First Magnus Selects I-flex Solutions For Retail Core Banking

Financial technology provider i flex announced today that First Magnus Federal Bank (FMFB) has become the first US retail bank to opt for i flex's complete banking platform. FMFB will be the federal savings bank affiliate of mortgage company First

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Financial technology provider i-flex announced today that First Magnus Federal Bank (FMFB) has become the first US retail bank to opt for i-flex’s complete banking platform. FMFB will be the federal savings bank affiliate of mortgage company First Magnus Financial Corporation.

“After a most rigorous evaluation process, we selected FLEXCUBE because it met our objectives to future-proof our systems with a state-of-the-art, end-to-end core banking solution that is both feature rich and highly flexible based upon our current and projected business needs,” said Arnold Aros, CEO of First Magnus Federal Bank. “This implementation will not only help us enhance our customer service levels but enable cross-selling opportunities. Faster time-to-market for new product launches, enhanced MIS and ad-hoc reporting capabilities are some of the other benefits this solution brings to the table.”

The solution provides FMFB with the integration of Oracle’s PeopleSoft CRM, which will deliver sales, marketing and customer service capabilities with FLEXCUBE providing full support for core banking and integration with all delivery channels, bill payment, item processing and business intelligence.

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