Banking on technology

Infrasoft Technologies has been showcasing its core banking solutions at this year's GITEX Technology Week.

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By  Administrator Published  September 10, 2007

Infrasoft Technologies has been showcasing its core banking solutions at this year's GITEX Technology Week.

It has developed a system covering all of the needs of a bank or financial institution, but individual modules can also be implemented.

The developer's anti-money laundering and wealth management solutions have been particularly popular, as banks in the Middle East region put a greater focus on compliance while trying to attract greater revenues from their most valuable customers.

"Every regulator is saying compliance needs to happen," says Amit Roy, regional manager, Infrasoft Technologies. "Every bank is asking how they can increase their wallet share of high net worth individuals, and that's where wealth management comes in."

He adds: "There is a huge need for Islamic finance products." With that in mind, the company also offers a fully Shariah compliant core banking solution.

Infrasoft Technologies, which is among the top 10 core banking solutions providers worldwide, specialises in providing software specifically for the banking and finance sector, something which helps it to deliver highly focused solutions.

Last year, its Islamic banking solution was implemented in the European Islamic Investment Bank in London.

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