Flex Cube

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Transcript of Flex Cube

FLEXCUBE is a comprehensive, integrated-yet-modular core banking solution

that caters to all the needs of a modern financial institution and its multiple

business segments. FLEXCUBE gives you the unique advantage of

implementing a single application seamlessly across the organization.

FLEXCUBE has been ranked as the No.1 selling banking solution in the world

for four consecutive years - 2002, 2003, 2004 and 2005 *.

FLEXCUBE has helped customers reduce costs and in turn improve the

bottom-line and stakeholder rewards. FLEXCUBE derives its rich functionality

from i-flex's extensive experience and expertise as a leading provider of

banking solutions.

FLEXCUBE comes from i-flex solutions, an SEI CMM Level 5 company, and

a world leader in technology solutions for the financial services industry. i-flex

offers pre-packaged products, custom solutions, consulting services and

offshore development facilities to its customers.

i-flex also offers financial institutions customized solutions through its domain

and technology Centers of Excellence, which encompass areas such as

Business Intelligence, CRM, e-services, Integration Services, Insurance and

Payment Systems.

FLEXCUBE - T H E U N F A I R A D VA N T A G E} }

* International Banking Systems (IBS), UK

FLEXCUBE - END-TO-END SOLUTION} }The flexible, functional architecture of FLEXCUBE enables it tobe deployed across a variety of scenarios depending on thefinancial institution's business model.

As a Universal

Banking solutionFor broad-based financial

institutions with a mix

of institutional and retail

banking businesses

As a specializedCorporateBanking solutionFor processing

sophisticated corporate

banking transactions

As a Specializedretail bankingproduct processorFor "retail only" banks

that need a specialized

high volume transaction

processing engine

As a departmentalsolution for aSavings banks andcredit unionsFor institutions that

need a specific

departmental solution to

serve their niche market

segment

As an Internetenabler and EAIplatformFor large institutions

with diverse back end

systems running on

different platforms and

technologies

As a tellerplatformFor institutions that do

not wish to replace the

back-end core system,

but need newer high

productivity front office

tools to reach out to

customers

As a Virtual BankingsolutionFor start up banks and

financial institutions that

want to commence serving

customers ground up

As a PrivateBanking solutionFor handling the wealth

management needs of

high networth customers

in a Private Bank

As a processingsolutionfor Mutual fundsFor running asset

management operations

and processing transfer

agency transactions

As a completesolution for aBrokerage houseFor Internet trading,

order routing and

settlement requirements

As a BusinessIntelligence andData WarehousingsolutionFor an institution that

needs high-end analytical

tools and a state-of-the-

art Data Warehousing

engine

As a channel solutionFor Banks that want to provide

customers with an integrated

and complete range of banking

services across multiple delivery

channels including ATM

networks, callcentres, mobile

devices and the internet

FLEXCUBE – KEY FEATURES} }FLEXCUBE is built to run a range of functions: Retail and

Corporate Banking, Treasury, Investment and even Mutual

Fund operations. It also supports high-end Business Intelligence,

Internet banking and offers solutions for Internet Broking.

Its contemporary architecture provides the capability to scale

your business operations. Empowering you to confidently face

the challenges of the Internet economy.

Best-of-breed functional modules enable financial institutions to run

all businesses with a single application.

A state-of-the-art customer-centric system that offers a single view

of the institution's customer regardless of the number of segments

and services that are utilized with the institution.

A product based architecture, which allows Financial Institutions

define new products based on a template format and utilize common

services across all modules.

Multi-currency processing capability.

Multilingual capability provides the ability to handle multiple

languages, including complex double byte characters, within the same

environment.

Real-time monitoring of various limits across a customer's various

product exposures.

Enterprise wide Data Warehousing capability with a comprehensive

set of Business Intelligence Solution Packs for analytics built specifically

for functions such as Asset Liability Management, Profitability and

Risk Management.

Modular architecture allows an institution to procure additional

modules as it moves into other business segments.

Sophisticated Security Management System with access features at

multiple levels.

Superior Total Cost of Ownership (TCO) allowing an institution to

optimize on its technology investments as it scales its business.

Some of the keyfeatures thatFLEXCUBE boastsof include:

FLEXCUBE - Global advertising campaign, 2000-2004

FLEXCUBE – KEY BENEFITS} }FLEXCUBE has equipped several banks and financial institutions

with the ability to:

Replace old technologies seamlessly with a state-of-the-art n-tier

application.

