To streamline services IMF offering new product [Archives:2002/46/Business & Economy]

November 11 2002

Flex Solutions, a leading global provider of integrated IT solutions for the financial services industry, announced last week that the International Monetary Fund has selected I-Flex’s flagship product, known as Flexcube, to replace its legacy core banking application and operations infrastructure to address growing technology needs.
A press release issued by the company said Flexcube will enable the IMF to streamline operations in the areas of lending, deposits, financial accounting and business intelligence. It added that the IMF has completed the fit-gap analysis and is starting implementation with a target date of May 2003.
“This will help the IMF deliver an unparalleled standard of service and offer its 184 member countries easy access to all relevant financial information,” said R. Ravisankar, CEO, International Operations and Technology.
–Flex Solutions provides full multi-currency and multi-language capabilities and is the choice of more than 120 customers worldwide. It is ranked among the 15 largest software exporters in India and among the top 15 Indian software and services exporters.
–Flex Solutions is a provider of information technology solutions to the financial services industry worldwide.