MUMBAI, INDIA: i-flex solutions, a provider of technology solutions to the global financial services industry has announced the availability of a new version of FLEXCUBE Investor Services based on a J2EE platform and an enhanced user interface (UI). Its integration with Oracle BPEL Process Manager for process orchestration allows customers to standardize, transform and optimize their business processes.

FLEXCUBE Investor Services has been deployed in 24 countries including Singapore, Hong Kong, Qatar, South Africa, Ireland, Luxembourg, Bermuda, Trinidad and Tobago, Germany, Switzerland and Japan. Among the customers who use FLEXCUBE Investor Services are HSBC and South Africa's Old Mutual Investment Administrators (OMIA).

FLEXCUBE Investor Services helps fund management companies, transfer agency service providers and fund distributors design innovative products and offer efficient investor services to their clients. It automates an investment fund company's transaction processing, registry, transfer agency and fund distribution functions.

It supports:

· Fund Management companies for in-house fund administration

· Transfer Agency and Registry Service Providers for fund companies and fund distributors

· Distributors of Mutual Funds (third party funds service providers)

· Pension/retirement fund administrators (Unit linked investments)

· SWIFTNet Funds 4.0 including ISO 20022 messages.

"The new release of FLEXCUBE Investor Services gives fund administrators and Transfer Agents the ability to measure and strengthen their processes. In addition, it future-proofs their technology investments by the use of Oracle Fusion Middleware, an industry standard J2EE platform, together with a new user interface. The support for SWIFTNet enables faster and better adoption of STP (straight through processing) between the various participants in the funds business," says Joseph John, Executive Vice President, Banking Products Division, i-flex solutions.

The product uses open standards, making interface with other applications simpler. A new XML-based UI allows screens to be easily modified and enables a quick change in UI style sheets and layouts. With support for multilingual screens, users can seamlessly switch languages to meet the needs of their customers and assure better customer service. Customers can leverage the web services available in FLEXCUBE Investor Services, for simplifying integration and easy orchestration of business processes via industry standard BPEL (business process execution language).