i-flex solutions limited is an India based IT solutions provider for the financial services industry. With an employee base of over 7000, it is headquartered at Bangalore. The i-flex portfolio of software products includes FLEXCUBE®, a core banking solution; Reveleus™, a business analytic application; and Daybreak™, an enterprise consumer-lending suite. The i-flex PRIMESOURCING also provides software, consulting, development and support services.

Founded:     1991
Headquarters:     Bangalore, (India)
Key people:     Rajesh Hukku, Chairman and Managing Director.
R. Ravisankar, CEO International Operations and Business Development.
Deepak Ghaisas, CEO India Operations and CFO.
Industry:     Computer Services on Finance/Banking
Products:     Flexcube®, Reveleus™, Daybreak™
Revenue:     $330 million USD
Employees:   7,000 (2006)
Website:     www.iflexsolutions.com

i-flex has a presence in over 80 countries through more than 30 corporate business partners. i-flex has over 22 overseas locations including 5 subsidiaries (i-flex solutions inc. and i-flex America inc. in the USA, i-flex solutions b.v in the Netherlands, i-flex solutions pte ltd in Singapore) and Equinox Corporation. The other offices are in Johannesburg, South Africa and London, United Kingdom.

The development centers of i-flex are based in India. Spread over 220,000 sq. ft., the centers are located at Mumbai (earlier known as Bombay), Bangalore (universally known as the Silicon Valley of India), Pune and Chennai. i-flex has offices situated in Amsterdam, Bangalore, Boston, Chennai, Dubai, Eden Prairie, Frankfurt, Gurgaon, Irvine, London, Miami, Minneapolis, Moscow, Mumbai, New Jersey, New York, Pune, Shanghai, Singapore, Sydney, Tokyo, and Toronto

Products

Flexcube

The Banker, a publication of the Financial Times Group (UK), selected the product suite as “Application of the Year” and “Core Banking Solution of the Year” (2004). Specifically, The Banker acclaimed Flexcube’s high scalability and flexibility, its impressive sales during 2003, and its diverse capabilities.

Flexcube has been ranked the world’s No. 1 selling banking solution for four consecutive years, 2002, 2003, 2004 and 2005, by the UK-based International Banking Systems (IBS).

Reveleus

Reveleus™ is a suite of analytical applications for the financial services industry focused in the areas of risk management, customer insight, and enterprise-wide financial performance. Reveleus’ Risk Analytics products are solves the most complex global challenges facing the financial industry today, including multi-jurisdictional Basel II compliance and operational risk management. Reveleus is positioned in Gartner’s ‘Leaders Quadrant’ in its Basel II Risk Management Application Software Magic Quadrant and Tower Group ranks Reveleus’ Basel II solution amongst the best in this domain.

Daybreak

DaybreakTM is a comprehensive consumer lending system that streamlines all aspects of automobile financing from origination to servicing and collections, across a single relational database, thus increasing productivity, providing improved customer service, and reducing risk. Since 1998, Daybreak has been selected by premier automotive lenders to help reduce costs and increase efficiencies.

PrimeSourcing

PrimeSourcing is a wing of i-flex, and focuses on the financial services domain, dealing with the compliance, application development, re-engineering, integration, testing, implementation or maintenance needs. The main areas of focus are on corporate, private and retail banking, funds, capital markets and insurance domains. It is backed by industry consultants, technology experts, and SEI-CMMi Level 5 processes. PrimeSourcing operates development centers across India, the USA, and Singapore. It has dedicated Centers of Excellence in business intelligence, CRM, payment solutions and testing services and has recently launched an Oracle Competency Center.

Equinox

Equinox offer specialist KPO services for the Financial Services vertical (Banking, Mortgage & Consumer Finance, Securities & Capital Market and Insurance).

I-flex Consulting

I-flex consulting is the consulting arm of I-flex solutions ltd specializing in providing Business, Technology and Process Consulting to Financial Services enterprises world wide. They offer business consultants having extensive experience in Retail, Corporate Banking, Investment Banking, Treasury, Credit (retail and corporate), Risk Management, Trade Finance, Fund Management, Central Banking and Capital Market areas. Their technology consultants are focused on the developement and implementation solutions for financial services enterprises in Back-office operations, Internet Solutions, Payment services, Business Intelligence and Customer Relationship Management.

Castek

I-flex has acquired a majority stake in Castek Software Inc., the Toronto-based provider of insurance systems for the global Property & Casualty (P&C) insurance industry. The product is dealing with the real world applications of P&C insurance.