20 April 2014

QNX to market Ideal Invent core banking platform in Philippines

10 December 2013  |  503 views  |  0 Source: IDEALINVENT Technologies

IDEALINVENT Technologies, India and QNX Solutions, Inc., Philippines have signed an exclusive partnership to bring IDEALINVENT's new generation banking platform, ConnectCoreTM, and Datamanagement platform, DataMatriceTM, to the Philippines market.

QSI will be distributing andimplementing these solutions in local banks. IDEALINVENT’s core banking solution and associatedproducts are available on a traditional license model as well as on a SaaS platform.

QSI positions itself as a solutions integrator in the Philippines, specializing primarily in Banking domainalong with rich experience in Insurance and application support.

The partner strategy fits perfectly well with the envisaged global out-reach of IDEALINVENT. Thecompany believes their partners will allow them to focus on their core competencies, while the partnertakes care of the project governance and implementation; at the heart of this strategy lies partnerempowerment. The partnership with QSI is a big step forward in IDEALINVENT’s implementation of itsnew Global Partner strategy to bring future proof Core banking and satellite systems to new and existinglocal banks across geographies.

Mr. Emmanuel Ramasola, Executive Vice President, QNX Solutions, Inc. comments “We are delighted tohave entered into an exclusive partnership agreement with IDEALINVENT Technologies for thedistribution of its banking solution suites ConnectCore & DataMatrice in Philippines. Our partnershipbrings together the capabilities of IDEALNVENT’s unique & differentiated banking product offerings andQSI’s wealth of experience and proven track record in delivering value to the banks in Philippines and Iam confident that our partnership will be highly successful and beneficial to all stakeholders –IDEALINVENT, QSI Solutions & our customers in Philippines.”

“QNX solutions, being our sales and implementation partner, brings out the synergistic effect of a globalproduct with a local flavor, addressing the core banking transformations of the local banks in Philippines.

South East Asia, especially Philippines is a very exciting prospect for us. QSI with its immense localmarket es in Philippines.

South East Asia, especially Philippines is a very exciting prospect for us. QSI with its immense localmarket exposure and proven experience in banking, will act as the bridge between IDEALINVENT, as theinternational vendor, and the local banks in Philippines. Our commitment to the Philippines bankingsector will manifest in the gradual empowerment of QSI, enabling them to offer an exciting valueproposition to this dynamic market. These are thrilling times and we are confident that this associationwill unlock the true potential for the local banks” comments Mridul Kumar Nath – IDEALINVENT’s headof Alliances and Partner strategy.

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