Systems Integrator CMC LTD today said it is aggressively looking at core banking opportunities in the overseas markets, particularly Europe and the US. "We have set our eyes on marketing our end-to-end banking, financial services and Insurance (BFSI) solutions in US and Europe," Managing Director and CEO of CMC, R Ramanan told reporters here today.

Ramanan said the company was in talks with foreign banks and various stock exchanges for implementing its BFSI solutions but declined to name any of them. The bank has already provided its core banking application TC/4 to Bank of Bahrain. He said the company had also laid out a plan to market BFSI solutions in the Middle East, Africa and South-East Asian regions with specific emphasis on SAARC countries. The BFSI solutions market contributes nearly 55 per cent of the total revenue of CMC. The company's consolidated turnover for 2004-05 was around Rs. 814 crore. (PTI)