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Fennech Financial Limited announces strategic partnership and joint GTM with NIIT Technologies

Fennech Financial Limited announces strategic partnership and joint GTM with NIIT Technologies

Enabling Digital transformation of finance operations through solutions powered by ML & AI


Noida | INDIA, 26 Sept, 2019: Fennech Financial Limited today announced a global partnership with NIIT Technologies Limited to develop joint go-to-market programs designed to accelerate digital transformation of clients’ finance functions in the Banking and Financial Services industry with advanced AI & ML solutions built on F3 platform. Fennech’s F3 is a highly configurable “platform-as-a-service” that automates finance processes, providing high visibility and control, whilst increasing efficiency and enabling faster decision-making.

As part of the partnership, NIIT Technologies and Fennech will collaborate globally to deliver intelligent services, built on F3 platform,, integrated with NIIT Technologies’ cognitive frameworks, digital experience, and process re-engineering capabilities. This robust solution will result in improved visibility, robust control and audit across core activities such as cash reconciliation, payment generation, liquidity management, regulatory reporting and multi-party netting.

This strategic alliance will also enable clients to optimize their funding, reduce cost of operation and risks by leveraging Fennech digital contracts and platform features that are powered by latest Machine Learning & AI framework.

Emmanuel de Resseguier, Chairman and CEO, Fennech Financial said “We are delighted to partner with NIIT Technologies. With our transformative financial digitalisation solutions combined with NIIT Technologies’ strong techno-functional expertise, we are extremely confident that this collaboration will provide further impetus to digital and emerging tech adoption globally, thereby improving efficiency.”

Gautam Samanta, EVP & Global Head - BFS, NIIT Technologies said “This symbiotic partnership is a strategic move in the direction to drive growth, enable our global clients in BFS domain harness latest Digital, AI and ML technologies to increase efficiency and productivity in the finance operations. Together with Fennech Financial, we will enable our joint enterprise customers embrace cognitive and digital technologies to drive digital transformation, achieve real-world business impact and gain competitive edge.”

About Fennech Financial Ltd.

Fennech is a B2B Fintech software business. Fennech revolutionises the way traditional financial processes are managed and processed with a brand-new digital platform using Digital Contracts and Machine Learning as core components. The Fennech Financial Framework (F3) is a robust industrial platform and the best “Banking as a Service” tool to support high volume, end to end, back to front digital transformation in Banking and Finance. It allows businesses to digitalise and transform many types of legacy processes which are currently expensive and inefficient. “We are powering the digitisation of our clients”.

About NIIT Technologies Ltd.

NIIT Technologies is a leading global IT solutions organization, enabling its clients to transform at the intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact. The Company focuses on three key verticals: Banking and financial services, Insurance, Travel and Transportation. This domain strength is combined with leading-edge capabilities in Data & Analytics, Automation, Cloud, and Digital.

With over 10,000 employees serving clients across Americas, Europe, Asia, and Australia, NIIT Technologies fosters a culture that promotes innovation and constantly seeks to find new yet simple ways to add value for its clients.

Learn more about NIIT Technologies at www.niit-tech.com

Safe Harbor

Certain statements in this release are forward-looking statements. The business involves various risks, and uncertainties that could result in the actual results to differ materially from those indicated here. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

For media queries please contact:

Akanksha Gupta
Corporate Communications
NIIT Technologies Ltd.
+91 8800755200

akanksha.1.gupta@niit-tech.com

Suman Nath
Edelman India
+91 9958065680
Suman.Nath@edelman.com

For investor/analyst queries please contact:

Abhinandan Singh
Head – Investor Relations and M&A
NIIT Technologies Ltd.
+91 22 40103212
abhinandan.singh@niit-tech.com

 

Publishing Date: 
Thursday, September 26, 2019