i-flex Solutions

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This theread is for company information about i-flex solutions.


i-flex provides comprehensive IT solutions exclusively to the financial services industry worldwide.

We have serviced over 810 customers in more than 130 countries through our portfolio of products and services. i-flex's de-risked revenue model continues to deliver consistent results despite changing global economic conditions. The company is not overly dependent on any one country or geographical region and has a diversified revenue stream from a widespread customer base.

i-flex solutions – Addressing the entire financial services space through a comprehensive portfolio of products, IT services, consulting and knowledge process outsourcing services.


corporate structure

Oracle Global (Mauritius) Ltd., Foreign Promoter of the Company, holds 67,481,698 shares aggregating to 80.58% of the total paid up capital of the company as on December 31, 2007.

Shareholding of the following category as of December 31, 2007 is:
Foreign Promoter (Oracle Global (Mauritius) Ltd. 80.58%
FII & FMF 1.18%
ESPS Trust 0.49%
Others 17.75%


joint ventures

i-flex has set up FLEXCEL INTERNATIONAL PVT. LIMITED as a JV with HDFC Group.


registered office address

Unit 10-11, SDF I, SEEPZ,
Andheri (East),
Mumbai - 400 096, India
Tel: +91-22-6718 2000
Fax: +91-22-6718 2767

registrar's address

INTIME SPECTRUM REGISTRY LIMITED,
C/13 Pannalal Silk Mills Compound,
L.B.S Road,
Bhandup(W),
Mumbai - 400 078, India.
Tel: +91-22-2596 3838
Fax: +91-22-2594 6969


INTIME SPECTRUM REGISTRY LIMITED,
203, Daver House, Next to Central Camera,
197/199 DN Road, Fort,
Mumbai - 400 001, India.
Tel: +91-22-2269 4127
isrl@vsnl.com
i-flex contact : investors@iflexsolutions.com

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Enabling transformation in financial services

i-flex® solutions, majority owned by Oracle®, is a world leader in providing IT solutions to the financial services industry. With the experience of delivering value-based IT solutions to over 810 financial institutions across 130 countries, i-flex helps customers build competitive advantage through next-generation technology while they, simultaneously, adhere to the stringent demands of a dynamic regulatory environment. Together, Oracle and i-flex solutions offer financial services institutions the world's most comprehensive and contemporary banking applications and technology footprint that addresses their complex IT and business requirements.


Streamlining business processes and improving operational efficiency

With our process-driven approach based on SOA or Service-Oriented Architecture, we offer banks the combined benefits of interoperability, extensibility and standardization. Jointly with Oracle, we offer the best-of-breed functionality for financial institutions that need to operate flexibly, competitively, and respond quickly to market dynamics in a fiercely challenging business environment.

Encompassing retail, corporate and investment banking, funds, cash management, trade, treasury, payments, lending, private wealth management, asset management and business analytics, among others, these solutions help financial institutions become 'model enterprises' of the future.


i-flex solutions: offering a comprehensive platform for the financial services industry
The i-flex Process Framework for Banking
The FLEXCUBE suite of products
FLEXCUBE® for Islamic Banking
FLEXCUBE® Private Banking Suite
FLEXCUBE® Investor Services
FLEXCUBE® Lending Suite
Analytics
GRC framework
Enterprise Risk Management offering
Customer Insight Analytics
Insurance
PrimeSourcing™
TDMS (Technology Deployment and Management Services)
i-flex Consulting™
i-flex BPO
More about i-flex solutions


Products for high-performance banking
The i-flex Process Framework for Banking

The 'i-flex Process Framework for Banking (iPFB™)' is a banking process repository created by drawing on i-flex's domain expertise and best practices. Organized by process areas and defined in a manner understandable by the business, iPFB helps banks with process transformation and a phased migration to an SOA environment.


The FLEXCUBE suite of products
The i-flex portfolio includes FLEXCUBE®, a complete banking product suite for retail, consumer, corporate, investment and internet banking, consumer lending, asset management and investor servicing, including payments (SWIFTNet and SEPA). Since its launch in 1997, 340 financial institutions in over 115 countries have chosen FLEXCUBE.






FLEXCUBE enables banks to standardize, optimize and transform their processes. The latest release, FLEXCUBE 10.0, helps financial institutions respond faster to market dynamics and define and track processes, while ensuring compliance. The suite is also equipped with SWIFT 2007 enhancements and supports SEPA payment processing.

Islamic Banking is fast emerging as an alternative source of banking, with the products and services offered being fundamentally different from that of conventional banking. FLEXCUBE® for Islamic Banking, is a Sharia-compliant product and a solution for both Islamic and conventional banks.

The FLEXCUBE® Private Banking Suite, is a comprehensive solution for private banking, giving wealth managers a unified view--and analyses--of their customers' wealth across asset classes, alongside the added benefits of performance tracking and improved customer relationship management.

FLEXCUBE® Investor Services helps fund management companies, transfer agency service providers and fund distributors design innovative products and offer efficient investor services to their customers.

