Wednesday, 23rd July 2014
8:56:27am

SunTec to Partner with InfosysÂ’ Finacle for Relationship-based Pricing

SunTec to Partner with Infosys Finacle for Relationship-based Pricing

Strategic tie-up to empower banks with more flexibility and adaptability towards customer centricity

PRINCETON, N.J.--SunTec Business Solutions, leading provider of relationship-based Pricing and centralized billing solutions, today announced a strategic partnership with Infosys Technologies (NASDAQ: INFY) with an aim to offer its TBMS-F product suite coupled with Infosys universal banking solution, Finacle, as a unique offering to the global financial services industry.

With this alliance, Finacle and the TBMS-F suite, will function together to provide streamlined product-centric and relationship-based pricing at an enterprise level and help users in the financial services industry to better service and sell to their customers. The combined solution, TBMS-F and Finacle will offer significant differentiation to target banks in the areas of customer retention, roll out of customized product bundles, value-based pricing and a single customer view across all products and services. Using the combined solution, banks will gain greater flexibility and business agility as new ideas evolve or market-driven changes drive their transformation towards a more customer centric institution. This will also deliver the much-needed price transparency being demanded by regulators today.

Pricing is expected to have greater importance as a market differentiator and even stronger correlation to profits for financial institutions over the next decade, said K. Nanda Kumar, President and CEO, SunTec. Our association with Infosys will enable banks to provide a highly transparent, personalized and unified view of their relationship to each customer.

According to Merwin Fernandes, Vice President & Business Head- Finacle, One of the key drivers for legacy replacement among banks across the world is the need to offer differentiated solutions to the diverse customer base. This is where we believe a dynamic relationship-based pricing and billing solution like TBMS-F will further enhance, enrich and extend the Finacle value proposition for global banks by providing them even greater flexibility and customer centricity in their business.

About Finacle Universal Banking Solution

Finacle, the universal banking solution from Infosys, empowers banks to transform their business leveraging technology. The solution addresses the core banking, e-banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks worldwide. Finacle has been architected out of years of experience with global banks and offers several powerful and differentiating features making it one of the most comprehensive, flexible and scalable solutions in its class. For more information, visit www.infosys.com/finacle

About Infosys Technologies Ltd.

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 69,000 employees in over 39 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com

About SunTec

SunTec is a fast-growing, customer centric, relationship-based pricing and billing solutions company that offers transaction value management solutions for communications, media, entertainment (CME) and the banking, financial services, insurance (BFSI) and utilities industries. SunTecs product suites and services, TBMS-T for CME, TBMS-F for BFSI, and TBMS-U for utilities, provide comprehensive solutions for measuring and monitoring transaction value, and enabling maximum control of profitability. SunTec is a certified SEI CMM Level 5 company and its BFSI client list includes ING Bank, HSBC Group, Lloyds TSB and ICICI Bank and in the CME sector, Comcast, Cable One, @Home, Batelco, and BSNL. For more details, please visit www.suntecgroup.com.

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