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They did good by not switching to the Oracle Banking Platform, after all, it's Oracle.
by RGBCube 3y ago
They did good by not switching to the Oracle Banking Platform, after all, it's Oracle.
- skissane 3y agoLike many Oracle products, they didn't write it from scratch, they acquired it – from Citibank. In the early 1990s, Citibank set up a subsidiary in Mumbai to maintain their banking software, and sell it to other banks. Citibank ended up selling that subsidiary to Oracle, although Oracle is only the majority shareholder, and a minority of the stock is listed on the Bombay Stock Exchange. When I worked at Oracle, I was involved on the periphery of it, in the middleware products that it used, but I never actually saw the product itself.