1 state of the art core banking through integrated multichannel delivery nov 2003
TRANSCRIPT
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State of the Art Core Banking through State of the Art Core Banking through Integrated Multichannel DeliveryIntegrated Multichannel Delivery
Nov 2003Nov 2003
www.iflexsolutions.com
Softcopy Name : Presentation at the Romanian Banking Forum
Published Date : November, 2003
Document Classification : General – Restricted with No Further Release Confidential
Author : Balaji Ramakrishnan
Group : International Marketing Group
Due care has been taken to make this Presentation as accurate as possible. Certain statements made in this
presentation may not be based on historical information or facts and may be “forward looking statements” and may be
subject to risks and uncertainties that could cause actual results to differ materially and adversely from those that may be
projected by such forward looking statements.
These risks and uncertainties and other factors that could affect, including but not limited to, competition, acquisitions,
economic conditions, ability to retain highly skilled employees, technology, law and regulatory policies, managing risks
associated with its business.
i-flex makes no representation or warranties with respect to the contents hereof and shall not be responsible for any loss
or damage caused to the user by the direct or indirect use of this Presentation. i-flex may alter, modify or otherwise
change in any manner the content hereof, without obligation to notify any person of such revision or changes.
All company and product names are trademarks of the respective companies with which they are associated.
COPYRIGHT © 2003 i-flex solutions limited
All rights reserved.
www.iflexsolutions.com 3
AgendaAgenda
i-flex Solutions – Corporate Overview
i-flex ATC Partnership
Multi Channel Integration Platform – FLEXCUBE@
Need for Multi Channel Integration
Business Benefits
FLEXCUBE Core Banking
Functional Architecture
Customer Base
Conclusion
www.iflexsolutions.com 4
i-flex Solutions – Company Highlightsi-flex Solutions – Company Highlights
Consistent growth & profitability since 1992 - the first year of operations
Revenues $133.9 million fiscal year 2002
Extensive global experience : 430+ financial institutions served to date across 101 countries
34 partner organizations covering 50 countries
Superior process maturity – rated at SEI CMM Level 5; this puts us in the top 2.5% of all companies assessed globally*
2,600 + professionals with deep financial services domain expertise
European operations span, UK, Germany and Benelux with a 24x7 support center in London
* Highest level of process maturity according to the Capability Maturity Model of Software Engineering Institute of Carnegie Mellon University
www.iflexsolutions.com 5
i-flex - Key Performance Indicators 2002-03i-flex - Key Performance Indicators 2002-03
Operating Revenues
Region-wise Revenue
0
20
40
60
80
100
120
140
1998 1999 2000 2001 2002 2003
Revenues (US$Million) Net profits (US$ Million)
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Providing End-to-end Solutions for the BFSI spaceProviding End-to-end Solutions for the BFSI space
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Globally Successful Product BusinessGlobally Successful Product Business
World Class Product Portfolio
FLEXCUBE: Complete Universal Banking Solution
FLEXCUBE ranked #1 selling banking solution in the world in the year 2002 (IBS UK, 2002)
Reveleus: End-to-end metadata driven business intelligence solution
Accelerating customer acquisition and geographical penetration
160 customers for FLEXCUBE across 74 countriesas of October 2003
Fastest to cross 100 customer mark
Success in Europe – Nearly a third of the FLEXCUBE sites are in Europe
Growing high profile customers and global deployment contracts
Citibank – Global deployment
RaboBank – Europe Wide Deployment
Recent wins in US : NCDST, IMF
Cumulative FLEXCUBE wins
6 1535
74
111
142
FY98 FY99 FY00 FY01 FY02 FY 03
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www.iflexsolutions.com 8
i-flex – Sample Customersi-flex – Sample Customers
Central Bank Central Bank of Maltaof Malta
Global FIs
Leading Regional / National FIs
Specialized FIs
Karur Vysya Bank
Reserve Bankof India
www.iflexsolutions.com 9
i-flex – ATC Partnershipi-flex – ATC Partnership
ATC Group
Successful software integrator in Greece with affiliate in Romania ( ATC ROM)
Proven Track Record in the BFSI space in Greece
Partnership to focus on –
Increasing FLEXCUBE presence in the region
Building implementation and post implementation support capabilities within ATC for the region
www.atcrom.ro
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FLEXCUBE@ Multi Channel Integration FLEXCUBE@ Multi Channel Integration PlatformPlatform
www.atcrom.ro
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InternetApplications
IE NetscapeClient Workstation
Format Conversion
Traditional Channel Deployment – a Typical ViewTraditional Channel Deployment – a Typical View
RetailBanking
VSAM
CustomerInformation File
VSAM
Legacy
CorporateBanking
RDBMS
Reporting and AccountingDatabases
Flat files
MessageQueues
MessageQueues
ASCIIInterface
ATM
ASCIIInterface
Teller Teller
Phone
Mobile
www.atcrom.ro
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Traditional Channel Deployment – ProblemsTraditional Channel Deployment – Problems
Disparate Channels and Systems
