i-flex Solutions Ltd has announced that Mantas Inc., a business of the Company and a provider of regulatory compliance, loss prevention and revenue generation solutions, on March 15, 2007 announced a new relationship with a top Israeli bank. Mantas was chosen because of its global reputation and expertise in designing solutions to meet regulatory demands across multiple lines of business, all on a single platform.
In addition to finding a vendor with a history of successful implementations, the full- service commercial bank focused on a solutions provider who could offer a single platform to handle large volumes of disparate data. The bank, which provides a complete range of personal and commercial banking, trade services and innovative bank deposit products, found that Mantas has the industry's most comprehensive solution for exceeding regulatory requirements and minimizing risk.
"Our client's business requirements were to grow their business and to address current and future regulatory requirements. By implementing the Mantas platform, with its proven ability to meet global regulatory demands, our new customer has unparalleled ability to future-proof their compliance initiatives," said S Ramakrishan, CEO for Mantas and Reveleus. "We've seen a substantial increase in customers from around the globe looking for holistic enterprise compliance solutions. With Reveleus we are now in a position to offer significant enterprise solutions like the financial services industry's first Governance, Risk and Compliance (GRC) framework."