OREANDA-NEWS. July 26, 2010. SITRONICS Information Technologies, one of the leading suppliers of solutions, products and services in the field of information technologies in countries of CIS and Eastern Europe, shall implement universal banking solution Oracle FLEXCUBE in Prominvestbank, one of Ukraine’s largest commercial banks, reported the press-centre of SITRONICS IT.

Decision about implementation of the most advances solution for management of banking systems was made in view of active modernization of Prominvestbank internal systems and reengineering of business. Functionality of Oracle FLEXCUBE solution shall provide obtaining in real time of reliable information on all lines of the bank’s activities. Important advantage of the system is availability of powerful tool for standardization of business processes.

“Oracle’s impressive footprint in Ukraine and team of professional consultants of Sitronics IT played a big part in our adoption of Oracle FLEXCUBE Universal Banking in our bank. We want to grow and so had to standardize our processes and centralize our databases and applications to enable this, and to provide quality services to all our customers. Now we can confidently plan for future expansion, knowing Oracle will proactively assist Prominvestbank’s growth, and react swiftly whenever we need it, with the help of Ukrainian partners.” – said Mr. Victor Bashkirov, Chairman, Prominvestbank.

As a result of implementation the Bank shall obtain centralized and the most complete data base about clients. Also implementation of the new system will facilitate increase speed of performing operations in online mode and their batch processing, will solve problem of non-structuredness of data bases.

“The solution selected by Prominvestbank shall allow on a tight schedule to carry out fundamental restructuring of all processes and replacement of information systems with new ones that provide better flexibility and business growth. SITRONICS IT possesses team of experienced experts and unique for Ukraine experience of implementation of Oracle FLEXCUBE in banking sector that gives us grounds to guarantee execution of obligations for implementation of this project at high level” – said Sergey Tarasenko, General Director SITRONICS IT UKRAINE.
 

The project shall be implemented in two stages. The first stage provides automation of retail activity of the bank on the basis of one of the branches, whereupon the solution will be implemented in whole branch network. Automation of the bank’s corporate business shall be conducted at second stage.