Their partnership aims to enhance operational efficiency and accelerate digital transformation for BFSI service providers.
Azentio Software (“Azentio”), a leading technology firm owned by funds advised by Apax Partners, and Nityo Infotech, a global IT services company, have announced a formal partnership aimed at delivering cutting-edge and comprehensive technology solutions to the Banking, Financial Services & Insurance (BFSI) industry.
The strategic alliance brings together Azentio’s proven expertise and deep industry knowledge, along with Nityo Infotech’s extensive experience in IT services and consulting. The partnership aims to enhance operational efficiency and expedite digital transformation as BFSI service providers delve deeper into the realms of digitalization. Under the agreement, Nityo Infotech will serve as Azentio’s reseller and implementation partner, with a particular focus on the BFSI domain.
This collaboration will grant Nityo Infotech’s clients access to Azentio’s innovative and comprehensive software product suite, designed for various financial services sectors such as lending, trade finance, Islamic banking, treasury, factoring & supply chain finance, risk management, wealth & investment management, and insurance. Azentio provides these solutions through three comprehensive technology platforms: Azentio ONEBanking, Azentio ONECapitalMarkets, and Azentio ONEInsurance.
Simultaneously, Azentio’s clients will benefit from access to Nityo Infotech’s full range of IT consulting services, including staffing, quality assurance, project management, and implementation.
Krish Narayanaswami, Managing Director – Banking, Financial Services, and Insurance at Azentio, expressed his thoughts on the partnership, stating, “BFSI organizations today are increasingly exploring and adopting digitalization while also aiming to maximize returns from their IT investments in the face of mounting competition. Through our combined strengths and respective proficiencies in domains and IT consultancy, we will ensure that they extract the maximum value from their IT investments and achieve superior business results.”
Naveen Kumar, Founder and CEO of Nityo Infotech, shared his enthusiasm for the collaboration, saying, “We are excited to partner with Azentio to deliver digital transformation solutions and services that will enable our clients to gain a competitive edge. Our collaboration will empower us to offer end-to-end services that meet the ever-evolving needs of our clients.”
Brijendra Singh, Global Head – Partnerships & Strategic Alliances, BFSI, at Azentio, highlighted the strategic significance of the partnership, stating, “With Nityo Infotech’s strengths in IT consulting services and implementation, Azentio now becomes an indispensable strategic partner for BFSI companies seeking to leverage the latest financial software innovations, drive innovation at an accelerated pace, reduce time-to-market, optimize conversions, and increase revenue.”
Elie Estephan, Senior Vice President – Banking Practice and Financial Banking Products at Nityo Infotech, added, “Azentio has a proven track record of helping BFSI companies leverage technology innovatively to drive growth and achieve strategic goals. Meanwhile, Nityo Infotech boasts over 23,000 skilled IT service professionals across 62 locations, equipped with the necessary experience and skills to perfectly complement Azentio’s agile implementation methodology and time-to-value.”
This strategic partnership between Azentio Software and Nityo Infotech is poised to revolutionize the BFSI industry by delivering innovative technology solutions and comprehensive services that enable companies to stay ahead in an increasingly digitalized world. With their combined expertise, the two firms are well-positioned to address the evolving needs of BFSI organizations and drive success in a rapidly changing landscape.