iFlex's Flexcube ranked best-selling core banking solution for fourth year

i-Flex Solutions Ltd has announced that for the fourth consecutive year, its flagship product, Flexcube, has been ranked the world's highest-selling core banking solution for 2005 in the 'sales league table' of International Banking Systems (IBS), UK.

According to Rajesh Hukku, chairman and managing director, i-Flex Solutions, said "Topping the global sales league tables with our flagship product not once but four times in succession is a resounding independent endorsement of Flexcube's market leadership. I would like to thank all our customers for inspiring us even as we rededicate ourselves to deliver greater value and efficiency.

In the past year alone, some of the world's leading banks in Western Europe, Japan and the US have invested in this core banking solution, which had consistently ranked among the top two best selling banking solutions since 1999, and ranked No.1 since 2002. According to the company, Flexcube has been installed in over 250 financial institutions across 100 countries.

The IBS Sales League Table is considered the industry's best-recognised global sales listing. The listings are based on a world-wide annual survey of sales of banking solutions, including universal, corporate, retail and private banking solutions, during a calendar year.