BankingBusinessFinTech

India’s CSB Bank taps Oracle for Flexcube core

  • 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.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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