Tanzanian bank chooses i-flex product

MUMBAI: IT solutions provider i-flex Solutions on Monday said Bank M of Tanzania has selected one of the firm's main products for its core banking solution.

The bank had selected FLEXCUBE - a banking product suite for retail, consumer, corporate, investment and internet banking, asset management and investor servicing.

"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," i-flex sales head (Africa) Anil Rai said in a statement to the Bombay Stock Exchange.