At its Connect 2004 user conference, PeopleSoft Inc. announced that it has formed an alliance with i-flex solutions to develop and market an integrated solution for the banking industry. The new combined solution will provide integration between i-flex's core banking suite, FLEXCUBE, and PeopleSoft's financial management and customer relationship management applications.

This new integration will provide financial institutions with a dynamic view of balances, transactions and account history across all core-processing systems, eliminating multiple data entry and use of multiple systems. As a result, financial institutions will benefit from increased accuracy and improved customer satisfaction.

FLEXCUBE is a solution that captures and processes banking transactions for retail, consumer, corporate, investment and Internet banking, asset management and investor servicing. Combining PeopleSoft's enterprise applications with i-flex's FLEXCUBE enables banks to streamline the processing of financial transactions such as customer deposits and withdrawals, security trades, loan payments and teller transactions from the core banking system to the bank's financial systems.

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