Oracle add 400 more members to their client base

Database and enterprise software giants Oracle have revealed that during the current year, they have been successful in adding almost 400 new customers to their client base. Most of these clients are from the financial services and insurance sector. They now also control nearly 80 per cent market share of core banking applications in India. They have benefited a lot from their recent acquisition of the i-flex solutions in India.

Some of their big customers in the Indian market are big names like Andhra Bank, Bank of India, Canara Bank, Central Bank of India, DSP Merill Lynch, HDFC Bank, Indian Bank, ICICI Bank, IDBI, Karnataka Bank, Punjab National Bank, Saraswat Bank, UTI Bank and Yes Bank. Senior Director (FSI), Oracle India Ltd, Suraj Pai said in a statement: “Along with our partners, we acquired 400 new clients in the last one year. These client wins have come in both horizontal and vertical applications of Oracle and its partners.”

Most of these customers deal with Oracle for applications relating to core banking, loan management and treasury operations in addition to Human Resource Management Services (HRMS), Customer Relationships Management (CRM), profitability and balance-sheet applications. Suraj Pai added: “Customer intimacy is one of the key trends that we have noticed in the recent past. Banks are keen to employ advanced analytics to identify their most profitable customers and explore ways to retain them. At the same time, banks want to reach out to other customers to make them profitable.”