In a significant development for India's financial technology sector, ITC Infotech has been selected as the technology partner for Nippon Life India Asset Management Ltd (NAM India) in a multi-year engagement that promises to reshape the asset management company's digital infrastructure.
Strategic Partnership for Digital Excellence
The comprehensive agreement will see ITC Infotech leverage its extensive industry expertise and advanced digital capabilities to strengthen NAM India's technology foundation. This partnership represents a major step in NAM India's journey toward becoming a digital-first enterprise in the competitive financial services landscape.
Under this ambitious collaboration, ITC Infotech will take responsibility for managing and modernizing NAM India's core technology operations across multiple domains. The scope includes applications management, infrastructure optimization, and robust cybersecurity measures, while simultaneously driving advanced data analytics and AI-powered initiatives.
Comprehensive Technology Modernization
The partnership extends beyond routine technology management to include strategic technology advisory services and the establishment of a dedicated Offshore Development Center (ODC) in Mumbai. This dedicated center is designed to enhance operational agility, foster closer collaboration between the teams, and ensure delivery excellence across all technology initiatives.
This engagement marks a pivotal moment in ITC Infotech's expansion within the financial services sector, demonstrating the company's growing capability to handle complex digital transformation projects for major financial institutions.
Leadership Perspectives on the Collaboration
Abhijit Shah, Chief Technology Officer at Nippon Life India Asset Management Ltd, expressed strong confidence in the partnership, stating that this collaboration will significantly strengthen their technology backbone and enhance operational resilience. He emphasized that this move represents a crucial step toward building a truly future-ready organization capable of meeting evolving market demands.
Echoing this sentiment, Vishal Kumar, President & Regional Head for India, APAC & MEA at ITC Infotech, shared his enthusiasm about supporting NAM India's transformative journey. He highlighted that their deep understanding of the financial services ecosystem, combined with strong technological capabilities, will meaningfully contribute to NAM India's vision of digital leadership.
The collaboration underscores ITC Infotech's established track record in transforming financial institutions through cutting-edge digital technologies, further solidifying its position as a trusted innovation partner driving sustainable growth in the Banking, Financial Services and Insurance (BFSI) sector.
