ACCBank selects I-Flex solution

By siliconindia   |   Monday, 16 June 2003, 19:30 IST
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BANGALORE: ACCBank, one of IrelandÂ’s most dynamic and innovative banks, has selected i-flex solutions as its banking solution provider. ACCBank will implement i-flexÂ’s flagship product FLEXCUBE for its banking operations. The selection of FLEXCUBE was based on the scalability and reliability of the solution, as well as its proven international track record. The bank will now have the flexibility to fine-tune and expand its products and services, and provide a range of services for their customers in the business (SME), personal and agri-based sectors. ACCBank has also signed up for Reveleus, the Business Intelligence division of i-flex, to provide the Reveleus FiRE interface for Central Bank Reporting. The Reveleus modules will facilitate data integration and provide interface between FLEXCUBE and S1 Financial Reporting ServicesÂ’ (FRS) FiRE. "FLEXCUBE covers the entire gamut of banking operations and allows us the flexibility to scale up, as the bank grows. Through this relationship we want to leverage i-flexÂ’s experience in working with banking and financial institutions around the world, which will help us to provide a comprehensive range of services to our customers", said Mike Geoghegan, Director of Banking at ACCBank. "We see IT as the enabling driver in our business change process. We aim to build a robust technology infrastructure for the Bank and plan to work collaboratively with i-flex to deliver a solution that will benefit our customers." ACCBank, established in 1927, is a wholly owned subsidiary of Rabobank Nederland. It provides a range of services to the Small and Medium Enterprises, Agriculture and Personal sectors. These services are provided through a nationwide branch network and through specialist business banking centers in Dublin, Cork, Limerick, Waterford, and Galway. "We are proud to be a part of this initiative with ACC Bank and we are confident that FLEXCUBE will be an integral part of the BankÂ’s success and facilitate a difference to the customers of the Bank," said V. Senthil Kumar, Vice President, Europe Sales, i-flex solutions. "Around the world, people are demanding better standard of service from their banks and we are happy to provide our expertise."