Date:09/09/2006 URL: http://www.thehindubusinessline.com/2006/09/09/stories/2006090904321400.htm

Back OMIA goes live on FLEXCUBE investor services

Our Bureau

Mumbai , Sept. 8

i-flex Solutions announced that South Africa's Old Mutual Investment Administrators (OMIA), a fully-owned subsidiary of Old Mutual Group, has gone live on FLEXCUBE Investor Services for fund administration and transfer agency operations.

Old Mutual Investment Administrators is a third-party investment service administrator and provides investors a range of investment products from different fund houses and investment companies, including unit trusts and life endowment products.

Investment houses in South Africa have faced complexity and high costs because they use different software products to administer each of their lines of business — Unit Trusts, Life Endowment Products (LEP), Linked Investment Service Provider (LISP) and their Offshore Fund business.

The design of FLEXCUBE Investor Services resolves these issues.