iFLEX

Career Details
Eligibility:

Engineering Degree with 50%

Selection Process:

Written
GD
Interview

Entry Package:
2.3
Organization Details
Industry:
IT/Software, Hardware
Company Profile :

The i-flex portfolio includes FLEXCUBE®, a complete banking product suite for retail, consumer, corporate, investment and internet banking, asset management and investor servicing, including payments (SWIFTNet and SEPA). Since its launch in 1997, more than 315 financial institutions in over 105 countries have chosen FLEXCUBE. The product suite has been ranked the world's No. 1 selling core banking solution for five consecutive years--2002, 2003, 2004 2005 and 2006--by the UK-based International Banking Systems (IBS).

Daybreak™ is a comprehensive consumer lending system that automates all aspects of financing from origination, to servicing and collections for installment loans; consumer leases, revolving products and home equity lines of credit. With the product suite, financial services institutions are empowered with improved productivity, enhanced customer service and effective risk management.

The Reveleus™ suite of analytical applications for the financial services industry is focused in the areas of risk management, customer insight, and enterprise-wide financial performance. Reveleus' Risk Analytics product solves the most complex global challenges facing the financial industry today, including multi-jurisdictional Basel II compliance and operational risk management.
Reveleus was positioned in Gartner's 'Leaders Quadrant' in its 'Basel II Risk Management Application Software Magic Quadrant for 2005' and '2006 Basel II Software Applications Magic Quadrant'. Reveleus was also 'Highly Commended' for its Compliance Initiative Innovation in The Banker Technology Awards for 2006.

Mantas® is a wholly owned subsidiary of i-flex. Mantas' Behavior Detection Platform is the industry's most comprehensive solution for detecting risk, enhancing customer relationships, and addressing regulatory requirements in the anti-money laundering, trading and broker compliance areas. Mantas, along with Reveleus, offers a single, unified platform for governance, risk and compliance. Some of the specific challenges Mantas addresses are global AML compliance, MiFID, the market abuse directive, customer risk and suitability, account takeover and identity theft, among others.

Together with Castek® Software Inc., a majority-owned subsidiary, i-flex offers strategic business software and services for the global Property and Casualty insurance market. Castek provides insurance carriers with a suite of core business processing systems for insurance product and process configuration, policy processing, customer billing, claims management and services.

PrimeSourcing™, i-flex's global IT services division, provides customized software solutions exclusively for the financial services industry worldwide, with a dedicated focus on delivering solutions through domain specialization. While at a broad level this domain specialization focuses on corporate, investment, private and retail banking, and the insurance domains, each of these domains are further segmented into relevant practice lines and Centers of Excellence. These solutions are supported by a comprehensive pool of proprietary methodologies, best practices, and backed by SEI-CMMi Level 5 compliant processes.

PrimeSourcing's Oracle practice group caters to Business Intelligence, Fusion Middleware (SOA), and Oracle Apps implementation. The division also leverages well-established CoBIT-compliant global infrastructure and development centers to deliver services in an optimized onsite-near-shore-offshore model.

The i-flex Consulting™ division offers an end-to-end consulting partnership, providing comprehensive business and technology solutions that enable financial services enterprises to improve process efficiencies; optimize costs; meet risk and compliance requirements; define IT Architecture; and, manage the transformation process. Consulting services are offered in the areas of business transformation, risk and compliance, program management, IT architecture, IT governance and process improvement. The 'i-flex Process Framework for Banking (iPFB)' is a banking process repository created by drawing on i-flex's domain expertise and best practices. Defined in a manner understandable by the business, iPFB processes can help banks in their approach towards process transformation.

i-flex’s Technology Deployment & Management Services (TDMS) division specializes in designing, deploying and managing IT Infrastructure. The i-RIMS (i-flex Remote Infrastructure Management Services) Center manages IT infrastructure remotely from India on a 24*7 basis through its on-site-offshore model. TDMS services are based on best practices such as ITIL (IT Infrastructure Library), COBIT (Control Objectives for Information and related Technology) models, a globally accepted standard for IT management and control framework, and BS7799 (ISO17799).

The division's offerings include:

FLEXCUBE-centric services help design, plan and set up the IT infrastructure for FLEXCUBE
Oracle Database-centric services, IT Security services, and the Mainframes IT practice.
These specialized services also include IT Infrastructure Process Consulting and Business Continuity Planning.
The Application Deployment and Management Services helps customers set up their core application infrastructure comprising Web, application and database servers, including storage.

i-flex Processing Services is a 100% owned subsidiary of i-flex solutions, with consultants experienced in various functions in the asset management space, financial modeling and valuation KPO. The services provided encompass IT software, consulting, KPO and infrastructure. Equinox Corporation, a wholly owned subsidiary of i-flex, excels in providing cost-effective and high-quality knowledge process outsourcing services (KPO) to the financial services industry.

