THIRUVANANTHAPURAM: Relationship-based pricing and centralized billing solutions company SunTec Business Solutions has announced a strategic partnership with software major Infosys Technologies.
The partnership aims at offering SunTec’s TBMS-F product suite coupled with Infosys’s universal banking solution, Finacle, as a unique offering to the global financial services industry.
According to SunTec, Finacle and the TBMS-F suite will now function together to provide streamlined product-centric and relationship-based pricing at an enterprise level and help users in the financial services industry to better service and sell to their customers.
Finacle, the banking solution from Infosys, empowers banks to transform their business leveraging technology,. The solution addresses the core banking, e-banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks worldwide.
Meanwhile, the SunTec product provides comprehensive solutions for measuring and monitoring transaction value, and enabling maximum control of profitability.
The combined solution, TBMS-F and Finacle, will offer significant differentiation to target banks in the areas of customer retention, roll out of customized product bundles, value-based pricing and a single customer view across all products and services.
Using the combined solution, banks will gain greater flexibility and business agility as new ideas evolve or market-driven changes drive their transformation towards a more customer centric institution. This will also deliver the much-needed price transparency being demanded by regulators, Kerala-based SunTec added.
“Pricing is expected to have greater importance as a market differentiator and even stronger correlation to profits for financial institutions over the next decade,” said K. Nanda Kumar, president and CEO, SunTec. “Our association with Infosys will enable banks to provide a highly transparent, personalized and unified view of their relationship to each customer,” he added.
SunTec’s TBMS-F is seen as further enhancing, enriching and extending the Finacle value proposition for global banks by providing them even greater flexibility and customer centricity in their business.
© CyberMedia News