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FSI INTRODUCES FLEXCUBE® CORE BANKING SYSTEM

i-flex solutions product offers next-generation technology to provide new efficiencies and capabilities for community banks

GLEN ROCK, N.J., November 15, 2006 – Financial Services, Inc. (FSI), a leading provider of quality data processing, item processing and Internet services to financial institutions, now offers FLEXCUBE, a next-generation core banking system specifically designed to offer community banks a new competitive edge in the marketplace, from i-flex solutions, a leading provider of IT solutions to the global financial services industry.

In making the announcement of FLEXCUBE’s availability, FSI Senior Vice President Patrick ‘P.J.’ Schunke explained that this joint offering provides greater flexibility, improved efficiency, enhanced agility, better profitability and enhanced customer service for its users.

“With FSI’s five decades of service bureau experience and i-flex’s advanced core banking technology, we can now provide unprecedented competitive advantages to our clients,” he said. “FLEXCUBE’s next-generation technology will bring community banks the ability to compete with large banks and financial institutions on an equal basis.

“In the face of the multiple challenges of increasing competition, rapidly changing market requirements, and increasing regulatory complexity, this exciting new product will provide a whole new world of flexibility, agility and completeness of customer view for the community banking segment.”

i-flex solutions (Reuters: IFLX.BO & IFLX.NS) is a world leader in providing IT solutions to the financial services industry, with more than 680 customers in over 120 countries. i-flex’s range of products, custom solutions and consulting services enable financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk. iflex’s flagship product, FLEXCUBE®, is an award-winning core banking system built on modern technology.

FSI is one of the largest independently-owned service providers to the banking services industry and has been creating customized, turnkey banking solutions since 1954. For more information, call 201-652-6000, 1-888-374-6200 toll-free, or visit the FSI web site at www.insideFSI.net.


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