Tag "BFSI"

Indian insurers to loosen strings for IT spends in 2016

MUMBAI, INDIA: Most Indian insurance companies expect to increase their IT budgets in 2016, and are

UAE Exchange injects TMS with new IT

MUMBAI, INDIA: UAE Exchange, a remittance, foreign exchange and payment solutions brand, has tied up with

Insurers unsure of digital risks?

MUMBAI, INDIA: Most property and casualty (P&C) and life insurers underestimate the disruption coming from future

What tech does to skills’-deposits in banking sector?

NEW DELHI, INDIA: The banking sector has seen increasing use of alternative channels, such as ATMs,

What’s driving the uptake of document management in BFSI

Cassio Vaquero The financial services industry is faced with unprecedented challenges on a day to day basis due to changing regulations, economic pressures, high customer expectation and constant data deluge. The pressure is on institutions to distinguish themselves through consistent,

Bank of India enhances security for card biz

MUMBAI, INDIA: Bank of India, has started Fraud Risk Management solution (FRM) for all its Card related business. The FRM solution will be managed by Worldline India, a subsidiary of Atos. Worldline India will provide the bank with a customized,

Citi to foster start-up growth through incubation program

BANGALORE, INDIA: Foreseeing a future with cashless ecosystem, Citi has fostered digital and mobile innovation in the banking, payments and e-commerce ecosystem, in collaboration with IBM, Wipro, Amazon and Microsoft Ventures. As a start, the Citi Mobile Challenge is open to start-ups,

CIB in Egypt gets sharp with Intellect

CHENNAI, INDIA: Intellect Design Arena Limited, a player in applying Digital Technologies across Banking & Insurance, announced that Commercial International Bank (CIB). a large private-sector bank in Egypt, has gone live with Intellect Custody Solution. The company says that with the unique web-based

CUNA Mutual Group picks Wynsure

NEW YORK, USA: Mphasis Wyde has implemented its Wynsure solution for CUNA Mutual Group, a provider of insurance to credit unions and their members. The solution will be initially implemented for the group, worksite, and individual products including life, disability

YES Bank starts mobile banking with IBM’s platform

BANGALORE, INDIA: YES Bank, has announced it has deployed IBM’s MobileFirst platform to support its move into Retail Banking and the Digital payments sector by offering new mobile apps and services that create more personalized and rewarding customer relationships. The

MFI player Ujjivan on DW and analytics road

BANGALORE, INDIA: Ujjivan has announced its engagement with IBM & Equifax on Data Warehousing, Business Intelligence (BI) & Analytics. As per a press update, it combines the data mining capability of IBM’s tool and Equifax’s industry knowledge & bureau data

Infosys to offer Finacle Solutions on cloud for U.S. Banks

BANGALORE, INDIA: Infosys, will now offer the Finacle suite of software solutions on Verizon Cloud. The fully integrated Finacle Core and Digital banking solutions, are now available in a Software-as-a-Service (SaaS) model for community financial institutions in the U.S. The Finacle

Hey BFSI, meet the latest trojan targeting your customers

MUMBAI, INDIA: The BFSI segment is perennially at risk. While the CISOs and the CIOs are scouting for solutions for the latest malware that has hit their network, a new Trojan named Dyre, is quickly making its mark as the

SAP to help banks and insurance cos enhance data analysis processes

BANGALORE, INDIA: SAP SE has announced a new foundational offering that aims to help financial services and insurance companies better manage their integrated risk and finance processes. The SAP Cost and Revenue Allocation for Financial Products application is expected to

Bank of Ceylon using some Intellect for India

CHENNAI, INDIA: Intellect Design Arena Ltd, a player in applying Digital Technologies across Banking & Insurance, announced that Bank of Ceylon (BOC), a foreign bank from Sri Lanka has chosen Intellect’s One Treasury Solution to drive end-to-end treasury management for their India operations.

Temenos to hire 700 in India for banking product development

By : Soma Tah

BANGALORE, INDIA: Geneva-based banking and financial solutions provider, Temenos has announced plans to increase its headcounts, to turn India its largest product development centre across the world. The company intends to hire 700 people over the next three years with experience

70pc in APAC still do not use mobile financial services

MUMBAI, INDIA: 70 percent of the respondents in APAC are not using mobile financial services, Amdocs unveiled in a new APAC survey. The survey identified security, ease of use, and the ability to use the service anywhere including online and

Wipro helps BFSIs cut costs with automated KYC

BANGALORE, INDIA: Wipro Ltd. today rolled out enterprise-Know Your Customer (e-KYC), an automation solution for global financial institutions, built on the company’s Artificial Intelligence platform Wipro HOLMES. Know Your Customer (KYC) is a business process to verify the identity of

SBI and Amazon to drive adoption of e and m commerce

NEW DELHI, INDIA: SBI and Amazon.in has signed a Memorandum of Understanding, identifying areas of cooperation to build a digital India which meets the aspirations of the next generation of customers and small businesses. SBI and Amazon.in will develop trusted

Indian banks and securities cos to spend 536bn on IT

BANGALORE, INDIA: Indian banking and securities companies will spend 536 billion rupees on IT products and services in 2015, an increase of 15 percent over 2014 revenue of 466 billion rupees, according to Gartner, Inc. This forecast includes spending by