Software offers SOA-based lending platform.
Share:
Press Release Summary:
Designed for lending requirements of financial institutions and consumer credit organizations, FLEXCUBE® Lending Suite provides single, integrated platform with solutions for origination, servicing, and collections addressing consumer, small business and commercial lending, mortgages, and Islamic offerings. Built on Oracle Fusion Middleware, components also provide business process management capabilities.
Original Press Release:
i-flex Launches FLEXCUBE Lending Suite
A SOA Based Lending Platform with Comprehensive Support for Business Process Management
BOSTON, Oct. 2 -- i-flex® solutions (Reuters: IFLX.BO & IFLX.NS), a leading provider of technology solutions to the global financial services industry, announced the launch of the FLEXCUBE® Lending Suite, designed for the lending requirements of financial institutions and consumer credit organizations.
The FLEXCUBE Lending Suite addresses the key pillars of a lending business - Origination, Servicing and Collections. The solution provides financial institutions a single, integrated platform with solutions for Origination, Servicing, Collections addressing Consumer, Small Business and Commercial Lending, Mortgages and Islamic Offerings. It integrates lending institutions' existing applications while leveraging the institutions' existing data and accelerates the speed lenders can offer customized products and enhance customer service. In addition, it provides a rich analytics offering and the ability to integrate with the Oracle Governance Risk and Compliance (GRC) framework.
"The FLEXCUBE Lending Suite uses defined industry best practices and lending processes that will enable financial institutions and consumer credit organizations run their businesses more effectively," said Joseph John, Executive Vice President, Banking Products Division, i-flex solutions. "The solution's built-in process capability will allow them to launch products swiftly while providing a platform for process reengineering. It can be easily integrated with Governance, Risk and Compliance frameworks and allows institutions to tackle changing regulations and manage risk. With the solution in place, lending institutions become more competitive and customer focused."
The FLEXCUBE Lending Suite maximizes return on investment (ROI) because it is built on Oracle Fusion Middleware with support for service-oriented architecture (SOA) and open standards. In addition, its use of J2EE makes it robust and scalable. Oracle's industry-standard BPEL and Business Activity Monitoring components provide FLEXCUBE Lending Suite with strong business process management capabilities.
The FLEXCUBE Lending Suite provides the following benefits to financial institutions and consumer credit organizations:
o A comprehensive product that covers design, transaction execution and
measuring business efficiency.
o Ability to integrate multi-product Origination capability with existing
applications for Servicing and Collections for Lending.
o A Customer Analytics engine that capitalizes on an institution's
existing technology and knowledge assets.
o Flexibility to address new business models in consumer and commercial
credit.
o Ability to continuously measure and adapt business processes.
o Embedded support for Governance, Risk and Compliance Frameworks.
About i-flex solutions
i-flex® solutions (Reuters: IFLX.BO and IFLX.NS), majority owned by Oracle, is a world leader in providing IT solutions to the financial services industry, with more than 765 customers in over 130 countries. Its range of applications software, custom solutions and consulting services enable financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk.
Together, Oracle and i-flex solutions offer financial services institutions the world's most comprehensive banking applications and technology footprint to address the most complex IT and business requirements.
For more information, please visit: www.iflexsolutions.com
Source: i-flex® solutions
CONTACT: Sunil Robert of i-flex solutions, +1-646-619-5482, mobile:
+1-646-642-3690, Sunil.robert@iflexsolutions.com
Web site: www.iflexsolutions.com/
