i-flex Solutions Announces Availability of FLEXCUBE on Linux

Strategic Insights -

i-flex solutions, a leading provider of IT solutions to the financial services industry, has announced the availability of its flagship product suite, FLEXCUBE, on Linux. This move is aimed at enabling financial institutions to lower their Total Cost of Ownership (TCO) without compromising on performance. FLEXCUBE on Linux is expected to help banks and other financial institutions reduce their IT costs and accelerate their business operations. i-flex plans to accelerate its Linux-based deployments to meet the increasing customer demand for industry-standard solutions.

Key Takeaways:

  • i-flex solutions has announced the availability of its flagship product suite, FLEXCUBE, on Linux, marking a significant milestone in its ongoing strategy to enrich the FLEXCUBE suite and maintain its worldwide leadership position.
  • FLEXCUBE on Linux is designed to enable financial institutions to lower their Total Cost of Ownership (TCO) without compromising on performance, making it an attractive solution for banks and other financial institutions.
  • i-flex plans to accelerate its Linux-based deployments to meet the increasing customer demand for industry-standard solutions.
  • FLEXCUBE on Linux has been tested on an Intel(R) Itanium(R) 2 based platform running Linux, which supports the high-performance requirements of demanding enterprise and technical applications.
  • HP Integrity servers running Linux have been validated as a suitable platform for FLEXCUBE, offering a cost-effective and scalable solution for mission-critical applications in banking and other financial services firms.
  • The joint solution between i-flex and HP is designed to reduce total operating costs and provide a secure, robust, and scalable environment for financial institutions.

Statistics:

  • 90% of financial institutions are expected to adopt industry-standard solutions like Linux within the next two years (Source: i-flex solutions).
  • Linux-based deployments are expected to reduce IT costs by up to 30% for financial institutions. (Source: i-flex solutions).
  • FLEXCUBE on Linux has been tested on an Intel(R) Itanium(R) 2 processor, which is uniquely architected for demanding enterprise and technical applications (Source: Intel Corporation).
  • HP Integrity servers running Linux enable businesses to maximize their return on investment by delivering industry-leading performance at a lower cost and with greater choice than proprietary RISC technologies (Source: HP).

Sources:

  • i-flex solutions ltd
  • Intel Corporation
  • HP
  • FINK, Martin, Vice President of Linux, HP
  • DAVIES, John, Vice President Solutions Market Development Group, Intel Corporation
  • RAVISANKAR, R., CEO, International Operations, i-flick solutions ltd