The lending space also has a new solution, the FLEXCUBE® Lending Suite,which is an integrated customer-centric solution that addresses every lending requirement, beginning from origination, to servicing to collections. The product suite manages multiple lending products through an enterprise-wide consumer lending platform.

Analytics for financial services
i-flex's analytics offering for financial services comprises an integrated suite of award-winning solutions - Reveleus™ and Mantas--that help financial institutions maximize profitability, minimize risks and deliver enterprise-wide compliance.

The GRC framework brings together Reveleus™ unrivaled expertise in risk and control, coupled with Mantas' industry-leading behavior detection technology--both deeply rooted in the financial services industry. This combination helps financial institutions gauge the effectiveness of governance policies, manage business risks, and future-proof compliance expenditure across various regulatory mandates.

The Enterprise Risk Management offering provides customers the necessary insights to manage financial risks (credit, market and operational) and achieve their overall capital computation goals, including those required for multi-jurisdictional Operational Risk and Basel II compliance, among others.

The Customer Insight Analytics package delivers targeted and actionable customer analyses that help financial institutions make quick decisions in a rapidly evolving marketplace.

Reveleus was positioned in Gartner's 'Leaders Quadrant' in its 'Basel II Risk Management Application Software Magic Quadrant for 2005' and '2006 Basel II Software Applications Magic Quadrant'. Reveleus was also 'Highly Commended' for its Compliance Initiative Innovation in The Banker Technology Awards for 2006.

Waters Magazine ranked Mantas as the Best Anti-Money Laundering Solution for 2007, 2005 and 2004 and Best Compliance Solution for 2003. The award was voted on by the subscribers of Waters, a monthly magazine that covers information technology and solutions in the financial services industry.


Insurance

i-flex offers strategic business software and services for the global Property and Casualty insurance market. The Insure3 suite provides insurance carriers with a suite of core business processing systems for insurance product and process configuration, policy processing, customer billing, claims management and services.


Global IT services for financial institutions
PrimeSourcing™, i-flex's global IT services division, provides comprehensive customized IT solutions for banking, securities and insurance. These high-quality IT solutions reflect the division's domain expertise in financial services, including the knowledge gleaned from specialized practice lines for payments, business intelligence, CRM, Oracle Technology & Applications and testing. These IT solutions encompass the complete lifecycle of an IT application asset--from conceptualization to creation and maintenance.

The division also provides in-depth expertise across a range of technologies such as Java, Microsoft Mainframe and Open Source. Its IT processes are certified as SEI-CMMi Level 5, and it leverages well-established CoBIT-compliant global infrastructure and development centers, including a comprehensive pool of proprietary methodologies, tools and best practices.

PrimeSourcing division of i-flex was appraised at CMMI V1.1 Level 5 during February 2005. As part of our continuous process improvement endeavor, we are in the process of upgrading to the latest version of CMMI namely V1.2.

i-flex’s Technology Deployment & Management Services (TDMS) specializes in conceptualization, design, evaluation, implementation and management of IT infrastructure for financial institutions. These services are based on best practices such as ITIL (IT Infrastructure Library) and COBIT (Control Objectives for Information and related Technology) models, a globally accepted standard for IT management and control framework, and BS7799 (ISO17799).


i-flex TDMS provides IT infrastructure services to banks and other financial institutions (FI). This solution portfolio is spread across the technology lifecycle and designed so that it is scalable and adaptable to customer demands. PrimeSourcing Tech Services has four main service lines: i-RIMS (i-flex Remote Infrastructure Management), Mainframe IT Services, IT Security and Application Deployment and Management.

The division's offerings include:
FLEXCUBE-centric services that help design, plan and set up the IT infrastructure for FLEXCUBE
i-RIMS (i-flex Remote Infrastructure Management Services) Center that manages IT infrastructure remotely from India on a 24*7 basis through its on-site-offshore model
Mainframe IT services that provide end-to-end IT management and customized solutions for Mainframe datacenters
Oracle database-centric services
Specialized IT security consultancy, IT infrastructure process consultancy and business continuity planning services
Application deployment and management services that help customers with their core application infrastructure comprising Web, application and database servers, including storage


Consulting partners - i-flex Consulting
The i-flex Consulting™ division offers an end-to-end consulting partnership, providing comprehensive business and technology solutions that enable financial services enterprises to improve process efficiencies; optimize costs; meet risk and compliance requirements; define IT architecture; and, manage the transformation process. Consulting services are offered in the areas of business transformation, risk and compliance, program management, IT architecture, IT governance and process improvement. The 'i-flex Process Framework for Banking (iPFB™)' is a banking process repository organized by business functions and spanning multiple organizational units. With iPFB, banks are also able to control operational risks and integrate diverse applications into a common operating environment.


Process outsourcing - i-flex BPO
i-flex BPO completes the gamut of i-flex's comprehensive offering for the financial services industry. Part of i-flex Processing Services (iPSL), a 100 % owned subsidiary of i-flex solutions, i-flex BPO excels in providing cost-effective and high-quality BPO services for the banking, capital markets, insurance and asset management domains. This comprehensive ecosystem of BPO services is packaged around software applications such as FLEXCUBE, PeopleSoft, Siebel, among others, and backed by a mature process and consulting framework.

