i-flex Solutions FLEXCUBE selected by Bank DnB NORD as Core Banking Platform for Operations in Six European Countries

i-flex Solutions Ltd has announced that Bank DnB NORD’s Danish and Finnish operations are live on FLEXCUBE®, its flagship product. DnB NORD is a joint venture between Oslo-based DnB NOR, Norway’s largest financial services group, and NORD/LB, Norddeutsche Landesbank and Girocentrale, a leading universal bank in North Germany. The bank selected FLEXCUBE for its banking transformation initiative across Latvia, Lithuania, Estonia, Poland, Finland and Denmark. The FLEXCUBE implementation commenced late February this year, and Denmark and Finland were live by early July.

The transformation project spans the corporate and consumer business of DnB NORD, across multiple legal entities. A joint team from the bank and i-flex Consulting created a common business operating model across all countries, and is now helping DnB NORD standardize its business structure and processes on FLEXCUBE for better operational efficiency.

On partnering with DnB NORD, Joseph John, Executive Vice-President, Banking Products Division, i-flex solutions, stated: "We are delighted to be a partner of choice at DnB NORD to enable the banking transformation program. Encouraged by the success of going live with FLEXCUBE in the Nordics (Denmark and Finland) in an aggressive timeframe, we are confident we will keep up the pace for FLEXCUBE going live across the rest of DnB NORD’s countries of operation."

The stock was trading at Rs.1895, up by Rs.11.40 or 0.61%. The stock hit an intraday high of Rs.1943 and low of Rs.1894.

The total traded quantity was 3477 compared to 2 week average of 10861.

Source : Equity Bulls

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