IBM and i-flex extend retail banking alliance

IBM and i-flex extend retail banking alliance

I-flex solutions' core banking system is to be made available across the complete range of IBM servers, in an extended global alliance targetting Tier 1 and Tier 2 retail banks.

Under the agreement, i-flex will make its Flexcube for Retail Banking package available, in a phased manner using the enterprise Java beans model, with WebSphere Internet infrastructure software as the underlying platform. Flexcube will also be made available on IBM DB2 Universal Database. The integrated system will be ready for shipping in Q3 2004.

Senthil Kumar, CEO of of i-flex solutions Europe, comments: "The world’s top selling core banking solution supported and enabled by the largest and most experienced technology vendor in the world is a compelling value proposition for any financial institution interested in reducing costs and increasing service levels."

Customers to have used IBM and i-flex in their core banking infrastructure include Syndicate Bank in India, SNS Bank in the Netherlands, and the International Monetary Fund in the USA.

Flexcube, which already runs on IBM's eServer pSeries hardware, is also available on HP, Intel, Microsoft, Sun and Oracle platforms.

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