Azentio Software and Nityo Infotech partner to optimize IT ROI for BFSI organizations
Azentio
Software ("Azentio"), a Singapore-headquartered technology
firm owned by funds advised by Apax Partners,
and Nityo
Infotech, a global IT services company, announced a formal
partnership aimed at providing innovative and comprehensive technology
solutions to the Banking, Financial Services & Insurance (BFSI) industry.
The partnership brings together the proven expertise and deep industry
knowledge of Azentio and of Nityo Infotech in IT services and consulting, to
increase operational efficiency and accelerate transformation as BFSI service
providers dig deeper into digitalization. As per the agreement, Nityo Infotech
becomes Azentio's reseller as well as implementation partner, focusing more on
the BFSI domain.
This partnership will give Nityo Infotech's clients access to
Azentio's innovative and comprehensive software product suite for different
financial services areas, such as lending, trade finance, Islamic banking,
treasury, factoring & supply chain finance, risk management, wealth &
investment management, and insurance. Azentio offers these solutions under
three comprehensive technology platforms, namely, Azentio ONEBanking, Azentio ONECapitalMarkets and Azentio ONEInsurance.
Meanwhile, Azentio's clients will get access to Nityo Infotech's
complete range of IT consulting services, including staffing, quality
assurance, project management and implementation.
Krish Narayanaswami,
Managing Director - Banking, Financial Services, and Insurance at Azentio, commented, "BFSI
organizations today are increasingly exploring and adopting digitalization,
while also looking forward to maximizing returns from their investments in IT
as competition mounts. With our combined strengths and respective domain and IT
consultancy proficiencies, we will ensure that they get the maximum value from
their IT investment as well as superior business results."
Naveen Kumar, Founder and CEO of
Nityo Infotech, stated, "We are excited to partner with Azentio to
deliver digital transformation solutions and services to help our clients gain
a competitive edge. Our collaboration will enable us to provide end-to-end
services to meet the ever-changing client needs."
Brijendra Singh,
Global Head - Partnerships & Strategic Alliances, BFSI, at Azentio, said,
"Backed by Nityo Infotech's strengths in IT consulting services and
implementation, Azentio now becomes a compelling strategic partner for BFSI
companies who want to leverage the latest in financial software to innovate at
speed, reduce time-to-market, optimize conversions, and increase revenue."
Elie Estephan, Senior Vice
President - Banking Practice and Financial Banking Products at Nityo
Infotech, added, "Azentio has a proven track record of helping
BFSI companies leverage technology innovatively to drive growth and meet their
strategic goals. Nityo Infotech, meanwhile, has over 23,000 skilled IT service
professionals spread across 62 locations. These professionals have the
necessary experience and skills to perfectly complement Azentio's agile
implementation methodology and time-to-value."
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