ESAF Small Finance Bank Completes Migration to New Oracle FLEXCUBE Core Banking System

ESAF Small Finance Bank has successfully completed its migration from its existing Core Banking System to the new Oracle FLEXCUBE platform on October 26, 2026. The bank announced the development in a regulatory filing to the stock exchanges, stating that the migration also included upgrades and implementation of various business applications, its data centre and other related applications.

The bank said the migration is an important milestone in its ongoing digital transformation programme. The new system is expected to strengthen its technology infrastructure, improve operational efficiency, enhance system stability and scalability, and improve banking service capabilities. It is also aimed at strengthening the bank’s risk management and regulatory compliance framework.

Following the successful completion of the migration, ESAF Small Finance Bank confirmed that its banking services had been restored and were available to customers. The bank also said it was closely monitoring the performance and stability of the new system to ensure the smooth delivery of banking services.

Oracle FLEXCUBE is a comprehensive, universal core banking software solution developed by Oracle Financial Services. It helps financial institutions modernize operations, automate transactions, and run digital banking services.