The IBM, Oracle and i-flex said on October 15 that the companies will collaborate to provide joint banking customers with infrastructure, services, and support for enterprise applications, core banking, and risk management, says a press release.
The banking collaboration will combine the business and IT architectural leadership of IBM in banks, banking-specific application solutions from Oracle(r), and core banking and risk solutions from i-flex. This combination can help banks today, using proven, market-leading solutions in CRM, Core Transaction Processing, Risk, Analytics and Corporate Operations to translate a bank's business strategies into execution in a timely and effective manner.
The companies announced that the launch of i-flex's powerful retail banking product, FLEXCUBE, on the IBM System z mainframe platform, delivering world-class performance, reliability and security banks require.
Under the companies' banking alliance, IBM plans to expand its services with Oracle and i-flex to help ensure unparalleled integration and support for IBM platforms.
"The collaboration represents a unique combination of leading companies to provide a comprehensive and total solution for top tier banks to migrate to the integrated banking applications and platforms of the future," said R. Ravisankar, CEO, International Operations and Business Development, i-flex solutions. "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."
"Large banks are now more aggressively using leading edge IT systems to meet growth targets.
As bankers increasingly select innovative solutions to drive revenue, they need help planning IT strategy, designing next-generation architectures and deploying and supporting applications," said Ian Hurst, General Manager, Banking and Financial Markets Industries, IBM.
ABOUT I-FLEX SOLUTIONS:
i-flex(r) solutions is a world leader in providing IT solutions to the financial services industry, with more than 660 customers in over 120 countries. i-flex's range of products, custom solutions and consulting services enable financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk.