i-flex solutions announces availability of FLEXCUBE SWIFTNet Messaging Solution

Sibos, Sydney - 9 October 2006

FLEXCUBE SSI provides SWIFT users a comprehensive solution for all SWIFTNet requirements

i-flex® solutions (Reuters: IFLX.BO & IFLX.NS), a leading provider of technology solutions to the global financial services industry, today announced the availability of FLEXCUBE® SWIFTNet Services Integrator (FLEXCUBE SSI), a comprehensive SWIFTNet* messaging solution.

FLEXCUBE SSI consists of a suite of tools, consultancy services and SWIFT infrastructure support services, all in one, to address all SWIFTNet requirements of banks. The suite of tools include a highly-scaleable messaging hub, business-specific tools that help banks implement SWIFTNet services across various lines of business, and market infrastructure services, such as EBA STEP2 and TARGET2.

FLEXCUBE SSI helps centralize SWIFTNet traffic by providing single access to business applications for exchanging messages over various services using SWIFT's newer protocols like FileAct and InterAct-without making significant changes to existing business applications. Financial institutions can also offer value-added solutions to their corporate customers, taking advantage of FLEXCUBE SSI's complete integration with corporate enterprise applications, such as Oracle ERP and PeopleSoft, and with core banking applications, such as FLEXCUBE and those developed in-house.

"FLEXCUBE SSI is exactly the sort of complete and scaleable solution SWIFT users need," said Thomas Mathew, VP - Product Management, i-flex solutions. "Besides, given its ability to integrate with core banking applications, such as FLEXCUBE, and corporate enterprise applications, FLEXCUBE SSI is truly a unique offering in the emerging Corporate-to-Bank connectivity space," he added.

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