International Financial Business Solutions, (IFBS AG), a Zurich headquartered leading global provider of Securities Lending, Repo and OTC Derivatives Collateral Management solutions, continued its expansion into the US and Asian markets with the formalization of an integration services partnership with i-flex solutions.
IFBS's FINACE application solutions are used by a growing number of leading global investment banks and securities and investments firms. i-flex, has serviced over 600 customers in 120 countries and exclusively focuses on supporting the Financial Industry and has a Consulting and Systems Integration group as one of its divisions.
IFBS will team with i-flex to offer Securities Lending customers an end-to-end implementation and on-going service and support. The partnership will provide comprehensive business and technology project management that will ensure the success of FINACE's global implementations. FINACE is the unique fully integrated solution that supports the future business model within all Securities Finance and Collateral Management products. The architecture of FINACE is based on a stable, leading edge technology platform that empowers customers to manage complex, scalable business-critical functionality. With flexibility at its core, customer-driven extensions and modifications can be quickly and easily applied to the standard component set. FINACE supports the following business areas: Securities Lending, Repo, Synthetics and OTC Derivatives Collateral Management, enabling customers to adapt a more integrated approach and organizational view of business operations.
"i-flex's very large and successful global organization will be key to our growth strategy and our ability to attract new customers and manage their implementation projects as well as time-to market requirements. i-flex's tremendous global resources will also enable us to deliver a world class service level and support offering round-the-clock," said Felix Oegerli, CEO of IFBS. "i-flex's expertise in securities and investments application technology services and project management coupled with their global resources and economies of scale will help us move ahead rapidly as we continue to innovate creative Securities Lending, Repo and Collateral Management solutions, and I am very excited about this partnership."