I-Flex to provide technology solutions to Bahrain Bank
Mumbai: Mumbai-based I-Flex Solutions announced Thursday that it would provide technology solutions to Bahrain's TAIB Bank.
I-Flex would implement Reveleus Basel II Solution to compute regulatory capital and Reveleus Asset Liability Management Solutions to manage liquidity and interest rate risks at the headquarters of TAIB Bank in Manama, the compnay said in a statement.
Oracle, a leading IT solutions major in the world, is the owner of I-Flex. The services include a range of applications software, custom solutions and consulting services which enable financial institutions to slash costs, respond rapidly to market needs, enhance customer service levels and mitigate risks.
I-Flex is now in the process of changing its name to Oracle Financial Services for which it awaits necessary clearances.
IANS
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