3i Infotech - Software Solutions for Banking, Insurance, Capital Market, Mutual Funds/Asset Management, Government

3i Infotech forays into Media and Broadcasting Industry in India

Tue, 16 Jun 2009 18:29:25 +0530

Mumbai - June 15, 2009 -3i Infotech, a global Information Technology company, today announced its entry into the Media and Broadcasting Industry as a System Integrator. 3i Infotech will offer a unique value proposition to media and broadcasting companies, with best-of-the-breed products from leading global Media and Broadcast solution vendors, complemented with its expertise in System Integration and Project Management Services, thereby providing the entire range of offerings to the industry. More...

3i Infotech North America Highlights Insurance Expertise at IASA

Tue, 16 Jun 2009 18:27:55 +0530

Orlando, Fla. - June 8, 2009 - 3i Infotech, a global Information Technology (IT) company, today announced a broad suite of BPO services designed specifically for the insurance industry and tailored to complement its proven PREMIA software platform, which is used by dozens of leading insurance companies throughout North America. More...

3i Infotech to set up BPO subsidiary

Fri, 5 Jun 2009 13:35:05 +0530

Mumbai - June 5, 2009 - 3i Infotech Limited, a global provider of IT solutions and one of India’s largest software products companies, today announced that all its Business Process Outsourcing (BPO) businesses would be managed through 3i Infotech’s wholly owned BPO subsidiary. More...

Financial Pulse: BFSI Journal from 3i Infotech

Wed, 3 Jun 2009 14:56:28 +0530

This edition of Financial Pulse features informative articles on ‘The Changing Face of Retail Banking In 2009’, and ‘Lessons Learnt From the Current Financial Turmoil’. It covers a comprehensive perspective of how to ‘Secure Online Transactions with Digital Signatures’. Don’t forget to check out the Interview featuring Mr. Ramnath Pradeep, Executive Director - Central Bank of India sharing the plans and growth opportunities of the bank. It also gives you a practical overview of ‘Microinsurance, and the trends and role of technology in micro insurance’. More

Framework Bolsters Sales Team With New Hire

Wed, 20 May 2009 16:05:22 +0530

London - May 18, 2009 - 3i Infotech - Framework (Framework), a premier provider of software and solutions to the private equity and investor community, announces the appointment of Andrew Stewart as Regional Sales Manager for Europe, effective immediately. More

3i Infotech to exhibit Insurance Solutions at IASA 2009

Tue, 12 May 2009 10:05:41 +0530

3i Infotech showcases its comprehensive Insurance Management Solutions comprising the Integrated Insurance Management System, PREMIA, and its proven IT and BPO services, at IASA’s 81st Annual Educational Conference and Business Show to be held at the Gaylord Palms Resort and Convention Center, Orlando, Florida, from June 7 to 10, 2009. More...

Client Reporting Vital to Retaining Business in the Recession

Mon, 11 May 2009 15:11:08 +0530

London - May 11, 2009 - 3i Infotech - Western Europe, a global provider of IT solutions, today publishes the findings of its latest client reporting white paper. Entitled, 'Client Reporting Teams - The Unsung Heroes of the Investment Management World', the report demonstrates the importance of the work client reporting teams in meeting the exacting demands of clients, and showcasing the work of the business. More...

3i Infotech to exhibit Insurance Solutions at PIAA 2009

Fri, 8 May 2009 14:33:35 +0530

3i Infotech showcases its comprehensive Insurance Management Solutions comprising the Integrated Insurance Management System, PREMIA, and its proven IT and BPO Services, at PIAA's 32nd Annual Meeting to be held at Hilton Waikoloa Village, Waikoloa (Kona Coast), Hawaii, from May 13 to 16, 2009. More...

3i Infotech Enters Agreement to Acquire J.P. Morgan Treasury Services’ National Retail Lockbox Business

Tue, 28 Apr 2009 18:10:40 +0530

Mumbai, India / Naperville, IL April 27, 2009 - 3i Infotech, a global provider of IT solutions, today announced that it has entered into an agreement to acquire J.P. Morgan Treasury Services’ national retail lockbox business (NRLB). 3i Infotech’s subsidiary, Regulus Group, is currently the largest outsourced remittance processing provider in the US, and this acquisition will further strengthen that position. More...

