Sirma Business Consulting Achieves Oracle Validated Integration with Oracle FLEXCUBE Core Banking

IMPACTO Ambassador Banking - "Bank on the Go - Virtual Bank" solution for frictionless Customer Onboarding, KYC, Teller and other banking transactions.

DATELINE – Sirma Business Consulting, a Gold level member of Oracle PartnerNetwork (OPN), today announced it has achieved Oracle Validated Integration of Impacto Ambassador Banking with Oracle FLEXCUBE Core Banking This Android based 'Impacto Ambassador Banking’ solution is integrated with Oracle FLEXCUBE Core Banking in real time to enable banks to offer frictionless and quick customer onboarding without compromising on customer due diligence requirements.

To achieve Oracle Validated Integration, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of the customers. The two-way integration between IMPACTO Ambassador banking and Oracle FLEXCUBE Core Banking, - brings the bank from the confines of four walls of its branches to the doorsteps of the customer directly through its Ambassadors. IMPACTO Ambassador Banking offers financial and non-financial services like real-time customer on-boarding, accounts creation and servicing, deposits, withdrawals, balance enquiry, fund transfers, besides value added services such as utility bill payment, airtime top-up, among others. The AI-enabled data capture and state of art OCR technology enhances the experience with limited user input, real time fraud check, upsell or cross sell etc.

"We are excited with the achievement and it corroborates Sirma's unwavering commitment to deliver innovative technologies and solutions that disrupt the tradition and empower our customers to redefine their tomorrow and lead digital revolution," said Nageswara Korlepara, MD & CEO, Sirma Business Consulting (India). "With our IMPACTO Ambassador Banking we have been successful in bringing banks and financial institution out of the four walls and closer to its customers, thus inducing a paradigm shift in banking experience from being product-centric to people-centric" added Nageswara.

”Achieving Oracle Validated Integration gives our customers confidence that the integration between Sirma Business Consulting’s IMPACTO Ambassador Banking and OracleFLEXCUBE Core Banking is functionally sound and performs as tested,” said David Hicks, vice president, Worldwide ISV Cloud Business Development, Oracle.  “For solutions deployed on-premise, in the cloud, or both, Oracle Validated Integration applies a rigorous technical review and test process that helps to reduce deployment risk and improves the user experience of the partner’s integrated offering.”

Focused on developing next generation banking solutions based on innovative technologies, Sirma Business Consulting helps banks to increase their business and profitability while ensuring effective risk management and regulatory compliance. ‘Impacto Ambassador Banking’ solution reduces banks' pain points in business development, expansion and financial inclusion. The solution is a ‘Bank on the Go – Virtual Bank’ riding on an Android hand held Device. An ambassador (bank employee or bank agent) will carry the device to customer locations for performing the transactions.

About Sirma Business Consulting

Sirma Business Consulting (India) Private Limited (SBC India) was started in 2015 under the aegis of Sirma Business Consulting JSC, Bulgaria with a focus to implement Oracle FLEXCUBE products and build a custom solution around the same. Soon after the launch, in October 2015, Sirma BC secured its first big assignment in the banking software applications space and its successful delivery paved the way to become a brand-to- reckon with. The company works under the guidance of task oriented and accomplished management professionals with hands-on experience in the roll out of banking solutions across the globe as well as deep domain knowledge in the key areas of banking spanning Corporate, Retail & Trade Finance. The team is well experienced in project management, intensive planning and managing the challenges.

Sirma is investing in developing the much-needed analytics comprising of customer centric analysis, regulatory reporting, AML, KYS, IFRS 9 enabled along with case management system. Sirma is also investing and passionate about future Gen learning management systems and digital enabled learning – Social interaction, real-life like 3D models and learning set-ups, Web as well as mobile learning, Byte size content reinforcement, Game based along with virtual reality and augmented reality learning experience. All this at an affordable cost without any compromise on the functionality needed by the banking segment.

Sirma believes in fostering a progressive model of being a trusted technology partner to all its clients.

About Oracle Validated Integration

Oracle Validated Integration, available through the Oracle PartnerNetwork (OPN), gives customers confidence that the integration of a complementary partner software product with an Oracle “on-premises” Application has been validated and the products work together as designed. This can help customers reduce risk, improve system implementation cycles, and provide for smoother upgrades and simpler maintenance. Oracle Validated Integration applies a rigorous technical process to review partner integrations and partners who successfully complete the program are authorized to use the “Oracle Validated Integration” logo. For more information, please visit Oracle.com at
https://solutions.oracle.com/scwar/scr/AboutPartners/validated-integration/index.html

About Oracle Partner Network

Oracle Partner Network (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.

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