Business Standard

IDBI Intech to offer data mining, business analytics solutions

Related News

's infotech subsidiary on Saturday said it is in the process of partnering with firm to offer data mining and business analytics solutions to the .

"We will soon offer data mining and analytics solutions for which we are in the process of tying up with SAS. This will soon be a huge market. Besides, the Reserve Bank has mandated banks to do data mining," MD and CEO said.

IDBI Intech is also looking at acquiring banking software companies. If an acquisition happens, the deal will be funded largely through internal accruals, he said. "We will raise money only if we have to."

Besides, the firm has developed an automated data flow software product that will be launched by December, he said.

"This too is a product which has a market due to regulations. We see a market of Rs 200 crore for this product. Public sector banks have to be partially compliant with automated data flow regulations of the RBI by June and fully compliant by December. So, we see a huge potential here." The company also plans to launch a portal for education loan. It would act as an interface between students, banks and educational institutions, Sharma added.

Read more on:   
|
|
|
|
|
|

Read More

Responsible and pragmatic: Amitabh Chaudhry

There has been a high level of focus on financial and capital markets with a slew of measures


Quick Links

News Rss icon

LIC Housing Finance takes over Orbit Corp's Mumbai property

Orbit's total amount outstanding is Rs 95.50 crore including interest, expenses and other charges

VCES a rare opportunity, make fresh start, says Chidambaram

The FM asked hose in trade and industry to seize the offer

Govt allows greater flexibility for pension fund investments

But the EPFO board would need to approve the changes before they become official

Back to Top