The Islamic Bank of Asia (IB Asia) will be implementing i-flex's Flexcube Islamic banking suite as the core banking solution for its operations. IB Asia, the first Islamic Bank in Singapore, formed by DBS Bank and leading investors from the Gulf Co-operation Council, caters to commercial banking, corporate finance, capital markets and private banking services. The Flexcube Islamic banking suite will provide the bank a Shariah- compliant, new generation core banking solution, which will automate the transaction processing function of the bank. Flexcube will provide IB Asia customer-centric solutions to enable faster response and a single view of the customer across businesses."We are proud to be the platform of choice for an institution like IB Asia with its powerful lineage of investors. Being a conventional banking platform leader, i-flex saw the Islamic wave early on and made a strategic investment in developing a truly global Islamic banking solution," said Kishore Kapoor, CEO, i-flex solutions.
