Apar Financial Services expands to India with focused service offerings for Indian Financial Markets

Apar FS service platforms address KYC Data, Payment Aggregation and Pre-paid Cards. End Quote

(1888PressRelease) November 21, 2011 - MUMBAI - Apar Financial Services (Apar FS), a global technology and business process services provider headquartered in Singapore, today announced the launch of its Indian operations based out of Mumbai. Apar FS would offer its successful, domain-rich IT services and solutions to empower Indian Banks and Financial Institutions to address the dynamic & growing market needs.

Apar FS' mainstream service platforms are driven by strong domain knowledge, solution accelerators and expertise in providing services, solutions and technology innovations to global financial firms. Headquartered in Singapore and with offices in Malaysia and Thailand, Apar FS has been providing technology and domain solutions to several nationalized and private Banks in India. Apar FS' versatile portfolio of services and solutions includes:

• Strategic Advisory Services - Business Transformation, Business Process Reengineering, IT Transformation, Project and Program Management
• Managed Services - KYC Data Services, Payments and Cards, Sales Performance, Islamic Finance Operations
• Outsourcing Services - Functional Testing, System Integration, BI and Data Management, Cloud Services, Managed Infrastructure, Mobile Financial Services, Application Outsourcing
"India operations would be strategic to support the group's business growth in Southeast Asia and Asia-Pacific," said Kushal Desai, Chairman, Apar FS. "Keeping business solutions robust and relevant continues to be a challenge in the financial services industry, as data grows in complexity and new regulations continue to be introduced to address financial market trends. The combination of our cutting edge solutions and deep domain expertise deliver comprehensive solutions to address our clients' ever changing needs."
Apar FS would offer the following high-value, strategic Managed Business Services to its Indian clients:
• KYC Data Services -Apar FS enables banks to service their clients based on their interaction levels and lifetime value; to proactively cross-sell and up-sell for increased customer wallet share; increase CASA deposits; and to offer life event services. The full spectrum services include data collection, validation and verification, data management and life event services leveraging the KYCStaC solution.
• Payment and Pre-paid Card Services - Apar FS offers premium Payment Aggregation Services through its Payment Services Hub (PSH), pre-paid and travel cards, and card advisory services.

About Apar Financial Services (www.aparfs.com)
Apar Financial Services (Apar FS) is a leading global provider of comprehensive end-to-end high value Strategic Advisory Services, Outsourcing Services, and Managed Services to banks and financial institutions. Apar FS offers a unique global delivery model of innovative, high-quality, value-added services that enable organizations to attain sustainable competitive advantage. Leveraging world-class delivery capabilities, deep domain expertise, solution and operational frameworks, technical talent, strategic partnerships, and growing client base, Apar FS has taken a leadership position in managing high value business processes for financial institutions.

Media contacts:
Sai Sudhakar Sudhakar Kondisetty
Tel: +65 6435 1961 Tel: +65 8500 2431
sais ( @ ) apar dot com sudhakar.kondisetty ( @ ) aparfs dot com

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