i-flex solutions, a provider of IT solutions for financial industry, has announced that Banco Bice, a global financial institution, has selected Flexcube Universal Banking for its core banking operations. The bank will deploy Flexcube at its base in Santiago and in all its branches in Chile.
Banco Bice undertook a comprehensive evaluation process of several leading providers that spanned several months. It was looking for a modern, state-of-the art solution with a proven track record in Chile. Flexcube was the solution of choice because of the flexibility it offered business users as well as its adaptability to local practices. The bank expects to replace its legacy product processors with Flexcube in a phased manner.
Kishore Kapoor, senior vice president of i-flex solutions, said: "This win is a reinforcement of the compelling value that Oracle and i-flex solutions bring to a regional financial institution like Banco Bice. We are sure that more banks in the region will soon derive the benefits of an agile core banking system that enables them to serve their customers better and faster."