3i Infotech’s Revenue grows to Rs. 2,304.70 crores and PAT to Rs. 292.38 crores for fiscal 2009

Mon, 27 Apr 2009 18:18:59 +0530

Mumbai, April 24, 2009 - 3i Infotech Limited, a global provider of IT solutions and one of India’s largest software product companies, today announced its operating results for the fourth quarter and financial year ended March 31, 2009. More...

Emax selects 3i Infotech's ORION Enterprise Solution

Mon, 27 Apr 2009 18:17:45 +0530

UAE - April 25, 2009 - Emax, the fastest growing electronics retail chain in the Middle East, today announced the selection of ORION Enterprise solution from global technology solutions and services provider, 3i Infotech. More

Rhyme Systems retains customer service crown for three years on the trot

Mon, 27 Apr 2009 14:16:41 +0530

London - 27 April, 2009 - Rhyme Systems, a division of 3i Infotech - Western Europe and a leading provider of asset management solutions, today announces it has won two Systems in the City Awards, for Superior Customer Service and the Highest Rated CEO. Recognising the exceptional achievements of individuals and technology businesses working within the financial services sector, the user nominated award wins underline the importance of ensuring total transparency and accountability within the markets.More

Consumer engagement holds key to future success in private medical health insurance, says 3i Infotech

Mon, 20 Apr 2009 18:09:23 +0530

London - April 20, 2009 - Consumer engagement remains critical to ongoing commercial success within the private medical healthcare insurance markets and innovative insurers and brokers that embrace Web 2.0 will quickly outpace traditional market incumbents, in the battle to attract ‘Generation Y’. This was the conclusion reached by PREMIA Collaborator delegates at a recent conference hosted by 3i Infotech, a global provider of IT solutions. More...

Visit 3i Infotech at BroadcastAsia 2009, Singapore

Wed, 15 Apr 2009 10:09:29 +0530

Experience 3i Infotech’s comprehensive range of Broadcast Solutions and Consultancy Services at the BroadcastAsia 2009 exhibition and conference, to be held at Singapore Expo, 1 Expo Drive, Singapore, from June 16 to 19, 2009. More...

3i Infotech to showcase Factor/SQL at the Annual Factoring Conference, Florida

Wed, 8 Apr 2009 17:40:36 +0530

3i Infotech to showcase Factor/SQL, at the 15th Annual Factoring Conference (Booth # 601), to be held from April 22- 25, 2009, at the JW Marriott Grande Lakes in Orlando, Florida, USA. More...

3i Infotech taps into Greek market and partners with IntelliSolutions

Mon, 6 Apr 2009 13:39:11 +0530

Athens - April 6, 2009 - 3i Infotech, a global provider of IT solutions, has enhanced its presence within the European market by announcing a strategic partnership with IntelliSolutions, a Greek software and business services consultancy. The partnership underlines 3i Infotech’s commitment to the Greek financial sector and provides regional banks and leading financial institutions with the ability to develop their core banking and universal lending propositions. More...

3i Infotech Consumer Services and Karvy Data Management Services partner to promote eMudhra Digital Signature Certificates

Thu, 2 Apr 2009 18:14:24 +0530

Mumbai - April 02, 2009 - 3i Infotech Consumer Services Ltd., today announced its strategic alliance with the Karvy Group, a leading financial services provider, to extend the reach of eMudhra Digital Signature Certificates to the Indian consumers. More...

3i Infotech expands in the Middle East, launches office in Riyadh

Tue, 24 Mar 2009 17:03:49 +0530

Jeddah - March 24, 2009 - Global technology solutions and services provider, 3i Infotech, said that it has successfully launched its office in Riyadh, the capital of the Kingdom of Saudi Arabia (KSA).

