i-flex in pact with Taiwan bank

By agencies   |   Tuesday, 19 April 2005, 19:30 IST
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MUMBAI:Taiwan based Ta Chong Bank has selected i-flexÂ’s Flexcube and Reveleus software product suites. Flexcube, i-flexÂ’s flagship product and the world's largest selling banking solution, will serve as Ta Chong Bank's single back-office processing engine for its retail, corporate and investor services businesses. Reveleus, the business intelligence and analytical application division of i-flex will help the bank implement Basel II Solution, Enterprise Financial Performance, Funds Transfer Pricing and Customer Relationship Management (CRM) Analytics. i-flex, which is the world's leading banking software maker, and operates in Asia-Pacific out if its Singapore-based subsidiary, i-flex solutions Pte Ltd, is making its entry into the Taiwanese banking industry with this contract. i-flex is looking at the Taiwan banking and financial services industry as a key growth market in the Asia Pacific region. As banks in the region grow their businesses, the company, with its experience of having serviced over 525 customers in 110 countries, sees itself as a leading partner of choice for banks who wish to adopt global best practices in financial services technology. Deepak Ghaisas, CEO and CFO, of i-flex said, "As a company focused on the banking and financial domain, we have unmatched global expertise along with a comprehensive line of solutions for financial institutions. Our products enable banks to meet the requirements of an increasing and demanding customer base, reduce operating costs and manage risk and compliance proactively. Ta Chong Bank provides a great opportunity to showcase our solutions in Taiwan, and we look forward to a successful implementation

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