IBM, Oracle & i-flex to collaborate on banking solutions

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IBM, Oracle & i-flex to collaborate on banking solutions

IBM, Oracle & i-flex to collaborate on banking solutions

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RELATED NEWS IBM, IIM-Bangalore hold SSME workshop IBM expands its global delivery capabilities in Kolkata i-flex announces availability of FLEXCUBE SWIFTNet i-flex solutions completes acquisition of Mantas i-flex launches “i-flex Process Framework for Banking” ALSO READ See latest News about Oracle Financ See previous management interviews See what other Experts & Brokerages are saying about Oracle Financ Oracle Financ BSE | NSE 25/05/12 Are Mutual Funds betting on Oracle Financ?

IBM, Oracle and i-flex^® solutions said today the companies will collaborate to provide joint banking customers with infrastructure, services, and support for enterprise applications, core banking, and risk management. 

The banking collaboration will combine the business and IT architectural leadership of IBM in banks, banking-specific application solutions from Oracle®, and core banking and risk solutions from i-flex.  This combination can help banks today, using proven, market-leading solutions in CRM, Core Transaction Processing, Risk, Analytics and Corporate Operations to translate a bank's business strategies into execution in a timely and effective manner.

With today's news, the companies announced the launch of i-flex's powerful retail banking product, FLEXCUBE, on the IBM System z mainframe platform, delivering world-class performance, reliability and security banks require.  Under the companies' banking alliance, IBM plans to expand its services with Oracle and i-flex to help ensure unparalleled integration and support for IBM platforms. 

"The collaboration represents a unique combination of leading companies to provide a comprehensive and total solution for top tier banks to migrate to the integrated banking applications and platforms of the future," said R. Ravisankar, CEO, International Operations and Business Development, i-flex solutions. "IBM's proven ability to manage complex systems integration, their experience on i-flex applications and phased and evolutionary migration will ensure minimal disruption risk."

"With our expanded set of applications for the banking enterprise, Oracle is teaming with IBM to deliver what customers want most - integrated solutions to their business problems," said David Sardilli, Senior Vice President, Global Financial Services Business Unit at Oracle. "Our currently available applications and our joint support for standards and Services Oriented Architecture provide a broad portfolio for large banks which need scale, integration, and long-term support."

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