i-flex®solutions (Reuters: IFLX.BO and IFLX.NS) is a world leader in providing IT solutions to the financial services industry, with more than 600 customers in over 120 countries. Its range of products, custom solutions and consulting services enable financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk.
The i-flex portfolio includes FLEXCUBE®, a complete banking product suite for retail, consumer, corporate, investment and internet banking, and asset management and investor servicing. Since its launch in 1997, more than 250 financial institutions in 100 countries have chosen FLEXCUBE. FLEXCUBE has been ranked the world's No. 1 selling core banking solution for four consecutive years - 2002, 2003, 2004 and 2005 - by the UK-based International Banking Systems (IBS).
Reveleus™ is a suite of analytical applications for the financial services industry focused in the areas of risk management, customer insight, and enterprise-wide financial performance. Reveleus' Risk Analytics product solves the most complex global challenges facing the financial industry today, including multi-jurisdictional Basel II compliance and operational risk management. Reveleus is positioned in Gartner's 'Leaders Quadrant' in its Basel II Risk Management Application Software Magic Quadrant and Tower Group has ranked Reveleus' Basel II solution amongst the best in this domain.
Together with Castek® Software Inc., i-flex offers strategic business software and services for the global Property and Casualty insurance market. Castek provides insurance carriers with a suite of core business processing systems for insurance product and process configuration, policy processing, customer billing, claims management and services. Recipient of prestigious awards, Castek was rated among the 'Top 50 Best Managed Private Companies in Canada'.
PrimeSourcing™, i-flex's global IT services business, provides customized software solutions exclusively for the financial services industry worldwide. It focuses on corporate, investment, private and retail banking, and the Insurance domain, and is backed by top-notch industry consultants, technology experts, and SEI-CMMi Level 5 compliant processes. PrimeSourcing's deep domain expertise helps customers manage challenges associated with complex, mission-critical, outsourced functions. The Division operates development centers across India, the USA, and Singapore. It has a solutions center in Europe, a specialty center around Oracle technologies, a virtual university (Prime University) to enable continuous learning, and dedicated centers of excellence in business intelligence, customer relationship management (CRM), payment solutions, and testing services. With over 3,200 employees, PrimeSourcing has serviced customers in over 40 countries.
The i-flex Consulting and Systems Integration group offers an end-to-end consulting partnership, providing comprehensive business and technology solutions that enable financial services enterprises to improve process efficiencies, optimize costs, meet risk and compliance requirements, define IT Architecture to support future needs, and manage the transformation process. Consulting services are offered in the areas of Business Transformation, Risk and Compliance, IT Architecture and Strategy, IT Governance and Process Improvement and Program Management.
i-flex’s Technology Deployment & Management Services (TDMS) group designs, develops, deploys and manages Information Technology (IT) infrastructure for financial institutions. TDMS' services are based on the COBIT (Control Objectives for Information and related Technology) model, a globally accepted standard for IT management and control framework, and incorporates the best practices of many other standards, including ITIL (IT Infrastructure Library) and BS7799 (ISO17799).
Equinox Corporation, a wholly owned subsidiary of i-flex, provides innovative and cost-effective customer acquisition and knowledge process outsourcing services to the lending industry. With staff strength of over 400 located in Gurgaon, near New Delhi, Equinox has serviced more than 15 customers in the United States. i-flex has over 6,600 employees operating from 14 development centers across India, Singapore and the USA. The company has a strong global reach with a sales, marketing and support presence in 22 overseas locations operating under five subsidiaries (i-flex solutions Inc. in the USA, i-flex solutions b.v in The Netherlands, i-flex solutions pte. ltd. in Singapore, and SuperSolutions Corporation and Equinox Corporation in the USA). In addition, i-flex is represented in over 80 countries through over 30 corporate business partners. i-flex also has strong alliance and/or implementation relationships with industry leaders such as Hewlett-Packard, IBM, Intel, Microsoft and Oracle.
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