First Magnus Selects i-flex for Retail Core Banking

First Magnus Federal Bank (FMFB) has become the first US retail bank to opt for i-flex’s Flexcube for its banking platform. FMFB will be the federal savings bank affiliate of First Magnus Financial Corporation, a US mortgage company. Arnold Aros, CEO of First Magnus Federal Bank, said: “This implementation will not only help us enhance our customer service levels but enable cross-selling opportunities.” The solution provides FMFB with integration of Oracle’s PeopleSoft CRM, which will deliver sales, marketing and customer service capabilities with Flexcube providing support for core banking and integration with all delivery channels, bill payment, item processing and business intelligence.