Oracle FS gains first core banking client in Tunisia, UBCI
Union Bancaire pour le Commerce et l’Industrie (UBCI) has become the first bank in Tunisia to sign for the Flexcube core banking system from Oracle FS.
UBCI in tech overhaul with Oracle FS
UBCI provides services to retail, business and corporate customers. It gained a new major shareholder last year, Carte Assurances. The local group purchased a 39% stake from BNP Paribas for TND 183.3 million ($62 million); BNP Paribas retained a minority share of 11%.
Following this, UBCI embarked on an enterprise-wide technology modernisation initiative. It went through a system selection process and chose Flexcube as its new core banking platform.
Profinch, Oracle FS’s partner, will be working on the project as an integrator.
Speaking at the signing ceremony held on 28 March, Mohamed Koubaa, managing director of UBCI, emphasised the bank’s commitment to digitalisation and improving customer experience with the help of the new technology.
