i-flex to participate in the Made in India (MII) Show in Cairo

Its Chief Executive Officer (CEO) and Managing Director, N R K Raman will arrive in Egypt for a three-day visit. He will be meeting with key Egyptian banks in addition to i-flex solutions' customers and partners in Egypt.

Raman will also meet with the Indian Ambassador to Egypt and the Chairman of the Federation of Egyptian Industries and Egyptian Businessmen's Association.

i-flex enjoys a leading position as a provider of banking solutions to the growing Egyptian banking and financial services industry. It is estimated that the majority of banking transactions in Egypt are handled by banks who use i-flex's core banking solution - FLEXCUBE.

FLEXCUBE is i-flex's core banking platform for retail, consumer, corporate, investment and internet banking, consumer lending, asset management and investor servicing and for payments (SWIFTNet and SEPA).

This visit of i-flex's MD and CEO to Egypt reconfirms the company's commitment to help developing and supporting the fast growing Egyptian banking and financial services industry.

i-flex solutions is a key participant in the Made in India (MII) Show, due to take place on November 20- 23, 2007 at the Cairo International Exhibition & Fair Grounds. i-flex solutions would sponsor the Indo-Egypt Industrial Cooperation Seminar held as part of the MII show.

N R K Raman, MD and CEO of i-flex solutions said,

'i-flex solutions values its relationship with leading institutions in the Egyptian banking and financial services industry and has seen rapid positive development here in the past few years. We at i-flex are committed to supporting the Egyptian banking and financial services industry in its endeavor to become globally competitive and achieve growth through innovation.'

He added, 'We are proud to be part of the first ever Made in India (MII) Show. We see this as a great initiative to strengthen the mutual cooperation between India and Egypt. This would open up many opportunities for Indian and Egyptian businesses to cross-leverage each other's strengths for growth. We wish the authorities all the success in this maiden endeavor.'

i-flex solutions' flagship solution for the financial services industry - FLEXCUBE - has been ranked the world's No. 1 selling core banking solution for five consecutive years - 2002-2006- by the UK-based International Banking Systems (IBS). Launched in 1997, today, the product suit is chosen by over 325 financial institutions in over 115 countries.