Kathmandu. InfoDevelopers Pvt. Ltd., Nepal’s leading software and fintech company, and One Point Financial Services, which leads state-of-the-art API technology, have entered into a strategic partnership. Under this collaboration, banks and financial institutions using the Pumori Core banking system will be provided integrated, secure and standard API services.
According to the partnership, the T2P and PDX systems currently in use in Pumori will be gradually replaced by an advanced version with API Manager.
OnePoint’s API Management System is currently used by more than 16 commercial banks and seven international banks in Nepal for digital payments and secure API integration. After this partnership, Pumori user banks and financial institutions will be able to expand e-banking, mobile banking, and automated banking services more effectively using the same advanced technology.
The collaboration is expected to accelerate service delivery, encourage innovation to cut operating costs, and make banks internationally competitive.
Commenting on the agreement, Praveen Subedi, CHIEF Executive Officer of InfoDevelopers Pvt. Ltd. said, “We consider this partnership as an important milestone in the digital journey of the Nepali banking sector. This will help banks and financial institutions to connect easily, safely and effectively with the latest technologies.
Pratap Shrestha, CHIEF Executive Officer of One Point Financial Services, said, “Our API system will help banks to make data-centric decisions and provide quick service. This partnership will further expand that impact. ’
Rabin Rana, Senior Manager of Pumori Core Banking System, Sulochana Laxmi Tuladhar, Manager Dilip Dawadi and Chief Technology Officer of One Point Financial Services Bikram Duwal were present on the occasion.
