Singapore, July 2, 2012 -3i Infotech, a global provider of IT solutions and one of India's leading IT companies, along with its local partner QNX Solutions, Inc. (QSI), has been awarded a contract to license and implement its KASTLE™ Core Bankingsolution at the Philippine Postal Savings Bank, Inc., Philippines (PostalBank).

Founded in 1906, Philippine Postal Savings Bank, Inc. is a thrift and government depository bank established by the (now) Philippine Postal Corporation to mobilize savings and provide financial services, particularly access to credit, to the countryside. The Bank has a presence across the country, and offers a complete range of commercial and retail banking products and services. Its focus is on rural development especially in the "unbanked" areas of the country, providing financial assistance in such areas as the delivery of basic services, small and medium industries, infrastructure, small agricultural facilities, and community development projects.

PostalBank will be able to leverage Core Banking and make its internal processes more efficient and streamlined. The fully Web-based advanced architecture of Kastle™ Core Banking would provide the bank with the required flexibility in managing their operation spread across the country more efficiently.

PostalBank selected 3i Infotech after a comprehensive selection process, comprising of a stringent RFP evaluation which was keenly contested by leading core banking solution providers.

Mr. CESAR N. SARINO, President and CEO, Philippine Postal Savings Bank, Inc. said:"With the fast changing business environment, we were looking for an IT partner who would be able to provide us with best of the breed solutions for the our current and future requirements and also facilitate us in servicing our customers faster and better. We at PostalBank believe that this is a significant step towards modernization of our IT systems and we are confident that our collaboration with 3i Infotech and QSI will help us further accelerate our operational efficiencies, as they are fully aligned to fulfill our business requirements.

Mr. Sunil Mundhra, Senior Vice President, 3i Infotech Asia Pacific, said:"We are honored to have PostalBank, a highly reputed bank, as our client in the region. 3i Infotech has been constantly investing in developing solutions for the Philippines BFSI market.. With established banking and insurance clients in Philippines, this deal further strengthens 3i Infotech's position in Philippines banking sector. At 3i Infotech, we understand the dynamics and demanding nature of our clients' businesses and therefore look forward to supporting PostalBank in their efforts towards enhancing their services. With the in-depth understanding of Philippines Banking business and our strong global credentials, we will be glad to be an accelerator in helping PostalBank achieve their objectives."

Mr. Emmanuel Ramasola, Executive Vice President, QNX Solutions, said:"Philippine Postal Savings Bank's decision to replace its legacy IT systems infrastructure and embrace latest technologies will allow the bank to expand its business and at the same time lower its IT operating costs. We are happy to be given this opportunity to help the bank achieve its business objectives."

About 3i Infotech

3i Infotech ( www.3i-infotech.com) is a global Information Technology company committed toEmpowering Business Transformation.

A comprehensive set of IP based software solutions (20+), coupled with a wide range of IT services, uniquely positions the company to address the dynamic requirements of a variety of industry verticals, predominantly Banking, Insurance, Capital Markets, Asset & Wealth Management (BFSI). The company also provides solutions for other verticals such as Government, Manufacturing, Retail, Distribution, Telecom and Healthcare.

3i Infotech has over 1500 customers, including 71 in the Fortune 500 list, in more than 50 countries across 5 continents.

For more information, please contact:
Sanjay D'mello
Head - Corporate Marketing
3i Infotech Limited
Akruti Centre Point, 6th Floor
M.I.D.C Central Road
Next to Marol Telephone Exchange
Andheri (East), Mumbai - 400 093
India
Tel: 91-22-39145782
Fax: 91-22-39145520
Email: corporate@3i-infotech.com

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