Thursday, 21 February 2008

Cambodia's Advanced Bank of Asia Selects FLEXCUBE

equitybulls.com

i-flex Solutions Ltd and Advanced Bank of Asia (ABA), Cambodia, announced that the bank will implement FLEXCUBE®, i-flex's core banking solution for its operations in Cambodia. ABA will implement FLEXCUBE across its corporate and retail banking operations.

With FLEXCUBE, ABA will have a next generation transaction-processing platform, enabling it to respond faster to customer needs, while effectively managing costs. It will also help ABA to offer newer and more sophisticated products and increase its customer base.

"With 12 banks in the region choosing us, FLEXCUBE has become a market leader in the Indo-China region. We have also demonstrated that our approach ensures swift implementation of a new generation, open platform that enables world class banking services. We welcome Advanced Bank of Asia as a customer of FLEXCUBE and we look forward to working in partnership with them," said, Kishore Kapoor, CEO, i-flex solutions pte ltd.

The i-flex Solutions Ltd stock was trading at Rs.1095, down by Rs.5.55 or 0.50%. The stock hit an intraday high of Rs.1140 and low of Rs.1090.55.

The total traded quantity was 13860 compared to 2 week average of 9477.

Source: Equity Bulls
Posted On: 2/20/2008

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