Bank of Valletta announced that it has chosen Oracle as the provider of its new core banking system.
The contract between the two parties was signed on Tuesday afternoon by Bank of Valletta CEO Mario Mallia and Michiel A. Hustinx, VP & Head of Sales EMEA, in the presence of the BOV Group Chairman Taddeo Scerri and top executives from both Oracle and Bank of Valletta.
Mr Taddeo Scerri said, “Bank of Valletta has always been synonymous with major innovative changes in local market. Today’s agreement continues to strengthen the Bank’s commitment to put customers at the centre of the organisation. The Board of Directors firmly believes that the new core banking platform will serve to underpin all of the Bank’s corporate and retail bank offerings across multiple channels.”
BOV CEO Mr Mario Mallia explained that, “Today represents an important milestone for the Bank. Oracle FLEXCUBE will enable us to offer superior customer service, simpler access to information and service, as well as seamless navigation across channels. Considerable work has already been done by a highly dedicated team over the last two years to establish the business, security and IT requirements.” Mr Mallia explained that this is definitely not an isolated IT project but is intrinsically linked to the Bank’s strategy and its implementation.
Speaking on the signature, Michiel Hustinx explained that, “Our team has worked extensively with Bank of Valletta and we look forward to further deepening that relationship as a strategic collaborator during the implementation of the Oracle FLEXCUBE platform. Bank of Valletta is an integral part of the Maltese economy and this digital transformation process through Oracle will help further assist in expediting growth.”