Offers entire suite of banking and insurance solutions to growing financial sectors
Dhaka - August 31, 2008 - Indian IT giant, 3i Infotech, a global provider of IT solutions and services company, today opened its office in Dhaka to cater to the growing needs of the financial and insurance sectors of Bangladesh.
Having expertise in financial and insurance software development, 3i Infotech is the first Indian Information Technology (IT) firm to open its office in Bangladesh, aimed at promoting its award winning BFSI (Banking, Financial Services & Insurance) products and related services in the growing Bangladesh market.
“We are happy to open 3i Infotech`s office in Dhaka as we see a vibrant market and enthusiasm in Bangladesh to adapt global best management practices,” said Mr. Anirudh Prabhakaran, Executive Director & President - South Asia, 3i Infotech.
3i Infotech has already successfully implemented its Core Banking, Treasury, Trade Finance as well as interface with ATM solutions in one of the large government banks in Bangladesh, the only government bank to have implemented Core Banking solution.
The company has also successfully implemented their award winning Universal Lending solution for retail, SME and Corporate lending, Treasury and Asset Liability solutions in one of the fast growing and pragmatic private sector banks in Bangladesh.
“Our software products for the BFSI industry have years of global experience and domain expertise built in, especially those learnt from various developing countries. We believe that as Bangladesh develops in all areas, the adaptation of technology in business strategies would become faster, leading to all round benefit to customers,” Mr. Prabhakaran said.
3i Infotech, a $300-million dollar IT company, provides technology solutions to over 600 customers in more than 50 countries across five continents, spanning a range of sectors, including banking, insurance, manufacturing, contracting, retail & distribution and government.
The company also offers a broad range of software services such as Custom Software Development, IT Consulting, IS and IT Security Consulting, Enterprise Application Integration (EAI), Managed IT Services, and specialized services such as Product Re-engineering, Compliance Consultancy, Application Rehabilitation and e-Governance.
About 3i Infotech
3i Infotech is one of the top four Indian software products companies.* The company provides software products and IT services (managed IT services, application software development & maintenance, payment services, Business Intelligence, IT consulting, Operations Outsourcing, document imaging & digitization and data warehousing) for the insurance, banking, capital markets, mutual funds, manufacturing, retail & distribution, and government. The company services customers in over 50 countries across five continents. 3i Infotech is SEI CMMI Level 5 compliant for its Software services and ISO 9001:2000 certified for its IT infrastructure and Operations Outsourcing services.
* Dataquest July 2007 issue
For more information, please contact:
M.B. Battliwala
Senior General Manager
3i Infotech Limited
Akruti Centre Point, 6th Floor
M.I.D.C Central Road
Next to Marol Telephone Exchange
Andheri (East), Mumbai - 400 093
India
Tel: 91-22-39145560
Fax: 91-22-39145520
E-mail: corporate@3i-infotech.com
Disclaimer:
Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", "expect", "believe", and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of our principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.