Kathmandu. A strategic partnership has been launched between InfoDevelopers Pvt. Ltd., a leading software and fintech company in Nepal, and One Point Financial Services, a leader in cutting-edge API technology.
Under the collaboration, banks and financial institutions using the Pumori core banking system will be provided with integrated, secure and standards-compliant API services. As per the partnership, the TTUP and PDX systems currently used in Pumori will be gradually replaced with an enhanced version including an API manager.
One Point’s API Management System is currently used by more than 16 commercial banks in Nepal and 7 international banks for digital payments and secure API integration. After this partnership, Pumori user banks and financial institutions will also be able to expand e-banking, mobile banking, and automated banking services more effectively using the same advanced technology.
This collaboration is expected to accelerate service delivery, reduce operating costs, encourage innovation, and make banks internationally competitive.
Commenting after the agreement, Praveen Subedi, CEO of InfoDevelopers Pvt. Ltd., said, “We consider this partnership as an important milestone in the digital journey of the Nepali banking sector. It will help banks and financial institutions connect with the latest technologies in a simple, secure and efficient manner.’
Pratap Shrestha, CEO of One Point Financial Services, said, ‘Our API system will help banks make data-centric decisions and provide faster services. This partnership will further expand that impact.’
The two companies have signed an agreement to formally launch the strategic partnership. The event organized to exchange the memorandum of understanding was attended by Robin Rana, Senior Manager of Pumori Core Banking System, Sulochana Laxmi Tuladhar, Manager Dilip Dawadi and Bikram Duwal, Chief Technology Officer of One Point Financial Services, among others.
प्रतिक्रिया दिनुहोस्