"Our mission is to Simplify financial solutions"

Established in 2005, IDEALINVENT has been providing innovative solutions for financial institutions over the past ten years. We are a technology products and solutions company with a focus on the consumer financial services sector.

With our B-SaaS™ (Banking Software as a service) offering which leverages our current suite of financial technology products, we wish to target digitally focused financial service providers. These providers include Innovative Retail Banking institutions, Marketplace lending platforms, Payment institutions, Card providers and Alternative financial service providers.

We combine our indepth financial services experience and innovation at our corporate sales and  center in Stockholm and Singapore with global delivery capacity in Vilnius and Bangalore, to deliver competitive and efficient solutions to our customers.


A wholly owned subsidiary, IDEALINVENT AB is based out of Stockholm, Sweden, and is our think tank and governance centre for the company. This centre also handles business development for the Northern Europe markets. 


UAB IDEALINVENT, a wholly owned subsidiary, is based out of Vilnius, Lithuania, and handles support for our entire European customer base. Our center in Vilnius will host our near shore support and delivery capabilities for Europe. It will also be our base to expand further into the Eastern European markets.


IDEALINVENT PTE is a wholly owned subsidiary based out of Singapore. It is the hub of IDEALINVENT’s expansion efforts in Asia-Pacific’s fast growing markets for banking technology modernization.


Executive Team

Premkumar Bhagwatsaran
Chief Executive Officer

Premkumar has over 20 years of experience within the banking sector. Starting his career with customer facing and operational roles at a leading Indian retail bank, he quickly progressed to the management level and subsequently chose to specialize in banking technology. Notable achievements include successful implementation of several Core banking transformation projects in India, Europe and the Nordics where he has lived for a number of years, as well as CRM/HNW Customer and Investment Portfolio projects in India.

As CEO of IDEALINVENT, Premkumar sees his role very clearly in establishing the company and its flagship product ConnectCoreTM as a leading player in the banking products and services market.


“IDEALINVENT consultants were committed to the assigned tasks and ready to go an extra mile to achieve project goals.”

“IDEALINVENT consultants are experts of banking products and related business processes, besides being technically sound. Their skills helped resolve many issues in the project and foresee any needed actions.”

-DNB Lithuania


Corporate profile

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"We deliver high quality products and services through well-defined processes and methodologies which create value for our customers. We are committed to exceeding customer expectations consistently and complying with statutory and regulatory requirements whilst continually improving our processes." 

IDEALINVENT is an ISO 9001:2008 company certified for "design, development, implementation, support and maintenance of software products".

As an organization delivering process-focused solutions, we have adopted a thought-to-finish, process-centric approach. The Quality framework will form the basis for continuous improvement and better productivity thus delivering more effective solutions to our customers.