A survey administered by the Brown-Wilson Group, authors of the best-selling book, The Black Book of Outsourcing, ranked Equinox as the top outsourcing vendor to the Mortgage Banking Industry in 2006. It was also ranked high among the 50 Best Managed Global Outsourcing vendors by The Black Book of Outsourcing in a survey covering 872 outsourcing vendors in 63 countries.

Equinox was selected in the Leaders Category for the '2007 Global Outsourcing 100' by The International Association of Outsourcing Professionals (IAOP). The Global Outsourcing 100 defines the standard for excellence in outsourcing service delivery. Earlier, the same organization had recognized Equinox as one of the 'Top 50 Global Outsourcers & Top 30 Global Offshore Vendors'.

Oracle and the Financial Services Global Business Unit

Oracle is a majority shareholder of i-flex. Its customers in the financial services industry include 17 of the world's top 20 banks and 23 of the top 25 North American banks.

With a view to consolidating Oracle's financial services applications, domain experts, and related services into a single business unit dedicated to the financial services industry, Oracle recently announced the formation of the Financial Services Global Business Unit (FSGBU), headquartered at New York. The FSGBU will extend seamless processes and systems to centralize and coordinate financial services applications from i-flex's rich portfolio of products, services and KPO. Along with Oracle's best-in-class offerings that complement this portfolio, the GBU will offer a powerful and comprehensive footprint for the global financial services industry.

Extended reach

i-flex has over 9,000 employees operating from 14 development centers across India, Singapore and the USA. The company has a strong global reach with a sales, marketing and support presence in 22 overseas locations operating under six subsidiaries (i-flex solutions inc. in the USA, i-flex solutions b.v. in The Netherlands, i-flex solutions pte. ltd. in Singapore, and SuperSolutions Corporation, Equinox Corporation and Mantas Inc. in the USA). In addition, i-flex is represented in 85 countries through over 40 corporate business partners. i-flex also has strong alliance and/or implementation relationships with industry leaders such as Hewlett-Packard, IBM and Intel.

i-flex and FLEXCUBE are registered trademarks of i-flex solutions. Reveleus, Daybreak, Mantas, PrimeSourcing, i-flex Consulting and iPFB are trademarks of i-flex solutions and are registered in several countries.

All other company and product names are trademarks of the respective companies with which they are associated.

There were 3 rounds:-
1)Written test:-
the test consisted of 5 sections(+1 mark for each right answer and -0.25 for each wrong answer) duration was for one hour and total 6 sets were there and my set was 2nd....n total marks was 50.

1st section: English
small passage was given nd we need to select a sentence to represent the meaning of the passage, fill in the blanks with appropriate words, synonyms,etc...

2nd section: Data Interpretation
3rd section: LR(logical Reasoning)
4th section: Puzzle test/coding-encoding blood relations,missing the no.'s problem,etc..
5th section:Quantitive maths questions from age problems,speed and distance,trains n boats problem

only 200 students cleared the written test...among 1000

2) Technical interview:-
questions from oracle like nvl function,basic queries...
foxpro(becoz i have mentioned it in resume)
html basics like creation of forms, some tags
what is SDLC(system development life cycle)
data structures- hashing techniques...
it was a little bit tough round.... the interviewer was very helpful...

after the tech. interview of 45 min.. he said that you have gone cleared the tech round and now u r going for the hr interview....

3)HR interview:
questions from my background family, why we hire u?,where u'll stand in the future,some g.k. questions like...who is the CM of punjab,editor of the tribune,what are ur hobbies..... at last he said that u have done the diploma .. i said yes sir... okay now write some formulas for derivative,integration.. i wrote some of them....

2
Average: 2 (1 vote)

The APTI paper consisted of

The APTI paper consisted of 5 sections with 10 questions in each.

1. ENGLISH TEST.

2. DATA INTERPRITATION.

3. CODING-DECODING & SERIES.

4. CONCLUSION DRAWING & LOGICAL REASONING.

5. QUANTITIVE APTITUDE.

1. ENGLISH TEST

4 questions were from analogy and 6 were from reading comprehension. This section was tough. To answer this section completely one needs to
have depth in English. So, it was not my cup of teaJ… I attempted only 5. (Because –ve marking was there.)

2. DATA INTERPRETATION

2 tables were given on the basis of them 10 questions (5 for each) were there. They were tricky for sure but at the same time not to tough. I did
9 of them and was sure that they were going to fetch me 9 marks. So, this section gave me a extra bit of oxygen after that mess is the English
part. Practicing from R.S.Agarwal Quantitive Aptitude book helped me.

3. CODING-DECODING & SERIES

This part was easy and I correctly answered 10 of them…. For this part R.S.Agarwal Verbal-nonverbal book is enough…..

eg: (It is not the exact one but of same type)

Q. If the word CAPTAIN is coded like NCNVYKC then what is the code for OBSCURE?

Q. 1 7 8 9 6 4 5 6 3 2 7 3 92 99 4 66 36 33 5 664 737 20.

How many even numbers are immediately following another even number?

