i-flex releases version 2.2 of FLEXCUBE

Boston, USA: FLEXCUBE Core Banking for IBM System z will be showcased at the “2008 Financial Services Solutions Symposium (FS3)” organized by the IBM Industry Models (IAA/IFW) User Group in Boston from April 22- 24.

The latest version combines the rich functionality of Oracle FLEXCUBE and the reliability and security of IBM System z to enable global financial institutions to respond swiftly to changing market dynamics. Banks can manage high transaction volumes and a large number of users while keeping response time consistent because the new version is highly scalable.

“Mergers and acquisitions, a competitive environment and ever changing regulatory requirements are some of the key challenges that shape today’s retail banking industry. To stay ahead in this competitive and regulated environment, financial institutions need to continually enhance, evolve and innovate in three critical areas - business, operations and technology.

With FLEXCUBE Core Banking for IBM System z, we can assist financial institutions using IBM platforms cope with these challenges,” said Joseph John, Executive Vice-President, Banking Products Division, i-flex solutions.

Service Oriented Architecture (SOA) enabled Oracle’s FLEXCUBE fits seamlessly into IBM System z deployments using IBM software. FLEXCUBE’s use of WebSphere 6.1 and DB2 9 leverages IBM System z specialty engines (zIIPs and zAAPs) that help in reducing total cost of ownership (TCO).

FLEXCUBE is designed to be the choice for banks migrating legacy core banking applications onto a contemporary platform.