BAIDURI BANK’S NEW MULTI-MILLION LONG-TERM INVESTMENT
2 June 2003
Baiduri Bank just announced that it has selected FLEXCUBE, from I-flex solutions, as its new core-banking system.
I-flex solutions (Reuters: IFLX.BO/IFLX.NS) is the leading provider of technology solutions to the financial services industry worldwide.
FLEXCUBE will provide the technology platform for Baiduri Bank, thus enabling it to ramp up retail banking operations while consolidating its corporate banking functions.
“Our vision is to continue to be a bank that provides innovative products and services to all our customers. With the implementation of FLEXCUBE, our customers will benefit from innovative tailor-made products, as well as upgraded services on both retail and corporate activities”, said Pierre Imhof, General Manager of Baiduri Bank.
“We consider this a strategic investment to improve positioning of the bank, in terms of technology, to compete more effectively in the banking industry. The Bank is seen in the market as a provider of innovative products and services to its discerning customers. This investment will optimise the value to Baiduri customers in particular and to the Brunei banking industry in general.
” Various financial products and services have been pioneered such as in-store banking, VISA Electron debit card, corporate ATM card, mobile and internet banking services amongst others. Baiduri Bank was selected as the ‘Bank of the Year’ for Brunei by the prestigious Banker’s magazine, U.K., for the year 2002 .