How many even nos. are immediately followed by 2 even nos.?

4. CONCLUSION DRAWING & LOGICAL REASONING

I didn’t even read the conclusion drawing questions because time was running out. I solved only 2 logical reasoning (2 small ones) and moved on
to the next section, as there was no sectional cut-off.

5. QUANTITIVE APTITUDE.

It was almost 1:10 p.m when I touched this section. I managed to solve only 5 before time ended. This part consisted of problems from
Percentage, Ratio and Proportion, Profit-loss etc.

After that I took a calculated risk and in the last minute I marked almost 4-5 questions about which I was not so sure, thinking if luck helps me
then it will get me 4-5 marks. But it was too risky so, it will be better if you people don’t try it….. You don’t need to answer them all. Try to
answer at least 30-35 questions and believe me that’s enough. The cut-off generally stays around 25 depending on the level of compitition.

At around 4:30 our result was out….. Among total 3500+ candidates from 41 engg. colleges of West Bengal 178 was selected. And I was
lucky enough to be one of them. We were called in to fill-up the H.R form and attend the ppt. In the H.R form some topics were like:
1. Frank assessment of yourself.
2. Your achievements.
3. Long-term and short-term goals.
4. What do you seek from a job.

And a few more. After this form fill-up we had to wait long before the ppt atlast started at 7:45 p.m. I didn’t listen to anything because by then I
had no energy left in me. So, that’s all for 15th….

We had our technical & HR interviews on 18-04-07. After a long wait again, I was called in for the Technical round at around 2:00 p.m.

TECHNICAL INTERVIEW:

It was an easy going one. At first he asked me to introduce myself then to tell something about I-FLEX. I told him everything I’ve learned from
Internet about I-flex. He was impressed by my answers and asked me to solve 4 problems of quantitive aptitude. I was able to answer only the
first 3 as the last one was a problem on infinite G.P series and I’ve forgotten all those formulas. So, he gave me another one from A.P series and
said, “ It’s your last chance!!!!!!!!”…. Thank god, at that point I was able recall some formulas of A.P and eventually to solve that problem and
grab the ‘last chance’. He was very happy to see that I solved that and asked me to wait outside for the HR round. So, at that point it was clear
to me that I’ve cleared the tech round because only those people were asked to wait who cleared the tech interview.

H.R ROUND:

Within 5 minutes I went to give the HR. The lady HR was cool.
Intvr: Have you got your lunch ?

Me: No, mam.

Intvr: Why? It almost 3:00 p.m.(With a smile)

Me: Actually I thought to have it after the interview.

Intvr: Have you got any energy left in you, after this long hours? .( Again with a smile)

Me: Yes, a bit. (Now I gave a smile too!)

Intvr: Do you have any breaks in your studies?

Me: No, mam.

Intvr: Ok, then introduce yourself.

Me: answered and impressed her.

Intvr: Now tell me what do you know about I-FLEX.

Me: answered and impressed her.

Intvr: Tell me something about your family and school life.

Me: Answered. (It is always good to feel proud when talking about parents, so, I did. And she again appreciated my answer.)

Intvr: What are your short-term goal & long-term goal.

Me: I told my short-term goal but I forgot what I’ve prepared as long-term goal. So, after telling my short-term goal I started like ‘life is very
dynamic, so in this fast changing life I don’t like to set-up long-term goals; I setup short-term ones and by achieving them I want to go up the
professional ladder. And I’m also a believer of slow but steady growth ’.

Intvr: Hmmm!!!!!!! That’s very good. So, what camera do you have? (Because I’ve written in the HR form that my hobby is
Photography.)

Me: Nikon F; a 1965 model.

Intvr: What kind of pictures you like to take?

Me: I like to click silhouettes. And when I’ll visit Agra I’ll surely take a silhouette of Taj Mahal. J

Intvr: (She again smiled and tilted her head in appreciation) Do you like music?

Me: Yes mam!!! My favorite band is ‘Poets of the Fall.’

Intvr: What song do you like most?

Me : ‘Carnival of Rust’.

Intvr:J That’s impressive.

Intvr: Do you believe in god?

Me: (With a smile) My mother is my goddess and I believe her.

Intvr: (She was actually amazed by my answer) So, you love your mom?

Me: Yes!!!!! mam.J

Intvr: Whats the meaning of tour name?

Me: Answered.

Intvr: Do you like to travel?

Me: Yes!!!!! I do.

Intvr: Do you have any problem in getting relocated?

Me: No!!! mam.(Now at this point I was getting the wind that I’m selected.)

Intvr: So, that’s all for the day. Hope to see you soon again.

Me:J Thank you mam!!!!! For interviewing me….

Intvr: Have a nice day!!!!!!!!!!!

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