i-flex Solutions - OTP Bank, Hungary's Largest Retail Bank, Selects FLEXCUBE for Retail

i-flex Solutions Ltd on February 18, 2008 has announced that OTP Bank, Hungary's largest retail bank, has selected FLEXCUBE® for its retail, lending and corporate banking businesses. IQSYS, i-flex's local partner in the region, will participate in the implementation.

N R K Raman, Managing Director and CEO, i-flex solutions, said; "In order to gain a greater share of the market, banks in Eastern Europe have been consolidating assets since the last few years. Across the region, some of the largest and best known banks looking to consolidate assets have chosen FLEXCUBE. We are very happy that OTP Bank in Hungary has also selected i-flex as its partner. We believe OTP Bank would also benefit enormously in the short and long term from implementing FLEXCUBE: greater customer insight, lower costs of operations, better competitive differentiation, and a quicker turnaround cycle for reports to various regulatory authorities and stakeholders."