Housing Finance Bank partners with Oracle and JMR to revolutionalize digital banking

Housing Finance Lender (HFB) has declared a strategic partnership with Oracle Banking suite and JMR Infotech, to accelerate electronic banking transformation and produce a stellar customer experience.

This usually means that HFB, which is a wholly developed professional financial institution in Uganda will actualize Oracle Banking suite, leveraging the future-generation banking know-how to greatly enhance digital oriented abilities and deliver steadyfast services to its clientele.

The lender intends to bolster digital initiatives, in buy to supply effortless and new customer solutions to the market place a lot quicker, which will be a critical action in boosting services delivery, by borrowing a leaf from JMR’s several years experience in Oracle Banking suite and the FLEXCUBE industrial technologies.

Michael K Mugabi, the Taking care of Director for HFB reported the strategic partnership is tailored toward improving the livelihood of consumers by means of boosting their money empowerment that is in harmony with digitalization.

“We objective to improve the livelihood of our consumers in terms of shelter, fiscal independence, and empowering them. That is the purpose we arrive to perform just about every working day as we mature this establishment and there is no superior reward than a pleased client,” remarked Mugabi, adding “speed of assistance is essential to us.”

Jason Maingi, the banking income director for Oracle Economic Products and services explained the strategic partnership will give HFB a trump card that other banking companies in Uganda merely do not match, given that the adoption of FLEXCUBE engineering will enable the financial entity to have a aggressive edge in the money industry.

“With its eyes firmly planted on the long run of purchaser services and innovation, Housing Finance Bank’s planned implementation of our Oracle FLEXCUBE technologies will place them in a placement to pull in advance in the competitive Ugandan current market,” asserted Jason Maingi.

Amitava Sanyal, the JMR Infotech Vice President for Center East and Africa hailed the partnership, noting that concertedness will do the job to guarantee group cordination, which will be instrumental in registering important enhancements in electronic banking.

The partnership lays a fertile floor for HFB to institute Oracle FLEXCUBE, Oracle Banking Payments and Oracle Banking APIs from the Oracle Banking suite in addition to an Company Service Bus Middleware.

JMR Infotech will be pivotal in intergrating workings with the Financial institution to employ the new system which includes the advancement of new applications and migration of present kinds, on leading of delivering a large variety of offers that are enveloped in the existing program.

Oracle Banking is a platform of detailed, pre-intergrated money services purposes that allow significant banking companies to supply totally-fledged offers of digital banking services to prospects, as a result offering a scalable ecosystem for expansion.

The suite is firmly hinged on microservices architecture with 3000-moreover open up banking Rest APIs, which tends to make it simple for inventors like HFB to “plug in” additional Oracle and third-get together companies in circumstance require arises.

The suite lessens complexity and price tag of technology in economic transactions, which helps financial institutions travel innovation with progressive transformational abilities like core and purposes for retail, corporate banking, genuine-time payments, and unequaled electronic experience.

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