To Open Support Center in Egypt
Cairo, November 20, 2007: i-flex® solutions (Reuters: IFLX.BO/IFLX.NS), a leading provider of information technology solutions to the global financial services industry, re-affirmed its commitment to the Egyptian financial services industry. As i-flex builds on its long, successful partnership with the Egyptian financial services industry--including Banque Misr, Banque Du Caire, Credit Agricole, Barclays Bank and Citibank -- it looks to further strengthen and reiterate their commitment through providing world-class IT solutions that will empower the industry.
Announcing its success in Egypt, N.R.K. Raman, Managing Director and Chief Executive Officer, i-flex solutions said, "Egypt is a strategic market for us and we are proud of our partnerships and the success we have achieved in the market. It is estimated that a substantial percentage of the total banking transactions in Egypt are handled by banks that use FLEXCUBE®, i-flex's core banking solution."
Re-affirming i-flex's commitment to the Egyptian market Raman said, "IT usage among Egyptian financial institutions are fast growing and maturing. To provide these institutions with enhanced support levels, i-flex plans to open a support center in Egypt by the first quarter of 2008. This center can not only support our customers in Egypt, but also can serve as the hub for the Middle East, Africa and Southern Europe. We are excited about the local talent available in Egypt."
i-flex offers end-to-end portfolio of solutions to the Egyptian financial services industry
i-flex solutions offers the Egyptian financial services industry a range of solutions. Said Raman, "the Egyptian financial services industry is at the threshold of significant growth and is looking at technology as a key growth enabler. With successful customer partnerships in the country, i-flex is in a strong position to provide world-class solutions, localized to address the unique requirements of the market. For example, FLEXCUBE supports multilingual Arabic screens for Egyptian customers. Our extensive experience in servicing financial institutions across the globe is an added advantage."
i-flex's portfolio of solution includes the FLEXCUBE suite of products -- a complete banking product suite across retail, consumer, corporate, investment banking, asset management, investor servicing, and payments, among others. i-flex also offers specific solutions for the lending, private and Islamic banking domains.
Through ReveleusTM and Mantas®, i-flex offers a single, unified platform for Governance, Risk and Compliance (GRC). i-flex's global IT services division, PrimeSourcingTM, provides customized software solutions exclusively for the financial services industry. The i-flex ConsultingTM division, provides an end-to-end consulting partnership for comprehensive business and technology solutions; and i-flex Processing Services (iPSL), provides asset management, financial modeling and valuation and Business Process Outsourcing (BPO) services.
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About i-flex solutions
i-flex® solutions (Reuters: IFLX.BO and IFLX.NS), majority owned by Oracle, is a world leader in providing IT solutions to the financial services industry, with more than 775 customers in over 130 countries. Its strategy for financial services addresses the challenges that financial services institutions are faced with today. Its range of applications software, custom solutions and consulting services enable financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk.
Together, Oracle and i-flex solutions offer financial services institutions the world's most comprehensive banking applications and technology footprint to address complex IT and business requirements.
i-flex and FLEXCUBE are registered trademarks of i-flex solutions. Reveleus, Daybreak, Mantas, PrimeSourcing, i-flex Consulting and iPFB are trademarks of i-flex solutions and are registered in several countries.
All other company and product names are trademarks of the respective companies with which they are associated.
For information, please visit: www.iflexsolutions.com
For more information on the press release, please contact:
Anish Augustine
i-flex solutions
Phone: +91-80-6776 5092
Mobile: +91-9886161222
E-mail: Augustine.anish@iflexsolutions.com
Shanda Doherty
Fourth Dimension Public Relations
Phone: +(202)- 3760 9988
Mobile: +(2)- 010 469 4078
Email: shanda@fdpr.net
© Press Release 2007
