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)

Round 1: Aptitude Test Round

Round 1: Aptitude Test
Round 2: Technical (Personal Interview)
Round 3: Human resourse (Personal Interview)

Apptitude test

Technical interview was on 2nd April 2007

The paper is not so tough........... So there's no need to worry. The questions are not so complex!
They are direct and easily approachable.
Pattern:
Total Questions = 50 qs.
Total Time given = 60 mins.

Mark Distribution: All questions carry 1 mark.
Correct Answers = +1 mark
Wrong Answers = -0.25 marks

The paper is divided into 5 sections of 10 questions each.
Analytical reasoning, logical reasoning and Data Interpretations were the questions there. Questions on english language skills were more.
Puzzles were not asked.

I don't remember all the questions, Some of them are given below.

Questions:
1-4. Find the pair which suits the best.
One of which i remember, I've given below
Q. Circuitous: Route
a. dumbfound: Astonishment
b. problem: solution and so on

5-8. Choose the best pair:
Here a sentence was given with two blank spaces. We have to find the best pair which fits into the sentence.

10-15. comprehension questions were asked
15-20. Data interpretation
21. A reasoning question was asked
22-24. A sentence was given, and one from a set of 4 solutions was asked to be opted, which gives the best solution or gives the correct meaning of the paragraph.
25-30. Data interpretation

Here a table was given, and in it few data were missing. Keeping all other information in mind, we were asked to choose the correct answer for the given questions.( Not so tough )
30-35. Another data interpretation question was asked.

Here the questions were easy. Be sure of the table given, because at first in tension I did not see the term 'total' below, so i considered it also to be a data and took it into calculation. Later i found that one out. But it was a waste of time. Even a single second counts!!!!

35-40.Verbal Reasoning questions were asked
This included questions like this. Some of which i remember are given below.
Q. All yyyy were swimmers;
All swimmers wear swim suits;
Sally wears swim suit;
Solns:
a. Sally does not know swimming
b. Sally is a swimmer
c. Sally is a yyyy
d. Data insufficient

Q. Data coding was asked.
eg. if PRATAP can be coded as 736467 and MILAN was coded as 98561, how can PLANT be coded? (This was not the question, but the type is the same)

40-50. Only Analytical Questions

Some of them are:
Q1. The square of a two digit number is divided by half the number, and 36 is added to the quotient. The sum is then divided by 2. The digits of the resulting number are the same as the number, but inreverse order. The digits in the tens place of the original number is twice the difference between the digits.which of the following could be the number?
a.64 b.36 c. 46 d. None of these

Q2. If a boat moves upstream with the speed of the boat as X and the speed of the stream is Y, what is the time taken by the boat to go upstream a distance of 90 kms and come back? (I'm not sure of the values of the speed of boat and stream ie., I dont remember the value of X and Y).

Q3. Auestion on sensex was asked.

I dont remember the rest of the questions!

Tips to attend effeciently:
1. Start-off with a word of prayer (This will increase the confidence level for sure)
2. Start attending questions of English Language skills and then logical or analytical reasoning.(This will accelerate your speed of problem as they would be easier. You can feel it!).

3. First read the question which you are going to attend fully. Don't write down the given data before reading the question fully. This is because, most of them would be easier than you think they are to be! The last portion of the question may have a hint to solve the question directly. For example see Q1 in "40 - 50" .

4. When you feel a question is tough (even if they are not, but if you feel just on seeing ) move on to the next question. Don't waste time in a single question. THIS THE MISTAKE ALMOST EVERYONE WOULD DO. ( It may be even you! )

5. Don't hesitate to take risks. Even that counts! But be atleast 60% sure about it.

6. Attend atleast 40 - 45 questions. Don't go more than that. This would show that you are too confident on things which are not correct. These are for questions which have a chance of below 40% for being correct. Or it would show that you have copied or made a guess!

7. Look at your watch occasionally to be sure that you are not going beyond time for certain number of questions.

Frequent time-watching would increae tension level. So be careful.
8. Please don't try to attempt any mal-practice. There are different codes of question papers (even choices may differ). Further the i-flex officials will be on rounds. This is for sure. They caught about 36 students for copying in our center. This may lead to consequences even upto disqualification for ever (in case if you would like to attend i-flex again).

9. Ifyou have time left out go for the questions you were doubtful and not for the questions that you did not get answer.(But there will not be time for that. Fortunately I had about 20 seconds left before handing over the paper)

10. Finally when you close your paper, finish it with a word of prayer.

My Experience:
I started with prayer. This boosted my confidence level. Then I started the question in English section. This increased my speed and gave me enough time to attend the other questions. I left questions which were longer the first time and came back for them later. Those questions which I thought to be difficult , I did not even read them fully. "A WISE CORRECTS HIMSELF FROM OTHERS MISTAKES"

Be careful that you don't make such mistakes.

Personal Interviews: Technical Interview:
1. Questions were from one programming language (For non-IT and non-CSE students it will be C or what you have mentioned in your Resume).
2. Then questions from that branch or department will be asked (would be almost from the basics).
3. Also sometimes your strengths or field of interests would be asked (From your subjects).

Human Resourse:
1. Questions will be general as you have a technical round before it. Questions will be as * About yourself *Why do you wish to enter banking or IT field* Future plans* Why should I hire you* Why do you wish to become an engineer* What do you expect from i-flex*What do you like in yourself
2. Questions from your resume will be asked. You will be asked to explain the objective or aim that you have written in the Resume.

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