EAB will deploy FLEXCUBE Universal Banking Solution encompassing both Retail and Corporate Banking along with the FLEXCUBE@ Internet Banking Solution. FLEXCUBE will be deployed in all 30 branches of EAB and will replace the bank’s flat file mainframe-based legacy system.
This third FLEXCUBE customer win in Egypt confirms i-flex’s position as a leading provider of banking solutions to the growing Egyptian market.
“Over the past twenty six years, the Egyptian American Bank has forged a reputation for leadership and innovation in the Egyptian market. Our focus has always been on the provision of premium customer service through highly trained and motivated personnel, and through technologically advanced operations,” said James Hall, Executive Vice President and Chief Operating Officer, Egyptian American Bank. “We selected FLEXCUBE for its superior technology, rich functionality and product-centric architecture. Deploying FLEXCUBE will enable us to develop new products faster and to provide improved levels of service to our customers.”
“We are proud to partner with reputed institutions such as the Egyptian American Bank. FLEXCUBE’s growing acceptance in the Egyptian banking market demonstrates its versatility”, said, Rajesh Hukku, Chairman and Managing Director, i-flex solutions limited. “The success of i-flex in the Egyptian market opens the door to the Middle East and North African Markets,” he added.
Egypt is now on its way to becoming one of the main Financial Services markets in the MENA region and one of the soundest financial centers among the various global emerging markets. The financial market in Egypt is growing and expanding its activities and financial intermediaries now range from different types of banks to mutual and investment funds.
i-flex offers IT solutions to banks and financial institutions that are seeking to enhance customer service levels, respond rapidly to market demands and reduce costs. i-flex’s products and services include FLEXCUBE, the next generation core-banking solution with multi-channel delivery capability including Internet Banking and WAP, PrimeSourcingTM, i-flex’s customized application software development services and support as well as Reveleus, its Business Intelligence solution.
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