3i Infotech offers a unique Combo offer to drive Secured and Paperless transactions

Mon, 23 Mar 2009 15:58:51 +0530

Mumbai - March 23, 2009 - 3i Infotech, a global Information Technology company, launched an Introductory Combo Offer of one-year subscription to Taxsmile, their online Income Tax filing service along with 2 years subscription to eMudhra Digital Signature. More...

3i Infotech goes for expansion in the Middle East, launches Bahrain office

Thu, 19 Mar 2009 14:56:42 +0530

Manama - March 18, 2009 - Global technology solutions and services provider, 3i Infotech, today announced its expansion in the Middle East by launching its Bahrain office. 3i Infotech made this announcement at a press conference in Manama, Bahrain, with the blessings of His Excellency Dr. George Joseph, Ambassador of India to the Kingdom of Bahrain, who graced the occasion.

State Bank of India implements 3i Infotech's Anti Money Laundering Solution

Tue, 17 Mar 2009 16:29:23 +0530

Mumbai - March 17, 2009 - In order to comply with the regulatory requirements as laid down by the Reserve Bank of India and Financial Intelligence Unit of India, State Bank of India (SBI) has implemented AMLOCK, the Anti Money Laundering Solution from 3i Infotech, across its group.

Collins Stewart Wealth Management Licenses Reporting to Clients from 3i Infotech

Tue, 10 Mar 2009 14:41:12 +0530

London - March 10, 2009 - 3i Infotech, a global provider of IT solutions, today announces that Collins Stewart Wealth Management, a leading portfolio manager and stockbroker, has licensed its ’Reporting to Clients‘ solution. The implementation of Reporting to Clients will provide Collins Stewart Wealth Management with a greater level of control over its reporting process and will transform what was previously a heavily manual process into a sophisticated and efficient automated operation.

3i Infotech releases Reporting to Clients 2.0

Mon, 2 Mar 2009 14:30:50 +0530

London - March 2, 2009 - 3i Infotech - Western Europe, a global provider of IT solutions, today announces the release of Reporting to Clients 2.0 - an enhanced version of its client reporting solution that covers the whole gamut of requirements from institutional and private client to retail and internal reporting.

Friends Provident goes live with rhymeSIGHT BondPRO

Thu, 26 Feb 2009 14:04:25 +0530

London - February 25, 2009 - Rhyme Systems, a division of 3i Infotech - Western Europe and a leading provider of asset management solutions, today announces the successful implementation of Friends Provident International on rhymeSIGHT BondPRO, the bond administration and portfolio solution.

3i Infotech's PREMIA Lite goes live at Titan Property and Casualty

Fri, 9 Jan 2009 09:46:37 +0530

EDISON, N.J. - January 08, 2009 - 3i Infotech, a global Information Technology (IT) company, today announced that PREMIA Lite, its Comprehensive Insurance Management System, has gone live at Titan Property and Casualty Insurance Company within six months of the project sign off. More...

3i Infotech announces Strategic Alliances to empower rural India

Wed, 7 Jan 2009 18:15:08 +0530

Mumbai - January 07, 2009 - 3i Infotech, a global information technology company, today announced strategic partnerships with ICICI Lombard, Airtel and Max New York Life to offer a comprehensive range of services to rural consumers under the I-SERV brand. This announcement follows 3i Infotech’s commitment to constructively harness the rural consumption through its recently launched I-SERV initiative. Through I-SERV, consumers especially in remote rural areas, will get an access to a range of value-added services that will improve their quality of life. More...

3i Infotech empowers Rural India through I-SERV

Wed, 10 Dec 2008 15:07:44 +0530

Delhi, December 10, 2008 - 3i Infotech, a global information technology company, today announced the launch of I-SERV, a brand for its retail services. Under the I-SERV brand a comprehensive range of value added services will be provided to consumers, specifically to those in the remote rural areas, thereby empowering them to carry out various day to day activities and thereby improving quality of life. 3i Infotech will deploy technical infrastructure and manpower support to deliver these services related to Banking, Insurance, Mobile, Education, Ticketing, and Utilities. More...

eMudhra Digital Signature Certificates from 3i Infotech Consumer Services Ltd (subsidiary of 3i Infotech)

Wed, 26 Nov 2008 11:24:30 +0530

3i Infotech Consumer Services Ltd, a wholly owned subsidiary of 3i Infotech, has launched the eMudhra service, which offers a variety of digital certificate solutions to individuals and organizations.

eMudhra offers digital certificates that will allow individuals and organizations to digitally sign e-mails and documents, encrypt e-mails and messages, and electronically authenticate their identity to Web servers. More...

