Homegrown BPM services provider signs agreement with ICICI Prudential Mutual Funds

One Point One Solutions Limited, a homegrown provider of technology-enabled business process management (BPM) services, has informed exchanges about a new client-win and ramp-up of business with payment solutions provider RazorPay.

According to an exchange filing, the company has signed a new agreement with ICICI Prudential Mutual Funds. 

"Under the terms of the agreement, One Point One Solutions will provide the Asset Management Company with services of Activation and Renewals of SIPs," the company said in an exchange filing.

As far as the agreement with RazorPay is concerned, the company has been entrusted to manage the end-to-end merchant origination and servicing with the expansion of its operational capacity to 160+ seats from 7 seats. 

"Under the terms of this strategic alliance, One Point One Solutions is entrusted with the management of end-to-end merchant origination and servicing through its Bengaluru Delivery Center, marking a pivotal moment in the company's evolution," the filing reads. 

Meanwhile, the Indian stock market gears up for a cautious opening on Friday, as the aftermath of high inflation and deferred rate cut expectations in the US market. On Wednesday US markets tumbled after inflation data delayed rate cuts hopes beyond June.

The US stocks fell sharply on Wednesday after hotter-than-expected inflation numbers. The Dow Jones Industrial Average was down about 423 points, or 1.1 per cent to 38,461.51. The S&P 500 was down nearly 1 per cent to 5,160.64. The Nasdaq Composite closed 0.8 per cent down at 16,170.36 on Wednesday.