Fintech provider JMR Infotech has implemented a new comprehensive core banking suite from Oracle FSS at Libya’s Aman Bank.

The newly deployed solution, known as Oracle FLEXCUBE Universal Banking 12.0.3, will replace the bank’s home-grown legacy system.

The new suite covers Core, CASA, Fund Transfer, Lending, Letter of Credit, Bills and collections, Retail Teller, Clearing, Term Deposits, Fixed Assets, Integration Gateway, Point of Sale as well as ATM, JMR Infotech said in a statement.

Currently, around 0.2 million customer details have been migrated from the bank’s legacy system to the FLEXCUBE platform.

Aman Bank deputy chairman Rui Cupertino said: "This implementation reflects our desire to grow and align with new technology and provide a superior end-customer experience. We expect the new system to deliver significant improvements that will benefit our customers.

"A future-proof solution like FLEXCUBE and an IT partner like JMR Infotech will help us in our growth plans and evolve our technology ecosystem."

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