Hungarian Bank selects i-flex solutions

Thursday, 20 March 2003, 08:00 Hrs
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BANGALORE: I-flex solutions, a provider of information technology solutions to the global financial services industry, Thursday announced that IC Bank Rt. Budapest, Hungary has selected i-flex’s flagship product FLEXCUBE after a highly competitive bidding and evaluation process.

FLEXCUBE will enable IC Bank to streamline operations in the areas of Bills & Collections, Loans & Deposits, Foreign Exchange and Funds Transfer among others. With the implementation of FLEXCUBE, IC Bank will be able to provide better & faster service to the clients from any branch through a single banking platform.

"We conducted a highly competitive evaluation process where a number of vendors were considered for this critical project. We choose because i-flex because of its robust product suite and highly successful international track record" said, Zsuzsanna Bartyik, Chief Executive Officer, IC Bank. "By deploying FLEXCUBE we will be able to launch new products quickly while reducing operational costs and manual intervention", added Mrs. Judit Kozak, Operations General Manager, IC Bank.

"The decision of IC Bank to deploy FLEXCUBE is further validation of our long-standing mission to be the IT provider of choice for financial services organizations across the world" said R. Ravisankar, CEO, International Operations & Technology, i-flex solutions ltd, "Around the world, people are demanding a better standard of service from their banks and we are happy to provide our expertise to the Hungarian market."

FLEXCUBE is a compressive, modular core banking solution that caters to the needs of modern financial institutions. FLEXCUBE is the choice of more than 130 customers worldwide and the world’s No 1 Banking solution for the year 2002.

Since 1999, FLEXCUBE has consistently ranked among the world’s top-two selling wholesale back-office banking systems in the Sales League Tables of the UK-based International Banking Systems (IBS). FLEXCUBE has also been ranked among the top-two retail back-office banking systems in the Retail Banking Systems (RBS), Sales League Tables for 2001.
Source: IANS
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