 "Bank Danamon Initiates Core Banking Transformation")
i-flex solutions, a provider of IT solutions to the global financial services industry, announced that PT Bank Danamon Indonesia (Bank Danamon) has commenced the implementation of FLEXCUBE as the core banking solution for its Retail and Corporate Banking operations.
Bank Danamon will changeover to FLEXCUBE for the entire range of its operations; from Mass Market Retail operations, to Small and Medium Enterprises banking.
FLEXCUBE will enable Bank Danamon achieve greater customer centricity with flexibility to innovate in customer products, delivery across multiple channels and a single view of the customer across different business segments.
Kishore Kapoor, chief executive officer, i-flex solutions, remarked, “Bank Danamon is a leading bank in Indonesia with very robust banking operations, and i-flex is proud to partner with such an institution. We are excited to be participating in the bank’s transformation program and we expect many other regional leaders to follow this project at Bank Danamon to enable better share and reach in a competitive market.”
The core banking transformation will be completed over the next 24 months and the solution will be deployed across more than 1200 branches of Bank Danamon.
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