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Oracle is snatching banking deals across Africa

Jan 16, 2020 - ICT Monitor Worldwide

Oracle Financial Services Software (OFSS), with a growing presence in Africa, has signed lucrative contracts with banks in Sudan, Somalia, and Libya.

Oracle FSS is busy picking up a raft of business and partnership deals with banks across Africa. The company wrestled a deal, with Khartoum, Soudan-based commercial lender Balad Bank, from rival firms Temenos and Path Solutions. Oracle again beat out Temenos in the final selection to secure a contract with Libyan Islamic Bank Andalus.