Sharing i-flex experience. 2 © 2006 i-flex solutions ltd. All rights reserved. Due care has been...

Sharing i-flex experience

© 2006 i-flex solutions ltd. All rights reserved. 2

Due care has been taken to make this Presentation as accurate as possible. Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements” and may be subject to risks and uncertainties that could cause actual results to differ materially and adversely from those that may be projected by such forward looking statements.

These risks and uncertainties and other factors that could affect, including but not limited to, competition, acquisitions, economic conditions, ability to retain highly skilled employees, technology, law and regulatory policies, managing risks associated with its business.

i-flex makes no representation or warranties with respect to the contents hereof and shall not be responsible for any loss or damage caused to the user by the direct or indirect use of this Presentation. i-flex may alter, modify or otherwise change in any manner the content hereof, without obligation to notify any person of such revision or changes.

All company and product names are trademarks of the respective companies with which they are associated.

i-flex® and FLEXCUBE® are registered trademarks of i-flex solutions. Reveleus™, Daybreak™, Equinox™ and PrimeSourcing™ are trademarks of i-flex solutions and are registered in several countries.

All company and product names are trademarks of the respective companies with which they are associated.

COPYRIGHT © 2006 i-flex solutions limited.

All rights reserved.

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A leader in delivering technology solutions to the global financial services community.

i-flex® provides a competitive edge to premier financial institutions worldwide through its products and services.

World-class Products

Comprehensive suite of next-generation banking, brokerage, investment management and mutual fund applications for both transaction processing and business intelligence.

Powerful, robust, easy to integrate, and delivering superior TCO.

Customized Services to FIs

Addressing complex issues facing FIs through our deep domain specialization.

Delivering cost-effective solutions with flexible delivery models.

About i-flex®


Customers: Global presence

Zimbabwe

South AfricaNigeriaKenya

PresencePresence

TorontoTokyo Sydney

ShanghaiSingapore Pune

New YorkNew Jersey Mumbai

MoscowMinneapolis Miami

Los AngelesLondonFrankfurt

DubaiDelhi Chennai

BangaloreBostonAmsterdam

Subsidiaries & Offices:Subsidiaries & Offices:

Zimbabwe

UK

Singapore

Mauritius

Kenya

Hungary

China

Global Support DeliveryGlobal Support Delivery

ZambiaUSA

Sri LankaSouth Africa

NigeriaNetherlands

Malaysia Kuwait

Jamaica India

GermanyGhana

600 customers

serviced in 120

countries(as of Dec ’05)


i-flex in 2002

• Made a strategic decision to enter Latin America• Entry strategy included identification if 1 country

as a ‘Gateway’ into Latin America• Multiple options analyzed carefully• Identification of the ‘Gateway’ country key to

future success.


Key Evaluation Criteria – What is needed from the ‘Gateway Country’

Skilled Workforce

Quality of Life

Dynamic Business

Environment

Economic Stability

Infrastructure


Snapshot of i-flex research

Chile is one of the region's most dynamic and promising markets. Its strength and attractiveness lie not in its size (population of 15 million people), but in the energy and professionalism of its entrepreneurs, the transparency of its regulation, and the predictability of its decision-makers.- Country Commercial Guide, US Department of State


What i-flex saw in Chile

Skilled Workforce

Quality of Life

Dynamic Business

Environment

Economic Stability

Infrastructure

Skilled professionals, high quality of

higher educationCHILE

Personal Safety, Cosmopolitan

city, English not uncommon

CHILE

CHILE

Sustained growth, low inflation, Professional

approach

Sound policies and indicators,

6% GDP growth, A+ rating

CHILE

Strong telecom infrastructure,

roads, railwaysCHILE


i-flex and Chile today

Chile – A Gateway

into Latin America

for i-flex

Chile – A Gateway

into Latin America

for i-flex

The Order of

Bernardo ‘O’

Higgins

The Order of

Bernardo ‘O’

Higgins


Key Challenges of doing business in Chile from India

• Logistics – Distance from India and time zone

• Size of the market– Despite strong fundamentals market remains limited with population of

15 million• Language

– Spanish still a must for doing business in Chile• Visas & Immigration issues

– Only 3 months visa granted to Indian nationals– Long drawn visa procedure

• Culture– Trust needs to be earned, and is a slow process– Business negotiations' are through but long drawn

• Complex Banking System– UF, 2.00 PM cut-off, Novations, Reversals


Can we overcome these Challenges?

