The software company I-flex Solutions was originally a division of which famous financial services company?
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Citicorp
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ICICI
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HSBC
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ABN Amro Bank
I-flex Solutions was founded in 1990 as a division of Citicorp (now Citigroup) to develop banking software. Its flagship product Flexcube became a global core banking solution. Oracle acquired I-flex in 2005, rebranding it as Oracle Financial Services.
To answer this question, you need to be familiar with the history of I-flex Solutions and its connection to a financial services company. Let's go through each option to understand why it is correct or incorrect:
Option A) Citicorp - This option is correct. I-flex Solutions was originally a division of Citicorp. Citicorp is a well-known financial services company.
Option B) ICICI - This option is incorrect. ICICI is a prominent Indian multinational banking and financial services company, but it is not the original division of I-flex Solutions.
Option C) HSBC - This option is incorrect. HSBC is a renowned multinational banking and financial services company, but it is not the original division of I-flex Solutions.
Option D) ABN Amro Bank - This option is incorrect. ABN Amro Bank is a well-known Dutch bank, but it is not the original division of I-flex Solutions.
The correct answer is A) Citicorp. This option is correct because I-flex Solutions was originally a division of Citicorp.