WWB Colombia selects i-flex and FLEXCUBE

MUMBAI, INDIA: i-flex solutions, a leading provider of IT solutions to the global financial services industry announced that WWB Colombia, a leading Latin American micro finance institution with headquarters in Cali, Colombia, has chosen FLEXCUBE for its core transaction processing.

The selection reinforces FLEXCUBE’s leadership in the Latin American and Caribbean market. It has customers in 16 countries in the region and this win marks the addition of a micro finance institution to an already varied portfolio of customers.

Clara Serra de Akerman, President, WWB Colombia said: “We selected i-flex as our technology partner for the future following a rigorous evaluation procedure. FLEXCUBE’s functionality and flexibility combined with i-flex’s global track record of delivering projects and its parentage of the world’s leading software provider like Oracle were critical factors that helped us make our decision. This next-generation system will enable us to service our customers better, launch new products faster and enable us to compete effectively in the local and global marketplace.”

“We demonstrated the flexibility and coverage in FLEXCUBE required to serve the micro finance business, which is WWB Colombia´s specialization. In fact, we are addressing these business needs on a single platform,” said N R K Raman, CEO and Managing Director, i-flex solutions. He added: “WWB Colombia is a prestigious win for us. It marks our entry into Colombia which is a strategic market for us in Latin America. This reinforces our leadership track record in Latin America where increasingly banks are looking at replacing their legacy systems.”