Locuz, a 3i Infotech group company, achieves Silver Partnership from Cisco

Thu, 20 Nov 2008 17:06:45 +0530

Mumbai and Hyderabad - November 20, 2008 - Locuz Enterprise Solutions announced today it has achieved Silver Certification from Cisco®. To earn Silver Certification, Locuz had to meet rigorous standards for networking competency, service, support and customer satisfaction set forth by Cisco.

"Cisco is strategic to our business and over the last few years we have been growing our business significantly, especially in the area of Data Center and Unified Communications. The Cisco Silver Certification is a demonstration of our continued commitment to this relationship," said Mr. Vijay Wadhi, Managing Director, Locuz Enterprise Solutions Limited. More...

Bank of Scotland Investment Services goes Live with rhymeSIGHT Reporting to Clients

Tue, 18 Nov 2008 15:05:10 +0530

London - November 18 , 2008 - Rhyme Systems, a division of 3i Infotech - Western Europe and a leading provider of asset management solutions, today announces that Bank of Scotland Investment Services (BOSIS), a part of the HBOS Group, has implemented rhymeSIGHT Reporting to Clients.

Developed to combat the increasing complexities associated with client reporting and to address requirements outside of traditional reporting solutions, the standalone solution provides complete automation of the production process. rhymeSIGHT Reporting to Clients will provide BOSIS with the ability to manage and represent multiple data sources in a single, high quality customer report. More...

3i Infotech Revolutionizes Online Transactions with eMudhra

Thu, 13 Nov 2008 17:43:54 +0530

Mumbai - November 13, 2008 - 3i Infotech, a global Information Technology company, today announced the launch of eMudhra, an initiative to roll out digital signatures. With eMudhra, 3i Infotech will transform the way various transactions are conducted in India and empower Indian consumers to use technology beyond basic services.

eMudhra would be offered through 3i Infotech Consumer Services Ltd., a wholly owned subsidiary of 3i Infotech. 3i Infotech Consumer Services Ltd. has been granted license by the Controller of Certifying Authorities, Department of Information Technology in the Ministry of Communications and Information Technology, Government of India, for offering digital signatures to retail consumers. More...

3i Infotech’s revenue grows to Rs. 1078.49 crores and net profit to Rs. 130.04 crores in first half of fiscal 2009

Thu, 23 Oct 2008 13:10:29 +0530

Mumbai - October 22, 2008 - 3i Infotech, a global provider of IT solutions and one of India’s largest software product companies, today announced its operating results for the period ended September 30, 2008. More...

3i Infotech reports robust first quarter results - Revenue grows to Rs. 471.62 crores and profit to Rs. 58.10 crores for the first quarter of FY2008-09

Fri, 25 Jul 2008 16:56:55 +0530

Mumbai - July 25, 2008 - 3i Infotech(www.3i-infotech.com), a global provider of IT solutions and one of India's largest and fastest growing software products companies, today announced its operating results for the quarter ended June 30, 2008.

FINANCIAL HIGHLIGHTS
The operations for the quarter include one month’s revenues and profits from Regulus, the largest US acquisition by the Company (recently completed).