Challenges How they can be overcome

Logistics of doing business from India

Need for local representation, either directly or via partnersLocal Partner/Distributor empowerment crucial for success

Limited Size of market Use Chile as a springboard into Latin America, and not just a market on its own

Language Need for local representation, either directly or via partners

Culture Earn the trust, work with local partners, rational/objective approach appreciated

Visas Need for easing visa regulations, Govt. needs to consider longer visas


Chile – Future Outlook

•Bright on Chile–Development Centre being evaluated–Hub for business in other countries

•5-6 % growth rate, PESO appreciation•Higher tech budget of banks and country•Skilled manpower•Preferential trade agreement•Leveraging partner, Entel, DMR consulting

-Market intelligence–VISA issues–Local contacts–Office establishment,recruitment–Language–Knowledge of local banking–Timings


A little about i-flex solutions


Enabling financial institutions

worldwide

to excel through the effective use

of

information technology

Mission


i-flex®: Snapshot

Global brandNone• Brand Equity

Comprehensive suite of products and services

Limited• Portfolio

> US $ 2.1 Bn (Mar ’06)US $ 1 Mn• Capital / M Cap

7,064 (Mar ’06)250• Staff

US $ 49.2 Mn (Mar ’06)US $ 0.25 Mn• Profits

US $ 333.52 Mn (Mar ’06)US $ 2.5 Mn• Revenue

120 (Mar ‘06)7• Customer Countries

625 (Mar ‘06)12• Customers

20061993


End-to-End Solutions for the BFSI Space

Tech

no

log

y D

eplo

yme

nt

& M

ana

gem

ent S

ervicesT

echn

olo

gy

Dep

loym

en

t &

Man

ag

emen

t Services

ASP SERVICESASP SERVICES

KPO SERVICES - EQUINOX™KPO SERVICES - EQUINOX™

CENTERS OF EXCELLENCECENTERS OF EXCELLENCE

CRMCRM

TestingTesting Business

Intelligence

Business Intelligence Payments

Payments

CorporateBanking

CorporateBanking Investment

Banking

InvestmentBanking Private

Banking

PrivateBanking Insurance

InsuranceRetailBanking

RetailBanking

- Domain

expertise:

- Domain

expertise:

PRODUCT SUITE

UNIVERSAL BANKING

SOLUTION -

UNIVERSAL BANKING

SOLUTION -

MicroBanker


Accolades

• Chilean government confers Presidential Order on Rajesh Hukku.

• IMC Ramkrishna Bajaj National Quality Award for 2004.

• Neo/IT and Managing Offshore ranked i-flex® as number one among the Top 10 Specialty Application Development Leaders.

• PHDCCI honors FLEXCUBE®; i-flex® selected as one of Red Herring’s Top 100 Innovative Companies, Dec 2004.

• i-flex® among the Best Small Companies in the Euromoney best Asian companies poll.

• i-flex® won the Golden Peacock Innovation Award 2004.

• FLEXCUBE® won the Banker technology award for Application of the Year and Core Banking Solution of the Year 2004.

• i-flex® / FLEXCUBE® won the prestigious Global Entrepolis Award 2004 in Singapore.

Golden Peacock Award

Chilean Government’s Presidential Order

T h a n k Y o u !

Sharing i-flex experience. 2 © 2006 i-flex solutions ltd. All rights reserved. Due care has been...

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