i-flex intros private banking suite

MUMBAI: i-flex solutions today announced the launch of FLEXCUBE Private Banking Suite making its entry into the private banking and wealth management space.

The solution is easy-to-integrate with existing back office applications and cost effective for banks and financial institutions, said the company’s statement.

The solution supports the entire lifecycle of Customer Management, Transaction Management and Portfolio Management functions for the Mass Affluent and High Net Worth segment of the bank’s domestic business. The solution also has a reporting, risk and core function engine.

“The FLEXCUBE Private Banking Suite enables institutions deploy holistic wealth management offerings that provide competitive differentiation and improve their share of the customer’s wallet. The solution empowers institutions to shift their approach from a “one size fits all” to a personalized model. It will also help them reduce costs by giving them the ability to retire standalone wealth management solutions,” says N.R.K. Raman, managing director and CEO, i-flex solutions.

The FLEXCUBE Private Banking Suite enables financial institutions and their customers manage multiple asset classes including equity, mutual funds, bonds, structured products, real estate and commodities. The solution uses open standards and offers integration with product processors, core banking, CRM and other back office systems.

Banks can offer wealth management services tailored and personalized to the specific risk profiles of their customers.