India’s Idealinvent Launches with Local Partner in Nepal

India’s Idealinvent Technologies has partnered with Ncat Systems & Solutions to launch its next generation banking products in the Himalayan kingdom of Nepal.

Bangalore-headquartered Idealinvent said that its product suites ConnectCore and DataMatrice, comprising core banking, channels and mobility as well as data management products, will be available to banks on license, rental and software-as-a-service (SaaS) models.

The company added that Ncat is a leading distributor of globally recognised banking solutions in Nepal and has a wealth of experience in installing banking solutions such as automated teller machine (ATM) systems as well as consulting for online channels and core banking implementations.

Nepal’s financial services sector “can benefit hugely from Idealinvent’s cost effective delivery models for their next generation banking platform ConnectCore,” said the company. The suite of products “is completely service orchestrated allowing very short implementation timeframes and significantly low cost of ownership.”

The company’s products are also available as a service, under the B-SaaSTM brand name. B-SaaSTM is provided on a community cloud model where customers share common infrastructure and core services. The services portfolio of B-SaaSTM covers the front office, back office, accounting and reporting requirements of banks.

“Our partnership with Idealinvent is a big step forward in our endeavour to cement our position in the banking solutions market and become a leading distributor in the region, because it entrusts us with superior products in addition to our already strong position in the Nepalese market,” said Ncat’s managing director, Atendra Shrestha.

“ConnectCore makes leading edge technology affordable for banks in Nepal by using innovative delivery and business models,” added Idealinvent’s head of alliances and partner strategy, Mridul Kumar Nath. “It empowers banks by providing them with the foremost technology to pursue strategic business and growth opportunities.”

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