Published August 2021.
In August 2021, Acies and Jackstien International — then registered as Jackstien Practices & Consulting International LLP — announced a joint venture to service the increasing technology needs of the BFSI sector, which spends upwards of INR 75,000 crore annually, a figure that will spike as the sector rises to the challenges posed by FinTech. The venture now trades as Affinisio Technologies LLP.
Affinisio Technologies LLP is a joint venture between Acies LLP and Jackstien International LLP.
The venture was formed to build high quality systems, intelligently designed by industry stalwarts to surpass international best practices, demonstrating how technology platforms can be expertly and thoughtfully designed to revamp operational management and control, decision making, regulatory compliance, market risks, customer experience and cost of operations. It is led by Nishant Shah.
Quotes from the article
This venture allows us deliver on our goal of helping deliver high quality technology transformation in a cost effective and sustainable manner. Working with Jackstien helps bring together decades of international experience and expertise with cutting-edge technology to transform the enterprise technology landscape in the Financial Services industry.
Muzammil Patel, then Global Head Strategy and Corporate Finance at Acies, now its Chief Executive Officer
Over the years across the industry, I have seen systems convert their users into near-hostages. We intend to return power to the users alongside longevity, flexibility and, above all, thoughtful quality.
The solutions and applications we will bring to the market over the next few months will merge controls with innovation, accommodate tomorrow’s changes, promote high standards of governance in regulated entities, bring down cost of control and compliance and enhance operational efficacy.
Nishant Shah, Managing Partner, Jackstien International
The parties
Affinisio Technologies LLP builds technology applications and platforms for regulated financial institutions. More at affinis.io.
Acies is a multi-national firm comprising businesses focused on providing technology applications and platforms, consulting, content and learning and development solutions, and strategic investments. It is headquartered in India and has offices and entities in Singapore, Malaysia, Mauritius and the United States.
Jackstien International LLP is a risk management consulting practice working with banks, NBFCs, market intermediaries and other institutions regulated by the RBI and SEBI. More on the About Us page.
