Academic journal article ABA Banking Journal

I-Flex Makes Banking More Intelligent, Flexible

Academic journal article ABA Banking Journal

I-Flex Makes Banking More Intelligent, Flexible

Article excerpt

Ensuring customers are satisfied while keeping costs low is the rallying cry of every business--especially banking. But with customers remotely accessing accounts from multiple channels at the same time, how can financial services institutions (FSIs) ensure they're serving customers quickly, intelligently and accurately?

Pulling It All Together

FSIs are evolving to a business model that provides a variety of services to their customers, offers greater customer and business intelligence, delivers high availability and reliability and allows them to get new products to market quickly in a cost-effective manner. Major challenges to be sure. An even greater challenge, however, lies in finding software and hardware solutions that deliver everything an FSI needs to help it compete, and nothing it doesn't need.

Back-Office Processing Made Manageable

Whether you're in the corporate, retail or investment banking business, the most cost-effective and flexible computing architecture is standards-based--and ideally modular. Recognizing the industry's need for standardsbased and modular systems, i-flex solutions developed FLEXCUBE *--a highly modular system that offers financial institutions the ability to choose the right set of modules for their business.

The FLEXCUBE solution has been chosen by more than 120 customers in over 45 countries worldwide and has been ranked among the world's two largest-selling wholesale and retail back-office banking systems in 2001. (1)

The solution suite includes:

* FLEXCUBE. A banking back-office and transaction processing system

* FLEXCUBE @. A multi-channel e-finance platform for Web-based services

* FLEXCUBE Information Center. A business intelligence solution that offers a set of specialized analytical applications

The FLEXCUBE solution is built on a highly scalable, n-tier distributed architecture that allows FSIs to deploy the exact functions they need, while easily adapting to growing data volumes. There's no easier, more cost-effective way to provide 24x7 real-time transaction processing across the multiple delivery channels that today's banking customers demand. …

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