Oracle Academy and SMU Collaborate to Prepare Students for 21st Century Careers in the Financial Services and Banking Industries
Singapore, 21 May 2012 – The School of Information Systems (SIS) at the Singapore Management University (SMU) is collaborating with the Oracle Academy to offer its students the opportunity to gain in-depth knowledge of core banking processes to prepare them for 21st century careers in the financial services and banking sector.
Beginning in August this year, all students from the SMU SIS postgraduate Masters of IT in Business (Financial Services), or MITB-FS, as well as the undergraduate BSc (IS Management) programmes, will be able to develop financial services industry expertise through hands-on training using Oracle FLEXCUBE, a leading core banking solution adopted in the banking sector. Additionally, students can use Oracle FLEXCUBE as a platform for their industry projects - to implement innovative banking products, develop new services, and streamline banking processes.
This Oracle Academy and SMU SIS collaboration around Oracle FLEXCUBE follows a successful pilot project which started in April 2012.
“By working with the Oracle Academy, we can expose students to best-in-class products that address complex business processes currently being used in banks to promote real-world experience. This experience with end-to-end banking processes, along with their out-of-class assignments and projects, will give students a strong competitive edge, encourage innovative thinking, and help them stand out when they embark on their careers in the financial services sector,” said Steven Miller, SMU’s Dean for the School of Information Systems.
He added, “This initiative is in keeping with SMU’s pedagogy that focuses on interactive learning, industry-relevant knowledge and early exposure to leading edge methods, tools, and applications. We are confident that integrating Oracle FLEXCUBE into our curriculum will add significant value to our Masters and undergraduate programmes that focus on Banking TOPS (Technology, Operations, Processes and Service Innovation). This will help make our graduates even more sought-after by potential employers in financial services.”
“Oracle FLEXCUBE is an industry leader in core banking systems, and we are proud to help further expand the ecosystem of Oracle FLEXCUBE highly-trained and experienced professionals globally. The collaboration between SMU SIS and the Oracle Academy is an example of this expansion, and we are excited to be a part of this effort to promote hands on learning in modern core banking technology to help drive innovation and transformation,” said Chet Kamat, Managing Director & CEO, Oracle Financial Services Software Ltd.
“Oracle understands the industry’s need for well-trained, highly-skilled technology professionals who are able to keep up with the fast-paced economic growth in the region,” said Kevin Walsh, Chief Technology Officer, Oracle Asia Research and Development Centers. “Since 1993, we have worked to advance education with state-of-the art technology programmes, like the Oracle Academy, that prepare students for life and work in the 21st century. By working together, Oracle and SMU are making a direct investment in developing the Singapore workforce and improving service delivery in the financial sector.”
· Oracle Academy
· Oracle FLEXCUBE Core Banking
· Oracle FLEXCUBE Universal Banking
About SMU Master of IT in Business – Financial Services (MITB-FS)
Singapore’s increasing stature as Asia’s banking and financial hub demands a new breed of business IT professionals for a vibrant, robust and resilient Financial Services sector. SMU MITB-FS is a pioneering, intensive programme designed to groom world-class financial service professionals in process management, operations, technology solutions and innovation strategies. The curriculum, with inputs from hundreds of industry experts, provides in-depth knowledge of business methods and management concepts that are essential for taking on additional responsibility and leadership roles in the Technology and Operations groups of banking organisations. MITB-FS is aimed at Technology & Operations (T&O) professionals wanting to enhance their knowledge to advance their career and for other professionals aspiring to embark on banking T&O careers. The course can be taken full-time (12 months) or part-time (24 months). http://www.smu.edu.sg/MITB
SMU School of Information Systems also offers a BSc (IS Management) Programme which firmly establishes its students in foundations and applications of information systems technology and information systems management in the context of business. Students in the programme may choose to take a concentration track in banking processes and technology. This track includes IS Depth Electives in retail banking, financial markets and e-payments.
About The Oracle Academy
The Oracle Academy provides a complete portfolio of software, curriculum, hosted technology, faculty training, support, and certification resources to secondary and higher education institutions for teaching use. Faculty can insert these resources into computer science and business programmes, ensuring that students gain industry-relevant skills prior to entering the workforce. The Oracle Academy supports over 1.5 million students in 95 countries. To learn more, visit http://www.oracle.com/academy.
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