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Info-Tech - Alliances & Joint Ventures
Money & Banking - Software
i-flex, Munich co join hands

Mumbai, Nov 21

i-flex Solutions Ltd and IZB Informatik-Zentrum, a Munich-based IT and telecommunication service provider, have partnered to deliver a full range of banking application services to German banks. Through this arrangement, i-flex and IZB Informatik-Zentrum will deliver banking application services such as core banking, lending, risk and internet banking functions in addition to integration and allocation of specific German banking services to banks throughout Germany. IZB In formatik-Zentrum will be using FLEXCUBE®, i-flex’s flagship product, IZB Informatik-Zentrum is a subsidiary of Sparkassen Informatik, Frankfurt, which is a IT service provider for savings banks in Germany and one of the largest IT service providers in Europe. The i-flex scrip was down by 2.97 per cent to close at Rs 1356.2 on the BSE today.

– Our Bureau

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