Oracle Solutions Deployed by First Global Companies

Oracle FLEXCUBE was chosen by First Global Bank and First Global Financial Services Limited to increase efficiency within business operations and to help with growth. First Global hopes to have many new business opportunities as a result of this deployment. In addition to Oracle’s FLEXCUBE, Oracle’s Reveleus Operational Risk solution will also be deployed. This software solution will aid First Global in having better visibility, making internal controls stronger and it will allow the company to have more “proactive governance”.

The Chief Executive Office of First Global Holdings, Courtney Campbell, commented. She said, “Oracle FLEXCUBE solutions will enable First Global Bank and First Global Financial Services Limited to create a cohesive core foundation that spans both our banking and investment arms. They will provide a fundamental building block of our strategy to enhance customer service and operational efficiency across both organizations. Oracle FLEXCUBE is widely deployed in the region, and Oracle’s extensive experience in the Caribbean marketplace has added confidence to our choice.”

Oracle’s FLEXCUBE solution includes a number of applications that will be very useful to First Global. Included is Universal Banking, Direct Banking, Online Trading and Investor Servicing. These applications will allow investments and banking operations to be unified between the banking and investment companies. They will also increase efficiency between the two companies as well as automate business processes and improve the overall synergy.

“Oracle FLEXCUBE and Oracle Reveleus applications help financial institutions of all sizes to effectively build a scalable operations platform, manage risk and capitalize on new opportunities,” said Anand Pitre, Vice President, Sales, Latin America and Caribbean Region. “We have achieved significant success in assisting financial services institutions throughout the Caribbean region expand and strengthen their business offerings over the past few years. We look forward to working with First Global, our newest customer in the region, to harness the power of our solutions to advance the company’s operational, growth, and deploy a common risk management framework across its banking and capital markets organizations.”

Overall, Oracle’s software solutions will allow both First Global companies to gain better visibility, ameliorate risk management and improve overall efficiency. Customer satisfaction will improve because they will be able to serve their customers better. Also, product development capabilities will be expanded.

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