Mumbai: i-flex Solutions, the leading global IT solutions provider for the financial services industry, says the International Monetary Fund (IMF), an international organisation of 184 member countries, has selected i-flex's flagship product, Flexcube, to replace its legacy core banking application and operations infrastructure. Flexcube will enable the IMF to streamline operations in the areas of lending, deposits, financial accounting and business intelligence.
Working with i-flex, the IMF has completed the fit Gap analysis and is starting implementation with a target cut over date of May 2003. With the implementation of Flexcube, a complete product suite of applications for financial services IT systems, the IMF expects to achieve substantial improvements in service levels, efficiency and process streamlining.
After a rigorous evaluation of many vendors across the globe, the IMF selected Flexcube Corporate with Workflow, Flexcube@Internet Banking Suite and Flexcube Information Center, based on the product competency to address the IMF's business needs.
i-flex Solutions' proven international track-record and its ability to implement scalable and reliable solutions further reinforced the IMF's decision to replace its legacy core banking system with Flexcube.