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25 Most Promising Financial Technology Solution Providers

Attra: Improving IT Implementation Practices in the Banking, Finance and Payments

The financial services industry has created a global presence by being increasingly responsive to the dynamic business needs. As it turns into a significant source of newer products and delivery channels, the need to solve all its IT challenges becomes critical. It is something that puts the focus back on how efficiently we take technology decisions. The expertise of one company that has helped identify any compliance and technology gaps is Attra, a high end consulting company assisting large banks and financial institutions in Australia and New Zealand. Attra was founded by Anil Gammampila in 1995, a tech wizard and a veteran in Banking and Finance Information Technology space.

As a global IT services company in the Banking and Finance segment, Attra has acquired a unique recognition throughout the industry for building efficient solutions and providing exceptional value. The company has developed end to end expertise on multiple banking platforms with high end domain experience. After having formed successful alliances with leading organizations in Australia and New Zealand, Attra ventured into the rest of the Asia-pacific region. A development centre was established in Bangalore and around that time Prasad Guntupalli joined the organization as a Co-founder and CEO.

One of Attra’s hallmark is to help organizations follow a standard 4 phase delivery lifecycle comprising of Initiate, Define, Execute and Close

Prasad has been a dedicated industry leader known for finding ways to improve business processes. Under Prasad’s stewardship, Attra has earned continued success and a wider footprint in the BFSI Industry. The company now operates in the European, American, Asian, Middle Eastern & Africa, and Australian markets. It is a dominant player in the banking space providing Advisory & Consulting Service, Application Management, Independent Testing and System Transformation & Integration Services. With its diverse range of IT services, the company has significantly increased quality in the areas of cards & loans, transaction switching, fraud management, core banking, as well as commercial and retail lending.

Attra has been appraised at CMMI Maturity Level 5 with an enterprise wide PCI DSS certification. Umesh Rajmane, President & Global Head of Delivery, Attra quite aptly explains the company’s determination to understand and work for a client’s unique business needs, “In order to continue innovation in the space that Attra operates in, we have invested heavily in automation building artefacts that reduce the need for manual testing services thus increasing productivity and optimizing cost.” Umesh is himself a firm believer of frugal Innovation and excellence in service.

Attra has executed multiple projects in portfolio consolidation, upgrading IT applications and integrating disparate set of applications for the bank’s enterprise architecture. One of Attra’s hallmark is to help organizations follow a standard 4 phase delivery lifecycle comprising of Initiate, Define, Execute and Close. In 2012, the company was felicitated by NASSCOM for reaching specific revenue numbers. NASSCOM also awarded the firm as ‘Emerge 50 Leaders’ in 2009.

Reflecting on the company’s long and success filled journey, Umesh concludes the discussion, “As a company that was founded in Melbourne, our connection with customers in the ANZ geography continues to remain strong. We have since expanded our footprint in the Middle East, South East Asia, African and Indian geographies serving banks, payment processors and financial institutions alike. Our recent foray in the US and the EU has yielded a positive outcome with multiple large customers that we serve today.”