IBM, Oracle

Mumbai, Oct 11 (UNI) IT giants I-Flex Solutions, IBM and Oracle will now collaborate to provide joint banking solutions to customers. I-Flex today announced that the services would include enterprise applications, core banking, and risk management.

I-Flex Solutions today informed the Bombay Stock Exchange that the banking collaboration will combine the business and IT architectural leadership of IBM in banks, banking-specific application solutions from Oracle and core banking and risk solutions from their company, I-Flex.

This strategic combination can help banks translate their business strategies into execution in a timely and effective manner, they added.

The company also announced the launch of their retail banking product, 'Flexcube', on the IBM mainframe platform.

''The collaboration represents a unique combination of leading companies to provide a comprehensive and total solutions for top tier banks to migrate to the integrated banking applications and platforms of the future,'' the CEO of I-Flex, R Ravisankar said.

''IBM's proven ability to manage complex systems integration, their experience on I-Flex applications and phased and evolutionary migration will ensure minimal disruption risk,'' he clarified.

The three companies share a common vision of the competitive differentiators in banking where institutions must proactively service their customers in a consistent manner through all delivery channels. Furthermore, they must rapidly configure and bundle price product offerings, to respond to market opportunities and instantly leverage all information about clients and markets to manage risk, ensure compliance and define profitability, he added.

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