10/15/2007 Consortium Fosters A Common Approach and Voice to Regulators Worldwide NEW YORK, October 15, 2007: Mantas, a business of i-flex® solutions (Reuters:IFLX.BO & IFLX.NS) and a provider of regulatory compliance, loss prevention and revenue generation solutions, today announced the launch of its Industry Best Practice Consortium, held October 11 and 12 in New York. The ongoing consortium, sponsored by ABN AMRO, is designed to foster a common approach to compliance, identify industry best practices, refine risk management processes while developing a strong and direct bond between all Mantas clients globally. More than 20 companies participated in the event, from all sectors of the financial services industry, such as retail, wholesale, brokerage and correspondent banking. According to Stephen Epstein, VP & Head of Product Management for Mantas, “The consortium is designed to engage the industry in a common dialog around regulations and compliance, share best practices and lessons learned. Our discussions these past few days have been fruitful, and we anticipate the consortium being a key information resource and learning center for clients moving forward.” Topics during the two-day session included threshold setting, which featured presentations from every attendee, threshold methodology, scoring methodology, process and model/scenario validation. The group plans to meet quarterly to cover issues that financial institutions of all sizes face in the area of regulations and compliance. The consortium will also meet and have a separate breakout session at the annual Mantas Global User Conference. For more information on the consortium visit www.mantas.com About Mantas Mantas, a wholly owned subsidiary of i-flex solutions, provides its clients with the industry's most advanced solutions for regulatory compliance, loss prevention and revenue generation. Mantas is a global software company with operations in Europe, the Americas and Asia Pacific. Recognized as a leader in global operational transparency, the company's products are used by more than 5,000 finance professionals in more than 100 countries. Headquartered in Herndon, VA, the company has offices in London, New York, and Singapore. For further information, please visit www.mantas.com About i-flex solutions i-flex® solutions (Reuters: IFLX.BO and IFLX.NS) is a world leader in providing IT solutions to the financial services industry, with more than 765 customers in over 130 countries. Its 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. Oracle holds a majority stake in i-flex solutions. This strategic relationship provides financial institutions around the world with an unmatched, comprehensive and integrated suite of solutions. i-flex and FLEXCUBE are registered trademarks of i-flex solutions. Reveleus, Daybreak, Mantas and PrimeSourcing are trademarks of i-flex solutions and are registered in several countries. All other company and product names are trademarks of the respective companies with which they are associated. For information, please visit: www.iflexsolutions.com For more information on the press release, please contact: Gaurav Handa Mantas and Reveleus – i-flex businesses Phone: +1 646-619-5344 E-mail: Gaurav.Handa@reveleus.com Monica C. Seidel Birnbach Communications Phone: +1 203-546-2098 Email: Seidel@birnbachcom.com
