Great future for Banking customers of i-flex, IBM, Oracle from their alliance

This collaboration will combine IBM’s business & IT architectural leadership, Oracle’s banking-specific application solutions, and core banking and risk solutions from i-flex.


i-flex Solutions on Wednesday said that IBM, Oracle and the company will collaborate to provide joint banking customers with infrastructure, services, and support for enterprise applications, core banking, and risk management.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 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 also announced the launch of Company’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 the Company 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, of the Company. “IBM’s proven ability to manage complex systems integration, their experience i-flex applications and phased and evolutionary migration will ensure minimal disruption risk.”