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Swedbank, a Temenos T24 customer evaluated Oracle Flexcube

Michelin, an e2open customer evaluated Oracle Transportation Management

Westpac NZ, an Infosys Finacle customer evaluated nCino Bank OS

Citigroup, a VestmarkONE customer evaluated BlackRock Aladdin Wealth

Wayfair, a Korber HighJump WMS customer just evaluated Manhattan WMS

Moog, an UKG AutoTime customer evaluated Workday Time and Attendance

Cantor Fitzgerald, a Kyriba Treasury customer evaluated GTreasury

Swedbank, a Temenos T24 customer evaluated Oracle Flexcube

Michelin, an e2open customer evaluated Oracle Transportation Management

Al Yaqeen Bank Tech Stack and Enterprise Applications

Al Yaqeen Bank 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 2019 2019
In 2019 Al Yaqeen Bank implemented Oracle Flexcube as its Core Banking platform, selecting Oracle Financial Services Software components to centralize core account and transaction processing for the Libyan bank. The engagement positions Oracle Flexcube as the bankwide ledger and processing hub for retail and corporate banking operations at Yaqeen Bank, a relatively new Islamic bank licensed in Libya after 2014. The Oracle Flexcube implementation encompassed standard Core Banking capabilities including core ledger management, account lifecycle and customer data, deposits and payments processing, transaction posting and reconciliation, and lending product configuration. Configuration emphasis included support for Shariah compliant product constructs and profit calculation workflows, aligning product definitions and operational rules with Islamic banking requirements. The deployment integrated Oracle Flexcube with Oracle Banking Digital Experience to unify digital channels and front-end customer flows with core transaction processing, providing a consistent pathway between customer-facing channels and the central core. Integration design focused on synchronous transaction posting, real time account balance visibility, and API-driven channel orchestration, enabling the digital channels to leverage Oracle Flexcube transaction services without additional middleware dependencies being named. Governance and process restructuring tied the Core Banking program to Libya's regulatory shift toward Shariah compliance, requiring product governance, compliance checkpoints, and operational procedures to enforce non interest retail rules introduced by legislation. Operational scope covered bank operations across retail, corporate, and digital channel functions, with implementation workstreams organized around product configuration, compliance control points, and channel integration to support launch and ongoing Shariah governance.

IT Decision Makers and Key Stakeholders at Al Yaqeen Bank

First Name Last Name Title Function Department Email Phone
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Apps Being Evaluated by Al Yaqeen Bank Executives

APPS RUN THE WORLD tracks software evaluation trends across 2 million companies worldwide, including buyer insights from Al Yaqeen Bank IT executives and key decision makers. This section highlights Al Yaqeen Bank's latest recorded technology evaluations, including Oracle Flexcube for Core Banking on 2024-07-28. As part of ARTW Buyer Intent and technographics insights, these findings provide useful visibility into the Al Yaqeen Bank digital transformation priorities and AI adoption trends.
Date Company Status Vendor Product Category Market
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FAQ - APPS RUN THE WORLD Al Yaqeen Bank Technographics
Al Yaqeen Bank is a Banking and Financial Services organization based in Libya, with around 1000 employees and annual revenues of $250.0 million.
Al Yaqeen Bank operates a diverse technology stack with applications such as Oracle Flexcube, covering areas like Core Banking.
Al Yaqeen Bank has invested in cloud applications and AI-driven platforms to optimize efficiency and growth, collaborating with vendors such as Oracle.
Al Yaqeen Bank recently adopted applications including Oracle Flexcube in 2019, highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of Al Yaqeen Bank’s key decision makers and IT executives, available to Premium subscribers.
Our research team continuously updates Al Yaqeen Bank’s profile with verified software purchases, vendor relationships, and digital initiatives identified from public and proprietary sources.
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