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Lloyds TSB Bank signs up for FLEXCUBE. Prestigious win marks i-flex’s growing success in top-tier Banks

Mumbai, India – September 14, 2004: i-flex solutions, the market leader in providing banking solutions to the global financial services industry today is pleased to announce the initiation of a major new agreement with a leading banking group in the UK.

Lloyds TSB Bank has selected FLEXCUBE as the banking solution for a part of its wholesale & international banking requirements. The initial projects revolve around the requirements for loans administration and syndicated lending and the replacement of the core system for the bank’s US branch operations. Future deployment will include the bank’s Wholesale and International banking
branches in other parts of the globe.

Commenting on this new relationship, Ernie Battey, Product Marketing Director, Lloyds TSB Bank, said, "We are pleased to be working with i-flex on this assignment in contributing to heightened efficiency of operations and improved customer service for our corporate clients"

Speaking on the occasion Rajesh Hukku, Chairman & Managing Director, i-flex solutions, said, "I am elated to see an acclaimed name like Lloyds TSB Bank select FLEXCUBE. We are committed to making this implementation a success and enable Lloyds TSB to set new benchmarks in customer management."

FLEXCUBE was chosen for its ability to build new requirements quickly and had to match with the high standards of compliance and business continuity required by Lloyds TSB Bank. Over the past four years i-flex solutions has been addressing the technology needs of banks and financial institutions in the European region.