Chile's Banco Bice to roll out 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:

Banco BICE, has chosen FLEXCUBE Universal Banking for its core banking operations. The bank will deploy FLEXCUBE at its base in Santiago and in all its branches in Chile.

Banco BICE undertook a comprehensive evaluation process of several leading providers that spanned several months. It was looking for a modern, state-of-the art solution with a proven track record in Chile. FLEXCUBE was the solution of choice because of the flexibility it offered business users as well as its adaptability to local practices. The bank expects to replace its legacy product processors with FLEXCUBE in a phased manner.

Banco Bice joins the growing installed base of FLEXCUBE customers in the region and in Chile.

Pedro Robles, Chief Operating Officer, Banco BICE said, "The towering reputation of i-flex in the region is that of a solution provider with rich banking expertise and deep understanding of local business requirements. FLEXCUBE offers best - of - breed, world class banking processes. By using the solution, we are confident of further improving our operational efficiency and reducing the operational risks implicit in legacy systems."

Commenting on the growing presence in Latin America, Kishore Kapoor, Senior Vice-President, i-flex solutions said, "This win is a reinforcement of the compelling value that Oracle and i-flex solutions bring to a regional financial institution like Banco Bice. We are sure that more banks in the region will soon derive the benefits of an agile core banking system that enables them to serve their customers better and faster."

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