Business Services Industry

I-FLEX SOLUTIONS ANNOUNCES MAJOR DEAL WITH BANCO DE CHILE.

AsiaPulse News, June, 2004

(Full text of a statement. Contact details below)

NEW YORK--(BUSINESS WIRE)--June 18, 2004--i-flex solutions (MUMBAI:IFLX) (NSE:IFLX), a leading provider of information technology solutions to the global financial services industry, announced that after a rigorous evaluation process that included four of the top banking software providers in the world, Banco de Chile has selected i-flex's FLEXCUBE product suite to replace its legacy retail core banking system.

The FLEXCUBE product-based architecture will replace the Bank's existing core system and allow them to run their various business lines on a single application platform, define new products on a template format and utilize common services across all FLEXCUBE modules. The i-flex team commenced the...

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