fought two world wars to avert this from occurring,” he said.
Eurasia integration and connectivity is taking on many forms. The China-driven new Silk Roads, besides known as Belt and Road Initiative (BRI); the Russia-driven Eurasia Economic Union (EAEU); the Asia Infrastructure Investment Bank (AIIB); the International North-South Transportation Corridor (INSTC), and myriad other mechanisms, are now leading us to a total new game.
How delightful that the very concept of Eurasian “connectivity” actually comes from a 2007 World Bank report about competitiveness in global supply chains.
Also delightful is how the late Zbigniew “Grand Chessboard” Brzezinski was “inspired” by Mackinder after the descend of the USSR – advocating the partition of a then fragile Russia into three sever regions; European, Siberian and Far Eastern.
All Nodes Covered
At the height of the unipolar moment, history did appear to hold “ended.” Both the western and eastern peripheries of Eurasia were under tense Western control – in Germany and Japan, the two captious nodes in Europe and East Asia. There was besides that extra node in the southern periphery of Eurasia, namely the energy-wealthy Middle East.
Washington had encouraged the progress of a multilateral European Union that might eventually rival the U.S. in some tech domains, but most of complete would enable the U.S. to hold Russia by proxy.
China was only a delocalized, low-cost manufacture ground for the expansion of Western capitalism. Japan was not only for complete practical purposes silent occupied, but besides instrumentalized via the Asian progress Bank (ADB), whose message was: They fund your projects only if you are politically correct.
The primary aim, once again, was to avert any feasible convergence of European and East Asian powers as rivals to the US.
The confluence between communism and the frigid War had been essential to avert Eurasia integration. Washington configured a sort of benign tributary system – borrowing from imperial China – designed to ensure perpetual unipolarity. It was duly maintained by a formidable military, diplomatic, economic, and covert apparatus, with a star role for the Chalmers Johnson-defined Empire of Bases encircling, containing and dominating Eurasia.
Compare this recent idyllic past with Brzezinski’s – and Henry Kissinger’s – worst nightmare: what could be defined today as the “revenge of history”.
That features the Russia-China strategic partnership, from energy to trade: interpolating Russia-China geo-economics; the concerted drive to bypass the U.S. dollar; the AIIB and the BRICS’s new progress Bank involved in infrastructure financing; the tech upgrade inbuilt in Made in China 2025; the thrust towards an alternative banking clearance mechanism (a new SWIFT); massive stockpiling of gold reserves; and the expanded politico-economic role of the Shanghai Cooperation Organization (SCO).
As Glenn Diesen formulates in his brilliant book, Russia’s Geo-economic Strategy for a Greater Eurasia, “the foundations of an Eurasian core can create a gravitational drag to draw the rimland towards the centre.”
If the complex, long-term, multi-vector process of Eurasia integration could be resumed by just one formula, it would be something love this: the heartland progressively integrating; the rimlands mired in myriad battlefields and the power of the hegemon irretrievably dissolving. Mahan, Mackinder and Spykman to the rescue? It’s not enough.
Divide and Rule, Revisited
The Oracle silent speaks.
The same applies for the preeminent post-mod Delphic Oracle, besides known as Henry Kissinger, simultaneously adorned by hagiography gold and despised as a war criminal.
Before the Trump inauguration, there was much debate in Washington about how Kissinger might engineer – for Trump – a “pivot to Russia” that he had envisioned 45 years ago. This is how I framed the shadow play at the time.
In the end, it’s always about variations of Divide and Rule – as in splitting Russia from China and vice-versa. In theory, Kissinger advised Trump to “rebalance” towards Russia to combat the irresistible Chinese ascension. It won’t happen, not only because of the energy of the Russia-China strategic partnership, but because across the Beltway, neocons and humanitarian imperialists ganged up to veto it.
Brzezinski’s perpetual frigid War mindset silent lords over a fuzzy mingle of the Wolfowitz tenet and the Clash of Civilizations. The Russophobic Wolfowitz tenet – silent fully classified – is code for Russia as the perennial top existential threat to the U.S. The Clash, for its part, codifies another variant of frigid War 2.0: East (as in China) vs. West.
Kissinger is trying some rebalancing/hedging himself, noting that the mistake the West (and NATO) is making “is to deem that there is a sort of historic evolution that will march across Eurasia – and not to understand that somewhere on that march it will encounter something very different to a Westphalian entity.”
Both Eurasianist Russia and civilization-state China are already on post-Westphalian mode. The redesign goes deep. It includes a key treaty signed in 2001, only a few weeks before 9/11, stressing that both nations renounce any territorial designs on one another’s territory. This happens to concern, crucially, the Primorsky Territory in the Russian Far East along the Amur River, which was ruled by the Ming and Qing empires.
Moreover, Russia and China relegate never to achieve deals with any third party, or allow a third country to expend its territory to harm the other’s sovereignty, security and territorial integrity.
So much for turning Russia against China. Instead, what will develop 24/7 are variations of U.S. military and economic containment against Russia, China and Iran – the key nodes of Eurasia integration – in a geo-strategic spectrum. It will include intersections of heartland and rimland across Syria, Ukraine, Afghanistan and the South China Sea. That will proceed in parallel to the Fed weaponizing the U.S. dollar at will.
