Mastek venture bags U.S. deal

By agencies   |   Friday, 06 May 2005, 19:30 IST
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MUMBAI: Carretek LLC, a joint venture between Carreker Corporation and Mastek LtdÂ’s subsidiary Majesco Software Inc has won a multi year agreement with a U.S. based company to offshore select adjustments management functions. These functions include providing an image enabled automated adjustments process and providing enterprise wide managements of bank-to-bank adjustments, as well as customer service requests, Mastek said. A key aspect of the agreement is the development of unique processes and technology to process adjustments in near real time, to guard customer and company privacy and to comply with regulatory deadlines for processing timeliness, it said. With Carretek, client information is maintained onshore, while selected data entry and decisioning functions are provided offshore.