Mumbai, Maharashtra -- (SBWIRE) -- 12/01/2009 -- Financial Technologies India Ltd. (FTIL), a world leader in trading technology and development of next generation multi-asset financial markets, has deployed MAIA Intelligence’s 1KEY BI (business intelligence) software for MIS reporting and data analysis support.
FTIL, which controls over 80% market share in front end trading technologies in India, deploys a host of support solutions with its unique un-matched IP centric technology platforms. MAIA Intelligence’s 1KEY BI Solution is the latest to join FTIL for providing support solutions.
Paras Ajmera, Director – Operations & HR, FTIL, said, “We, at Financial Technologies, are committed to provide the highest level of quality and service through our solutions that cater to the complex evolving needs of the marketplace. In order to implement a robust framework for faster decision making, we deployed MAIA Intelligence's 1KEY BI solution for our reporting and data analysis. MAIA worked closely with us to co-create and deploy a highly scalable and usable solution so that our clients can access superior technology and domain leadership for creating and trading on next generation financial markets.”
“It is great to be associated with world leader like Financial Technologies and we are delighted that they selected 1KEY Agile BI Suite to support their reporting and analysis needs,” said Sanjay Mehta, CEO, MAIA Intelligence. “MAIA Intelligence is well-suited to meet FTIL’s growing business intelligence requirements. Our user-friendly reporting capabilities and dashboards empower business people to create their own reports for seamless access to the information they need.”
The Financial Technologies group is among the global leaders in offering technology IP (Intellectual Property) and domain expertise to create and trade on next-generation financial markets that are transparent, efficient and liquid, across all asset classes including equities, commodities, currencies and bonds among others.
FTIL’s front end trading technology, ODINTM, is the No.1 brokerage solution with over 80% market share with 400,000 licenses, 100,000 trading workstations servicing 1000 institutions and brokerage clients, including top 30 banks in India. ODIN supports ten Indian and international exchanges through CTCL (Computer to Computer Link) technology. FTIL’s MATCH is a leading multi-user, multi-exchange, multi-currency integrated back office accounting and settlement system which addresses the needs of back office operations of retail and institutional broking houses. FTIL’s exchange technology, DOME is a multi asset exchange product suite that offers an integrated matching engine, surveillance, risk management, clearing and settlement.
MAIA’s 1KEY BI offers a wide range of reporting and analysis interfaces for FTIL, providing insights into business performance across the company through dashboards, analytical and static reports. 1KEY BI analyzes the employee as well as business process efficiency, which needs to be continuously monitored and controlled for increased profitability with the help of report scheduling.
Through 1KEY BI application, FTIL can do efficient reporting and analysis for the data coming from HR & Payroll, CRM and BPM systems to track employee productivity, improve margins, review market specificity, and identify growth opportunities. The software can also generate reports for various departments like Finance & HR, Administration and IT.
Notes to Editors:
About Financial Technologies
(NSE: FINANTECH, BSE: FlNTECH, Bloomberg: FTECH IN)
Financial Technologies India Ltd (FTIL), the flagship company of the Financial Technologies Group, is among the global leaders in offering technology IP and domain expertise in creating next generation financial markets (exchanges) across all assets class including equities, commodities, currency, and debt. The Financial Technologies Group currently owns and operates 10 national and international exchanges spanning markets from Africa to Middle East, India and South East Asia. It also owns and operates six ecosystem ventures to address upstream and downstream opportunities around exchanges, including clearing, depository, information vending, and payment gateway. For more information, visit www.ftindia.com
About MAIA Intelligence, India
Commenced in 2006, MAIA Intelligence is young, innovative and emerging software Product Company in powerful Business Intelligence (BI) Reporting and Analytics space. The company with its mission to democratize BI and take it from few expert users to the operational managers, frontline executives to back office team is on its way to become the largest BI user base within India by 2009. MAIA is Microsoft Gold Certified Partner and has been selected as one of the NASSCOM Top 100 IT INNOVATORS in 2007. MAIA’s 1KEY BI software has been tested and certified by Microsoft for ISV/software solutions. MAIA has been one of the first few companies to be listed in the Microsoft start-up Accelerator program. MAIA’s 1KEY Agile BI Suite has been featured in Microsoft Solution Directory 2008. The product was also one of the only Indian BI to be recognized by NICSI (National Informatics Centre) and empanelled in BI Tender alongside multinationals. For more information, visit www.maia-intelligence.com
For further information, contact:
Dhiren Gala
Manager - Operations
MAIA Intelligence Pvt Ltd,
T : +91 - 22 - 66888961
M : +91 9920249395
E: dhiren@maia-intelligence.com
Roma Nair
Manager – Corporate Communications
Financial Technologies (India) Ltd.
T: +91-22-67152000
M: +91 9930268098
E: roma.nair@ftindia.com
Safe Harbour Statement: Certain statements made in this release with reference to future operations and performance of Financial Technologies, its subsidiaries, and other group companies are forward-looking statements, involving risks and uncertainties. Certain factors could cause actual results to differ materially from those in such forward-looking statements. The company does not undertake responsibility to update any forward-looking statement that may be made from time to time by or on behalf of the company.