i-flex Solutions today announced its entry in the private banking and wealth management space with the launch of Flexcube Private Banking Suite.According to a release issued by the company to the BSE today, the solution is easy-to-integrate with existing back office applications and cost effective for banks and financial institutions."The Flexcube Private Banking Suite enables institutions deploy holistic wealth management offerings that provide competitive differentiation and improve their share of the customer's wallet. The solution empowers institutions to shift their approach from a one- size-fits-all to a personalised model. It will also help them reduce cost by giving them the ability to retire stand-alone wealth management solutions," said N R K Raman,managing director & CEO, i-flex.