- CSB Bank, headquartered in Thrissur, India, partners with Oracle for its core banking system Flexcube.
- The collaboration involves integrating Oracle’s core banking, payments, digital banking, trade financial, virtual accounts, and analytics software.
- CSB Bank serves 2.15 million customers and businesses in India across SME, retail, corporate, and treasury banking.
- Oracle’s cloud-based Flexcube will replace CSB Bank’s homegrown core banking solution, Maarvel, developed in 2008.
- Oracle will oversee the transition to Flexcube through an annual maintenance contract, focusing on data migration and customization.
- CSB Bank joins other financial institutions like Farmers Development Bank (Myanmar) and Omo Bank (Ethiopia) in choosing the Flexcube core banking solution.
