Romania-based Banca Transilvania has selected Oracle's Flexcube Universal Banking Solution to support its current growth.

Oracle said that Flexcube solution will support Banca Transilvania’s all four main business lines that include retail banking, SME banking, corporate banking and healthcare division and the operations of the bank as an enterprise, improving external offerings and internal operations.

According to the Oracle, the Flexcube solution will help Banca Transilvania to consolidate its position and amplify its advantage in the Romanian marketplace through flexible launches with reduced time to market of new products and services.

The solution also will assist Romanian bank in managing and sustaining current and future growth, while seeking to meet and exceed the needs of its customers, as the solution provides a holistic view of customer interactions for improved experiences.

Banca Transilvania has been using Oracle’s Exadata Database Machine X2-2 and Financials Hub solutions.

Banca Transilvania CEO Robert Rekkers said introducing Oracle Flexcube means for Banca Transilvania, an investment in cutting edge technology, enabling the bank to continue to take advantage of current growth, while also expanding through the ability to launch new products and services to customers quickly.

Banca Transilvania has 1.5 million active customers, 6 million accounts and more than 500 branches and agencies across Romania.