Replace multiple disparate and older generation systems with

a single integrated multi-product processing application across

multiple countries.

Streamline operations by integrating the enterprise to existing

in-house applications to offer a single customer view.

Create a virtual banking operation from ground-up and offer a host

of banking products.

Enable multiple new delivery channels (Internet Banking, 7 X 24

ATM, Mobile Banking, Tele-banking and Point of Sale Terminals)

allowing the bank to reach out to new customers and segments.

Move to centralized processing and handle much higher volumes

without a proportionate increase in resources or infrastructure costs.

Use business intelligence tools to analyze customer needs and create

new products and offerings.

Build and retain customer relationships based on the strength of

customer service capability.

Enable and modify product offerings quickly and efficiently based on

customer's market needs.

Reduce costs, improve bottom-line and stakeholder rewards.

FLEXCUBE hasgiven ourcustomers theability to:

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FLEXCUBE@Internet Banking Suite

3rd Party Interfaces

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BROKER

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Dealing Systems

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NostroReconciliation

Funds TransferSignatureVerification

WorkflowManagement

AssetManagemen

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Investor Services

Bills andCollections

Letters of Credit

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Current andSavings Accounts

Deposits Loans

FUNCTIONAL M

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Internet Teller ATM POS

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Technology Solutions

ReveleusData Integrator

ReveleusMart Builder

ReveleusInsight

ReveleusActive Porta

FLEXCUBE - FUNCTIONAL ARCHITECTURE} }The flexible functional architecture of FLEXCUBE enables it tobe deployed across a variety of scenarios depending on thefinancial institution's business model.

CUSTOMER DELIVERY CHANNELS 15

For detailed information on each

topic, refer to the page numbers

given alongside.

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Fixed AssetsManagement

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ElectronicMessaging System

ssetgement Derivatives Securities

reignhange Money Market Dealer

ans Loan ApplicationProcessing Loan Syndication

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FACILITIES

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Business Analyt ics

CustomerRelationship

RiskManagement

PerformanceMeasurement

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F LEXCUBE - CORE MODULES} }

The core modules form the foundation of the product.

General Ledger

User-definable multi-currency General Ledger, that supports unlimited levels for

account consolidation and reporting. It provides the flexibility to define the Chart

of accounts and offers multiple views of the information based on the multiple

reporting structures.

Customer Informat ion System

Captures and maintains all relevant customer information and provides a detailed

profile of the customer's relationship with the bank and of the relationships

between customers. The ready-availability of critical information provides support

for CRM, relationship marketing and cross-selling of products and services.

Management Informat ion System

Provides comprehensive reports at several levels including customer, product,

business segment, branch and bank-wide. Third-party report generator tools can

also be used to meet ad hoc reporting and query requirements.

Risk Management

Provide powerful on-line, centralized tracking of multi-currency customer limits

across the customer's exposure.

Clear ing

Handles complete clearing and check operations and generation of related reports.

Other Core Ser vices

FLEXCUBE's unique product definition concept allows all modules to create new

products with minimal time-to-market using these common services. The common

services subsystems include:

• Interest, Charges, Commission and Fees

• Brokerage

• Tax

Signature Ver i f i cat ion

An image capture and retrieval component, which can be used for on-line and

back-office signature verification.

Funds Transfer

The Funds Transfer module handles the entire gamut of inward, outward and in-

house foreign and local currency fund transfers and payments.

Standing Ins t ruc t ions

Enables automatic execution of customer instructions, such as funds transfers or

sweeps, at periodic intervals.

E lec t ronic Messaging System

Handles outgoing and incoming messages through various media like Mail, Telex,

and S.W.I.F.T. Additional media can be supported by the Media Control System.

Workf low Management

Allows the bank to define the complete workflow mechanism and complex

processing rules on the basis of task and role definitions, thereby enhancing the

efficiency of banking processes. This works with document and image management

system to track collaterals and documents.

Nostro Reconc i l ia t ion

Reconciles balances and transactions reported by correspondent banks in their

statement of accounts.

F ixed Asset Management

Enables tracking of fixed assets through its life cycle , including events such as

depreciation, revaluation, sales/transfer and disposal of assets.

