InfrasoftTech positioned in the Visionary Quadrant of Gartner's Magic Quadrant for International Retail Core Banking

MUMBAI, India, November 18, 2014 /PRNewswire/ --

InfrasoftTech, a leading IT solutions & services provider for BFSI sector, today announced that it has been positioned by Gartner, in the "Visionaries" quadrant of the "Magic Quadrant for International Retail Core Banking" Report.

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This Magic Quadrant assesses the suitability of core banking system providers and their product offerings to address current International Retail Core Banking (IRCB) market trends. It assesses vendor's market traction and momentum for inclusion in the MQ.

InfrasoftTech appears in Gartner MQ for IRCB since 2010 and retains its position in "Visionary" Quadrant, this year. It has scored in top 30% for customer support in the Gartner customer experience survey.

Mr. Hanuman Tripathi, Group Managing Director commented on this occasion, "It is heartening to be in the group of 20 core banking solutions evaluated by Gartner for global competitiveness. We are thankful to our customers for helping to achieve higher ratings on our support capabilities, which is critical for modern world of 24 x 7 banking. Banking is no more limited to transaction processing but now entails service delivery improvements on various customer touch points - be it mobile devices, internet or social media networks."

Don Free, Research Vice President, and Ethan Wang, Research Director, Gartner, comment in the report, "Higher agility and efficiency in areas that are transformational for the bank - such as providing faster time to market for new products (days versus months) and accommodating process change at the speed of business - are driving banks to secure increasing commitments from the business side of the bank."

About Infrasoft Technologies Ltd.

InfrasoftTech, a specialist financial industry software solutions provider, has close to two decades of experience in serving a cross-section of financial enterprises. Over 300+ customer sites across 32 countries helps InfrasoftTech in imbibing changing business demands and present the right-fit solution.

The flagship product suite from InfrasoftTech under the brand name - OMNIEnterprise, comprises Core Banking, Anti Money Laundering, Anti Fraud, Microfinance, Financial Distribution, Wealth Management and Direct Banking Channels.

In the recent past, InfrasoftTech has successfully launched its hosted payments services and hosted mobility solution covering m-banking, m-payments and m-wallet.

Disclaimer:  

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. 

Harshada Deokar
Asst. Manager - Corporate Communications
Contact No - +91-22-6776-4000
Email: [email protected]