Islands of Information
Multiple Point-to-point interfaces
Customized code
Disintegrated view of data
Data Duplication
High Maintenance and Manageability issues
Complex workflows
www.atcrom.ro
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Channel Integration Platform
InternetApplications
IE NetscapeClient Workstation
Requirement - Integrated SolutionRequirement - Integrated Solution
RetailBanking
VSAM
CustomerInformation File
VSAM
Legacy
AccountingDatabase
Flat Files
ATM
RDBMS
CorporateBanking
Phone
Mobile
www.atcrom.ro
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Host 1
Consolidated View
Single Login
Multi Channel Delivery and Application Integration Multi Channel Delivery and Application Integration through FLEXCUBE@through FLEXCUBE@
Host Connectors
Host 2 Host n
Multi-Channel Access
POS Internet Browser Phone Wap Client TV Browser PDAATM
FLEXCUBE @
JDBC FIXISO
8583MQ XML
www.atcrom.ro
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Benefits of an Integrated SolutionBenefits of an Integrated Solution
Single logical view of Data
Uniform data model
Uniform experience across channels
Single Login
Integrated Applications
Single point of contact for all applications
Easy Maintenance
Avoids replication
Comprehensive MIS from a single point
Usage statistics and analysis
www.atcrom.ro
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Gulf Bank – A case Study on FC@Gulf Bank – A case Study on FC@
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Bank RequirementsBank Requirements
Internet Banking for Retail & Corporate Customers
No Changes acceptable to existing systems
Multiple Back-end interface for Authentication and Transactions
Transactions over Mobile Banking
Single user ID across all channels
Quick implementation
Arabic Screens
Highly scalable solutions to meet future growth
www.atcrom.ro
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The SolutionThe Solution
MSMQ
FNS RetailBanking
xNetik Middleware
ATM Switch
CorporateBanking
Internet
Mobile
www.atcrom.ro
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The ResultThe Result
www.e-gulfbank.com
Internet Banking launched in record time
User base growing rapidly
High on Popularity and Customer satisfaction
Personalized access to accounts
Quick transaction response times
Single ID across channels
Multi-Lingual User Interface
Mobile Banking on multiple handsets
Minimal change to existing systems
www.atcrom.ro
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““i-flex’s FLEXCUBE@ offered us distinct technological advantages like quick i-flex’s FLEXCUBE@ offered us distinct technological advantages like quick deployment time which suited our launch schedule, a completely Arabic deployment time which suited our launch schedule, a completely Arabic interface, and above all personalized online access to all the information interface, and above all personalized online access to all the information
customers needed on their accounts.” customers needed on their accounts.”
Mr. Nazem S. O. Al-Qana'e
General Manager Support Services
Gulf Bank
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FLEXCUBE Universal Banking SolutionFLEXCUBE Universal Banking Solution
FLEXCUBE@ - Multi Channel Delivery / Integration Platform
FLEXCUBE -- Universal Banking System for Retail, Corporate and Investment Banks
Reveleus
Business Intelligence ( Analytical CRM, Basel II framework, Risk Management analytics)
www.atcrom.ro
www.iflexsolutions.com 22
FLEXCUBE Application Service Provider (ASP) OfferingFLEXCUBE Application Service Provider (ASP) Offering
www.atcrom.ro
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FLEXCUBE- Background, History & CredentialsFLEXCUBE- Background, History & Credentials
Launched in 1997 as an Universal Banking Solution for Retail, Corporate and Investment Banks
Ranked # 1 selling banking solution in the world in 2002 ( IBS )
Accelerated customer acquisition and geographical penetration
160 plus customers for FLEXCUBE across 74 plus countriesas of October 2003
Fastest to cross 100 customer mark
Success in Europe – Nearly a third of the FLEXCUBE sites are in Europe
Has over 700 dedicated professionals engaged in product development, implementation and support
Key customers include Citibank, International Monetary Fund (IMF), UBS Warburg, Rabobank, Kredyt Bank, Shinsei Bank, ACC Bank etc.
www.atcrom.ro
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Estimated Annual Cost Reduction for Citibank by using Estimated Annual Cost Reduction for Citibank by using FLEXCUBEFLEXCUBE
0
20
40
60
80
100
120
2000 2002 2004
Year
In U
SD
Mil
lio
n
Source : Celent
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ConclusionConclusion
A Unique Combination
FLEXCUBE
Contemporary System, Broad Range and Depth of Functionality
Large Customer Base - Globally accepted, successful track record
Leading Edge Technologies
#1 banking solution in the world (IBS 2002)
i-flex
Exclusive focus on Banking and Financial Services – Deep Domain Expertise
Excellent Reputation for Implementation and Development
SEI CMM Level 5 organisation
One of the few IT companies whose share price continues to grow despite the downturn.
www.atcrom.ro
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Thank YouE-mail : [email protected]
Hand Phone (Europe) : + 44-7980561480
Hand Phone (India) : +91-9820768728
E-mail : [email protected]
Phone: + 40 21 201 11 91 (office) + 40 766 452 096 (mobile)