HP announced an agreement with i-flex solutions to jointly sell and market hardware and software solutions for financial institutions. The solutions are designed to enable these organizations to offer real-time, online core banking as well as to provide 24x7 telephone banking, ATM transactions, Internet banking and other services.

i-flex solutions is a provider of information technology software solutions to the financial services industry worldwide through a comprehensive range of products and customized service offerings. i-flex enables financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk through its suite of products and services.

HP and i-flex will sell HP's integrated offerings – including open infrastructure solutions, software and services – with i-flex's suite of financial services software as an alternative to legacy mainframe systems. i-flex's solutions include the FLEXCUBE family of products and Reveleus business intelligence and analytics offering.

Together, HP and i-flex will provide core banking solutions that help financial institutions to reduce costs and increase revenues through comprehensive transaction processing and Internet banking. Both companies have created sales and marketing teams as well as co-marketing programs to better reach and support customers around the world.

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