ITNewsOnline  
Adrian Viegas
June 26, 2006
 
Infrasoft Uniquely Positioned as a Banking Solutions Provider

Hanuman Tripathi, Managing Director, Infrasoft Technologies, said the company is uniquely positioned as banking solutions provider.

Tripathi said that the company has a well-defined business focus in terms of providing core systems for commercial banks, Islamic banks, Wealth Managers and Securities Trading Firms.

"We are probably the only company worldwide that provides under a single roof and technology architecture, a Core Banking, an Islamic Banking Solution, an ATM Switch, an eChannel Integrator, a Wealth Management solution and an Anti-Money Laundering Solution for banks. We may be in the single digit companies worldwide that are financial industry solution focused, CMM5 certified, IS9001 and ISO 27001 certified," said Tripathi.

Infrasoft's OMNIEnterprise is a financial solutions framework built on SOA-STP- n-Tier architecture that provides ready capability for delivering different business. The solution provides full-fledged front-office, mid-office and back-office functionality, and provides integrated general ledger, P&L and balance sheet at the bank level. The core engine is multi currency.

"We see a major growth in Tier-II and Tier-III banks and financial institutions requiring a new generation of core systems outside India, besides a large number of smaller banks looking to acquire core banking solution in coming times. We already have five sites outside India and 25 Core banking sites in retail banks in India," said Tripathi.

"We think we will be a leading Anti-Money Laundering Solution provider in the markets we are working in. Our AML solution will see success in majority of markets as the product is designed to suit global regulations with proven 15 sites in short span of time, added Tripathi.

In future, Tripathi said the company would invest in solutions that build better handling of profit making customers in terms of personalized services with basket offerings on one side and Controls, Compliance and Risk Management on the other.

"We want to focus on building solutions that can commonly service the entire financial services space," said Tripathi.