Expense Process ing

Automates processes such as preparing expense budgets and recording of all

consequent expenses, Credit Limits to vendors, Contract Settlements, and payments

to vendors.

FLEXCUBE - COMMON FACIL IT IES} }

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F LEXCUBE - FUNCTIONAL MODULES} }

Current and Savings Accounts

Supports the complete range of Savings, Current and Overdraft accounts

requirements. It provides account-level parameterization, while maintaining

centralized control.

Deposi ts

Supports processing of all types of term deposits. It handles the complete processing

of deposits through account opening, redemption, renewal, interest and maturity

processing.

Loans

Supports commercial loans, retail loans, mortgages and commitments. It processes

the entire lifecycle of loan and mortgage contracts. It also provides for collateral

management and lifecycle management through reminders processing and

classification of non-performing assets.

Loan Appl i cat ion Process ing

Processes loan applications through the various stages of appraisal and

recommendation to final acceptance. It can interface with credit-scoring and

rating systems to validate credit ratings.

Loan Syndicat ion

Enables a bank to handle the syndicated loan processing, disbursal, and tracking

in various capacities such as a lead bank or a syndicate member.

Bi l l s and Col lec t ions

Complements the Letters of Credit module, to provide a comprehensive Trade

Finance solution. It supports the processing of all types of bills, both domestic and

international. It handles the processes required for negotiation, acceptance and/or

discount of bills.

Let ters of Credi t

Supports processing of all types of documentary and clean Letters of Credit and

guarantees through the entire lifecycle of the contract. Advices and confirmations

applicable for each event are also generated automatically. Messages can be

generated through S.W.I.F.T, Telex, Mail or any other compatible medium.

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Foreign Exchange

Supports processing for all foreign exchange transactions such as spots, forwards

and swaps. Real time currency positions are maintained for transactions entered

in the system and can be viewed on-line.

Money Market

Provides support for all money market transactions involving borrowing and

lending with corporates and central banks and handles all instrument types.

Dealer

A front-office module that handles treasury dealing and integrates with major

information providers and provides a hand-off to back-office systems.

Cash and L iquidi ty Management

Enables a corporate customer to manage liquidity in a most effective manner.

Supports notional pooling and reallocates expense and income interests based on

parameters that are defined by the bank for that particular customer or account

category across his multiple accounts.

Asset Management

This enables the bank to set up funds and invest in various instruments like Securities,

Money Market Placements and Loans. All activities during the fund's lifecycle, such

as subscription, redemption, dividend payments, and corporate actions can be efficiently

managed through this module.

Derivat ives

Processes a wide range of derivatives transactions, including Forward Rate

Agreements, Interest Rate Swaps, Cross Currency Swaps, and Exchange Traded

Derivatives such as Options and Futures on currency commodity, interest rate

and equities.

Secur i t ies

A comprehensive securities deal and a life cycle processing system. It enables the

bank to capture details of the security deals entered at the front-office, process

deals and track the life cycle events of holdings in its own or customer's portfolios.

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F LEXCUBE - CUSTOMER DELIVERY CHANNELS} }

Tel ler

A completely integrated front-office transaction processing system and teller

platform. It fully supports cash vault operations, denomination tracking and cash

balancing. The branch system also supports specialized front-office devices such

as passbook printers, document printers and MICR encoders.

In ternet Banking

Provides the complete range of banking services over the Internet, including funds

transfers, bill payment, and investment services.

ATM Network Inter face

Processes on-line a complete range of transactions from ATM networks, as well

as the VISA and MasterCard network.

POS/Debi t Cards Network Inter face

This supports a full range of POS transactions originating at various merchant

outlets, including purchases, merchandise returns and enquiries.

Telebanking/Cal l Center Inter face

FLEXCUBE interfaces with Interactive Voice Response (IVR) and CTI systems

to provide a full range of banking services over the telephone.

Mobi le Devices

Provides a range of banking services over WAP and SMS devices.

FLEXCUBE boasts of a complete range of sophisticated customer delivery

systems - from traditional branch banking to ATMs, Telebanking, Mobile

Phones to POS Terminals, and the Internet.

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FLEXCUBE can support information exchange to a number of institutional delivery

channels and interfaces such as clearing houses, payment systems, central banks

and networks like S.W.I.F.T, Cedel, Euroclear/Clearstream, and multiple news and

rate feed providers such as Reuters and Telerate. It can also interface with the

stock exchanges for straight through processing of trade transactions.

