Hexaware partners with iCreate to establish Biz$core Banking BI Centre of Excellence

Mumbai, India - 28 November 2011

Hexaware enters into a Strategic Partnership with Banking BI specialist to augment service offerings

Hexaware Technologies Limited, a leading global provider of IT, BPO and Consulting services, announced that the Company has recently entered into a strategic alliance with Banking Business Intelligence (BI) specialist, iCreate Software to build a Centre of Excellence (CoE) to enhance iCreate’s flagship Banking BI product, Biz$core.
This strategic partnership will allow iCreate to leverage Hexaware’s Banking micro-vertical & BI capabilities, its global reach and its impressive client roster to jointly address the market for prebuilt BI and Analytics solutions for the Banking sector.

“Given Hexaware’s core focus in BI Services and Banking Domain, setting up Biz$core practice marks a new paradigm in our BI & Analytics offerings for Banks. Further, it is a win-win proposition when a domain-focused product with a significant prospect base dovetails with the solid delivery infrastructure of a global IT major” said R V Ramanan, Executive Director and President, Hexaware Technologies Limited. Hexaware offers end to end IT, BPO, Risk Management, Compliance and multiple point Solutions for the Banking Industry.
Biz$core offers a fully functional BI solution with advanced coverage of all business units and also supports regulatory reporting. This partnership enables iCreate to jointly collaborate with Hexaware to ensure successful implementation of their flagship product solutions for the common clients.

“Hexaware’s new Biz$core Banking BI CoE will strengthen Biz$core’s delivery capability exponentially and enable banks to overcome their unique information management challenges. This is one the best value propositions created for the banking fraternity”, stated Vivek Subramanyam, CEO, iCreate Software.
During this year, iCreate Software has already secured contracts from HDFC Bank, IndusInd Bank and Dhanlaxmi Bank to provide their automated data flow solution, Biz$core. This BI solution will ensure meeting compliance needs in addition to aiding the management of information effectively for various business needs.

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