Federal Home Loan Bank of New York Goes Live on FLEXCUBE

i-flex Solutions Ltd on December 04, 2007 announced that Federal Home Loan Bank of New York (FHLBNY) has implemented FLEXCUBE® for its Demand Deposit Account operations. The bank had chosen FLEXCUBE as its solution in March this year.

George Thomas, VP - Customer Fulfilment and Solution Architecture, of the Company said, "FLEXCUBE is synonymous with ease of deployment and smoothly integrates solutions in the most complex of customer settings. FHLBNY is another great proof-point of what a highly committed customer and technology partner can achieve together as a team."

Federal Home Loan Bank of New York is a congressionally chartered, wholesale bank managing assets in excess of $102.3 billion and services over 300 financial institutions in New Jersey, New York, Puerto Rico and the US Virgin Islands.