i-flex launches new financial software `Flexcube`
i-flex launches new financial software `Flexcube` i-flex Solutions launched a software called `Flexcube Lending Suite`, specifically designed to address the lending requirements of financial institutions and consumer credit organizations. The company also announced that the Bank DnB NORD`s Danish and Finnish operations are live on its flagship product Flexcube. The Flexcube implementation had commenced late February this year, and Denmark and Finland were live by July 2007. >The transformation project spans the corporate and consumer business of DnB NORD, across multiple legal entities. A joint team from the bank and i-flex (Q, N,C,F)* Consulting created a common business operating model across all countries, and is now helping DnB NORD standardize its business structure and processes on FLEXCUBE for better operational efficiency. The company claims that Flexcube Lending Suite offers better return on investment (ROI) because it is buil t on Oracle Fusion Middleware, with support for SOA (service-oriented architecture) and open standards Shares of the company declined Rs 0.85, or 0.04%, to end at Rs 1,888.9. The total volume of shares traded was 4,488 at the BSE.(Monday).
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DnB NORD is a joint venture between Oslo-based DnB NOR, Norway`s largest financial services group, and NORD/LB, Norddeutsche Landesbank and Girocentrale, a leading universal bank in North Germany. The bank selected Flexcube for its banking transformation initiative across Latvia, Lithuania, Estonia, Poland, Finland and Denmark.