Consolidated results for the quarter ended June 30, 2008:
* Revenue for the quarter was Rs. 471.62 crores, a growth of 78.5% over the corresponding quarter of the previous year and a sequential growth of 34% over the previous quarter. This growth consisted of 32.9% of organic growth and 45.6% of inorganic growth on a year on year basis and 14.1% of organic growth and 19.9% of inorganic growth, on a sequential basis.
* Profit before depreciation, interest and tax for the quarter was Rs. 94.29 crores, a growth of 60.9% over the corresponding quarter of the previous year.
* Profit after tax for the quarter was Rs. 58.10 crores, a growth of 44.1% over the corresponding quarter of the previous year.
* Earnings per share (EPS) increased to Rs. 4.35 from Rs. 3.20 in the same quarter of the previous year.
* The Company has amended its segment reporting to separately report the revenues and profits from Transaction Services business, which now constitutes around 22% of the total revenues of the Company.
* Apart from this, the Company continues to maintain a healthy mix of 1:1 between software products and IT services.

Commenting on the results, Mr. V. Srinivasan, Managing Director and CEO, 3i Infotech Limited, said, "Our first quarter results marks the beginning of yet another strong financial year for us. Our strong order book position and a healthy pipeline give us the confidence of being able to achieve the targets we have set for ourselves for the year ahead. As stated in the past, our business model, diversified over geographies and segments, is able to deliver good growth, despite economic factors such as general business slowdown and currency fluctuations."

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3i Infotech implements Anti Money Laundering Solution for Bank of India

Mon, 21 Jul 2008 18:43:10 +0530

Mumbai - July 21, 2008 - 3i Infotech, a global provider of IT solutions and the fourth largest Indian Software Products company, today announced that Bank of India, one of India's Premier Leading Public Sector Banks, with a large Overseas Branch Network, has signed an agreement to implement AMLOCK, 3i Infotech’s award winning Anti Money Laundering (AML) software. As part of this agreement, 3i Infotech will undertake complete system integration, from procurement and installation of hardware including Storage, Database, Middleware, and Report Writer. Read More...

3i Infotech strengthens its commitment to Europe with new regional headquarters

Mon, 21 Jul 2008 18:41:27 +0530

London - July 21, 2008 - 3i Infotech, a global provider of IT solutions, today announces the move of its European headquarters to 25 Canada Square, Canary Wharf. The move reflects the increasing ambitions of the company, as it develops its international footprint and seeks to meet the needs of its increasingly diverse blue chip customer base. Read More...

FinEdge: BFSI Journal from 3i Infotech

Tue, 8 Jul 2008 09:56:41 +0530

FinEdge(June 2008): The cover story in this issue highlights the growing popularity of Islamic Mortgages particularly in the Gulf markets. Through this article, we highlight the growing popularity of Shari’ah compliant mortgages with a special emphasis on the growth of Islamic Mortgages in Malaysia and the GCC. We also present the highlights of a panel discussion on outsourcing IT operations at the IMG roundtable in Bahrain which was organized by 3i Infotech. In our section on Technology, we take a look at the role of SaaS in Insurance which is emerging as a viable option for Insurance companies to succeed in a rapidly evolving business climate. In our Country Focus section, we have focused on the Banking and Financial Services sector in United Arab Emirates (UAE). We analyze the business, financial, as well as regulatory environment in the UAE. To conclude the issue, we bring you a thought paper on building an effective anti-money laundering program in financial institutions.

Download your copy now...

Rhyme wins Superior Customer Service Award for 2nd Consecutive Year

Fri, 6 Jun 2008 17:44:17 +0530

London - May 6, 2008 - Rhyme Systems, a 3i Infotech company and a leading provider of asset management solutions, today announces it has won the Systems in the City Award for Superior Customer Service. Recognising the exceptional achievements of individuals and businesses in the financial services sector, the user nominated accolade underlines the increasing industry importance placed on developing and maintaining client relationships. Read More...

New recruit for Rhyme Systems' rhymeSIGHT

Thu, 15 May 2008 15:59:13 +0530

London - May 15, 2008 - Rhyme Systems, a 3i Infotech company and a leading provider of asset management solutions, today announces the appointment of Paul Tavares to the account management team for its integrated investment management platform rhymeSIGHT. Read More

3i Infotech Acquires Strategic Stake in IT System Integrator Specialist Locuz

Fri, 9 May 2008 14:25:53 +0530

Mumbai - May 8, 2008: 3i Infotech, a global Information Technology company, today announced that it has taken a strategic stake in Hyderabad based Locuz Enterprise Solutions (Locuz), a leading System Integrator and IT infrastructure solutions and services specialist. Read More...

