Ancoria Bank has selected Oracle FLEXCUBE on Oracle technology, as the backbone of its core banking operations. Ancoria Bank has selected Oracle FLEXCUBE Universal Banking, Oracle FLEXCUBE Direct Banking, and Oracle FLEXCUBE Information Server to support its mission of becoming the most flexible bank in Cyprus with the ability to issue new products and services within a matter of days. The Oracle FLEXCUBE solution will be installed on Oracle best-of-bread technology, consisting of Oracle Database, Oracle Enterprise Manager, Oracle Business Intelligence and Oracle WebLogic Server with Oracle SOA Suite.

Ancoria expects to commence operations in the second half of 2015 with two branches in the Cyprus cities of Nicosia and Limassol. Both of these branches will concentrate on commercial-banking products and services for small and midsize enterprises and the retail sector. Oracle Gold Level Partner and established Ancoria partner, NewCYTech Business Solutions Ltd, will implement the Oracle FLEXCUBE solution together with all underlying Oracle technology, with the help of Oracle Consulting Services.