- CEO
- Avadhut Ketkar
- Full Time Employees
- 9,155
- Sector
- Technology services
- Industry
- Packaged software
- Address
- Oracle Park Mumbai MA India 400063
- IPO Date
- Jun 28, 2002
- Business
- Oracle Financial Services Software Limited (OFSS.NS), a subsidiary of Oracle Global (Mauritius) Limited, develops and provides financial technology solutions and services to banks, insurers and other financial institutions worldwide; headquartered in Mumbai, India, and founded in 1990 as i-flex Solutions. The company operates primarily through its Products division, offering a comprehensive suite of banking software including Oracle FLEXCUBE Universal Banking, Oracle Banking Accounts, Oracle Banking Origination, Enterprise Limits and Collateral Management, Virtual Account Management, Oracle Banking Treasury Management, Oracle Banking Payments, Oracle Financial Services Analytical Applications, profitability management tools, fund transfer pricing applications, anti-money laundering solutions, compliance management systems, risk management platforms and business analytics applications; these cover retail banking, corporate banking, investment banking, treasury, payments, lending, trade finance, asset management, private wealth management, funds, cash management and regulatory compliance across cloud and on-premises deployments. It also provides IT solutions, consulting, custom application development, IT infrastructure management and business process outsourcing through its PrimeSourcing division. OFSS serves clients in over 100 countries with a focus on North America, Europe, Middle East, Asia-Pacific and emerging markets. In recent developments, the company secured multiple strategic deals in fiscal 2025 including extensions and new implementations of Oracle Financial Services Analytical Applications Cloud Service with major banks in the US, UK, Canada, Italy, UAE and Japan; a Japanese bank expanded partnership for cash, liquidity and virtual account management; a Gibraltar-based bank selected core banking, digital banking, API banking, origination, payments, treasury, trade finance and branch servicing applications; UAE and Malaysian banks adopted core banking, trade finance and corporate lending solutions; a Taiwanese bank implemented supply chain finance applications; and Niva Bupa Health Insurance in India signed for analytical applications; revenue grew 7% in fiscal 2025 to INR 6,847 crore with product licenses comprising 91% of business and license/cloud signings rising to US$137 million in FY24.