i-flex Solutions gets Bank SNORAS support on the bourses

i-flex Solutions is currently trading at Rs 1,349, up by 25.70 points or 1.94% from its previous closing of 1,323.30 on the BSE. The scrip opened at Rs 1,334.80 touched a high of Rs 1,365 with a low of Rs 1,327.15.So far 26,780 shares were traded on the BSE.

The BSE group ‘A’ IT sector stock touched a 52 week high of Rs 2,096.90 on August 30, 2007 and a 52 week low of Rs 892 on March 24, 2008.

The BSE IT sector is currently trading at 3,929.33 up by 3.02% from its previous closing.

Banking services software major i-flex Solutions has implemented its core banking solution FLEXCUBE for Bank SNORAS, a leading bank in Lithuania. Bank SNORAS directly manages Latvijas Krajbanka, one of the largest banks in Latvia.

FLEXCUBE will enable Bank SNORAS to centralize and standardize business processes within the group. This will help speed up the development and introduction of new services to clients, identify and solve problems related to business processes and reduce their costs.

i-flex is a leader in IT solutions for the financial services industry with more than 825 customers in over 130 countries.