BPC and R Systems form strategic marketing partnership

Banking Production Centre (BPC), the leading systems integrator and electronic payment solutions provider, and R Systems International Limited, represented by its business division Indus, specialists in consumer lending systems, has announced a strategic marketing partnership aimed to improve the efficiency of global businesses in retail banking.

Under this initiative BPC and R Systems have teamed up to develop a fully integrated solution based on BPC's SmartVista suite of software products and LSI/LendSphere product line from Indus, a business of R Systems. The complete product offering is designed to incorporate all consumer lending functionality catering for application processing, loan / credit card disbursement, credit account management, repayment management, debt management and collection. The arrangement enables both companies to engage in the joint marketing of their integrated solution in the target regions, with BPC's responsibility spanning Russia and the CIS, and R Systems's efforts covering India, Sri Lanka, Bangladesh, Burma, Thailand and Vietnam.

"The growth of retail financial services market in Russia and the CIS has been held back so far by the lack of adequate software solutions to support consumer lending operations. This has lead to the current situation where many national banks are bound by their current technologies that do not to provide for the smooth management of credit portfolios. As the industry is gaining pace we are confident that our existing product offering and experience in banking automation complemented by Indus's superb lending solutions will drive retail businesses further," said Alexey Demidov, COO BPC International.

"Establishing of effective partnerships in the target regions is the key element of our far-reaching go-to-market strategy. We are very excited about the chance to develop a cooperative marketing relationship with R Systems and Indus, whose expertise and understanding of local environment will create new opportunities for our solutions in India and cross-border countries", he added.

"We are extremely pleased to work with a company having experience and product line that ideally complements our own in a way that is an all around benefit to everyone. We look to increase the overall value to our existing and prospect customers by exploiting the synergies found in our two companies to achieve outstanding results in retail banking niche. We are confident that BPC's market-leading expertise in systems integration, best practices and business processes, combined with the power of our LSI/LendSphere software suite will help the financial institutions of Russia and the CIS to react to business change and release greater value from their lending programs", said Tarun Mathur, CMO R Systems.

R Systems Inc., headquartered at Eldorado Hills, CA, provides full service information technology solutions to over 220 companies including Government organizations. R Systems International Limited has its Head Office in Noida, India. Indus, is based out of Pune, India and provides products & services to the banking sector, focusing on retail banking. Indus has provided comprehensive retail lending solutions to reputed banks and organizations spread across many countries. Indus is a certified ISO 9001:2000 and SEI CMM Level 5 organization.