SunTec unveils TBMS-F V4 software

Relationship pricing and billing solutions company, SunTec Business Solutions, has unveiled its new TBMS-F V4 financial services billing software in a bid to address the demand from the banking sector for a unified approach across global markets and financial products.

With the new launch, TBMS-F V4 can now be deployed globally across multiple countries in addition to the multi-currencies and languages already being supported, the Thiruvananthapuram-based company said here.

With the total market value of financial services institutions worldwide growing by 15 per cent in 2005 to touch an all-time high of $8.7 trillion, CEOs expect the sector to outgrow the global economy for a third consecutive year in 2006.

In this context, SunTec estimates that BMS-FV4 will grow its revenues considerably. The company currently registers more than 100 per cent year-on-year growth on revenues, the company added.

Currently, SunTec's TBMS-F is being deployed by leading financial institutions, including ING Bank, HSBC Group, Lloyds TSB and ICICI.

Added Nanda Kumar, president and CEO of SunTec: "We believe that we are addressing the need for real time unification of transactions across geographies for global financial institutions. The TBMS-F V4 will enable financial institutions to grow their revenues substantially."

With research analysts predicting that around 45 of the top 100 global banks will adopt relationship-based pricing solution by 2009, SunTec's TBMS-F V4 stands the chance to aggressively capture a major chunk of this emerging market, it is felt.