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MCB Bank picks Oracle WebLogic suite to support core banking upgrade

MCB Bank Ltd. (MCB) said it has selected Oracle (NYSE: ORCL) WebLogic Suite 12c to help maximize its ROI from its new core banking application, while enabling faster online banking services and supporting future growth.

MCB has opted to upgrade its core banking system in order to help minimize system downtime and support its rapidly growing online business, as it was now processing more than 400,000 daily transactions for retail and corporate banking services which are estimated to grow to 1m transactions daily over the next few years.

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