NEW YORK, Jan. 16--PRNewswire-AsiaNet/InfoQuest Reveleus(TM), a business of i-flex(R) solutions (Reuters: IFLX.BO & IFLX.NS) and a global provider of analytical applications for the financial services industry, today announced that Citigroup has selected Reveleus to support its Basel II processing for the United States and local jurisdictions where it operates. The Basel Committee on Banking Supervision is an arm of the Switzerland-based Bank for International Settlements, which has defined the Basel II capital adequacy requirements for global banks. One of the Committee's principal goals is to reduce risk in the financial system worldwide by aligning each bank's capital requirements to more accurately reflect its own credit, market and operational risks. The Reveleus Basel II solution was selected by Citigroup after an extensive evaluation process over the course of several months. The solution will be implemented across all lines of business at Citigroup. "We required a comprehensive solution with the flexibility to address the evolving requirements in many jurisdictions," says Mr. William L. Belew - Managing Director, Corporate Technology, Citigroup. "And most importantly, Reveleus demonstrated the capability to manage the 'home-host' needs of a global company such as Citigroup." Commenting on the win S. Ramakrishnan - CEO of Reveleus said, "We are excited to be working with Citigroup in this strategic and global regulatory initiative. Citigroup's selection of Reveleus demonstrates the product's comprehensive functionality for large Tier 1 Banks and the ability to manage the challenges of multiple jurisdictions and business lines." About Reveleus Reveleus is a global provider of analytical applications for the financial services industry in the areas of risk management, customer insight, and enterprise financial performance. Reveleus' pioneering Risk Analytics product suite enables financial institutions to solve some of their most complex challenges including multi-jurisdictional Basel II compliance and operational risk management. Since its launch in 2002, Reveleus has been chosen by more than 30 financial institutions worldwide. Reveleus is a business of i-flex solutions, which has delivered award-winning IT services to over 595 financial institutions in over 115 countries. For more information about Reveleus' products and services email us at [email protected] SOURCE: i-flex Solutions CONTACT: INDIA: Eapen Thomas, +91-22-2823-5190, ext. 5132, or Fax: +91-22-2836-3140, [email protected], or Louis Jude, +91-80-22087330, or Fax: +91-80-25345090/56665271, [email protected], both of i-flex solutions; or INDIA: Ashwini Lele of Adfactors PR Pvt. Ltd., +91-22-2281-3565, or Mobile: +91-98334-63713, [email protected]; or ASPAC: Parvez Ahmad of i-flex solutions, +65-6238-1900, ext. 212, or Fax: +65-6238-1282, [email protected]; or EUROPE: Mallika Basu, [email protected], or Tom Nutt, [email protected], both of The Communication Group plc, +44-20-7630-1411; or LATIN AMERICA: Hugo Gordillo, +1-646-619-5402, [email protected], or NORTH AMERICA: Sunil Robert, +1-646-619-5482, or Mobile: +1-646-642-3690, [email protected], both of i-flex solutions Web site: http://www.iflexsolutions.com --Distributed by AsiaNet (www.asianetnews.net)--