Thailand - December 17, 2009 - The Export-Import Bank of Thailand (EXIM Thailand), a financial institution wholly owned by the Ministry of Finance, Royal Thai Government, has selected 3i Infotech’s KASTLE Treasury and KASTLE Risk Management solutions for streamlining their banking operations.
Mr. Jay Shankar, Country Director of 3i Infotech Thailand Ltd. (left) seen here with
Mr. Kriengsak Sa-nguansak, Administration Director of EXIM Bank.
This was 3i Infotech’s second recent order from EXIM Bank, the earlier one being from EXIM Bank in Malaysia in January 2009. This deal was keenly contested by well-known international vendors. The comprehensive selection process involved stringent RFP evaluation followed by a ‘Proof of Concept’ to establish the suitability of the solution.
KASTLE’s broad functionalities and bi-lingual capability, backed with 3i Infotech’s local presence put us on a strong footing. Reference check and a site visit to EXIM, Malaysia, was conducted successfully, thus tilting the decision in our favour.
This deal has strengthened our position in Thailand’s Banking and Insurance sectors.
EXIM Thailand is a nodal agency for foreign trade finance and credit for the Thai economy. It is a financial institution wholly owned by the Ministry of Finance, Royal Thai Government. Established in 1993, EXIM Bank has been awarded as one of the most preferred banks among state-owned financial institutions due to its overall efficiency and good corporate governance.