BANGALORE: i-flex has won an order from Germany's DGZ-Dekabank, country’s
10th largest bank and largest mutual fund company, for its FLEXCUBE
Investor Services product. This is the company's 28th FLEXCUBE customer win in
Europe. The project entails setting up and linking DGZ-DekaBank's Frankfurt data
center, with branch offices in Luxembourg, Dublin and Zurich. This was announced
by a media release from the company.
The exercise undertaken in conjunction with Deloitte Touche Tohmatsu homed in
on FLEXCUBE Investor Services. Creating one central data center in Frankfurt,
FLEXCUBE Investor Services along with an Internet front end will allow the bank
to deploy the solution across multiple offices in Europe using the Frankfurt
office as a hub.
"The DGZ-DekaBank win establishes our expertise in the European Banking
segment in offering a next-generation banking solution to meet the bank's mutual
fund requirement. This solution will enable the bank to quickly scale up their
operations and bring best practices to service their customers more
effectively,' said i-flex solutions, senior vice President, Global Sales, NRK
Raman.
FLEXCUBE Investor Services is a comprehensive multi-currency shareholder
servicing solutions for mutual funds. It automates all Transfer Agent functions
within a mutual fund company.
FLEXCUBE Investor Services provides shareholders the convenience of "
Anywhere Transacting". It enables effective fund distribution by creating
an automated network of branches, efficient management of intermediaries and
speedy handling of investor transactions and queries. In addition, it provides
the mutual fund company a high degree of operational control, which translates
into providing efficient investor services with rapid transaction turnaround
time. These factors in turn help a mutual fund company to effectively market its
funds and expand its shareholder base.