ObserveNow’s CEO recently caught up with Jaskaran Singh Bhogal, Kiran Kumar and Ashok Kumar, Executive Directors and Co-Founders of Profinch Solutions, an emerging self-funded Fintech based in Bengaluru and spoke to them about Profinch’s journey and the way ahead. Profinch currently works with more than 55 banks across 30+ countries and employs close to 200 professionals. With offices in Bengaluru, Pune, Dubai, and Singapore, the company has ambitious growth plans and is looking at becoming a pioneer in the banking tech domain.
Edited Excerpts from the interview:
Jeet Sharma: Tell us about Profinch’ s journey so far and the way ahead.
The Start That Mattered.
It all started in 2014 when the three of us, having worked for over two decades each in tech giants like Oracle Financial Services decided to leverage our extensive experience and take a plunge out of the Corporate. What started as a casual conversation over coffee soon shaped up into Profinch – a company offering innovative technology solutions to banks.
Armed with an in-depth understanding of the banking world, we could identify gaps in the existing technology offering and sought to create solutions to plug some of these gaps. We flagged off our journey by becoming Oracle’s Solutions Partner, offering a suite of services for its Financial products/technologies. This entailed consulting solutions, supporting implementations, upgrades, migrations, customizations, and support of Oracle FLEXCUBE, Oracle Digital Banking Experience, Oracle Analytical Applications and Oracle Revenue Management and Billing solutions.
As we grew in scale and confidence, we augmented the suite of services and templatized some of the implementation methodologies and frameworks, helping us deliver faster and more efficiently. This in turn benefited our clients by empowering them with agile implementations, reduced operational costs, and increased efficiency.
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