KBZ Bank Digitizes For Innovation And Scale With Oracle
Oracle News, Tuesday, November 14,2023
Myanmar's biggest private sector bank drives over 80 percent of its millions of customers to digital traffic and services more than 15 million transactions each month with Oracle's banking solutions
Kanbawza Bank (KBZ), the largest privately-owned bank in Myanmar, continues to modernize its banking operations with Oracle. By upgrading to the latest versions of Oracle FLEXCUBE Universal Banking and Oracle Banking Payments, KBZ has been able to rapidly scale its business to deliver new services to market while increasing efficiency and lowering cost. This includes processing 15 million transactions a month and completing its end-of-day processing cycles under 90 minutes. KBZ will also use these new solutions to accelerate its Financial Inclusion initiative in Myanmar.