Kotak Mahindra selects FLEXCUBE

MUMBAI, INDIA: i-flex solutions today announced that Kotak Mahindra Bank has selected FLEXCUBE Private Banking wealth management solution.

“With FLEXCUBE Private Banking we have added the capability to address and retain specific customer segments. The solution will support a complete range of investment products including mutual funds, insurance deposits etc.," said KVS Manian, group head - Retail Liabilities and Branch Banking, Kotak Mahindra Bank.

“It will enable the bank to extend its core banking solution and increase customer loyalty and service levels. The solution empowers institutions to shift their approach from a 'one size fits all' to a personalized model," said NRK Raman, managing director and CEO, i-flex solutions.

The Kotak Group has a net worth of over Rs 5,824 crores and services around 4.4 million customers. The Group has branches in major cities in India apart from offices in New York, London, Dubai, Mauritius and Singapore.