Oracle solutions for banks in Azerbaijan
November 12 at the JW Marriott Hotel Absheron Baku will be an Oracle Banking Forum.
The event will be held by the representative office of Oracle in Azerbaijan Oracle and sponsored by companies Force Europe, RISK and Ultra. Participants invited leaders and IT- specialists of the companies of the financial sector of Azerbaijan, banks, insurance companies and credit institutions.
Presentations and discussions will cover such topics as the management and analysis in finance, CRM systems and HCM, Risk Management, Procurement Management , and Performance Management.
For effective storage, management, integration, processing, and use of business information, Oracle now offers a variety of software products , which are divided into three product lines . First - business applications, including vertical applications for banks, as well as the application of ERP and CRM (Oracle, Siebel, Hyperion, FlexCube, Reveleus , etc.). The second - an integrated platform application server Oracle Fusion Middleware, designed for efficient development and use of applications, and includes more than 40 pre-integrated products. The third is the database management system Oracle Database.
Work with the financial sector is one of the key areas of Oracle in Azerbaijan. A number of companies have traditionally works with Oracle, as some banks implemented the solution Siebel CRM, which once again proves the high demand for this product in the market. Also , by using Oracle tools are upgraded and the expansion of remote services in a number of other organizations of the financial sector.
For registration to participate in the Oracle Banking Forum please email gunel.zimova@oracle.com. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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