FLEXCUBE - INSTITUTIONAL DELIVERY} }

FLEXCUBE has the ability to interface seamlessly with multiple diverse and specialized

application-specific systems, such as CRM systems, Treasury front office systems,

credit scoring and analytical systems, portfolio management systems and credit card

payment systems.

FLEXCUBE - THIRD PARTY INTERFACES} }

The state-of-the-art n-tier architecture has the capability to handle high volumes of

transactions, from a large number of users across multiple channels and modules. The

architecture ensures a consistent performance and provides very high response time.

This gives the institution the ability to scale up its businesses efficiently and optimally.

FLEXCUBE - TECHNICAL ARCHITECTURE} }

FLEX

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F LEXCUBE Investor Services} }

FLEXCUBE Investor Services is a comprehensive customer servicing solution for

Mutual Funds. It automates the entire Transaction Processing, Registry and Transfer

Agency functions within a Mutual Fund company.

FLEXCUBE Investor Services consists of three components:

• Fund Administrator - this is the heart of the system and performs core functions

that render tremendous ease in defining key parameters while creating and

administering the fund.

• Registrar - this acts as the transfer agent for the fund, handling dividend processing,

generating account statements and processing certificates based on information

received from the Fund Administrator.

• Branch - this functions as the distribution arm and enables the funds to reach out

to effectively service investors across investment centers. It does this by providing

them with the facility to trade with on-line real time information that is provided

across the counters. The Branch is a web enabled component that simplifies the

distribution of Mutual Funds as it can be deployed quite easily and effectively,

reducing infrastructure costs.

FLEXCUBE Investor Services can be easily deployed in the following models:

• In-house Registry Operations

• Outsourcing services for Transfer Agency and Registry Operations

• Private Banking Services

• Master - Feeder Approach (distribution model)

• Fund Super Mart (aggregation model)

Thus, FLEXCUBE Investor Services helps a Mutual Fund company create an automated

Network of branches and provides investors the convenience of 'Anywhere Transacting'.

It enables effective fund distribution, efficient management of intermediaries and

speedy handling of investor transactions and queries. In addition, the Mutual Fund

company obtains a high degree of operational control, which translates into providing

efficient investor services with greatly improved transaction turnaround time. These

factors in turn help a Mutual Fund company in effectively marketing its funds and

expanding its investor base.

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FLEX

CU

BE @

F LEXCUBE @} }The FLEXCUBE @ solution helps create a complete Internet experience for your corporate and

retail customers. It delivers powerful banking functionality right at the customer's desktop and

over a complete range of delivery channels and mobile devices. All the functions that a

customer can perform at a branch can now be performed conveniently from home or the office.

With FLEXCUBE @, the customer can:

Operate Accounts On- l ine

Provides anytime, anywhere and up-to-date information on all customer accounts.

It allows the customer to check account status, account balances and get a snapshot

of the recent transactions performed. The customer can also make routine enquiries

and requests, such as ordering a check book, statement requests, Forex rates or

interest rates inquiries.

Execute F inanc ia l Transact ions Real- t ime

FLEXCUBE @ allows customers to transfer funds between accounts, open term

deposits, make loan repayments or stop checks. The customer can check card

accounts and make payments for them on-line. With customers performing these

transactions on-line, the branch is relieved of a significant operational burden,

allowing the bank staff to focus on more pressing banking needs.

Pay Bi l l s - E lec t ronic B i l l Presentment and Payment

The Electronic Bill Presentment and Payment (EBPP) Engine of FLEXCUBE @

enables payments to merchants and towards utility bills. It helps the bank to

upload bills from the merchants into the bank network and present them

to the customer.

Plan Investments and Mutual Funds On- l ine

It allows customers to manage their investments, by buying and selling mutual

funds, viewing portfolio holdings, getting details of transaction activity and

maintaining transaction bank accounts. It also provides information on funds,

Managers, financial calculators, performance, fund history and NAV movement.

Trade Secur i t ies On- l ine – e-Brokerage

FLEXCUBE @ allows the customer to buy or sell securities on-line. Supplemented

by powerful Order Management and Portfolio Management functions,

FLEXCUBE @ addresses the need of discerning individual to be able to trade

securities from their desktops.

