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CIO Review >> Magazine >> August - 2013 issue

InfrasoftTech: Making Technology Feasible for BFSI


Company:Infrasoft Technologies Limited
Founder:Hanuman Tripathi,Group Managing Director
Description:A provider of financial solutions, services and products for core banking, microfinance, anti-money laundering, private banking and wealth management vertical.

InfrasoftTech is a provider of software products, solutions & services for the banking & financial services industry. The company delivers high quality applications developed on deep BFSI industry expertise that help their client to overcome business challenges and enable growth. This Mumbai based company was founded in 1995 and has a unique enterprise architecture using which they can automate all processes of a bank or financial services organization on a unified common technology backbone. This ensures single customer entity across all products & services of a bank, easy maintainability of IT assets, standardized look & feel and navigation across the organization.
"The biggest challenge in banking solutions implementation is in data migration, customer history migration and providing training to the bank’s team. Our bouquet of offerings helps customers solve these problems with ease. Our offerings are comprehensive for a bank to meaningfully benefit from their IT investments," says Hanuman Tripathi, Founder & Group Managing Director, InfrasoftTech.

Not every problem finds answer in a packaged solution. The IT demands to meet changing business & technology environment are often unfulfilled by standardized packages or customization. For meeting such needs, organizations require tailor made solutions to best fit their competitive positioning. This challenge is met by domain enriched services which InfrasoftTech specializes in delivering. Such projects involve taking complete responsibility of having to build new application, make it live and support & enhance the same over a period of time.

The BFSI sector is facing new disruptive trends in technology namely Mobility, Cloud and Analytics. These new technologies will help reach out diverse financial products to the masses through electronic payments, mobile wallets, cheque truncation ATM Services, disbursement of subsidies and others.
OMNIEnterpriseTM, InfrasoftTech’s comprehensive banking solution is now fully Cloud & Mobile enabled. The company is investing in making their payment solutions and core banking available through cloud for the benefit of large number of small banks in the country who need to be on the national network quickly. InfrasoftTech delivers mobile payment applications to cover the entire gambit of solutions meant for retail usage as well as financial inclusion. InfrasoftTech is a market leader in Anti Money Laundering Solution that goes beyond compliance to cover customer risk and financial crime surveillance.
On HR culture & values, InfrasoftTech is an equal opportunity company that strongly promotes ‘people partnership’ for common good of their customers, people and shareholders alike. The company is bonded by mutual trust and empowerment provided to its teams.
Tripathi says that the management of InfrasoftTech is committed to constantly grow the organization as one of the most valuable company based out of India creating IPR based solutions for the global financial world.