about using Flexcube for corporate banking and mortgages. The latter would be an extension of the lending functionality of Flexcube and would be a joint development as Flexcube is not tailored at present for the Dutch market. 'There seems to be a willingness from Oracle to invest.' It is another area where Friesland Bank looked at BPO options and felt there was not a business case.
In summary, it seems clear that the bank is in a much better shape second time around with its core system effort because of the lessons from its first attempt. It makes a very strong argument now for the phased approach and can show clear areas where this has helped it to head off issues at an early stage, hopefully paving the way for smooth progress as it moves onto more strategic areas than the initial SEPA focus. As a textbook study on lessons from a core banking system implementation, it may currently be lacking a definite happy ending but it is a valuable story for other banks embarking on the journey.
