I-flex solutions is making a business process management application available to banks. It is called iPFB.
“Banks are struggling with the challenge of transforming their systems to achieve business agility without risking business disruption,” says R Ravisankar, the CEO of International Operations and Business Development at i-flex solutions. “iPFB provides them with the tools to implement business process improvements without a major surgery to the supporting application and IT infrastructure. It also provides them with a way to move from a legacy environment to an SOA environment in a phased manner, while managing operational risk effectively. Together this adds up to immediate positive impact on the business.”
“iPFB moves i-flex from a vendor of software to that of system integrator and advisor to the largest of banks,” adds Bart Narter, a senior analyst with the banking group at Celent LLC.