Through the new relationship, i-flex customers deploying i-flex's market leading core banking platform FLEXCUBE, will now be able to fulfill compliance requirements tied to loan, deposit and IRA accounts via Wolters Kluwer Financial Services industry leading electronic documents, built upon the decades of experience and knowledge behind the company's Bankers Systems product line.

"We have been relentlessly expanding our product's capability to match the unique needs of the financial institutions in the United States," said George Thomas, VP - Customer Fulfilment & Solution Architecture, i-flex solutions. "Wolters Kluwer Financial Services expertise in helping financial institutions manage complex account compliance further augments our ability to help them solve their toughest business issues with FLEXCUBE."

"Our new relationship with i-flex continues a strong tradition of working with other industry-leaders to provide even more financial institutions with access to Wolters Kluwer Financial Services expertise in compliance and risk management," said Dave Roy, general manager, Banking, Wolters Kluwer Financial Services.

Wolters Kluwer Financial Services compliance documents help financial institutions comply with regulatory requirements in all 51 U.S. jurisdictions and can be customized as needed according to an institution's specific business practices and policies.

Separately, Idom, a leading provider of banking automation products and management consulting services to the financial sector, has announced an agreement with i-flex solutions, a world leader in providing IT solutions to the financial services industry. IDOM's industry leading regulatory reporting software - REG-Reporter will be positioned for regulatory reporting requirements in North America along with FLEXCUBE, i-flex's market leading core banking solution.

"We couldn't be more pleased with this partnership," states Vincent Raniere, President & CFO of IDOM. "The combination of i-flex solutions as the global leader in banking software solutions coupled with IDOM as the leader in regulatory reporting is a partnership that is destined for success."

"Regulatory reporting is constantly evolving and is a huge challenge for Banks to comply with multiple complex reporting requirements. The partnership with IDOM enables us to offer a unified tool as part of our FLEXCUBE solution suite. We are quite pleased to go to market with IDOM and reduce the regulatory pain-points of our customers," said George Thomas, Vice-President, Customer Fulfilment & Solution Architecture, i-flex solutions.

REG-Reporter completely automates the labor intensive, inefficient regulatory reporting process, end-to-end, mitigating the risks associated with manual report preparation. It automates compliance with reporting requirements to federal and state regulatory authorities and bank management, helping to ensure the accuracy and integrity of financial reports while increasing the efficiency of reporting. In summary, REG-Reporter combines data from all of a bank's source systems (or data warehouse) into a central data repository, where key information is translated into standardized data. The resulting data is then compiled into required report formats recognized by regulatory agencies such as the Federal Reserve Bank.