Caribbean bank to deploy i-flex's Flexcube

i-flex solutions has announced on Monday that the Barbados-based FirstCaribbean International Bank, the largest bank in the Caribbean region, will deploy Flexcube, its banking software, to facilitate the bank's cross-border operations to offer online real-time banking and related e-services.

"We expect to start our Internet banking services by the end of this year and, going forward, we will continue to add more features to this new banking channel," Charles Pink, chief executive officer, FirstCaribbean International Bank, said.

FirstCaribbean services 7 lakh customers across 25 Caribbean islands. By deploying Flexcube, the bank will have a multi-channel integration solution that will offer its customers a consistent experience across multiple delivery channels.

The bank will implement Flexcube's 'retail and corporate' platform to support Internet banking and 'connect' platform for channel-integration.

Initially, customers will be able to conduct all banking transactions, including managing account balances and inquiries on loans and deposits, account history, currency transfers, stop payments and complete check ordering.

Later, in the second phase, customers will be offered online bill payment capabilities, while global, corporate, commercial, and capital markets clients will have access to wire payment services as well.

In market capitalisation terms, FirstCaribbean is the largest listed bank in the Caribbean, with nearly $9 billion in assets, 3,300 staff and over 7 lakh accounts.