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Wednesday, October 8, 2014

Yes Bank opts for SunTec suite

Yes Bank has selected the Xelerate product suite from SunTec Business Solutions for its revenue management and business assurance needs in the retail banking division.

Based out of here, SunTec already has a list featuring marquee clients from the financial world from Visa Europe, HSBC, ING, Mashreq and Standard Bank to American Express.

REVENUE STREAMS

YES Bank will use SunTec’s technology to help launch new product packages to manage its revenue streams more effectively, a spokesman said here.

The Bank believes that customer experience differentiation it can obtain with the help of SunTec will be the key to achieving its strategic objectives.

In addition, the Xelerate product suite will be used to streamline the bank’s pricing and billing process.

The Bank had selected SunTec’s technology after conducting a thorough evaluation process, says Pralay Mondal, Senior Group President, Branch and Retail Banking, YES Bank.

SunTec’s product suite incorporates the best aspects of technology from banking systems around the world, he added.

FUTURISTIC SOLUTIONS

“We see real value in SunTec’s vision in providing futuristic solutions. Partnering with SunTec gives us the ability to quickly develop new products and improve our existing offerings.

“We are looking forward to working with SunTec to put our customer-centric business strategies into action.”

Nanda Kumar, CEO of SunTec, said that the Indian retail banking sector is full of exciting opportunities.

The company is looking forward to helping YES Bank take advantage of these opportunities, he added.


Source : The Hindu

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