i-flex Solutions - Bank M (Tanzania) Selects i-flex''s FLEXCUBE As Core Banking Solution

i-flex Solutions Ltd on September 17, 2007 has announced that Bank M (Tanzania) has selected its flagship product FLEXCUBE® as its core banking solution.

Technology is the backbone of the financial services industry. We selected FLEXCUBE after an exhaustive rating process. We are confident of i-flexs regional support, and impressed with the commitment of i-flex personnel. We are sure the association will be an enduring and beneficial one, said Nimrod Mkono, Chairman and Chief Executive Officer, Bank M (Tanzania).

Bank M (Tanzania) is the first Service Standard Guarantee (SSG) provider in East Africa and uses technology to deliver on its promises. If the bank fails to meet expected timelines or customer care standards, it undertakes the transaction or delivery of the product free of cost. Bank M (Tanzania) provides money-round-the-clock; and all its branches are open from 8 am to 8 pm, unlike most banks that operate until 3 pm and work only half-days on Saturdays. Bank M (Tanzania) has also instituted a program to provide Drive in cash banking at all its branches.

Commenting on the selection, Anil Rai, who heads Africa Sales of the Company said, We are delighted to partner with Bank M (Tanzania) to help them redefine their technology strategy to create competitive advantage. We have over 70 customers in over 23 countries in Africa, including five in Tanzania. This win is a testimony to our growing presence and traction in the region and also our deep commitment to the continent.