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About Oracle Financial Services Software Ltd Oracle Financial Services Software Limited (OFSSL), a subsidiary of Oracle Corporation, specializes in providing advanced financial technology solutions across various sectors including retail and corporate banking, risk management, and financial compliance. Established originally as Citicorp Information Technology Industries Ltd in 1989, OFSSL has a comprehensive portfolio of cloud-ready banking applications that cater to complex IT and business needs of financial institutions globally. The company's flagship product, Oracle FLEXCUBE, is a leading universal banking solution widely adopted for its innovative features and regulatory compliance support.
With a presence in over 130 countries and 14 development centers, OFSSL offers bespoke consulting and business process outsourcing services. The company has a strong network of global partnerships and alliances with tech leaders like IBM and Intel. Recent developments include launching Oracle Banking Cloud Services in 2023 to aid banks in modernizing their operations and acquiring a majority stake in Oracle (OFSS) BPO Services Limited, further strengthening its market position.