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PRESS CORNER
Banknet India has got mention in most of the Indian press. To name few of them: The Times of India, Economic Times, Business Standard, Financial Express, The Statesman, DataQuest, Express Computers, Computers Today, Business Today, Chartered Financial Analyst etc. Banknet India has also found mention on Yahoo, ZDnet, Asian Banker, Terra Networks, S.A, Folha Online, Rediff, India Times, The Week, Brigade 2000, Bobsguide etc.
Banknet India is rated amongst the best websites from the Indian Financial Sector. Such citations have been received from the likes of: Limca book of Records, Financial Times, London, Britannica, Yahoo, Finance Wise, India Times, Times Computing etc.
Banknet India is one of the most popular source for research, projects undertaken by the major management & industry specific institutes in India & abroad. Banknet India has also found reference in research papers from countries like: Australia, UK, Singapore etc.
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Banknet India launches Financial BPO survey 2003
Banknet India, an IT focused banking research & marketing company has launched a major survey on the BPO Industry with special focus on the outsourcing by Banking, Finance & Insurance (BFSI) Industry. Banknet India will later release a White Paper on Financial BPO based on the findings of this survey.
According to Anurag Khanna, MD & CEO of Banknet India, “The objective of Banknet India- Financial BPO survey 2003 is to identify the major players in the BPO (ITES) sector providing services to BFSI Sector & find the operational areas, where BFSI sector is looking for outsourcing the services.”
Banknet India had earlier conducted the First Banking Systems Survey in India in 2002. In this Survey-58 Indian & 10 Foreign IT companies and 24 banks participated. The White Paper on Banking Systems Survey was released in July 2002 at the Banking Conference organized by NASSCOM, National Association of Software & Services Companies. Banknet India has also published first comprehensive reference guide on Banking & Technology Industry in June 2002.
About Banknet India: Banknet India promoted by senior bankers has nearly 50 clients, 40,000+ strong network and strong Brand Identity in the Indian BFSI & IT Industry. It manages India’s only Banking & Technology portal— www.banknetindia.com
Banknet India assists Global IT Companies & Financial Institutions to enter Indian market. It also locally represents Banks/IT Co’s with no physical presence in India. Other services include- Market Research, Brand-building, event management & publications.
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Banknet India launches India’s First Banking Technology Newsletter
Banknet India has launched India's First Banking Technology Newsletter. This free online fortnightly newsletter, with a global perspective, is specially designed for the International- Banking, Finance & Insurance Community, Technology & Service Vendors and Consultants. Banknet India's 'Banking Technology Newsletter' covers Trends & Products from Indian- Banking Technology Industry, News from Technology, Banking, Finance & Insurance Industry and Major market players.
Banknet India is an IT focused banking research consultancy & assists global IT companies to enter Indian market. According to Anurag Khanna, MD & CEO of Banknet India, "Banknet India's 'Banking Technology Newsletter', is the first of its kind and has been launched to fulfill the increasing demand by the International community for information about the latest market developments in Indian BFSI & Technology sector. The Indian BFSI Sector is one of the fastest growing user segment for IT sector & large number of Global IT Companies are planning to enter the Indian market."
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More Indian IT firms to produce banking products
Demand for a greater variety of banking software is prompting more Indian IT companies to become product developers and not solely software service providers, according to a joint industry survey released on Friday.
The Banking Systems Survey 2002-03 found 44 per cent of the 68 responding IT companies planned to come out with banking products.
That marks a shift in focus away from depending almost exclusively on software services. In the past year to March, products accounted for only an estimated four per cent of India's $7.7 billion in software industry exports.
India's IT industry is now scrambling to develop new sources of revenue to fuel growth in the face of a global slump in IT spending. Developing products is also a way of attracting clients to which services like application integration can be sold.
"Indian banks will be shifting from a core focus on branch automation software to more specialised products for ALM (asset liability management), risk management and treasury," said Anurag Khanna, the chief executive officer of Banknet India.
Banknet India, an IT-focussed bank industry consultancy, conducted the survey. The results were released at a banking, financial services and insurance industries IT seminar in Mumbai organised by the Nasscom.
The software areas of greatest potential are ALM and risk management because there are relatively few products to meet growing demand in those areas, Khanna said.
The two largest product categories now are total bank automation (TBA) and Web-based applications, which jointly account for a quarter of the 185 Indian-company banking products covered by the survey.
Mumbai, the country's financial capital, was found to be home to the largest concentration of IT companies producing banking software.
Some 38 per cent were based in Mumbai, including market leaders like i-flex Solution, ICICI Infotech, Tata Consultancy Services and CMC.
Pune and Bangalore were each home to 17 per cent.
Participating in the survey were 58 Indian and 10 foreign IT companies and 24 banks, both Indian and four foreign lenders.
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