First Banking Corporation selects FLEXCUBE

Circuit EC / Mumbai

i-flex solutions, a provider of information technology solutions to the financial services industry worldwide, announced that First Banking Corporation (FBC), Zimbabwe has selected FLEXCUBE to upgrade its existing IT infrastructure and centralise its operations. The order was won following a highly competitive bid and evaluation process. The bank will be deploying FLEXCUBE Core Module, FLEXCUBE Corporate, Channels, FLEXCUBE Investor Services, FLEXCUBE Dealer and FLEXCUBE @ — Internet Banking Application.

“We have settled for a system that will ensure that we achieve superior customised delivery of service to our customers. Convenience and innovation are central to our strategy and FLEXCUBE met these critical criteria.” said Livingstone Gwata, managing director, First Banking Corporation.

“We are proud to partner with First Banking Corporation. Our expertise in deploying core banking solutions in diverse financial markets, and specifically in the African continent, gives us the edge to win highly competitive bids,” said Rajesh Hukku, chairman and managing director, i-flex solutions.

“The product will enable the bank to expand its offerings and simultaneously help optimise and streamline overall operations,” he added.

i-flex solutions already has a strong presence in the financial services market in Africa. The company has provided and supported technology solutions to over 100 customers in Africa across 17 countries and has a direct presence in 5 African countries.

FLEXCUBE is i-flex’s flagship product suite for consumer, corporate, investment and Internet banking, asset management, and investor servicing and is being used by more than 130 customers across 50 countries. many of which are leading financial institutions, including IMF, North Carolina Department of State Treasurer, Citibank, UBS Warburg, DBS Bank, Rabobank International, Shinsei Bank, DGZ-Dekabank, and in India HDFC Bank, Syndicate Bank and Karur Vysya Bank among others.

Since 1999, FLEXCUBE has consistently ranked among the world’s top-two selling wholesale back-office banking systems in the Sales League Tables of the UK-based International Banking Systems (IBS).