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Friday, Sep 24, 2004

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i-flex inks pact with PeopleSoft

Our Bureau

Bangalore , Sept. 23

BFSI software vendor i-flex Solutions Ltd has entered into an alliance with PeopleSoft to develop and market an integrated solution for the banking industry. According to a company release, the announcement was made on Thursday at the Connect 2004 User Conference in San Francisco.

The new combined solution will provide integration between Flexcube, the corebanking suite from the Indian BFSI software provider and PeopleSoft's financial management and customer relationship management applications. The integrated application would allow banks to streamline the processing of all financial transactions such as customer deposits and withdrawals, security trades, loan payments and teller transactions from the core banking system to the bank's financial systems.

"Banks are seeking an enterprise-wide view of their products and services so that they can monitor volume and the rate of return," Mr R. Ravisankar, CEO, International operations, i-flex Solutions, was quoted as saying in the release.

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