3i Infotech a global leader in information technology solutions for insurance, ERP, banking, e-commerce and retail industries has recently signed a multi-million dollar deal with Hong Leong Bank in Malaysia for the implementation of Triton Loan Origination application software.
Triton, an advanced retail banking solution has made significant headway in several markets such as Central & Eastern Europe, GCC, South East Asia and South Asia, which require banking solutions designed to manage both regular and Islamic banking principles. Triton is designed to support Takaful lending or interest free lending across various retail products like mortgage, personal finance, project finance, auto finance etc.
Triton also allows for the development of new products and services by the financial institution, changing of rules on short notice, thus enabling the bank provide customized product offerings based on individual customer needs. “Triton is an ideal application for the Middle Eastern retail banking industry because of its compatibility with the norms of Islamic Banking.
Islamic lending offerings such as Al- Bai- Bithaman Ajil, - Bai- Bithaman Ajil (BBA), Bai Istisna’ (BI), Bai Inah (BI), Al-I-jarah (AJ), Al- ljarah Thumma Al- Bai are pre-built into the application to enable the bank leverage Triton’s existing set-ups and getting to market at a relatively short period in time.
“Its ability to integrate with any bank’s core banking system with relative ease enables the bank to leverage its existing investments, whilst deepening its focus on retail banking,” says Kalpesh Desai, Chief Operating Officer, 3i Infotech (Europe, Middle East & Africa).
He also added that Triton would help the bank set new benchmarks in customer satisfaction. He said this latest win reiterated 3i Infotech IT solutions’ strong delivery track record and product capability.
Intent upon offering smooth delivery of the application and thorough training to Triton users, Hong Leong Bank found it to be the most flexible and competitive program in the market. “Triton is ideal for our business and caters to our future expansion plans. Its features are comprehensive and cover the end-to-end life cycle of a loan from origination to evaluation, documentation and approval,” said Mr Yap, General Manager, Retail Business, Personal Financial Services Division.
The implementation is set to ensure that Hong Leong Bank retains its competitive edge and further strengthens Triton’s solid reputation for adaptability within regular and Takaful banking procedures.
About 3i Infotech Limited (Formerly ICICI Infotech Limited)
3i Infotech Limited (www.3i-infotech.com) provides information technology solutions through its range of solutions for banking, finance, insurance, e-Governance, manufacturing, retail and distribution. It is one of India’s top 5 software product companies and the fastest growing Indian software product company in FY 2004-2005, with respect to both domestic as well as overseas software product sales*. The company is SEI CMM Level 5-compliant for its Software Services and the company is ISO 9001:2000 certified for its Infrastructure and Business Process Outsourcing Services.
Using its domain knowledge and through continuous investment in technologies, 3i Infotech Limited helps corporations in their businesses through its expertise in enterprise-class software solutions, software services,
