INFRASOFTTECH POSITIONED IN THE VISIONARY QUADRANT OF GARTNER’S MAGIC QUADRANT FOR INTERNATIONAL RETAIL CORE BANKING
InfrasoftTech has retained its position as ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€¦Ã¢â‚¬Å“VisionariesÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€šÃ‚Â in GartnerÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢s Magic Quadrant for International Retail Core Banking. 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 vendorÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢s market traction and momentum for inclusion in the MQ. InfrasoftTech appears in Gartner MQ for IRCB since 2010 and retains its position in ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€¦Ã¢â‚¬Å“VisionaryÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€šÃ‚Â 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, ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€¦Ã¢â‚¬Å“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 ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œ be it mobile devices, internet or social media networks.ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€šÃ‚Â
Don Free, Research Vice President, and Ethan Wang, Research Director, Gartner, comment in the report, ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€¦Ã¢â‚¬Å“Higher agility and efficiency in areas that are transformational for the bank ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â such as providing faster time to market for new products (days versus months) and accommodating process change at the speed of business ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â are driving banks to secure increasing commitments from the business side of the bank.ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬Ãƒâ€šÃ‚Â
The flagship product suite from InfrasoftTech under the brand name ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œ 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.
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