Heraclitus Defies Voltaire
Alastair Crooke took a mighty shot at deconstructing why Western global elites are terrified of the Russian conceptualization of Eurasia. It’s because “they ‘scent’…a stealth reversion to the old, pre-Socratic values: for the Ancients … the very notion of ‘man’, in that way, did not exist. There were only men: Greeks, Romans, barbarians, Syrians, and so on. This stands in obvious opposition to universal, cosmopolitan ‘man’.”
So it’s Heraclitus versus Voltaire – even as “humanism” as they inherited it from the Enlightenment, is de facto over. Whatever is left roaming their wilderness of mirrors depends on the irascible temper swings of the Goddess of the Market. No sensation one of the side effects of progressive Eurasia integration will be not only a death blow to Bretton Woods but besides to “democratic” neoliberalism.
What they hold now is besides a remastered version of sea power versus land powers. Relentless Russophobia is paired with supreme awe of a Russia-Germany rapprochement – as Bismarck wanted, and as Putin and Merkel recently hinted at. The supreme nightmare for the U.S. is in fact a truly Eurasian Beijing-Berlin-Moscow partnership.
The Belt and Road Initiative (BRI) has not even begun; according to the official Beijing timetable, we’re silent in the planning phase. Implementation starts next year. The horizon is 2039.
(Wellcome Library, London.)
This is China playing a long-distance game of Go on steroids, incrementally making the best strategic decisions (allowing for margins of error, of course) to render the opponent powerless as he does not even realize he is under attack.
The new Silk Roads were launched by Xi Jinping five years ago, in Astana (the Silk Road Economic Belt) and Jakarta (the Maritime Silk Road). It took Washington almost half a decade to near up with a response. And that amounts to an avalanche of sanctions and tariffs. Not trustworthy enough.
Russia for its Part was forced to publicly announce a exhibit of mesmerizing weaponry to dissuade the proverbial War Party adventurers probably for trustworthy – while heralding Moscow’s role as co-driver of a brand new game.
On sprawling, superimposed levels, the Russia-China partnership is on a roll; recent examples include summits in Singapore, Astana and St. Petersburg; the SCO climax in Qingdao; and the BRICS Plus summit.
Were the European peninsula of Asia to fully integrate before mid-century – via high-speed rail, fiber optics, pipelines – into the heart of massive, sprawling Eurasia, it’s game over. No sensation Exceptionalistan elites are starting to accept the passion of a silk rope drawn ever so softly, squeezing their gentle throats.
Pepe Escobar is the correspondent-at-large for Hong Kong-based Asia Times. His latest bespeak is 2030. ensue him on Facebook.
The following is a reprint from USPTO Director Kappos’ recent statement on patentable theme matter:
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The recent Federal Circuit determination CLS Bank International v. Alice Corporation raises some captious points that tender insight on advancing prosecution of patent applications. In CLS Bank, the claims to a computer-implemented invention were institute to descend within an eligible category of invention and not to mere abstract ideas. In answering the question of eligibility under § 101, I institute it engrossing that the court looked at the different roles of the various statutory provisions, § 101, 102, 103, and 112. Sections 102, 103 and 112 achieve the substantive drudgery of disqualifying those patent eligible inventions that are “not worthy of a patent”, while § 101 is a generic statement of the type of theme matter eligible for patenting. The court notes that, while § 101 has been characterized as a threshold test and certainly can be addressed before other matters touching on patent validity, it requisite not always be addressed first, particularly when other sections might be discerned by a visitation umpire as having the promise to resolve a dispute more expeditiously or with more clarity or predictability. The court in CLS Bank besides recognized that the exceptions to eligibility—laws of nature, natural phenomenon, and abstract ideas—should arise infrequently.
Based on my experience, I treasure the wisdom of the court’s discussion relating to resolving disputed claims by focusing initially on patentability requirements of § 102, 103, and 112, rather than § 101. I hold institute that when claims are refined to distinguish over the prior art, recite transparent boundaries, and be fully enabled based on a complete written description, they achieve not usually encounter issues of eligibility based on reciting mere abstract ideas or broad fundamental concepts. Put another way, every trade looks for opportunities to sequence workflow so that the first issues addressed are the ones that can simplify or completely resolve other issues. This is trustworthy basic management for businesses, and for patent offices.
While courts can resolve patent disputes in the most expeditious manner given the facts of the case, the Office has the unique duty of ensuring that complete patentability requirements are met before issuing a patent. Applications that are presented in the best feasible condition for examination with transparent and transparent claims that are believed to distinguish over the prior expertise and are supported by a robust disclosure will most likely not encounter rejections based on eligibility. Avoiding issues under § 101 can hold a very positive outcome on pendency and succor examiners focus on finding the closest prior art, leading to tough patent protection. Hopefully, the guidance supplied by the Federal Circuit in CLS Bank can succor us as they continue to drudgery on reducing pendency and enhancing property of issued patents.