JMR Infotech, formerly known as Trasset Services Group, on 26 March, 2012 announced the opening of its subsidiary in Nigeria, West Africa, as part of the company's expansion plans in the key emerging markets.
JMR Infotech, the India-based banking software services and solutions provider and Oracle Partner for FLEXCUBE Services covering entire gamut of services such as Implementation, Onsite Application Management and Support, Reporting and Interfaces already serves a number of key clients in the African continent. The Nigerian subsidiary will allow JMR Infotech to increase its reach and logistics flexibility across the West African region and promises to deliver more value to the existing clients. By making a direct presence in Nigeria, JMR Infotech overcomes a big barrier, local language, to entry in the African region. Presence in Nigeria enables JMR Infotech to offer local support and insights to its clients across the West African region.
A decade old Banking IT services and solutions company, JMR Infotech anticipates the steady growth of West African economy and sees opportunities to explore as banking and financial institutions across the African continent turn to banking software service providers to support rapid growth, increase profitability and launch innovative products and services. Backed by excellent FLEXCUBE product know-how, coupled with in-depth knowledge and sound practices in the banking domain, JMR Infotech currently provides support to key players in the West African BFS sector in the areas of FLEXCUBE implementation, upgrade and application management and support. There is an increased demand for consumer and business loans in West Africa as the African continent continues to tap its immense resources. Lending activity driven by auto-finance and home-finance, and booming real estate forces West African financial institutions to look for end-to-end automated solutions. In this scenario, our portfolio of solutions and services delivered through our unique 'Extended Arm' engagement model will help banking and financial institutions to address the growing demand effectively by working as an 'Extended Arm' of the bank's IT team, thus considerably reducing the initial investment and TCO. By addressing the needs of the BFS sector, the new facility in Nigeria will provide new IT insights to the West African financial institutions to drive operational efficiencies and improve customer service.
"The growth of different industry verticals drives the expansion of West Africa's BFS sector, which is showing a very high demand for end-to-end banking IT services and solutions. I believe JMR Infotech can play a major role in meeting this demand with its domain expertise," says JMR Infotech Nigeria CEO, Kingsley Eze. Kingsley is optimistic about JMR Infotech's capability to act as a catalyst for the development of West Africa's banking IT infrastructure.
"Burgeoning economy of Africa necessitates banking and financial institutions to bring in state-of-the-art IT infrastructure. In such a scenario, West Africa's BFS sector can surely benefit from our portfolio of services and solutions delivered through our unique Extended Arm engagement model that reduces the initial investment and TCO," asserts Jayafar Moidu, CEO, JMR Infotech.