Global Launch of Appistoki
01/27/2012

: The newest IT venture in the Banking, Financial Services and Insurance (BFSI) space – Appistoki – has been launched to provide agile and flexible solutions to global institutions.
Appistoki has launched its services to help banks globally meet the gap in their service offerings using technology as a platform. According to Ritesh Srivastava, Co-Founder and Director, “Our focus is the bank’s customer and we want to ensure that the service levels of the bank are unparalleled with the effective use of technology. Our organization is geared up to deploy solutions that bring in efficiencies that ultimately benefit the customer”.

Online PR News – 27-January-2012 – – Appistoki launched
Appistoki focuses on banking technology and with its sights on the global market, promises quicker and flexible, customer focused deliveries
Bangalore, India, January 24, 2011: The newest IT venture in the Banking, Financial Services and Insurance (BFSI) space – Appistoki – has been launched to provide agile and flexible solutions to global institutions.
Appistoki has launched its services to help banks globally meet the gap in their service offerings using technology as a platform. According to Ritesh Srivastava, Co-Founder and Director, “Our focus is the bank’s customer and we want to ensure that the service levels of the bank are unparalleled with the effective use of technology. Our organization is geared up to deploy solutions that bring in efficiencies that ultimately benefit the customer”.
He added, “Customer loyalty now lies with the best in the market. Appistoki can leverage its vast domain knowledge in the BFSI sector to provide customised solution. We help customers skip long deployment processes and SLAs while achieving measurable and tangible results”.
Co-founders and Directors Ritesh Srivastava, Abhijeet Kulkarni and Sanjeeva Murthy have an illustrious track record and a combined experience of over 50 years in the field with a solid backing in Financial Services and Oracle technologies and solutions (Oracle Database, Oracle Applications, Engineered Systems, Enterprise Manager and more).
The keyword in transactions and services is now agility. There has been a gravitational shift worldwide to newer and more convenient technologies and solutions like mobile banking, cloud and bancassurance. Not only are these technologies and solutions faster and more customer-friendly, they enable banks to dramatically consolidate and rationalize IT costs. The global financial markets have realized the importance of better applications and faster transactions; IT spending is set to touch US$90 billion in 2015 (Source: Ovum).
Appistoki operates out of the UK, Australia, and India (Bangalore) and will service the global market.
About Appistoki
Appistoki is a Bangalore-based IT venture in the Banking, Financial Services and Insurance (BFSI) space aimed at providing agile and flexible solutions for customers in the BFSI sector. Appistoki offers services under the broad range of Consulting, Outsourcing and Resourcing, a number of solutions in popular and business-important technologies. The company also operates from its global offices in Australia and the UK.
Appistoki currently offers services under Consulting, Outsourcing and Resourcing. In addition, this banking technology focussed company can plan projects from start to finish with a solid grounding in technologies like Cloud, and the entire spectrum of Oracle Technologies. Adept in managing turnkey projects, Appistoki is well versed in Database, Identity Management, Middleware and other Oracle enterprise tools.
Following a client-focused Business Intelligence Practice, Appistoki provides solutions in OBIEE, Informatica, BusinessObjects, Cognos, MicroStrategy, SAS, and others, as well as insurance solutions in Oracle FLEXCUBE, OFSAA, OIPA, Insbridge, Siebel CRM, Temenos T24, SAP, Guidewire and more.
For more information, visit www.appistoki.com
Media Contact
Sanjeeva Murthy (Co-founder and Director)
Email: sanjeeva.murthy@appistoki.com Handphone: +91 98451 39022

Safe Harbour - Forward Looking Statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Appistoki has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Appistoki may, from time to time, make additional written and oral forward looking statements. Appistoki does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
All trademark names remain the property of their respective owners.
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