Core banking provider i-flex solutions has made an entry into private banking and wealth management. The FLEXCUBE Private Banking Suite from the India-based provider is being tailored for many of the booming wealth markets in Asia, Central and Eastern Europe and Latin America. I-flex boasts the new suite handles the entire lifecycle of customer, transaction and portfolio management for the mass-affluent and high-net worth set, as well as a reporting, risk and core function engine. “The solution empowers institutions to shift their approach from a "one size fits all" to a personalized model. It will also help them reduce costs by giving them the ability to retire standalone wealth management solutions," says N.R.K. Raman, Managing Director and CEO, i-flex solutions.
There was no announcement of its availability in the United States, where i-Flex – a dominant core banking provider internationally – is only in its first year of core services offering here, through an arrangement with majority stakeholder Oracle.
