Banco Económico
1st MPLA Congress n 8,
Luanda, x,
Angola
Luanda, x,
Angola
244 222-693-636
Banking and Financial Services
Banco Económico Technographics
Banco Económico Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Banco Económico and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 1500 Banco Económico employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Banco Económico has purchased the following applications: Oracle Flexcube for Core Banking in 2018, ProcessMaker BPM for Process Mining in 2011, Cisco Webex Meetings for Audio Video and Web Conferencing in 2020 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Banco Económico is running and its propensity to invest more and deepen its relationship with Oracle , ProcessMaker , Cisco Systems or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Banco Económico revenues, which have grown to $95.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Banco Económico intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Banco Económico Tech Stack and Enterprise Applications
Banco Económico ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle Flexcube | Core Banking | ERP Services and Operations | n/a | 2018 | 2018 |
In 2018 Banco Económico upgraded Oracle Flexcube Universal Banking System from version 7.1 to 12.4 as part of a Core Banking renewal program in Angola. The implementation focused on stabilizing the bank core processing stack to support retail and corporate account servicing, back-office settlement, and channel integration for a mid-sized bank environment.
The deployment centered on configuring Oracle Flexcube modules for deposits, account management, loans and credit management, and payments processing, with explicit alignment to the bank's product catalogue and local regulatory posting rules. Work included integration touch points for card and terminal processing, lending workflows, and securities lifecycle processing consistent with the bank's existing applications portfolio.
Integration architecture was implemented using Oracle SOA Suite as an enterprise service bus to orchestrate web services, MQ, SWIFT, ISO messaging, and file-based interfaces between Oracle Flexcube and peripheral systems. Known integrations included the Tranzway cards and payments terminal core, Sifox securities and stocks management, a lending and credit management system, university protocol applications, and an API management layer to support an open banking strategy.
Governance and delivery were structured around a design authority and application integration leadership model, with change control applied to configuration, interface contracts, and messaging standards. The upgrade followed a staged rollout path from 7.1 to 12.4, coordinating cross-functional teams across core banking, payments, securities, and channel operations, while preserving integration contracts through the SOA mediated architecture.
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Banco Económico Analytics and BI
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| ProcessMaker | Legacy | ProcessMaker BPM | Process Mining | Analytics and BI | n/a | 2011 | 2011 |
In 2011, Banco Económico implemented ProcessMaker BPM as a Process Mining solution to automate and instrument its end to end credit and loan workflows. Banco Económico retained ProcessMaker professional services to model the bank’s credit process and to execute a jointly authored Statement of Work covering application intake through disbursement, ensuring the project timeline and scope were defined by bank stakeholders and ProcessMaker consultants.
The ProcessMaker BPM deployment delivered modeled flows for application, review and approval, registration, and disbursement, and included electronic forms for credit applications designed to match the bank’s existing paper forms to preserve regulatory compliance. ProcessMaker BPM was configured to generate role based tasks, automated routing for approvals, and the report and alert capabilities used during startup to surface status and exception conditions to operational users.
Integration work included a secure web services connection between ProcessMaker and the bank’s back end system, referred to in project documentation as the SFI and also described as the bank’s Integrated Financial System IFS, using the ProcessMaker Web Services API. This integration enabled two way exchange of customer and transaction data so information obtained and generated in ProcessMaker BPM is recorded in the IFS, and data from the IFS is dynamically consumed within the automated credit workflows, operating transparently to users.
Governance and rollout were structured around the SOW, with a hybrid implementation team composed of ProcessMaker and Banco Económico professionals, and with the bank’s legal team validating contract printing and presentation formats. ProcessMaker also developed numerous operational reports that were critical in the startup phase, and the automated process included automatic alerts for delays or special conditions to support operational oversight.
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Banco Económico Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Cisco Systems | Legacy | Cisco Webex Meetings | Audio Video and Web Conferencing | Collaboration | n/a | 2020 | 2020 |
In 2020, Banco Económico deployed Cisco Webex Meetings from Cisco Systems as its Audio Video and Web Conferencing solution. The deployment is exposed on the bank's public website to provide web-based meeting access and customer-facing conferencing entry points.
Cisco Webex Meetings was configured to deliver scheduled and ad hoc web conferencing, video and audio sessions, screen sharing, meeting recording, and host-level participant controls. The implementation uses Cisco Webex Meetings native capabilities for browser-based join flows, meeting security controls, and meeting administration.
Operational coverage focuses on using the corporate website as a primary access channel for external stakeholder engagement while also supporting internal collaboration workflows. Governance emphasizes centralized platform administration, meeting policy configuration, and access control settings to manage usage and security of the Audio Video and Web Conferencing environment.
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Collaboration | Collaboration |
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2020 | 2020 |
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Banco Económico Content Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Web Content Management | Content Management |
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2020 | 2020 |
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Banco Económico CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Marketing Automation | CRM |
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2017 | 2017 |
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Banco Económico ITSM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Performance Management | ITSM |
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2020 | 2020 |
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Banco Económico IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Hosting and Computing Services | IaaS |
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2016 | 2016 |
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Application Hosting and Computing Services | IaaS |
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2017 | 2017 |
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Application Hosting and Computing Services | IaaS |
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2019 | 2019 |
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Application Hosting and Computing Services | IaaS |
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2019 | 2019 |
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Application Hosting and Computing Services | IaaS |
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2020 | 2020 |
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Content Delivery Network | IaaS |
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2018 | 2018 |
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Content Delivery Network | IaaS |
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2017 | 2017 |
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Banco Económico CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Web Application Firewalls (WAF) | CyberSecurity |
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2021 | 2021 |
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IT Decision Makers and Key Stakeholders at Banco Económico
| First Name | Last Name | Title | Function | Department | Phone | |
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| No data found | ||||||
Apps Being Evaluated by Banco Económico Executives
APPS RUN THE WORLD tracks software evaluation trends across 2 million companies worldwide, including buyer insights from Banco Económico IT executives and key decision makers. As part of ARTW Buyer Intent and technographics insights, these findings provide useful visibility into the Banco Económico digital transformation priorities and AI adoption trends.
| Date | Company | Status | Vendor | Product | Category | Market |
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FAQ - APPS RUN THE WORLD Banco Económico Technographics
Banco Económico is a Banking and Financial Services organization based in Angola,
with around 1500 employees and annual revenues of $95.0 million.
Banco Económico operates a diverse technology stack with applications such as
Oracle Flexcube, ProcessMaker BPM and Cisco Webex Meetings,
covering areas like Core Banking, Process Mining and Audio Video and Web Conferencing.
Banco Económico has invested in cloud applications and AI-driven platforms to optimize efficiency and growth,
collaborating with vendors such as Oracle, ProcessMaker and Cisco Systems.
Banco Económico recently adopted applications including
Imperva Sonar in 2021, Cisco Webex Meetings in 2020 and Microsoft 365 in 2020,
highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of Banco Económico’s key decision makers and IT executives,
available to Premium subscribers.
Our research team continuously updates Banco Económico’s profile with verified software purchases,
vendor relationships, and digital initiatives identified from public and proprietary sources.
Subscribe to APPS RUN THE WORLD to access the complete Banco Económico technographics profile,
including detailed breakdowns by category, vendor, and IT decision makers.