3i Infotech signs agreement to acquire Regulus Group, USA and its subsidiaries

Tue, 29 Apr 2008 15:11:37 +0530

Mumbai - Tuesday - April 29, 2008 - 3i Infotech, a global information technology company, today announced it has signed an agreement to acquire Regulus Group LLC (Regulus). Regulus is the largest independent remittance provider and one of the leading providers of document (bills) processing services in the U.S. - addressing the full document lifecycle from print and electronic bill presentment to remittance. Under the terms of agreement, 3i Infotech has proposed to acquire 100% of Regulus, including the company’s products, trademarks and product brands. Read More...

3i Infotech’s Revenue grows to Rs. 1224 crores in fiscal 2008. A growth of 82.4% over previous years revenue. Records a Profit after tax of Rs. 183 crores.

Mon, 28 Apr 2008 10:29:38 +0530

Mumbai - April 25, 2008: 3i Infotech, a global provider of IT solutions and one of India’s largest and the fastest growing software product companies, today announced its operating results for the quarter and year ended March 2008. Read More...

3i Infotech strengthens European Banking and Insurance team

Tue, 22 Apr 2008 13:54:12 +0530

London, 22 April 2008 - 3i Infotech, a global provider of IT solutions, today announces the appointment of Mick Newman to Head of Operations for Banking and Insurance in Europe. With a keen focus on customer service, the appointment reinforces 3i Infotech's commitment to delivering large-scale, complex IT projects to the international financial services and insurance community. Read More...

3i Infotech awarded STQCs Capability Approval Certification

Fri, 11 Apr 2008 17:38:32 +0530

Mumbai, April 9, 2008 - 3i Infotech, a global provider of IT solutions and the fourth largest Indian Software Product company, has been awarded a "Capability Approval Certificate" by the STQC (Standardisation, Testing and Quality Certification) Directorate, Department of Information Technology (DIT), Government of India. This certification is the first of its kind, among IT companies doing work in e-governance in India. Read More

Rhyme Systems boosts delivery management team with new appointment

Fri, 11 Apr 2008 13:37:35 +0530

London - April 10 , 2008 - Rhyme Systems, a 3i Infotech company and a leading provider of asset management solutions, today announces the appointment of Elspeth Goodchild as Delivery Manager. Elspeth joins a growing delivery management team that focuses exclusively on overseeing new customer implementations and large-scale project initiatives. The appointment demonstrates an increased industry interest in effective project facilitation and highlights Rhyme Systemsï¿½ commitment to provide long-term, cost effective customer service. Read More

Rhyme Systems launches hosted model for rhymeSIGHT Reporting to Clients

Wed, 5 Mar 2008 15:41:00 +0530

London - March 5, 2008 - Rhyme Systems, a 3i Infotech company and a leading provider of asset management solutions, today launches a hosted model for rhymeSIGHT Reporting to Clients, its standalone next generation client reporting solution.

Developed to combat the increasing complexities associated with client reporting, rhymeSIGHT Reporting to Clients generates additional efficiencies for users and provides senior management with greater control, accuracy and visibility throughout the entire report production process.

As part of the service, Rhyme Systems will provide comprehensive maintenance, support and software upgrades to its users. This will enable businesses to outsource the production of client reports while providing them with a bespoke service that meets their changing commercial requirements. Read More...

Union Bank of India partners with 3i Infotech to implement Anti Money Laundering initiative

Thu, 28 Feb 2008 19:37:57 +0530

Mumbai - February 27, 2008 - 3i Infotech, a global provider of IT solutions and the fourth largest Indian Software Products company, today announced that Union Bank of India (UBI), one of India's largest state-run banks, has signed an agreement to implement AMLOCK, the companyï¿½s award winning Anti Money Laundering (AML) software at Union Bank of India. Read More...