3i Infotech launches 'Business Execution Outsourcing' model at MEFTEC 2008

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For over two decades, 3i Infotech has been serving the Middle East and Africa region customers across 30 countries. 3i Infotech has been ranked as the 3rd largest Enterprise Applications Solution provider in the MENA region by International Data Corporation.

To comprehensively address the challenges faced by the Banking, Insurance and Financial services business, many of whom are reinventing themselves as a financial services 'super market', 3i Infotech has a developed a unique 'Business Execution outsourcing model'.

Combining its own software products that have found wide acceptance in the field, with IT infrastructure management (including hosting) and back office processing services, the company offers a single point solution to BFSI institutions. With focus on Universal Lending, Factoring, Payment solutions as well as core systems for Asset management and Insurance companies, 3i Infotech offers a range of products and services that translate to effective customers solutions that not only address their current challenges , but can be seamlessly extended to cover future areas of growth.

3i Infotech recently launched its first International Data Center (IDC) in India, which has enhanced the capability to offer various Managed IT Services (IT Infrastructure Management, Remote Infrastructure Management, Business Continuity Plan, Disaster Recovery, Data Center Management.) The facility spread over 25,000 sq. ft, conforms to tier-3 IDC standards and provides secure data centre and hosting facilities for existing and potential customers globally.

'Business Execution Outsourcing model will help banks, financial services and insurance institutions focus on their core activities of product development, marketing and risk management, while leaving the repeatable operational aspects to be managed by our domain-experts. This will enable them to free up their resources for more strategic endeavours within the organisations, and also help in lowering the cost of managing IT infrastructure through improved productivity and efficiencies,'

said Hari Padmanabhan, Deputy Managing Director, 3i Infotech.

'To manage their business value chain, these dynamic organisations are looking for 'partners' that combine strong domain expertise with technology solutions implementation experience which goes beyond mere 'outsourcing'. When combined with our IDC in India, the Business Execution Outsourcing model is an extremely compelling proposition for clients in the region,' Mr Padmanabhan added.