US bank opts for i-flex's Flexcube

Technology solutions provider to the financial services industry i-flex solutions on Wednesday said that First Magnus Federal Bank has become the first US retail bank to opt for its Flexcube for its complete banking platform.

FMFB will be the federal savings bank affiliate of First Magnus Financial Corporation, one of the nation's leading mortgage companies, according to an i-flex statement.

The solution provides FMFB with 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 will all delivery channels, bill payment, item processing and business intelligence, it said.

"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 statement quoted Arnold Aros, CEO of First Magnus Federal Bank.