Housing Finance Bank in core banking tech overhaul
Uganda-based Housing Finance Bank has embarked on a technology modernisation project with Oracle FS and JMR Infotech.
Housing Finance Bank in tech overhaul
It will implement a new core system, Flexcube from Oracle FS, to replace the legacy core supplied by Intellect Design Arena (deployed at the bank nearly ten years ago).
It is understood the bank evaluated the incumbent provider as well as Temenos and Oracle FS/JMR Infotech before settling for the latter.
Michael K Mugabi, Housing Finance Bank’s managing director, says the speed of service is “critical” for the bank.
Alongside the core, the bank will also implement Oracle’s payments solution and APIs as well as an enterprise service bus (ESB) middleware.
JMR Infotech will be the prime integrator working with the bank to implement the new platform including the migration of apps, offerings and customers from the legacy system.
