I-flex becomes Swift service partner
11 July 2007 | 2196 views | 0
Swift, the globally renowned industry-owned co-operative supplying secure, standardized messaging services and interface software to financial institutions, has accredited i-flex solutions (Reuters: IFLX.BO & IFLX.NS), as a Service Partner.
With this accreditation, i-flex becomes the only organization in India that is accredited both as a SWIFT Service Partner and a SWIFT Solution Partner providing SWIFT labeled applications. SWIFT Service Partners deliver consultancy services, implementation services around SWIFT products, and offer technical assistance in SWIFT connectivity implementations.
V Shankar, Executive Vice President, PrimeSourcing, i-flex solutions said "This is an important step in our continuous pursuit to help our clients maximize the use of technology in their operations. The SWIFT accreditation adds creditability to i-flex's already established SWIFTNet support and consulting offerings and will help us optimize our customer's SWIFT usage and increase their returns from SWIFTNet investments."
i-flex's comprehensive SWIFTNet offerings include SWIFTNet infrastructure support, FLEXCUBE SWIFTNet Services Integrator (FLEXCUBE SSI) suite of SWIFTNet products and consultancy services providing a one-stop solution for the entire SWIFT messaging requirements for banks and financial institutions.
Aydin Erol, from SWIFT's Service Partner program said, "I would like to congratulate the i-flex team for successfully meeting SWIFT's stringent Service Partner accreditation requirements. I am certain that this is the start of a long-lasting and mutually beneficial partnership between the two companies."
Since 2006, i-flex has deployed the FLEXCUBE SSI solution as a strategic SWIFTNet Messaging Hub for its customers. Oracle and i-flex together help corporates manage their payments and cash/account management relationship with banks over SWIFTNet, using the FLEXCUBE SSI solution, providing operational and cost efficiencies.
In addition, i-flex's core banking solution, FLEXCUBE, has also been awarded the SWIFTReady Silver 2007 Label for complying with SWIFT Criteria for its Payments application.
i-flex supports many tier-one banks in their SWIFTNet initiatives such as SWIFTNet phase 2 migration and the implementation of various SWIFTNet business solutions. With this accreditation, i-flex, with its certified SWIFT expertise, is strongly positioned to offer SWIFT Services to SWIFT users globally.