High Growth

The Dot Com Wave

NASDAQ and Market Capitalization

Large Pool of Professionals

Export Destinations

Domestic Market

The Government's Red Carpet

Advertisers's Web Sites

Adsections Home

India's software magic rests in large part on high quality software, which is finding favor with leading organizations across the globe. Outsourcing software requirements depends a lot on quality of services and quality has emerged as the hallmark of the Indian software industry. It was in 1994 that Edward A. Gargan first reported in The New York Times that the Indian software industry was breaking new ground with a software unit in Bangalore that has the Software Engineering Institute Capability Maturity Model (SEI CMM) Level 5 certification. Since then, there has been no looking back. The quality and maturity of the Indian software industry is proven. Of the top 300 Indian software companies, 170 have already acquired ISO 9000 certification. As of June 2000, there were only 23 companies in the world that had acquired the SEI Level 5 certification. Fifteen of these companies are located in India.

Formerly known as Citicorp Information Technology Limited (CITIL), i-flex Solutions Limited has earned a well-deserved reputation in the software market on the strength of its quality orientation. A SEI-CMM Level 5 company, i-flex is a global software provider of e-solutions for financial institutions worldwide, and offers a wide range of sophisticated and integrated solutions for retail, corporate, investment and Internet banking, as well as mutual funds. i-flex also has vast experience and expertise in Internet technologies. The company began developing an Internet-based banking system for a leading MNC bank in Japan in early 1998.

The solution was developed, deployed and launched within a period of six months. Today, that bank is the market leader in Internet banking in Japan.

Besides this, i-flex has undertaken various Internet-based projects, which include Internet-based securities trading in Germany, and mutual fund trading in Europe. The company's expertise covers such areas as foreign exchange, treasury, securities trading, portfolio management, mutual funds, custodial and depository services, trust administration and derivatives trading.

i-flex's FLEXCUBE, though relatively new in the market (it was launched in late 1997), is the world's second largest selling back office banking system according to the International Banking Systems Sales League Table for 1999. FLEXCUBE, the choice of 40 financial institutions across 25 countries, is a product based on state-of-the-art technology that automates and web-enables all the operations of a financial institution. This includes corporate, retail and investment banking, treasury, mutual funds, investor services and asset management operations. It also encompasses an integrated branch system and caters to a range of delivery channels that include mobile banking, Internet banking, telephone banking, PDAs, ATMs, POS/debit cards and the Internet.

i-flex's centers of excellence specialize in fields such as data warehousing, customer relationship management, and e-business services like helping companies set up payment gateways, on-line stores, exchanges, auction systems, etc.