Credence Analytics maintains leadership position in IBS League Table for second year in a row

Credence Analytics maintains leadership position in IBS League Table for second year in a row

(PRWEB) March 27, 2004 --For the second consecutive year, Credence Analytics (India) has been ranked as the number one Indian company providing wholesale banking software solutions, in the International Banking Systems (IBS) Annual Sales League Table 2003. Credence Analytics was also ranked as the world's number seven in the wholesale banking solutions segment for the period 1st January 2003 - 31st December 2003.

Amongst the 71 companies offering universal banking, wholesale banking, retail banking & private banking software solutions, 24 including Credence Analytics were categorised as wholesale banking vendors of which 7 are Indian companies. In overall world rankings, Credence stands at sixteenth rank and is India's 3rd major banking software solutions provider following i-flex Solutions and Infosys Technologies.

We are a fairly new entrant in the whole banking solutions space and this is no mean achievement for an Indian company of our size. I would attribute this to the confidence placed in us by our clients and to the dedication of each team member at Credence Analytics. We are also proud to be part of this league table which clearly demonstrates that Indian banking software product companies have arrived on the international scene.", says Mr. C. K. Guruprasad, Director (Marketing), Credence Analytics.

According to the league table which is published annually and tracks banking solutions across the globe, Credence Analytics has won 5 new wholesale banking mandates during the year 2003 and has 35 live installations for its range of treasury and risk management solutions. But the league table does not reflect the wide range of related products and services offered by Credence Analytics including solutions in the areas of derivatives management, treasury client-servicing, wealth management and real-time forex workflow management.

(Please find attached a copy of the IBS Annual Sales League Table 2003, for your perusal.)

For more details please get in touch with :

M. R. Rajesh
Head – Banking Solutions
Credence Analytics (I) Pvt. Ltd.
228, Laxmi Plaza, Laxmi Industrial Estate,
New Link Road, Andheri (W), Mumbai – 400 053, India
Ph: 91-22-26331094/26332553
Email: marketing@credenceanalytics.com

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