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Rubicon Red deploys Oracle tech for tier-1 Aussie financial institution

Rubicon Red deploys Oracle tech for tier-1 Aussie financial institution

Re-affirms its commitment to helping customers on their digital transformation journey

Rubicon Red CEO, John Deeb

Rubicon Red CEO, John Deeb

Brisbane-based consulting and managed services provider, Rubicon Red, has inked an agreement with a tier-1 financial institution in Australia, to deploy Oracle’s technology for the company.

This “major go-live” was aimed at transforming the lending fulfillment process and workflow for managing business banking landing for this tier-1 financial company, which Rubicon Red declined to name.

Other terms of the agreement were also undisclosed.

Rubicon Red, founded in 2009, is a platinum level member of Oracle PartnerNetwork (OPN), with focus on Cloud, DevOps and 12c migration.

Oracle is its primary vendor partner, but the company also deals with other technologies with automation capabilities, such as AWS and Puppet.

Rubicon Red CEO, John Deeb, said the new system means business banking customers can potentially get the green light on their loan approvals of up to three times faster.

The financial institution was looking to improve on a number of its business metrics, including the time taken to approve loans, and being “close partners with Oracle” led to the making of this deal, Deeb told ARN.

“With 2000-5000 bankers and fulfilment staff interacting with the new system every day, the organisation anticipates significant cost savings and improved customer service, looking to cut loan approval times for business banking customers.”

Deeb explained that Rubicon Red was a “key design and development partner” on this “significant transformation project” that optimises the lending process, a core part of the business.

He said the end-to-end system was implemented using Oracle Business Process Management Suite 12c integrating with a number of key business systems using Oracle SOA Suite 12c running on Oracle Exalogic and Oracle Exadata.

Rubicon Red upgraded the system from Oracle BPM 11g to Oracle BPM 12c, and leveraged Rubicon Red FusionCloud to streamline dev/test in the cloud. The phased go-live, according to Deeb, delivered a “smooth transition” to the new system.

“It builds on our position as a leader in Oracle Middleware, re-affirming our commitment to helping customers on their digital transformation journey.

“We’re going to focus on continuous improvement with this solution and believe that there will be a range of enhancements as it integrates more of its workflow across the business. This is just the beginning of a broader use of the BPM technology,” Deeb mentioned to ARN.

Deeb also said that this deployment reinforces Rubicon Red’s specialisation in both the Oracle technology and the Oracle BPM technology across multiple verticals, especially in Federal Government departments, financial organisations, mining and resourcing, logistics, and transportation.

“As financial institutions and other organisations look to leverage workflow and workflow automation more, they would be looking at partners that have helped other organisations to deliver, maximise customer experience, and creating measurable metrics.”

In September 2016, Oracle honoured its top performing partners across the world, with Rubicon Red taking home the Specialised Partner of the Year: Middleware award.

“Rubicon Red’s recent Oracle Process Cloud Service implementation and on-going investment in the new cloud services positions it perfectly to help our customers on their journey to the Oracle Cloud,” Oracle Corporation vice-president of product management, Vikas Anand, said.


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Tags channel dealsfinanceRubicon RedOracle

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