i-flex is already providing BNX with offshore product support for their global customers, as well as offshore development, testing services and systems integration services around core BNX products.

The integrated BNX Identity and Access Management suite offers financial organizations the ability to easily provision employee access privileges and identities, strengthen user authentication through a variety of devices such as smart cards and biometrics, and manage passwords to streamline users' access into legacy applications.

i-flex will resell the BNX solutions with its flagship product, FLEXCUBE, which has been ranked the No. 1 selling Universal Banking Solution in the world in 2002 and 2003 by International Banking Systems (IBS-UK). FLEXCUBE is an interoperable and flexible core banking solution designed to easily interface with complex systems and enable banks to quickly respond to the changing business and regulatory environment.

"We're excited to add the BNX Identity and Access Management suite to our product portfolio," said R. Ravisankar, Chief Executive Officer, International Operations and Business Development, i-flex solutions. "We see rapidly growing interest in Identity and Access Management solutions, driven by security concerns, compliance and the need for users to be freed from cumbersome application logon processes. Coupling greater security with improved user and IT productivity is fundamentally appealing to financial institutions. Our expanded offering to include the BNX products will be the preferred solution for our customers."

In this joint announcement, Mike Harper, president and CEO of BNX Systems stated: "We are enthusiastic to have i-flex solutions as our partner. Their success and respect among leading banks globally is impressive, and we look forward to working together on accounts around the world. i-flex's FLEXCUBE product suite, coupled with the BNX Identity and Access Management software suite, offers a compelling solution for financial enterprises worldwide looking to improve customer service, reduce information errors, and strengthen IT security."