Date:08/06/2004 URL: http://www.thehindubusinessline.com/2004/06/08/stories/2004060801080700.htm

Back SDG Soft, Infosys to integrate tools

Our Bureau

Hyderabad , June 7

SDG Software Technologies, a technology solutions provider for stock exchanges and financial service providers, and Infosys Technologies are working together to integrate BankAlert with the latter's core banking product, Finacle, for global markets.

The Managing Director of SDG (Systems Design Group) Software, Mr Suheim Sheik, and the Head of the Banking Group at Infosys, Mr Girish Vaidya, said these two products were complementary in nature and integrating them for global users would help provide an end-to-end solution for the banking industry. The solution includes an early warning system that helps track unusual movement in transaction patterns.

Further, Mr Sheikh said, "Apart from targeting new markets by opening offices in several countries, including Singapore (the company is providing solution to the Singapore stock exchange), we are now in the process of offering solutions for commodities markets. The company has partnered with BusinessObjects for business intelligence solutions."

Speaking at the SDG annual meeting, Mr Vaidya said product companies such as SDG and Pramati were making their presence felt in the global marketplace. Referring to the recent bid for a Chilean bank by both Infosys and i-Flex, Mr Vaidya said that reflected the faith that international banks had in good Indian products and services.

Senior Member and former President of the Bombay Stock Exchange Ms Deena Mehta said the BSE chose a core transaction processing solution from SDG a few years ago against competitive bids from global players. The fact that, at an average, about Rs 25,000-crore worthtransactions are processed using SDG application reflects that an Indian technology product is globally competitive.

The Chief Executive Officer of Pramati, Mr Jay Pullur, drawing a parallel of how Pramati evolved into a product company competing with MNCs, with that of SDG, that the country would need to take to technology product development to be globally competitive and move up the value chain.