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Allied Irish Bank Selects i-flex Solutions as Strategic Partner for Transformation of its Retail Operations
Posted On : 2007-04-10 03:26:55( TIMEZONE : IST )
i-flex Solutions Ltd has announced that Allied Irish Bank (AIB), Ireland's leading financial services Company and a top tier bank, has selected the Company as strategic partner in its key retail transformation project.
This partnership supports one of the most important transformational projects in AIB's history. It will deliver an operations structure that will enable the bank to maintain a strong and prominent position in its chosen markets. It also represents one of the largest retail core banking transformation engagements for the Company in Europe.
AIB is using the Company's FLEXCUBE® Core Banking application to help implement a common IT operating model for retail banking operations throughout the Group. This new more streamlined and efficient method of handling customer data will enable AIB to deliver enhanced customer service. It will also provide a strong platform for business growth and development by enabling the bank to respond to market and business developments more quickly and effectively.
Olivier Trancart, Chief Executive Officer, i-flex solutions b.v., said:"We are delighted that AIB has selected i-flex solutions as its strategic partner once again, following the agreement in 2006 to re-engineer its wholesale banking operations. This repeat win -- at a tier one bank -- in the region significantly expands our footprint in Ireland and indeed Europe. It also demonstrates our ability to deliver and implement solutions for multi-branch and multi operations."
FLEXCUBE Core Banking will be implemented across AIB’s Retail banking operations in Ireland and the U.K. This deployment is a key milestone for all the participants in the project.
AIB is already at the implementation stage of the FLEXCUBE Universal Banking Solution rollout for its wholesale banking operations, and the retail transformation project is expected to be completed within the next three and a half years.
