hsbc-signs-up-iflex-for-ta-solution

HSBC signs up i-flex for TA solution

Mumbai-based technology provider tapped to enhance HSBC IFS' tranfer agency capabilities.

By Andrew Peck

June 25, 2006

HSBC Institutional Fund Services IFS has signed a deal with IndiaÆs i-flex solutions to enhance its transfer agency TA and investor servicing business across several markets in Asia and the Middle East.

The worldÆs local bank will use iûflex solutionsÆ FLEXCUBE Investor Services to handle its unit trust processing and enhance its TA transactions. Before signing the agreement with the Mumbai-based provider of technology solutions to the financial services industry, HSBC was relying on internal systems to process TA requests.

According to i-flex, the benefits to HSBC IFS will be multi-pronged. In replacing multiple legacy systems with FLEXCUBE, HSBC IFS will not only achieve a platform standardisation, but will also result in operational and...

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