CIO Review>>Magazine>>August - 2013 issue

With the world going technical, the BFSI vertical too has increased their IT spending tremendously. It is

predicted that this spending will reach $3.5 billion by fiscal year 2014 growing at a CAGR of 13 percent. The BFSI software solution providers are continuously innovating to provide the best possible solution to each of their valuable client to address their specific pain points.

CIOReview has identified this industry and its impeding growth hence we present to you the "10 Most Promising BFSI Software Solution Providers" that are winning the heart of the consumers.

10 Most Promising BFSI Software Solution Provider

Name Founders /CEO Founded Description

Acute Informatics

Ahmedabad, Gujarat

acuteinformatics.in

Chirag K. Patel

CEO

2005 A provider of solutions focused on Co-operative Banks/Micro Finance,

manufacturing, education, HR and Point-of-Sale verticals.

Agile Financial

Technologies (Agile FT)

Mumbai, Maharashtra

agile-ft.com

Kalpesh Desai

CEO

2008 An enterprise software products and services provider focused on the banking,

financial services and insurance sectors.

DataVision Software

Solutions Pvt. Ltd

Pune, Maharashtra

datavsn.com

V M Uchil

Chairman

2001 A provider of products and services to the finance and banking verticals for banking,

HR and supply chain managament. It also provides cosultancy, business solutions,

system integration and implementation & support services.

ESDS Software Solution

Private Limited

Nashik, Maharashtra

esds.co.in

Piyush Somani

MD & CEO

2005 A provider of end to end core banking services along with microfinance and financial

inclusion services ensuring the availability of banking services at an affordable cost to

disadvantaged and low-income groups.

FortunePay

Bangalore, Karnataka

fortunepay.in

Manju S Murthy

CEO

2011 A provider of comprehensive end-to-end electronic payment platform and services to

acquiring banks and merchants.

Infrasoft Technologies

Limited

Mumbai, Maharashtra

infrasofttech.com

Hanuman Tripathi

Group Managing

Director

1995 A provider of financial solutions, services and products for core banking,

microfinance, anti-money laundering, private banking and wealth management

vertical.

Miles Software Solutions

Ltd.

Mumbai, Maharashtra

milessoft.com

Milan Ganatra

CEO

1999 A global provider of comprehensive technology solutions to wealth and asset

management firms across the globe.

Sesame Software

Solutions Pvt. Ltd

Calicut, Kerala

sesameindia.com

Vinod VC

MD

Vinod P & Sheje

I.C

Directors

1993 A provider of business intelligence enabled core banking and Mobile App based core

banking product. The company is an ISO 9001: 2000 compliant quality management

system certified and NASSCOM member.

Vortex Engineering Pvt.

Ltd.

Chennai, Tamil Nadu

vortexindia.co.in

V. Vijay Babu

CEO

L.Kannan

CTO

2004 A provider of Automated Teller Machies and its associated services for banks. The

company manufactures one of the lowest power consuming ATMs of the world.

VSoft Technologies

Hyderabad, Andhra Pradesh

vsoft.co.in

Murthy

Veeraghanta

Chairman & CEO

1996 A provider of financial technology solutions that improve service, reduce cost and

maximize efficiency.