For those who are not working, research one company in the net who is using computerized database systems. Describe the use and/or nature of these systems and describe too the benefits/disadvantages from these systems. Include your reference.


ANs: Philippine National Bank (PNB) and i-flex solutions, provider of IT solutions to the global financial services industry, signed an agreement to implement i-flex's FLEXCUBE as the core banking solution for PNB's domestic and international banking operations. FLEXCUBE will be implemented across PNB's domestic network and six of its international branches. PNB is the preferred remittance services provider of Filipinos overseas with branches in United States, United Kingdom, Hong Kong, Singapore and Japan. The bank aims to be the leading financial services provider in Philippines, with a strong customer focus and high service excellence. For i-flex solutions, this is the first FLEXCUBE core banking solution win in the strategic Philippines banking and financial services industry, where banks, spurred by fast economic growth, are looking at transforming their systems to gear up for faster customer acquisition and greater customer demands. FLEXCUBE is the world's number one selling banking solution and globally more than 280 financial institutions in over 100 countries have chosen FLEXCUBE. Speaking on the selection of FLEXCUBE, Omar Byron Mier, President and CEO, Philippine National Bank, said, "Technology is one of the key enablers in our growth strategy, and the right core banking platform is the most critical aspect in this strategy. Among the solutions we evaluated, FLEXCUBE ranked as the leader in terms of architecture, functionality, and domain capability. This next-generation system will enable us to launch new products and services faster and, ultimately, help PNB transition into a highly competitive and customer-centric financial institution in line with our vision." Speaking on i-flex's behalf, Kishore Kapoor, CEO, i-flex solutions pte ltd, said, "PNB is a prestigious and significant customer win for i-flex and we are committed to provide PNB with a solution that will enable it to achieve growth, profitability and a strong competitive advantage. This success further strengthens our commitment to the Philippine market; it is a growth area for us in Asia-Pacific as banks here are increasingly looking at adopting new generation and open banking systems." PNB is set to centralize its entire domestic and global business within one datacenter in Manila, enhancing delivery across multiple channels and offering a consolidated view of customers across segments with true 24/7 capability. With FLEXCUBE, PNB shifts from a mainframe based system to an open software platform based on Java architecture and Oracle Database.

Published Aug. 2, 2006— Reads 9,739 — Feedback 4 Copyright © 2008 SYS-CON Media. All Rights Reserved.