Welcome!

Adobe Flex Authors: Matthew Lobas, PR.com Newswire, Shelly Palmer, Kevin Benedict

News Feed Item

First Magnus Selects i-flex solutions for Retail Core Banking

Win marks i-flex's FLEXCUBE Expansion into Full-Service U.S. Retail Banking Market

MUMBAI, India, Nov. 16 /PRNewswire-FirstCall/ -- i-flex(R) solutions, a leading provider of technology solutions to the global financial services industry, announced today that First Magnus Federal Bank (FMFB) - in organization, has become the first United States retail bank to opt for i- flex's FLEXCUBE(R) for its complete banking platform. FMFB will be the federal savings bank affiliate of First Magnus Financial Corporation, one of the nation's leading mortgage companies.

"After a most rigorous evaluation process, we selected FLEXCUBE because it met our objectives to future-proof our systems with a state-of-the-art, end- to-end core banking solution that is both feature rich and highly flexible based upon our current and projected business needs," said Arnold Aros, CEO of First Magnus Federal Bank - in organization. "This implementation will not only help us enhance our customer service levels but enable cross-selling opportunities. Faster time-to-market for new product launches, enhanced MIS and ad-hoc reporting capabilities are some of the other benefits this solution brings to the table."

The solution provides FMFB with seamless integration of Oracle's PeopleSoft CRM, which will deliver sales, marketing and customer service capabilities with FLEXCUBE providing full support for core banking and integration with all delivery channels, bill payment, item processing and business intelligence.

"We are pleased to provide FMFB with a core banking solution that is functionally robust and cost effective," said R. Ravisankar, CEO, International Operations and Business Development of i-flex solutions. "In addition to greater agility, FLEXCUBE will empower the bank to offer better customer service, and enable the bank to aggressively compete with much larger institutions."

"First Magnus showcases the value which i-flex and Oracle can bring to a customer," said Andrea Klein, VP, Financial Services Industry Strategy and Solutions of Oracle Corporation. "A complete customer view, integrated with all products and services supplied by the bank, delivers a personal approach that differentiates the bank."

About First Magnus

First Magnus Financial Corporation, one of the nation's largest, privately held mortgage companies, is located in Tucson, Arizona. First Magnus Federal Bank, in organization, will be a federal savings bank focusing on regional banking needs in Arizona. The bank will be a full-service retail organization with services being delivered through multiple delivery channels.

About i-flex solutions

i-flex(R) solutions (Reuters: IFLX.BO & IFLX.NS) is a world leader in providing IT solutions to the financial services industry, with more than 595 customers in over 115 countries. i-flex's range of products, custom solutions and consulting services enable financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk. For information, please visit: http://www.iflexsolutions.com/ i-flex and FLEXCUBE are registered trademarks of i-flex solutions. All company and product names are trademarks of the respective companies with which they are associated.

i-flex solutions

CONTACT: INDIA: Eapen Thomas, +91-22-2823-5190, ext. 5132, Fax: +91-22-
2836-3140, [email protected], or Ramya B S, +91-80-2208-7340,
Fax: +91-80-2534-5090, or +91-80-5666-5271, [email protected], APAC:
Parvez Ahmad, +65-6238-1900, ext. 212, Fax: +65-6238-1282,
[email protected], NORTH AMERICA & LATIN AMERICA: Penney
Richardson, +1-415-771-8106, [email protected], or Hugo
Gordillo, +1-646-619-5402, or EUROPE: Sunil Robert, +44-207-5314-424, Mobile:
+44-783-4461-271, [email protected]; or Zarina Hodiwalla of
Adfactors PR Pvt. Ltd., Mumbai, +91-22-2281-3565, Mobile: +91-98-2040-0174,
[email protected]

Web site: http://www.iflexsolutions.com/

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cell networks have the advantage of long-range communications, reaching an estimated 90% of the world. But cell networks such as 2G, 3G and LTE consume lots of power and were designed for connecting people. They are not optimized for low- or battery-powered devices or for IoT applications with infrequently transmitted data. Cell IoT modules that support narrow-band IoT and 4G cell networks will enable cell connectivity, device management, and app enablement for low-power wide-area network IoT. B...
The hierarchical architecture that distributes "compute" within the network specially at the edge can enable new services by harnessing emerging technologies. But Edge-Compute comes at increased cost that needs to be managed and potentially augmented by creative architecture solutions as there will always a catching-up with the capacity demands. Processing power in smartphones has enhanced YoY and there is increasingly spare compute capacity that can be potentially pooled. Uber has successfully ...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...