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
In an age of borderless networks, security for the cloud and security for the corporate network can no longer be separated. Security teams are now presented with the challenge of monitoring and controlling access to these cloud environments, at the same time that developers quickly spin up new cloud instances and executives push forwards new initiatives. The vulnerabilities created by migration to the cloud, such as misconfigurations and compromised credentials, require that security teams t...
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
Today's workforce is trading their cubicles and corporate desktops in favor of an any-location, any-device work style. And as digital natives make up more and more of the modern workforce, the appetite for user-friendly, cloud-based services grows. The center of work is shifting to the user and to the cloud. But managing a proliferation of SaaS, web, and mobile apps running on any number of clouds and devices is unwieldy and increases security risks. Steve Wilson, Citrix Vice President of Cloud,...
As the fourth industrial revolution continues to march forward, key questions remain related to the protection of software, cloud, AI, and automation intellectual property. Recent developments in Supreme Court and lower court case law will be reviewed to explain the intricacies of what inventions are eligible for patent protection, how copyright law may be used to protect application programming interfaces (APIs), and the extent to which trademark and trade secret law may have expanded relev...
Cloud computing, big data and AI provide a new impetus and urgency to traditional enterprises to become digitally transformed businesses as they face disruption from new players who leverage technology to foster new business models. Traditionally, enterprises focused on digitizing processes and transactions. The incumbents can also be disruptors by leveraging AI for data-driven insights and innovate at scale on Cloud platform. They need to uncover the power of ERP/SAP using Cloud, AI and Big dat...
When Enterprises started adopting Hadoop-based Big Data environments over the last ten years, they were mainly on-premise deployments. Organizations would spin up and manage large Hadoop clusters, where they would funnel exabytes or petabytes of unstructured data.However, over the last few years the economics of maintaining this enormous infrastructure compared with the elastic scalability of viable cloud options has changed this equation. The growth of cloud storage, cloud-managed big data e...
Your applications have evolved, your computing needs are changing, and your servers have become more and more dense. But your data center hasn't changed so you can't get the benefits of cheaper, better, smaller, faster... until now. Colovore is Silicon Valley's premier provider of high-density colocation solutions that are a perfect fit for companies operating modern, high-performance hardware. No other Bay Area colo provider can match our density, operating efficiency, and ease of scalability.
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
The graph represents a network of 1,329 Twitter users whose recent tweets contained "#DevOps", or who were replied to or mentioned in those tweets, taken from a data set limited to a maximum of 18,000 tweets. The network was obtained from Twitter on Thursday, 10 January 2019 at 23:50 UTC. The tweets in the network were tweeted over the 7-hour, 6-minute period from Thursday, 10 January 2019 at 16:29 UTC to Thursday, 10 January 2019 at 23:36 UTC. Additional tweets that were mentioned in this...
Artificial intelligence, machine learning, neural networks. We're in the midst of a wave of excitement around AI such as hasn't been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. This time is (mostly) different. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Pattern recognition can equal or exceed the ability of human experts in some domains. It's devel...