InfrasoftTech headquartered in Mumbai is a specialist software solutions provider for global financial enterprises. Founded in 1995, InfrasoftTech in its two decades journey has helped banks deliver on their various business objectives; be it enhanced customer reach, improved scale & profitability or implementing changing compliance needs. InfrasoftTech has wide productized offerings, framework based solutions and specialized services in the domains of Commercial Banking, Microfinance, Wealth Management and Capital Markets, serving over 300 customers in multiple markets.
With the help of internet and technology the world has certainly come closer. Users are getting more techno savvy day by day. With the exponential growth in cloud computing it is predicted that the global market for cloud equipment will reach $79.1 billion by 2018. Every company in the UK has already adopted cloud computing technology to some extent. All the organizations will have to adopt it in order to keep themselves in pace to sustain the future competitive market scenario. But Implementing & managing In-house cloud environment is practically difficult for many organizations due to massive CAPEX & infrastructure required.
The Reserve Bank of India (RBI) mandated a deadline to implement the core banking solutions (CBS) by December 31, 2013 & any non-compliance could lead to de-facilitation of regulatory approvals. It was difficult to adhere to the mandate due to lack of competencies & essential technology.