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software
Microbanker from Citi Overseas Software. With the revenue from selling Microbanker to customers in mostly Africa and later to other markets, Citil invested in developing Flexcube, their following software product. Flexcube was very successful and claimed the top spot in the annual sales ranking by International Banking Systems, a U.K.-based industry publication, in 2002.
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private wealth management, asset management, and business analytics. The company undertook a re-branding exercise in the latter half of 2008. As part of this, the corporate website was integrated with Oracle's website. Various divisions, services, and products were renamed to reflect the new identity post-alignment with Oracle.
662:
Oracle
Financial Services Software Limited has two main streams of business. The products division (formerly called BPD – Banking Products Division) and PrimeSourcing. The company's offerings cover retail, corporate, and investment banking, funds, cash management, trade, treasury, payments, lending,
614:
In 1992, the non-Citi operation’s software business was spun off into a separate company, Citicorp
Information Technology Industries Ltd. (Citil), subsequently called i-flex Solutions. The venture, headed by Rajesh Hukku, received seed funding of $ 400,000 from Citicorp. Citil inherited the legacy
644:
On 14 August 2006, Oracle
Financial Services announced it would acquire Mantas, a US-based anti-money laundering and compliance software company for US$ 122.6 million. The company part-funded the transaction through a preferential share allotment to the majority shareholder Oracle Corporation.
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Recently, Oracle
Financial Services launched products for Internal Capital Adequacy Assessment Process, exposure management, enterprise performance management and energy, and commodity trading compliance.
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purchased
Citigroup's 41% stake in i-flex Solutions for US$ 593 million in August 2005, a further 7.52% in March and April 2006, and 3.2% in an open-market purchase in mid-April 2006.
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In 2002, DotEx
International Joint Venture NSE.IT and i-flex Solutions Ltd signed a memorandum of understanding (MoU) with BgSE Financials Ltd to provide Internet trading services.
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On 12 January 2007, after an open offer price to minority shareholders, Oracle increased its stake in I-FLEX to around 83%.
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Now, Oracle
Financial Services Software Limited is a major part of Oracle Financial Services Global Industry Unit (FSGIU).
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On 4 April 2008, Oracle changed the name of the company to Oracle
Financial Services Limited.
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business via its subsidiary
Equinox Corporation which is based in
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772:"Oracle Financial Services Software Limited (OFSS) Governance"
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Companies listed on the National Stock Exchange of India
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Oracle stake in i-flex rises to 53% after revised offer
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2017:Financial services companies established in 1991
886:"Oracle Financial Services Board of Directors"
2042:Companies listed on the Bombay Stock Exchange
977:
906:Shivapriya, Vinu Lal & N. (10 May 2011).
745:Thimmaya, PP; Shivapriya, N. (16 July 2009).
8:
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66:Learn how and when to remove these messages
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747:"Rajesh Hukku to exit Oracle Fin Services"
627:Oracle Financial Services Software –
587:Oracle Financial Services Software Limited
328:
323:Oracle Financial Services Software Limited
321:
102:. Please do not remove this message until
580:Financials as of March 31, 2024.
308:Learn how and when to remove this message
290:Learn how and when to remove this message
188:Learn how and when to remove this message
122:Learn how and when to remove this message
98:Relevant discussion may be found on the
737:
2027:Software companies established in 1991
849:, The Economic Times (21 January 2007)
149:contains content that is written like
7:
2022:Indian companies established in 1991
821:Karmali, Naazneen (3 October 2005).
239:"Oracle Financial Services Software"
228:adding citations to reliable sources
2032:1991 establishments in Maharashtra
2007:Software companies based in Mumbai
25:
47:This article has multiple issues.
