Guatemala-headquartered Banco de Desarrollo Rural (Banrural) has chosen a number of methods and platform from know-how vendor Oracle FS.

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Banrural has signed up for Oracle Flexcube Common Banking, Oracle Banking Funds, Oracle Banking Commerce Finance, and Oracle Banking Treasury Administration.

Banrural is the second-largest financial institution in Guatemala, with round $9.5 billion in belongings.

The financial institution operates 2,000 rural financial savings banks and operates round 6.6 million deposit and financial savings accounts.

That is the primary identified deal for Flexcube in Guatemala. FinTech Futures understands that it beat out competitors from Fiserv.

Flexcube will exchange Banrural’s legacy Cobis core system, offered by regional vendor Cobiscorp.

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