i-flex Solutions Named a Leader Among Retail Banking Vendors by Leading Research Firm

i-flex Solutions Ltd on December 01, 2006 has announced that the Company was among the select Companies that Forrester Research invited to participate in its November 2006 Forrester wave report, The Forrester Wave™: Retail Banking Platforms, Q4 2006 and was named a Leader. All the vendors evaluated by the research firm were placed in four "waves": leaders, strong performers, contenders, and risky bets.

"i-flex solutions was recognized as a leader in The Forrester Wave of retail banking platforms Q4 2006. i-flex's FLEXCUBE® received the highest score on current offering and also racks up high marks for strategy." The report added that "FLEXCUBE is a good shortlist choice for banks that need a banking platform: for comprehensive functionality; want a strong multichannel solution; want to go into the direction of Oracle Fusion; or are seeking an agile banking platform that is able to cope with changing business needs".

i-flex’s FLEXCUBE scored 4.29 the highest for its current offering out of a possible scare of 5. Weightages were given to parameters such as functional depth and breadth, multichannel enablement, platform agility and architecture and development.

Speaking on the occasion - R Ravisankar, CEO - International Operations & Business Development said, "We are pleased to note that FLEXCUBE's flexibility and agility is being validated again by the marketplace. Banks need to constantly innovate in this increasingly complex environment to gain competitive advantage and FLEXCUBE can be a vital tool to achieve better differentiation and deeper customer engagement."

Source : Equity Bulls

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