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German bank to implement i-flex product

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CIOL Bureau
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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.

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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.

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