i-flex solutions recently announced its entry into the Private Banking and Wealth Management space with the launch of FLEXCUBE Private Banking Suite. The solution is easy-to-integrate with existing back office applications and cost effective for banks and financial institutions.

The solution today supports the entire lifecycle of Customer Management, Transaction Management and Portfolio Management functions for the mass affluent and high net worth segment of the bank’s domestic business.

“The FLEXCUBE Private Banking Suite enables institutions deploy holistic wealth management offerings that provide competitive differentiation and improve their share of the customer’s wallet. The solution empowers institutions to shift their approach from a “one size fits all” to a personalized model. It will also help them reduce costs by giving them the ability to retire standalone wealth management solutions,” says N.R.K. Raman, Managing Director and CEO, i-flex solutions.

The FLEXCUBE Private Banking Suite provides financial institutions and their customers a unified view of customer wealth across their portfolios, including the ability to consolidate the holdings of a family. It enables financial institutions and their customers manage multiple asset classes including equity, mutual funds, bonds, structured products, real estate and commodities, whether held within the bank or with other external institutions. The solution uses open standards and offers quick and easy integration with product processors, core banking, CRM and other back office systems.