Central American Bank for Economic Integration live with Flexcube

Source: i-flex solutions

i-flex solutions (Reuters: IFLX.BO & IFLX.NS), a leading provider of IT solutions to the global financial services industry today announced that its flagship product FLEXCUBE core banking solution has been successfully implemented by Central American Bank for Economic Integration (CABEI), (Banco Centroamericano de Integración Económica), a leading financial institution in Central America.

CABEI, whose partners are the governments of Honduras, Guatemala, El Salvador, Nicaragua, Costa Rica, México, Republic of China (Taiwan), Argentina, Colombia, Spain, Dominican Republic and Panama replaced their existing core banking system, that lacked the flexibility and functionality needed by the bank to sustain its future growth, with FLEXCUBE. CABEI will use FLEXCUBE to enhance its capacity for product innovation and support its objective of promoting inter-regional economic growth and productive employment.

"We believe that the success of CABEI is directly linked to technology that enables us to engage with our customers better. We found unmatched versatility and functionality in FLEXCUBE among all the options we evaluated. i-flex has built an excellent track record in the region with its best practices and robust implementation methodology and ensured that this project was on-budget and on-time," said Dr. Harry Brautigam, Executive President, CABEI.

"We are extremely proud that CABEI has gone live with FLEXCUBE. In addition to 20 customers in this region, this landmark engagement in Honduras is a glowing testimony of how i-flex and FLEXCUBE continue to provide Banks with a sustainable edge over their competition," said Joseph John, Executive Vice President, Banking Products Division, i-flex solutions. He added " Our partner everis consulting engaged with i-flex and the bank to make this a remarkable success in the region".

Benito Vázquez, Managing Director and CEO, from everis said, "Our alliance with i-flex enables us to offer our clients the best mix of a leading world-class core banking platform with deep knowledge of the financial industry in the region and local support." He remarked "we are pleased to team up with i-flex for the CABEI engagement and glad about the positive outcome ".

everis, a multi-national consulting firm has engaged as an SI partner with i-flex solution to enable FLEXCUBE rollout for the South American market. As part of this partnership, everis will provide implementation, support and maintenance services for FLEXCUBE to banks in the region.

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