Our First Implementation – The journey of a thousand miles has begun with the first step

Our First Implementation – The journey of a thousand miles has begun with the first step

(Oracle Financial Crime and Compliance Management (FCCM) – Anti-money Laundering (AML) & Regulatory Reporting Solutions)

by Asif Ali Khan, Consultant, bfsi Consulting

“Sure I am this day we are masters of our fate, that the task which has been set before us is not above our strength; that its pangs and toils are not beyond our endurance. As long as we have faith in our own cause and an unconquerable will to win, victory will not be denied us.”

“Winston S. Churchill”.

It was December 2014, after a long wait I was excited as our first Oracle FCCM – AML project was to start.… Read the rest

FLEXCUBE User training – “I get nervous around really smart people”

04 January 2001. I took a flight to Eastern Europe (Poland) for the first time. Little did I imagine it is going to be the first of the many trips I would make time and again to Eastern Europe.

I flew from Mumbai to Warsaw via Amsterdam by KLM airlines. I was going to Warsaw to conduct user training for one of the reputed American Multinational bank. I had a brief stop-over in Amsterdam (It became my home afterwards for a long time) and flew in to Warsaw. The flight had reached at about 20:30 hrs. and due to jet lag I felt tired and worn out.… Read the rest

You mean one more software is required for running your software ?

It was circa March 1999 and I was working in a small software company (CITIL – Citicorp Information Technology Industries Limited) which was specializing in core banking products. This company went to become a giant in the core banking space and was subsequently acquired by Oracle in 2005. In the late 90’s if you were working in a software company by default you would land up in US or UK on a project.
I had an eventful association with CITIL for a long time and approximately 90% of its core banking business was coming from Africa. So by default if you travelled from this company on a project it was to Africa.… Read the rest

Digital Banking – What is it really?

by Surya Prasad, Director, bfsi consulting.
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If you are a banker, techie, agent or most importantly a customer in BFSI Segment, I would take it for granted you must have heard the new buzz word “Digital Banking”. In my circle, I did chat with several people and interestingly, no two persons seems to perceive this in same manner – well, this is kind of exaggeration, but you get the picture! This made me take a pause and think what this could mean to someone like me who is an insider in the industry, to answer if a colleague, friend, or someone at my box asks me about this.… Read the rest

FLEXCUBE Implementation in Japan – The land of rising Sun

by Pradeep Singh Bisht, Consultant, bfsi consulting

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Japan (Japanese: 日本 Nippon or Nihon; formally 日本国 Nippon-koku or Nihon-koku, “State of Japan”) is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south. The Kanji that make up Japan’s name mean “sun origin”, and Japan is often called “Land of the Rising Sun”.

Japan is a strato-volcanic archipelago of 6,852 islands. The four largest are Honshu, Hokkaido, Kyushu, and Shikoku, which make up about ninety-seven percent of Japan’s land area.… Read the rest

Globe (T)Rotting

by Surya Prasad, Director, bfsi consulting

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Globe (T)Rotting!!??

Yeah, you read it right! What?

These days it is not a common sight, but years back in villages and small towns, a palmist going from house to house asking for alms and offering her insight into your future, used to be a notable sight. One such old palmist-lady told me 40 years ago that I will travel great distances by an airplane. That being not such a common thing those days, I thought, “Really, wow!” and looked forward to it. I do not remember anything other than that fragment from that conversation.… Read the rest

My first Implementation – FLEXCUBE Universal Banking 12.0.3

by Pradeep Singh Bisht, Consultant, bfsi consulting

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This is my experience of implementing FCUBS (FLEXCUBE Universal Banking Software version 12.0.3) in a small upcoming Bank, Debub Global Bank, Ethiopia. I had some time back left Banking after a long innings of 14 years where I had a chance to see gamut of Retail and Corporate Banking products and Services. Wanting to try something new, different and challenging but related to Banking I got a chance to join bfsi consulting as a Consultant.

bfsi consulting, an Oracle Gold Partner started in 2007 by three industry experienced professionals. bfsi consulting was one of the Ist Oracle partners to single handedly implement Flexcube from start to finish.… Read the rest

A journey called life with bfsi consulting…

by Tanish Mathur, Consultant, bfsi consulting

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“We do not remember days, we remember moments.” - Cesare Pavese

It was a normal humid day in Singapore & I was as usual thinking what I am doing here. Couple of times I have asked this question to myself & satisfied my inner conscience with answers like swiss bank, financial security & job in an exciting domain called investment banking. But something was missing & somewhere in my mind I know that.

And then I got a call…..not from God (remember one night in the call centre) but from B’lore.

I was part of a large Indian contingent who was working in so called white collar executive job in Singapore.… Read the rest