Financial Technologies (India) Ltd, a Mumbai-based financial software products company, has entered into a three-way technology alliance with the Singapore-based Keystone, for marketing its products abroad.
Keystone has a collaborative technology and marketing programme designed by pooling resources of global technology leaders Microsoft, Intel Corporation and Compaq. This helps the company to deliver technologies for the financial services industry in the Asia-Pacific region.
Jignesh Shah, chairman and managing director, Financial Technologies, said: "The alliance is the first-of-its kind with any Indian software products company, having multiple intellectual property rights (IPRs) in the securities industry space. The move enables the company to penetrate into the fast growing and highly structured financial markets in the Asia-Pacific region."
Solutions of Keystone have been designed to provide greater investment protection to customers through broad inter-operability, lower up-front cost and a lower total cost of ownership.
The total global infotech spends for the straight through processing technology is estimated to be around $ 20 billion with the Asia Pacific market estimated at $4.3 billion over the next three years.
"We believe that Financial Technologies is ideally placed to capitalise on that opportunity space," Shah said.
Financial Technologies is the only Indian company having multiple IPRs for multiple markets within the financial services vertical -- equity, derivatives, treasury, forex, commodity and depository.
