Amana Bank Selects Oracle Flexcube to Develop Internet Banking Capabilities

Amana Bank, based in Tanzania, has selected Oracle Flexcube Universal Banking and Oracle Flexcube Direct Banking to develop its core transaction processing system and internet banking capabilities.

The start-up Amana Bank is the first to provide Sharia-compliant banking products to customers in Tanzania.

Oracle was chosen to provide the back-office transaction-processing environment to support a wide range of Islamic financial products and help Amana Bank grow its customer base in the region. With the new system customers will be able to receive SMS alerts to notify them of significant transactions, while advanced security controls will provide access to information in a safe environment, protecting customer data from potential threats.