i-flex Solutions and FSI launch next generation core banking solution for US Community banks

i-flex Solutions Ltd and Financial Services Inc. (FSI) on November 14, 2006 have announced the launch of FLEXCUBE as a hosted offering to Community banks in the United States.

FSI, an industry leader and a trusted provider of data processing and Item processing services to Community banks for more than 50 years, will now offer FLEXCUBE as a hosted solution. By fusing FSI’s five decades of service bureau experience with the Company’s advanced core banking technology, the two companies will provide unprecedented competitive advantage to their clients. Armed with the new generation technology, community banks will be equipped to compete with large banks and FI’s on an equal footing.

This joint offering provides greater flexibility, improved efficiency, enhanced agility, better profitability and enhanced customer service.

"Banks are struggling to meet the concurrent challenges of increasing competition, rapidly changing market requirements, increasing regulatory complexity and the constraints imposed by inflexible legacy systems," said George Thomas, VP - Customer fulfillment and Solution Architecture. "The compelling combination of the next generation FLEXCUBE platform and FSI’s extensive experience in supporting community banks, will help banks in this segment achieve competitive advantage."

"This is a powerhouse partnership" said Ed Devejian - Chief Operating Officer of FSI, "Community banks no longer have to endure inflexible, non- integrated technology that doesn’t offer flexibility, agility and completeness of customer view. Our joint value proposition will redefine the Community banking segment in the US."

Source : Equity Bulls

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