i-flex To Acquire Capco's Singapore Subsidiary

i-flex solutions, an IT solutions provider to the global financial services industry, recently announced that its Singapore headquartered subsidiary, i-flex solutions, has entered into a definitive agreement to acquire the Singapore subsidiary of Capco " The Capital Markets Company.

i-flex Consulting believes that this acquisition will strengthen its ability to provide high end consulting to banks in the APAC region. The combined i-flex - Capco team claims to provide a pool of expertise to assist banks in business transformation, management of large technology implementations and addressing risk and compliance requirements.

“The acquisition demonstrates i-flex Consulting’s commitment to the region. It is in line with our strategic initiative to address business transformation requirements of financial institutions as it combines Capco’s consulting strengths in APAC and i-flex Consulting’s experience in delivering solutions for the BFSI (Banking, Financial Services and Insurance) segment globally,” said Vijay Sharma, senior vice president, i-flex Consulting.

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Kishore Kapoor, CEO, i-flex, commented on how several banks in the APAC region, including Japan, continued to undertake business transformation through large-scale technology and consulting investments in next generation core-processing platforms. It is with this knowledge that i-flex plans to offer high end consulting to many banks in the APAC region.