Hebros Bank, Bulgaria, selects i-flex Solution’s Flexcube

Bangalore: i-flex Solutions has announced that its product Flexcube has been selected by Hebros Bank in Bulgaria to centralise its banking operations and provide the technology platform for accelerating retail banking operations.

The Bulgarian National Bank with the merger of eight domestic banks, each, formed Hebros Bank having disparate systems. With Flexcube, the bank will have the common centralised platform to achieve substantial improvement in service levels, efficiencies and processes.

Says i-flex Solutions vice-president (Europe sales) V Senthil Kumar: “This order, in addition to being significant in size, will also be a stepping stone for many more retail wins in Europe, especially Eastern Europe, where the market is still untapped.“