I FLEX SOLUTIONS LTD

Process layout
Shashank Jain (A1802009138)
Karan Nagpal (A1802009
Siddharth Berry (A1802009345)
Neha Gupta (A1802009022)
 I FLEX’S PRODUCT

• CITIL started off with the universal banking product Micro Banker (which became successful
in some English speaking parts of Africa and other developing regions over the next 3–4
years) and the retail banking product Fin ware.
• In the mid-90s, CITIL developed FLEXCUBE at its Bangalore development centre after a
significant development effort spanning more than 18 months.
• Products Business
• Oracle FLEXCUBE
• Oracle FLEXCUBE Core Banking
• Oracle FLEXCUBE Universal Banking
• Oracle FLEXCUBE Investor Servicing
• Oracle FLEXCUBE Private Banking
• Oracle FLEXCUBE Lending and Leasing
• Oracle FLEXCUBE Islamic Banking
• Oracle FLEXCUBE Direct Banking
 FLEXCUBE Implementation
• I FLEX primarily provides software solution for banking sector.
• One of the classic case study of implementation of Flex Cube, the
renowned brand of IFLEX is for Allianz Bank.
• Allianz bank is the tenth largest bank in Bulgaria, by assets, and
sixth by number of locations
 Size of bank
– Asset Size – over 900 Mil Euro
– Number of branches – 126 locations, 95 branches defined
in FlexCube
– Number of customers - 170 000 (of which 20 000 corporate
& 150000 retail)
– Number of accounts 200 000
 Reasons for the implementation

• Migration from existing platform due to old legacy

system being unable to support the banks rapid
expansion (doubled, in asset size, in one year)
• Existing platform did not support integration with new
channels – internet banking, on-line card authorization,
mobile phone payments, etc.
• Need for a more robust platform and availability of
resources for its support and further development.
• Need for quicker time for market – fierce competition
in a rapidly expanding financial services market.
• The bank’s desire to change the bank’s business and
operational model from de-centralized to centralized.
 Project Details
Core Solution Stack implemented

I FLEX Role
• SI involved – Sirma Business Consulting
• Partners involved (from i-flex side) – Sirma Business Consulting
Relationship between i-flex, SI, partners and bank – back to
back or independent contract
• bilateral contracts between Allianz bank and I-Flex, Sirma and I-
Flex, and the bank with Sirma
Roles and Responsibilities of different parties
• Sirma – system integrator and implementer
• I-Flex – technical support and consultancy
 Implementation
• For each phase
– Deliverables of the phase – Documents and sign offs for
each of the above phases
– Resources (from i-flex as well as bank) involved – numbers,
types (technical, functional, PM, testers, SME etc)
• i-flex technical – 10 man months
• Sirma technical – 60 man months
• Sirma functional – 80 man months
• Sirma PM – 12 man months
• Allianz bank PM – 12 man months
• Allianz bank full time project team – 36 man months
• Allianz bank part time project team – 90 man months
 Benefits of FLEXCUBE introduction
 SEPA compliance
 Domestic and International Payments enabled staff
reductions and faster and more reliable services to
customers
 An on-line and timely reporting enabled all levels of management
for easy analysis and fast response to market trends and
customer’s needs
 A range of new products have been introduced and new customer
growth rate increased, from 15% to 35%, on a yearly basis
 A range of new services introduced such as on-line card
authorization, internet banking, and reporting
 Customer scoring system interfaced to FlexCube reduced the
average time for decision making from 2.5 days to 6 Hours
 In Summary
• This was the first project of its kind,
considering its scope and functionality
covered. The implementation was almost
entirely led and done by SBC, an I-Flex
partner, and successfully completed within
twelve months.
 Thank You
• Karan Nagpal (Data Collection)
• Shashank Jain (Data editing)
• Siddharth Berry( Data editing)
• Neha Gupta (Data ompilation)