In 2008, Askari Bank embarked on an ambitious IT upgrade project. The cornerstone of the upgrade was a migration from their existing, in-house developed COBOL based Core Banking solution to Oracle FLEXCUBE, the world leader in Core Banking. This shift was driven by the need to switch from a decentralized branch based solution to a centralized system with consistent product offerings and customer service levels across the entire bank. Askari Bank offers a full range of asset and liability financial products and the Bank planned on migrating all operations to FLEXCUBE including Retail operations, Lending, Trade Finance etc.
Techlogix was engaged by Askari Bank to take primary responsibility for the FLEXCUBE rollout. Since this was our first Core Banking implementation, the Techlogix team engaged Oracle Financial Services Consulting to provide remote support in reviewing the product requirements gathered by Techlogix and validating the product design. After an intense 18 month effort, the first Branch went live in April 2010. The Bank completed its full cutover of all 250+ branches to FLEXCUBE in 2012.