Profile Overview
Name: Guru Murthy
Position: CEO
Company: Processware Systems (P) Ltd.
Location: Bangalore, Karnataka, India
Contact Information: [LinkedIn Profile](https://www.linkedin.com/in/guru-murthy-2b8a06)
Professional Summary:
Guru Murthy is an accomplished CEO with over 30 years of experience in the IT sector, specifically in software solutions for financial services, education, manufacturing, and aerospace industries. He is the founder of Processware Systems, a company renowned for its innovative software solutions, particularly in the BFSI (Banking, Financial Services, and Insurance) sector.
Educational Background
- Bachelor of Engineering from Bangalore University, 1982.
- M.S. in Computer Science and M.S. in Engineering Mechanics from Missouri University of Science and Technology, 1983-1985.
Career Milestones
- 1986-1990: Senior Research Scientist at Schlumberger.
- 1990-Present: Founded and continues to serve as CEO of Processware Systems (P) Ltd.
- 2006-Present: Advisor at Seventymm.
Company Overview
Processware Systems (P) Ltd.
- Founded: 1990
- Headquarters: Bangalore, Karnataka, India
- Industry: Information Technology and Services
- Website: [Processware Systems](https://processwaresystems.com/)
Core Offerings and Achievements:
1. BankSoft: A pioneering product introduced to co-operative banks in India. It has evolved from a Foxpro-based solution to a cloud-based system, facilitating digital transformation in the BFSI sector. Currently, BankSoft is used by over 500 customers worldwide.
2. Cloud-Based Core Banking Solutions: First company to offer in the financial sector since 2011, tested and benchmarked at 1790 Transactions Per Second (TPS) by IBM.
3. AI Innovations: In collaboration with IIM Bangalore and with a research grant from the Ministry of Electronics and Information Technology, Processware has developed AI models for predicting non-performing assets (NPAs) in financial institutions.
4. Customer Relations: Known for its exceptional customer support and annual customer engagement meetings for the past 18 years.
5. Recognition: multiple industry awards, including "The Ten Most Prominent BFSI Providers" and "The Thirty Most Valuable Tech Companies".
Key Professional Insights
1. Technological Leadership: Guru Murthy has demonstrated his ability to lead Processware through technological advancements, emphasizing AI, Big Data, Blockchain, Cloud Computing, IoT, and RPA.
2. Market Strategy: Guru Murthy is positioning Processware’s products for growth in Southeast Asia and Africa, citing market consolidation in India.
3. Predictive Analytics: Believes in the significant impact of AI and ML on the BFSI sector, specifically in credit appraisals and predictive analytics.
Professional Achievements and Vision
Fostering Innovation:
Guru Murthy's leadership has ensured that Processware Systems remains at the forefront of technology adoption. He emphasizes the importance of continuous learning, nimbleness, and addressing customer needs through innovative technology solutions.
Vision for Future Growth:
Processware is working on launching new products for the BFSI sector within the next 12-18 months, including a comprehensive digital lending platform and a data-intensive sales platform using AI (Data2Decision).
Advice to Entrepreneurs:
He advises budding entrepreneurs to focus on Indian problems, be nimble, and build robust tech teams to stay ahead in the market.
Testimonials
- Ravindra Goud, COO, PNG Microfinance Ltd: Lauds BankSoft’s role in reaching new customers and generating requisite MIS reports since 2008.
- L W Ellison Pidik, Managing Director, Kokopo Microfinance Limited: Values Processware's ability to produce operational reports enhancing decision-making capabilities.
Conclusion
Under Guru Murthy’s stewardship, Processware Systems has become a transformative force in the IT solutions space, particularly excelling in the financial sector with innovative products and exceptional customer support. His strategic vision and commitment to technology-drive solutions promise continued growth and industry leadership.
