Citigroup to implement i-flex's Reveleus in US

Citigroup has selected Reveleus, a business of i-flex Solutions, to support its Basel II processing for the United States and local jurisdictions.

According to a release issued by i-flex to the BSE today, the Reveleus Basel II solution was selected by Citigroup after an extensive evaluation process over the course of several months. The solution will be implemented across all lines of business at Citigroup, the release added.

S Ramakrishnan, CEO of Reveleus, said: "We are excited to be working with Citigroup in this strategic and global regulatory initiative. Citigroup's selection of Reveleus demonstrates the product's comprehensive functionality for large tier-1 banks, and the ability to manage the challenges of multiple jurisdictions and business lines."