The African bank will deploy Oracle FLEXCUBE Universal Banking, SPARC T5-2 server, and StorageTek storage solutions, which provide the foundation on which it can roll out its strategy.
Oracle Financial Services senior vice president and general manager Sonny Singh said: "With one of the fastest growing economies in Africa and the entry of ambitious players such as Debub Global Bank into the finance sector, Ethiopia has the potential to become established as a leading financial center in the region.
"By running Oracle FLEXCUBE on Oracle servers with Oracle StorageTek tape and SAN storage, DGB has a strong, scalable foundation to support its expansion plans and execute its ‘Anywhere, Any Branch’ strategy across channels."
DGB is expected to benefit from consolidated customer and product details across all banking departments with Oracle FLEXCUBE in place.
The bank will be able to protect its data and reduce its operational costs with the combination of Oracle FLEXCUBE software with Oracle hardware.
This further enhances time to market, while delivering a better customer experience with anywhere, anytime banking.
Oracle Solaris has security features that are designed to meet and document compliance with industry standards obligations.
The bank’s payments, retail, small and medium-size enterprise loans, trade finance, and treasury offerings are supported by Oracle FLEXCUBE.
DGB will get assistamce from Oracle Consulting Services and BFSI Consulting with regard to the technology implementation.
Debub Global Bank IT director and CBS project manager Aman Semir said: "Debub Global Bank has transformed its legacy platform to improve the customer experience with faster time to market of new, tailored product offerings and drive exponential customer growth."
