SINGAPORE: Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, has been included in the reports Now Tech: Digital Banking Processing Platforms (Retail Banking), Q1 2022 and Now Tech: Digital Banking Processing Platforms (Corporate Banking), Q1 2022, published by leading research and advisory firm Forrester.
The Now Tech reports delve into the value offered by digital banking processing platform (DBPP) providers. Forrester defines a DBPP as “a comprehensive but modular / componentized set of banking applications designed to cover areas such as retail or corporate banking. Further, DBPPs comprise core banking functions and support processes in near real-time, provide insightful information, allow rapid product development, and expose their business capabilities via APIs.”
In both reports, Azentio’s Kastle™ Digital Banking Suite is included in the international incumbent functionality segment, which is described as offering broad business capabilities. The solution’s geographic presence by revenue is stated as Middle East (62%), Asia Pacific (26%), and Africa (12%), while the vertical market focus by revenue is on retail banking, business banking, corporate banking, and other banking sub-verticals.
Tony Kinnear, Chief Executive Officer of Azentio, stated, “It is pleasing for Azentio to be acknowledged by Forrester. We believe this validates the value we consistently provide to our BFS clients, whether in process enhancement, customer satisfaction or revenue generation, through our innovative and market-focused technology solutions.”
Azentio has been in the forefront in helping BFS businesses redefine themselves by providing a comprehensive suite of solutions for Core Banking, Lending, Treasury, Risk Management, AML, Compliance, Asset Management and Islamic Banking. The company has over 900 clients across 65 countries and holds a leading position in the Middle East & Africa.
About Azentio Software Private Ltd
Azentio Software provides mission critical, core and vertical-specific software products for clients in banking, financial and insurance services primarily across the Middle East and Africa, Asia Pacific, and India. The company’s flagship products include Kastle™ (Universal Banking Solution), iMAL™ (Islamic Core Banking Platform), Premia Astra™ and Beyontec Suite (Core Insurance Software), AMLOCK™ (Financial Crime Detection and Management Solution), MFund Plus™ (Wealth & Asset Management Solution) and Orion™ (Enterprise Resource Planning Solution).
The company has over 900 clients in more than 65 countries with a strong team of over 2,000 employees across offices in 9 countries globally. Azentio Software Private Limited is wholly owned by funds advised by Apax Partners.