In i t iate Complex Commerc ia l Contracts On- l ine

FLEXCUBE @ allows corporate customers to execute various transactions that

would normally require a visit to the branch, such as initiating Letters of Credit,

Bank Guarantees or Inter-Bank Fund Transfers.

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Reveleus}

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}

i-flex’s Analytics and Business intelligence division - Reveleus provides the

industry’s only metadata-driven information management infrastructure, coupled

with a suite of integrated analytical applications for the financial services industry.

The Reveleus business intelligence platform is designed to provide organizations

with innovative ways to manage costs, mitigate risk exposure and increase trust

in information through its suite of information management products and services.

The Reveleus Product Fami ly· Technology Solut ions

Unique Approach - Reveleus Unified Metadata provides a comprehensive,

metadata-driven, web enabled, and fully customizable end-to-end data warehouse

and business intelligence solution. Reveleus’ Unified Metadata layer enables

enterprises to centralize common business definitions. Furthermore, Reveleus

Unified Metadata actually generates the downstream structures needed by business

users from the same common business definitions, ensuring consistency across all

information stores. Reveleus unified metadata improves quality and consistency

of information, thereby helping organizations reduce risk and improve efficiencies.

Data Extraction - Reveleus Unified Metadata begins adding value at the Data

Extraction stage, where Reveleus Integrator extracts data from multiple RDBMS

and mainframe source systems, provides data quality checking, and enables

automated scheduling of extracts. Reveleus abstracts the technical information

about data into business terms, thus building the foundation for metadata-driven

analytics.

Data Mart Generation & Management - Reveleus Data Mart Builder utilizes

common business definitions to generate downstream stores to satisfy end user

requirements.

Re

ve

leu

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Querying & Reporting - Reveleus Insight provides the world’s first warehouse

structure-aware query tool that enables business users to find information across

all types of data sources, from cubes to marts to the data warehouse itself, by using

common business terms and relying on Reveleus to figure out where the data

resides.

Information Delivery - Reveleus Active Portal facilitates the delivery of knowledge

to business user touch points where it can be acted upon most quickly. Active

Portal facilitates easy access to information from one place, and enables collaborative

sharing of knowledge and insights with colleagues.

· Bus iness Analyt i cs

Reveleus’ Business Analytics are pre-packaged analytical applications that provide

deep subject-area analytical expertise across a broad range of departmental needs,

and are easily extensible to meet customer specific requirements. Reveleus Business

Analytics combine pre-defined business data models and pre-configured analytical

domains, with a variety of information delivery constructs like reports, key

performance indicators, dashboards and tickers. Available on an “off-the-shelf”

basis, these Business Analytics enable complex analyses in a far shorter timeframe

than that required when building ground-up analytic solutions. And because

Reveleus analytics are built on Reveleus Unified Metadata, users can inherently

combine views across functional groups, so that a marketing executive can factor

in risk and profitability metrics when planning up sell campaigns.

Reveleus Business Analytics solutions include:

• Customer Relationship,

• Risk Management, and

• Performance Measurement.

COPYRIGHT (C) 2006 i-flex solutionsAll rights reserved. No part of this work may be reproduced, stored in a retrieval system, adopted or transmitted in any formor by any means - electronic, mechanical, photographic, graphic, optic recording or otherwise, translated in any languageor computer language, without the prior written permission of i-flex solutions.

Due care has been taken to make this document accurate as possible. However, i-flex solutions makes no representationor warranties with respect to the contents hereof and shall not be responsible for any loss or damage caused to the userby the direct or indirect use of this document. Furthermore, i-flex solutions reserves the right to alter, modify or otherwisechange in any manner the content hereof, without obligation of i-flex solutions to notify any person of such revision or changes.

This announcement contains forward-looking statements regarding platforms to be supported. General availability,prices, final functions, ordering information, and terms and conditions will be provided when the actual productsare announced.

FLEXCUBE 03/06: This is the current version of the document which supersedes all other previous versions. The contentsare subject to change without prior notice.

i-flex and FLEXCUBE are registered trademarks of i-flex solutions. Reveleus, Daybreak and PrimeSourcing are trademarksof i-flex solutions and are registered in several countries.All company and product names are trademarks of the respective companies with which they are associated.

Connect with us at www.if lexsolut ions.com e-mail : marketing@iflexsolut ions.com

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