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577:Footnotes / references
215:needs additional citations for
55:or discuss these issues on the
461:Makarand Padalkar (CEO and MD)
1:
670:The company promotes its BPO
529:(US$ 270 million) (2024)
506:(US$ 320 million) (2024)
483:(US$ 760 million) (2024)
672:business process outsourcing
707:List of IT consulting firms
403:; 34 years ago
104:conditions to do so are met
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1997:Banking software companies
717:List of companies of India
2012:Banks established in 1991
1811:Mazagon Dock Shipbuilders
1239:Tata Consultancy Services
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1801:Max Financial Services
1429:Jio Financial Services
1304:Adani Energy Solutions
1244:Tata Consumer Products
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1591:Balkrishna Industries
1479:Samvardhana Motherson
658:Products and services
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593:) is a subsidiary of
170:neutral point of view
1556:Aditya Birla Fashion
224:improve this article
2002:Oracle acquisitions
1946:Tata Communications
1776:LIC Housing Finance
1701:Hindustan Petroleum
1606:Bank of Maharashtra
999:NIFTY 200 companies
597:. Headquartered in
569:/financial-services
535:Number of employees
392:Enterprise software
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162:promotional content
91:of this article is
1931:Supreme Industries
1891:Poonawalla Fincorp
1876:Persistent Systems
1761:Jubilant FoodWorks
1751:IRB Infrastructure
1666:Dixon Technologies
1534:Zydus Lifesciences
1309:Adani Green Energy
947:. 12 December 2022
912:The Economic Times
751:The Economic Times
676:Irvine, California
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619:Oracle Corporation
595:Oracle Corporation
550:Oracle Corporation
164:and inappropriate
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1394:ICICI Prudential
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866:on 13 May 2008
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1691:GMR Airports
1686:Federal Bank
1616:Bharat Forge
1596:Bandhan Bank
1566:Apollo Tyres
1484:Shree Cement
1424:Jindal Steel
1049:Asian Paints
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1726:Indian Bank
1449:LTIMindtree
1354:Divi's Labs
1339:Canara Bank
1314:Adani Power
1249:Tata Motors
1039:Adani Ports
527:2,219 crore
504:2,680 crore
481:6,373 crore
1991:Categories
1856:Oracle FSS
1561:Alkem Labs
1509:Union Bank
1504:TVS Motors
1494:Tata Power
1434:JSW Energy
1399:Indian Oil
1254:Tata Steel
1234:Sun Pharma
1209:Power Grid
1149:ICICI Bank
1099:Coal India
1059:Bajaj Auto
870:23 January
823:"Bankware"
776:oracle.com
733:References
513:Net income
451:Key people
280:April 2015
250:newspapers
178:April 2015
158:improve it
112:April 2015
89:neutrality
52:improve it
1851:Oil India
1836:NLC India
1716:IDBI Bank
1661:Delhivery
1409:Info Edge
1299:ABB India
1274:UltraTech
1169:JSW Steel
1129:HDFC Life
1124:HDFC Bank
1089:Britannia
1054:Axis Bank
920:0013-0389
722:TCS BaNCS
633:Bangalore
357:Traded as
100:talk page
58:talk page
1976:Yes Bank
1911:SBI Card
1651:CG Power
1459:Pidilite
1219:SBI Life
1214:Reliance
1139:Hindalco
951:6 August
925:6 August
832:17 April
802:. Oracle
685:See also
416:Founders
388:Industry
337:Formerly
93:disputed
18:Flexcube
1816:Mphasis
1671:Escorts
1641:Coforge
1524:Vedanta
1379:Havells
1291:Next 50
1184:M&M
1179:L&T
1159:Infosys
1119:HCLTech
945:Reuters
891:1 April
806:18 July
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727:Finacle
605:History
563:.oracle
556:Website
469:Revenue
406: (
398:Founded
377::
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264:scholar
1971:Voltas
1936:Suzlon
1796:Marico
1621:Biocon
1581:AU SFB
1576:Astral
1529:Zomato
1404:IndiGo
1289:NIFTY
1199:Nestlé
1114:Grasim
1109:Eicher
1024:NIFTY
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781:24 May
639:Oracle
599:Mumbai
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440:Mumbai
370:532466
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1871:Paytm
1846:Nykaa
1781:Lupin
1756:IREDA
1711:HUDCO
1676:Exide
1444:Lodha
1414:IRCTC
1364:DMart
1349:Dabur
1334:Bosch
1279:Wipro
1269:Trent
1264:Titan
1094:Cipla
800:(PDF)
444:India
271:JSTOR
257:books
1916:SJVN
1906:SAIL
1901:RVNL
1841:NMDC
1826:MRPL
1681:FACT
1454:NHPC
1419:IRFC
1369:GAIL
1329:BHEL
1204:ONGC
1194:NTPC
953:2023
927:2023
916:ISSN
893:2019
872:2011
834:2023
808:2024
783:2024
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591:OFSS
565:.com
408:1990
401:1990
379:OFSS
243:news
86:The
1966:UPL
1921:SRF
1821:MRF
1736:IOB
1631:CBI
1626:BSE
1551:ACC
1474:REC
1469:PNB
1439:LIC
1384:HAL
1359:DLF
1224:SBI
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1144:HUL
1074:BEL
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567:/in
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