A survey administered by the Brown-Wilson Group, authors of the best-selling book, The Black Book of Outsourcing, ranked i-flex BPO as the top outsourcing vendor to the Mortgage Banking Industry in 2006. It was also ranked high among the 50 Best Managed Global Outsourcing vendors by The Black Book of Outsourcing in a survey covering 872 outsourcing vendors in 63 countries.

It was also selected in the Leaders Category for the '2007 Global Outsourcing 100' by The International Association of Outsourcing Professionals (IAOP). The Global Outsourcing 100 defines the standard for excellence in outsourcing service delivery. Earlier, the same organization had recognized i-flex BPO as one of the 'Top 50 Global Outsourcers & Top 30 Global Offshore Vendors'.


More about i-flex solutions
i-flex has over 12,000 employees operating from 14 development centers across India, Singapore and the USA. The company has a strong global reach with a sales, marketing and support presence in 27 overseas locations operating across four subsidiaries (i-flex solutions inc. in the USA, i-flex solutions b.v. in The Netherlands, i-flex solutions pte. ltd. in Singapore and iPSL in India). In addition, i-flex is represented by 30 corporate business partners and 32 implementation partners across the globe. i-flex also has strong alliance and/or implementation relationships with industry leaders such as Hewlett-Packard, IBM, Sun Microsystems and Intel.


i-flex and FLEXCUBE are registered trademarks of i-flex solutions. Reveleus, Daybreak, Mantas, PrimeSourcing, i-flex Consulting and iPFB are trademarks of i-flex solutions and are registered in several countries. All other company and product names are trademarks of the respective companies with which they are associated.

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Alliances and Partners

i-flex ensures that products and services remain technologically contemporary. We do this by forming alliances with leading international organizations, which include Hewlett Packard, IBM, Intel, Microsoft, Oracle and Sun Microsystems.

i-flex has since inception serviced over 810 financial institutions across more than 130 countries. Our customer base includes banks, stock exchanges, mutual funds, brokerages and other financial entities.
Much of i-flex's marketing diversity and success can be attributed to its Business Partner Program. i-flex's partners work across various geographies with a clear focused approach, motivation and continuous skill enhancement.

i-flex aims to enhance its partner presence and graduate its partners from being 'marketing associates' to 'partners in implementation'.

If you want to be part of our success, join us.

Please e-mail a brief on your company details to:

G Satish Kumar
Director - Marketing & Alliances
i-flex® solutions ltd.
Tel: +91-80-6776 5369
e-mail: partners@iflexsolutions.com

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How to create lasting value through corporate social responsibility
Social initiatives:
CSR has been defined as "open and transparent business practices that are based upon ethical values and respect for employees, communities and the environment - (and) designed to deliver sustainable value to society at large, as well as to shareholders."
- The Prince of Wales Business Leaders Forum

The real challenge is to understand what it means in practice. At i-flex®, we believe that by creating a more inclusive business culture, we are creating a vibrant and innovative working environment where success can be forged. Corporate social responsibility plays a pivotal role in shaping corporate behavior and actions.

Our corporate vision to life is communicated through our tangible commitment to children - beyond the normal business values of price, quality and service. We'd like to raise awareness of our initiatives and activities through this section on our website.

Our CSR policy document focuses on the importance of clarity, and congruence with company purpose and values.

Our corporate social responsibility is aimed at children's issues like education and health. To further our initiative, i-flexers have voluntarily undertaken programs under the banner of 'i-flex for children', with several prestigious welfare organizations. Some of these initiatives are:



[list] a day at SOS children's village

tsunami aid

heart-to-heart charity initiative

employee volunteers

special olympics

road safety

earthquake relief

i-flex pearls

IT initiatives driving education

i-flex for children initiative

other initiatives[/list]

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Career at i-flex solutions:

At i-flex, we are always on the move! On the brink of creating something new, scripting innovative trends, authoring cutting-edge research, and building an intellectual wealth bank. We are on the threshold of creating the next generation of banking solutions and services. And creating value for the customer.

It's not about just another job. At i-flex it's a whole new life altogether. And it shows. This 'made in India' organization is today a global leader in the financial services industry. It seemed like an impossible task when we began our journey, in 1991; on the way, we embarked on many 'Mission Impossible' initiatives and have turned them into 'Mission Possible' ones. And the journey continues…

i-flex has over 12,000 employees operating from 14 development centers across India, Singapore and the USA. The company has a strong global reach with a sales, marketing and support presence in 27 overseas locations operating under four subsidiaries (i-flex solutions inc. in the USA, i-flex solutions b.v. in The Netherlands, i-flex solutions pte. ltd. in Singapore and iPSL in India). In addition, i-flex is represented in 85 countries through over 40 corporate business partners. i-flex also has strong alliance and/or implementation relationships with industry leaders such as Hewlett-Packard, IBM, Sun Microsystems and Intel.

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