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First Magnus Federal Bank Selects i-flex Solutions

Originally published November 17, 2005

i-flex solutions, a provider of technology solutions to the global financial services industry, recently announced that First Magnus Federal Bank (FMFB)—in organization, has become the first United States retail bank to opt for i-flex’s FLEXCUBE for its complete banking platform. FMFB will be the federal savings bank affiliate of First Magnus Financial Corp.

"After a most rigorous evaluation process, we selected FLEXCUBE because it met our objectives to future-proof our systems with a state-of-the-art, end-to-end core banking solution that is both feature rich and highly flexible based upon our current and projected business needs," said Arnold Aros, CEO of First Magnus Federal Bank—in organization. "This implementation will not only help us enhance our customer service levels but enable cross-selling opportunities. Faster time-to-market for new product launches enhanced MIS and ad-hoc reporting capabilities are some of the other benefits this solution brings to the table."

The solution provides FMFB with seamless integration of Oracle’s PeopleSoft CRM, which will deliver sales, marketing and customer service capabilities with FLEXCUBE providing full support for core banking and integration with all delivery channels, bill payment, item processing and business intelligence.

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.