Encore for i-flex solutions

For the second year running, the Indian banking software products firm, i-flex solutions, has topped the UK based IBS Publishing league table, an annual list of largest selling banking software all over the world (with 36 new customers in 2003, bringing the total to 170+).

As compared to last year's table, the gap between its flagship product, FLEXCUBE and the second highest selling package has increased over the last year. FLEXCUBE is the only software product designed and developed by an Indian company to feature in the top five banking solutions for 2003.

"This ranking is a reaffirmation of the faith our customers have in us," said Rajesh Hukku, Chairman and Managing Director, i-flex solutions limited. "It also reiterates FLEXCUBE's value proposition of providing a contemporary core banking solution for retail, corporate and Internet banking built on the industry's deepest domain expertise."

FLEXCUBE has 170 customers (as of December 31, 2003) across over 75 countries, many of which are leading financial institutions, including South African Post Office Bank, International Monetary Fund (IMF), North Carolina Department of State Treasurer (NCDST), Citibank, UBS, DBS Bank, Rabobank International, Shinsei Bank, DGZ-Dekabank. Some of the key customers of FLEXCUBE in India include HDFC Bank, Syndicate Bank, Dhanalakshmi Bank and Karur Vysya Bank.

Source: i-flex solutions website

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