AIB sues for €84m over botched Flexcube deployment

aib-sign

Allied Irish Bank (AIB) has initiated court proceedings against Oracle Financial Services Software, claiming almost €84 million over a botched Flexcube implementation according to Irish broadcaster, RTE.


AIB signed up for the Flexcube core banking package from Indian vendor i-flex solutions, now called Oracle Financial Services Software, in 2007 to streamline its retail banking operations.


However, RTE says documents submitted by the bank to the High Court claim a series of technical and managem

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