BRAC Bank, one of the leading banks in Bangladesh, has chosen Oracle Service Bus for Financial Services and Oracle WebLogic 11g, part of the Oracle Fusion Middleware products family, as a platform to help modernize its banking operations so that business and operational efficiency can be ensured. Prior to deploying Oracle, the bank was facing difficulty in establishing point-to- point integration while keeping up with changing business requirements.
The bank was also facing difficulties in maintenance, monitoring and troubleshooting of the existing integration points without any centralized middleware application.
Oracle Service Bus for Financial Services will enable BRAC bank with a flexible infrastructure to integrate various third party applications, while providing the IT team with the ability to centrally configure polices and ensure security of the exposed services.
Oracle WebLogic 11g helps ensure rapid deployment and ease of integration through a single tool, thus reducing work load on the internal team while providing the additional capabilities of managing and monitoring communications among all applications.  “Oracle solutions based on Open Industry Standards will help our bank to extend and evolve our existing applications instead of replacing them,” said Nawed Iqbal, Chief Technology Officer, BRAC Bank.
“This deployment will not only result in considerable cost savings but also provide us with improved applications and will address the combination needs for the country’s fastest growing technology savvy bank”. Said Mr. Mamun Seraji, Head of Business Systems Management, BRAC Bank “With the successful deployment of Oracle Fusion Middleware, BRAC Bank will be able to provide better service to their customers” said Sajid Akbar, Country Manager, Oracle Fusion Middleware, South Asia Growth Economies West.
“They will also be able to address their ISO8583 transformations requirement, which is particular to the financial Industry, thus ensuring that the various IT systems within the organization can communicate with one another.”
Oracle has been operating in Bangladesh since 1999 though a local partner. Oracle’s commitment extends to its extensive network of alliances, channel partners and resellers in Bangladesh, who are members of the Oracle PartnerNetwork.

News:The Independent/ Bangladesh/ May-03-2011