Combined Expertise and Capability-Aligned IT Teams to Benefit Clients
Singapore, July 10, 2023 – Nityo Infotech, a global IT services company, and Azentio Software, a technology firm owned by funds advised by Apax Partners, have announced a strategic partnership to provide comprehensive technology solutions to the Banking, Financial Services & Insurance (BFSI) industry.
The collaboration between Nityo Infotech and Azentio Software combines their extensive expertise and deep industry knowledge in IT services and consulting. The partnership aims to enhance operational efficiency and accelerate digital transformation efforts within the BFSI sector. Under the agreement, Nityo Infotech will serve as Azentio’s reseller and implementation partner, with a specific focus on the BFSI domain.
Through this partnership, Nityo Infotech’s clients will gain access to Azentio’s innovative and comprehensive software product suite, catering to various financial services areas such as lending, trade finance, Islamic banking, treasury, factoring & supply chain finance, risk management, wealth & investment management, and insurance. Azentio offers these solutions through its three technology platforms: Azentio ONEBanking, Azentio ONECapitalMarkets, and Azentio ONEInsurance. Simultaneously, Azentio’s clients will benefit from Nityo Infotech’s wide range of IT consulting services, including staffing, quality assurance, project management, and implementation.
Naveen Kumar, Founder and CEO of Nityo Infotech, emphasized the partnership’s objective to provide clients with a competitive edge through digital transformation. He said, “We are excited to collaborate with Azentio in delivering cutting-edge solutions and services. Together, we will provide end-to-end support to meet the evolving needs of our clients.”
Krish Narayanaswami, Managing Director – Banking, Financial Services, and Insurance at Azentio, stated, “With our combined strengths and expertise in domain and IT consultancy, we are committed to delivering maximum value and superior business results for BFSI organizations. We will help them optimize their IT investments and successfully navigate the digital landscape amidst mounting competition.”
Elie Estephan, Senior Vice President – Banking Practice & Financial Banking Products at Nityo Infotech, emphasized Azentio’s track record of driving growth and meeting strategic goals within the BFSI sector. He added, “With over 23,000 skilled IT professionals and Azentio’s agile implementation methodology, we are well-positioned to deliver exceptional value and accelerate time-to-value for our clients.”
Brijendra Singh, Global Head – Partnerships & Strategic Alliances, BFSI, at Azentio, highlighted the value proposition for BFSI companies, stating, “Azentio, backed by Nityo Infotech’s expertise in IT consulting services and implementation, becomes an invaluable strategic partner. We empower BFSI firms to leverage the latest financial software innovations, driving rapid innovation, reducing time-to-market, optimizing conversions, and boosting revenue.” This partnership signifies a significant step forward in the digital transformation journey for BFSI organizations, as Nityo Infotech and Azentio Software combine their capabilities and resources to drive innovation and success in the industry.