Banco De Chile Choose i-flex solutions

Saturday 19 June 2004 09:17 CET | News

Banco de Chile has selected i-flexs FLEXCUBE product suite to replace its legacy retail core banking system.
The FLEXCUBE product-based architecture will replace the Banks existing core system and allow them to run their various business lines on a single application platform, define new products on a template format and utilize common services across all FLEXCUBE modules. The i-flex team commenced the project on September 2003 and has completed the initial project ground work at the Bank, including study and analysis of the Banks requirements. The team will begin the next phase of the project to implement the core banking solution that covers a number of retail banking activities, ranging from General Ledger that offers multiple views of the information to support the Banks multiple reporting structures and functional modules including loans, current and savings accounts. The newly integrated system will allow the Bank to launch new products faster and more efficiently by eliminating previous requirements to make extensive code modifications to multiple fragmented systems. Banco de Chile is the oldest bank in Chile and the largest financial institution of local capital. Headquartered in Santiago, Banco de Chile is a full-service commercial bank focused on providing the whole range of financial services to corporate and individual customers. The Bank delivers financial products and services through a nationwide network of 219 branches, 822 automated teller machines (ATMs) located throughout Chile as well as offers international banking services through its branch in New York, its agency in Miami, representative offices in Buenos Aires, Sao Paulo and Mexico City and a worldwide network of correspondent banks.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce