Oracle Financial Services Software Limited (OFSS.BO)
Oracle Financial Services Software Limited operates in the Software - Infrastructure industry of the Technology sector, headquartered in Mumbai, MA, IN. The stock last traded at $11751.00, up 3.26% on the session, giving a market capitalisation of $1.02T. Its beta of 0.50 implies it has historically moved less than the broad market.
Oracle Financial Services Software Limited (OFSS) is a global technology firm dedicated to providing information technology services and business processing capabilities specifically for the financial sector. The company operates through two primary divisions: the sale of product licenses and associated support, and the delivery of IT solutions and expert consulting services. OFSS offers a comprehensive suite of banking platforms, with its flagship product, Oracle FLEXCUBE, catering to diverse banking requirements including retail, corporate, and investment banking, consumer credit, asset management, and investor servicing, alongside payment functionalities. Its portfolio also features the Oracle Banking Digital Experience for modern online banking, Oracle Financial Services Lending and Leasing for asset financing, and Oracle Banking APIs to enable collaborations with external technology partners. The company's broad range of specialized banking products covers numerous operational areas such as universal banking, core banking platforms, investor servicing, enterprise limits and collateral management, Islamic banking, branch operations, origination, cash and liquidity management, corporate lending, supply chain and trade finance, treasury management, virtual account management, and payments. Additionally, OFSS develops industry-specific applications addressing critical functions like risk management, financial operations, treasury activities, front-office support, regulatory reporting, and compliance. Beyond its software products, OFSS delivers consulting and application services via Oracle Finergy, and offers Oracle Financial Services BPO Services for back-office support and contact center solutions. Established in 1989, the company is based in Mumbai, India, and functions as a subsidiary of Oracle Global (Mauritius) Limited.
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