i-flex to provide core banking solution to DBM

Mumbai, Aug 8 (UNI) i-flex solutions, a leading provider of technology solutions to the global financial services industry, today announced that Development Bank of Mauritius (DBM), a premier financial institution, has selected 'Flexcube' as its core banking solution.

With this, DBM has become the third Flexcube customer in Mauritius and one of 50 Flexcube deployments in East Africa, said a DBM press release.

It is also the second development bank in the last six months to select the banking solution in the East African region.

DBM is making a transition from being a development bank to a commercial bank in an increasingly competitive banking environment.

It sees technology as an enabler and wanted a solution that could enhance its flexibility, agility and customer responsiveness.

It made the selection as part of a global tender after evaluating products of four leading international banking software vendors.

''Just as a model is as good as its assumptions, today a banking strategy is only as good as its technological infrastructure. That is why we selected Flexcube. It has been a global market leader for the last four years and i-flex solutions has a reputation for reliability and excellent support. That other banks in Mauritius are using the solution successfully also gave us confidence,'' says B Chooramun, Managing Director, Development Bank of Mauritius, in the release.

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