LSB chooses I-flex's Flexcube
Lesotho Postbank has selected `Flexcube', I-flex's flagship core banking product suite, to automate its retail banking.
Global financial technology service provider I-flex Solutions today said South African Bank Lesotho Postbank has selected `Flexcube', its flagship core banking product suite, to automate its retail banking.
The Lesotho Postbank (LSB), is the second post office bank in Southern Africa to choose Flexcube,in addition to the South African Post Office Bank (SAPOB), a company release said.
The LPB is a start-up bank set up by the government to meet the banking needs of a previously un-banked section of the population.
With Flexcube retail banking solution, LPB plans to introduce numerous innovative products to aid its growth plans which include reaching out to the rural poor.
Time Quantum,i-Flex's local implementation partner will implement the solution at LPB, the release said.