ExamNotice

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.