JMR Infotech, a leading provider of end-to-end core banking solutions and technology services, on 2 September 2013 announced its entry into the US market with the opening of a new office in Virgina.
Direct presence in US will allow JMR Infotech to increase its reach and logistics flexibility across US and enable the company to get closer to the growing clientele in the region.
Strengthening the company's presence in the world's largest economy, the Virginia office will play a key role in helping the company explore opportunities in US banking and financial services (BFS) industry, which is poised to be the biggest industry in US. JMR Infotech anticipates huge potential for growth as US bank technology leaders continue to make decisions in favour of new technology platforms that are key differentiators for their business and enable capabilities quickly at lower cost. With the entire financial services product suite from Oracle in its portfolio of offerings, JMR Infotech will assist banking and financial services institutions to Build, Run and Grow their IT infrastructure.
JMR Infotech offers end-to-end solutions and services including Core Banking, Direct Banking, Private Banking, Islamic Banking, Investor Servicing and analytical applications such as Enterprise Performance Management, Enterprise Risk Management, Customer Insight and Financial Crime and Compliance Management. The company also has a dedicated Testing Services wing exclusively for the BFS industry. For the lending market, JMR Infotech has its end-to-end loan origination software Lead To Loan. JMR Infotech provides Complete Banking IT Managed Services through its unique Extended Arm engagement model that gives clients the opportunity to reduce investment and Total Cost of Ownership.
"We anticipate many US banking and financial institutions to review their current IT infrastructure and demand best-in-class solutions and services that take their business to new heights," said Jayafar Moidu, CEO, JMR Infotech. "We are committed to help BFS institutions intelligently rationalise their technology costs while delivering state of the art technology that continually makes new products possible and enhances the way products are offered, so that they can build the bank of the future while maintaining an efficient bank of the present," added Jayafar.