has multiple issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages the neutrality of this article is disputed . relevant discussion may be found on the talk page . please do not remove this message until conditions to do so are met . april 2015 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . april 2015 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . april 2015 learn how and when to remove this template message learn how and when to remove this template message oracle financial services software limited type public bse 532466 ; nse ofss founded 1990 headquarters mumbai india key people derek williams harinderjit singh richard jackson robert k. weiler s venkatachalam chet kamat samantha wellington william corey west directors 1 services it business consulting and outsourcing services revenue 35.68 billion us 530 million 2012 2 number of employees 8 733 march 2016 parent oracle corporation website oracle.com oracle financial services software limited is a subsidiary of oracle corporation . it is an it solution provider to the banking industry . it claims to have more than 900 customers in over 145 countries . 3 oracle financial services software limited is ranked clarification needed no. 9 in it companies of india and overall ranked no. 253 in fortune india 500 list in 2011 . 4 contents 1 history 1.1 part of citicorp i flex solutions 1.2 early history 1.3 oracle corporation 2 products and services 2.1 products business 2.2 services offerings 3 offices and presence 3.1 asia pacific 3.2 europe middle east and africa 3.3 south america 3.4 north america 4 see also 5 references history edit part of citicorp i flex solutions edit there was a company of citibank in 1990 named as citicorp oversea software ltd. later known as i flex in world market . over a period of time another company was merged into it and new company was started named as citicorp information technologies industries ltd was formed . citil out of cosl and named mr. rajesh hukku to head citil citation needed . while cosl s mandate was to serve citicorp s internal needs globally and be a cost center citil s mandate was to be profitable by serving not only citicorp but the whole global financial software market . largely known as i flex and then eventually renamed to oracle financial services software early history edit citil was started with universal banking product named as microbanker which became successful in some english speaking parts of africa and other developing regions over the next 3 4 years and the retail banking product finware citation needed . in the mid 90s citil developed flexcube at its bangalore gdc global development centre . after the launch of flexcube all of citil s transnational banking products were brought under a common brand umbrella . subsequently company s name was changed to i flex solutions india ltd. oracle corporation edit oracle financial services software bagmane tech park bangalore oracle purchased citigroup s 41 % stake in i flex solutions for us 593 million in august 2005 a further 7.52 % in march and april 2006 and 3.2 per cent in an open market purchase in mid april 2006 citation needed . on 14 august 2006 oracle financial services announced it would acquire mantas a us based anti money laundering and compliance software company for us 122.6 million . the company part funded the transaction through a preferential share allotment to majority shareholder oracle corporation . on 12 january 2007 after an open offer price to minority shareholders oracle increased its stake in i flex to around 83 % . 5 on 4 april 2008 oracle told i flex solutions to change the name of the company to oracle financial services limited subject to regulatory and shareholder approvals . a press release issued by the company said that the proposed new name reflects the company s close strategic and operational alignment with its parent oracle corporation which owns 81 percent of the company . it added that the current management team under n.r.k. raman ceo and managing director will continue to run the operations of the company . 6 on 24 october 2010 oracle announced the appointment of chaitanya m kamat chet kamat as managing director and chief executive officer of oracle financial services software limited . mr. kamat has also joined the board of directors . the outgoing ceo and md n.r.k.raman retired from these posts after 25 distinguished years of service . now oracle financial services software limited is a major part of oracle financial services global business unit fsgbu under mr.sonny singh who is the vice president & group head of oracle fsgbu world wide . citation needed products and services edit oracle financial services software limited has two main streams of business . the products division formerly called bpd banking products division and primesourcing . the company s offerings cover retail corporate and investment banking funds cash management trade treasury payments lending private wealth management asset management and business analytics . the company undertook a rebranding exercise in the latter half of 2008 . as part of this the corporate website was integrated with oracle s website and various divisions services and products renamed to reflect the new identity post alignment with oracle . recently oracle financial services launched products for internal capital adequacy assessment process exposure management enterprise performance management and energy and commodity trading compliance . products business edit oracle flexcube universal banking suites oracle banking platform oracle flexcube core banking oracle flexcube universal banking oracle flexcube investor servicing oracle flexcube private banking oracle financial services lending and leasing successor to daybreak lending suite oracle flexcube islamic banking oracle flexcube direct banking internet mobile sms and wap oracle flexcube messaging hub oracle flexcube remit oracle flexcube enterprise limits and collateral management oracle financial services analytical applications for customer insight oracle financial services analytical crm advanced oracle financial services channel analytics oracle financial services crm analytics oracle financial services advanced analytical applications infrastructure oracle financial services analytical applications for enterprise risk management oracle reveleus internal capital adequacy assessment process oracle financial services basel ii oracle financial services operational risk oracle financial services market risk oracle financial services credit risk oracle financial services liquidity risk oracle financial services corporate credit risk oracle financial services model risk management oracle financial services analytical applications for financial crime and compliance management oracle financial services fraud oracle financial services energy and commodity trading compliance oracle financial services anti money laundering oracle financial services broker compliance oracle financial services trading compliance oracle financial services know your customer oracle financial services regulatory reporting system oracle financial services foreign account tax compliance act fatca oracle financial services analytical applications for enterprise performance management oracle financial services data warehouse services offerings edit oracle financial services oracle financial services support oracle financial services bpo oracle ofss asp private limited oracle financial services university oracle financial services aim oracle partner network primesourcing prsg offices and presence edit asia pacific edit nepal kathmandu australia sydney china shanghai india bangalore mumbai goregaon chennai pune gurgaon bpo navi mumbai fsgbu hyderabad japan tokyo philippines makati singapore singapore south korea seoul taiwan taipei vietnam hanoi europe middle east and africa edit germany frankfurt the netherlands amsterdam russia moscow uk london greece athens ireland dublin switzerland zurich nigeria lagos uae dubai south america edit chile santiago de chile north america edit usa boston bloomington mn edison nj miami new york city canada toronto the company promotes its bpo business process outsourcing business via its subsidiary equinox corporation which is based in irvine california . see also edit companies portal list of it consulting firms fortune india 500 list of companies of india references edit company info . www.oracledeb.com . oracle . 2013 . retrieved 2013 . check date values in access date help http www.bseindia.com bseplus stockreach stockquote equity oracle % 20financial % 20services % 20software % 20ltd oraclefin 532466 itconsultingsoftware oracle financial software limited website . fortune india 500 complete list pdf . fortune indis . retrieved 18 december 2011 . oracle stake in i flex rises to 53 % after revised offer the economic times 21 january 2007 http www.oracle.com corporate press 2008 apr ofs.html retrieved from https en.wikipedia.org w index.php title oracle financial services software & oldid 741569637 categories companies listed on the bombay stock exchangebanking software companiesoracle acquisitionssoftware companies based in mumbaicompanies established in 19911991 establishments in indiahidden categories cs1 errors datesuse indian english from september 2016all wikipedia articles written in indian englishnpov disputes from april 2015all npov disputesarticles with a promotional tone from april 2015all articles with a promotional tonearticles needing additional references from april 2015all articles needing additional referencesuse dmy dates from april 2012pages using infobox company with unsupported parameterswikipedia articles needing clarification from may 2014all articles with unsourced statementsarticles with unsourced statements from april 2014articles with unsourced statements from october 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran ais edit links this page was last modified on 28 september 2016 at 09 23 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view