Universal Bank selects Profinch for its core banking transformation

By Leandra Monteiro

Universal Bank, a Commercial bank in Uzbekistan onboards Profinch Solutions for implementing Oracle FLEXCUBE Core Banking solutions. The deal marks the first Oracle FLEXCUBE Core Banking implementation in Uzbekistan.

The bank was looking at Core Banking transformation to enhance the banking experience of its ever-growing clientele. With a vision to provide improved customer experience, the bank chose to partner with Profinch to implement Oracle’s FLEXCUBE Core Banking solutions.

One of the key areas to be addressed during the deal life cycle was the Central Bank regulations and changes banks require to adapt in their core systems and Oracle FLEXCUBE’s capability in addressing them. The Profinch team was able to build confidence to the Bank management by proving its track record of successful global implementations and subject matter expertise.

Speaking of the collaboration, Mr. Anvar Irchaev, Chairman of the Board, Universal Bank said, “As a bank, we have always believed in making the right investments and credible alliances. Through this strategic collaboration with Profinch Solutions, we are looking forward to transforming our customers’ banking experience”.

Amrit Biswas, Head of Business – MEACIS, Profinch said, “It is indeed a proud moment for us at Profinch to be associated with Universal Bank, one of the leading banks in Uzbekistan. This partnership marks Profinch’ s foray into Uzbekistan in a big way. We are thankful to Universal Bank for entrusting us with this strategic project and we look forward to a long-lasting relationship and transforming the bank’s customer experience”.