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[Nov 2017] Oracle Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Wegagen Bank Replaces Six-Year Old Core Banking Solution

Wegagen Bank S.C, the fourth most profitable private bank in the country, replaced its six years-old core banking solution in an attempt to build a robust database system and widen its capacity of serving clients. It will be fully implemented in all of the Bank’s 239 branches within two months.

It cost the Bank over 200 million Br, according to sources.

The new solution, known as Flex Cube, is procured from Oracle- a known international database and software supplier, replacing its old solution- OMNI Enterprise Core

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CBE Leads Banking Sector with $2.3m Automation Agreement

The Commercial Bank of Ethiopia (CBE) is automating its back office process in a 2.3 million dollar agreement signed with Tech Mahindra Ltd on July 10, 2015.

The automation is a 10-month process starting on August 9, 2015. Tech Mahindra, a firm specialising in digital transformation, consulting and business engineering, will be assisted in the project by its local agent, Fairfax Technologies. The two will implement and support enterprise resource planning system (ERP), business intelligence, customer relation management and

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