Three Flexcube wins show increasing product momentum

Mumbai, June 26 (UNI) i-flex solutions, a leading provider of technology solutions to the global financial services industry announced today that three premier financial institutions in Africa have selected FLEXCUBE as the core banking solution for their respective institutions.

They are the Uganda headquartered East African Development Bank, Imperial Bank leading private bank in Kenya and United Bank S.C one of the most profitable banks in Ethopia. They join 50 financial institutions that are already i-flex's customers in East Africa, a press release here said.

The three institutions face different business challenges and their respective choices are evidence of the universality of FLEXCUBE and its appeal to banks of all sizes and profiles. The banks each conducted a comprehensive evaluation and chose FLEXCUBE because of its obvious superiority over the other products. Its track record of implementation and support .

Eastern Africa was another factor that weighed in its favour.

The East African Development Bank the leading development bank in East Africa has become the first development bank to select FLEXCUBE in Eastern Africa and is the fifth FLEXCUBE customer in Uganda. It will deploy the solution in Uganda, Kenya and Tanzania.

Imperial Bank, a leading private bank in Kenya has chosen FLEXCUBE to replace i-flex solutions MicroBanker a software solution aimed at the automation of small and medium financial institutions.

Most MicroBanker customers have chosen FLEXCUBE over any competing solution as part of a natural progression when they have chosen to upgrade.

Imperial Banks choice is yet another vote of confidence in i-flex's ability to offer exemplary service that promotes customer loyalty. One of Ethopia's most profitable banks -United Bank has selected FLEXCUBE to enable unified processes and consolidate views of customer transactions. It is the second win for FLEXCUBE in Ethopia.

United Bank plans to offer internet phone banking ATM's and credit card services once it has implemented FLEXCUBE.Said Dr Abdul Malek Jan Mohammed, Managing Director, Imperial bank Limited,'' We want to ensure our existing customers remain our number one brand ambassadors. With the implementation of FLEXCUBE we are confident we will be able to maintain superior service standards and that is the secret of success in any business.'' On selecting FLEXCUBE Mr Berhanu Getaneh President United bank SC said,'' We want to gear up for the future. We looked for a technology platform whose vendors had thought long and hard about the way banking would evolve. It was obvious that i-flex solutions had done this and FLEXCUBE would guarantee our future.'' Speaking on FLEXCUBE success in Eastern Africa, Anil Rai, Vice President Africa sales, i-flex solutions said,'' FLEXCUBE has emerged as a platform of choice for financial institutions in Eastern Africa and we will ensurew that it will remain so.'' UNI LS PM SKB2003