Tag "BFSI"

SBI planting over 2300 cash recyclers with CMS

MUMBAI, INDIA: CMS Info Systems, a Cash Management and Payments Solutions Company, has won a contract

EY and CustomerXPs to prevent fraudulent transactions

BANGALORE, INDIA: EY and CustomerXPs has announced a new alliance to assist companies with the detection, prevention and management of fraudulent transactions and activities across multiple business lines within the banking industry. This strategic alliance brings the forensic expertise of

Insurers in BRICS region will spend more on IT this year

By : Soma Tah

USA: IDC Financial Insights reveals that global insurers will increase IT spending to almost US$101 billion in 2015, a year-on-year increase of 4.4% compared to 2014, with rigorous investments in technologies to boost efficiencies and innovation. Li-May Chew, CFA, associate research

Delivering a secure Internet and mobile banking experience

Christy Serrato There is a mobile transformation underway for today’s financial institutions. Major elements of this transformation include mobile authentication for online/Internet banking, and the deployment of mobile platforms that enable customers to conduct banking transactions anytime, anywhere. Key challenges

Mphasis and Aureus Analytics bring advanced predictive analytics

BANGALORE, INDIA: Mphasis has announced its partnership with Aureus Analytics to bring advance predictive analytics and big data solutions to insurance and banking players. The new solutions will focus on Customer Management, Risk and Operations and boost efficiencies by rapidly

InfiniNeo uses Push and Pull to operate SMS banking services

BANGALORE, INDIA: Solutions Infini, has launched InfiNeo a banking telecommunications platform for banks and financial institutions to build  SMS banking platform. InfiNeo is designed in a way to empower customers with the ability to select the type of information they

Banks can become agents of social transformation, says Modi

MUMBAI, INDIA: The Prime Minister, Narendra Modi had called upon banks to create one lakh “Swachhta Entrepreneurs” within a year, to make the “Swachh Bharat” vision a sustainable reality. The Prime Minister  on the occasion of the dedication of ICICI’s

Bank of South Pacific gets fraud-vigilant

NAPLES, USA: Bank of South Pacific Limited (BSP), a bank in Papua New Guinea and the South Pacific, has selected ACI Worldwide to power its fraud protection. BSP is using ACI Proactive Risk Manager for the monitoring of its debit cards

eScan: A new banking Trojan targets online bankers

BANGALORE, INDIA: eScan, Anti-Virus and Content Security Solution providers, warns users about online banking data theft. According to reports, a new banking Trojan named ‘Dyreza’ is targeting online bankers by stealing their credentials. This malware mainly targets customers of well-known financial

Protecting sensitive data is not the top security concern of e-comm businesses

BANGALORE, INDIA: Most people would imagine that protecting payment data would be the top priority for any business that deal primarily in online financial transactions. But according to a Kaspersky Lab survey of more than 3,900 IT professionals worldwide, Financial