Agile Financial Technologies (Agile FT), set up by seasoned financial management software professionals, has launched its operations from its offices in the Business Central Towers at Dubai Internet City to handle its EMEA business.

Agile FT is in the process of setting up a back office services set up in SAIF Zone and its associated Business Process Outsourcing (BPO) company in Dubai Outsource Zone.

The company's portfolio of products and services are a result of mergers and acquisition of leading software technology companies that offered products and solutions including BPO and Knowledge Process Outsourcing (KPO) for the banking, financial services and insurance (BFSI) sector.

"We are uniquely structured to offer a blend of software applications and services as one integrated offering," said Kalpesh Desai, CEO for Agile Financial Technologies. "The UAE is a great hub, logistically and in terms of economic fundamentals, to enable us manage our immediate markets that include emerging countries in Europe, Central Asia, Middle East & Africa. Over the next quarter, we plan to finalise 37 channel partnerships in strategic markets that we have researched and desire to have a presence in."

Agile Financial Technologies' unique capability ensures that it not only offer the application software that runs the core businesses of Asset (investment) Management, Insurance (Non-life, Life and Takaful) and Finance companies; but also has the capability to outsource the back-office accounting and analytical processes, transaction processing, reconciliation and infrastructure.

Says Desai, "We have experienced the influx of Software As A Service (SaaS), as a successful delivery model, over the past 5 years in the enterprise space. We believe financial institutions in the current economic context will be the demand for a delivery model that will require application software vendors servicing the space to offer Everything As A Service, and we at Agile FT are well poised to meet that expectation".

Considering the recent events in the banking and financial services sector, Agile FT has launched iDEAL Liquidity Management that is targeted towards banks, finance or lending houses, asset management firms, real estate companies or large corporates who leverage long term borrowings like Sukooks, debt instruments and convertibles to fund their businesses.

The application provides for a holistic view of an institution's liquidity position by enabling the management of short and long term borrowings (debt instruments, Sukooks, other liabilities) leveraged against assets and cash flows.

The application also has an optional analytical engine that provides for ALM (Asset-Liability Management), that can pull in data from 3rd party applications or Agile's own iDEAL Fund Management solution that manages the asset side of the institution's business.

Agile FT has also launched AGILIS Insurance Management, which services the core business of Life, Non-Life and Takaful companies.

Agilis is web-based, can be deployed over multiple jurisdictions and time zones and covers underwriting, claims, re-insurance, back office accounting and investment management. Agilis' First Degree allows insurance companies to extend their services online to their clients, agents and brokers using the web as a medium.

Agile FT's software applications are used extensively by leading financial institutions in India, ME & South East Asia.

About Agile Financial Technologies

Agile FT was formed by the coming together of seasoned industry professionals who envisioned the creation of an unparalleled enterprise that would be an agile technology partner to leading players in the BFSI (Banking, Financial Services or Insurance) sector.

This resulted in the amalgamation of strategic technology companies in the space of software solutions, technology services, Business Process Outsourcing and Knowledge Process Outsourcing.