All posts by banking

CISOs believe banned apps posed real security threats

Reported by | Updated: October 15, 2020

The banned apps could have been used for surreptitious activities: When the Indian government on 29 June banned 59 apps of Chinese origin, including the highly popular TikTok, UC Browser, Weibo, and WeChat, the explanation given by the Ministry of Electronics and Information Technology was that it had received “many complaints from various sources, including […]

McKinsey Global Payments Report: The accelerating winds of change in global payments

Reported by | Updated: October 15, 2020

Foreword  The public health crisis triggered by COVID-19 has had an impact on nearly all aspects of daily life for people across the globe and has put the world economy on an uncertain footing. For the payments industry, the pandemic and its consequences have accelerated a series of existing trends in both consumer and business […]

Digital skilling is the foremost priority

Reported by | Updated: October 14, 2020

Capri Global Capital will leverage business intelligence, ETL, automation tools and low code platforms to meet customer needs: Capri Global Capital, which has a robust understanding of the rural as well as urban markets, has modernized its business by adopting digital capabilities. As modernization is going to continue to drive strategic business change, the company […]

Kodak Alaris adds 3 new remote services

Reported by | Updated: October 14, 2020

Kodak Alaris is expanding its remote service offerings with 3 new monitoring as service tools that deliver cloud-based device management and optimize scanner performance. The new MPS Capture Agent, Scanner Manager and Scanner Finder Tool from Kodak Alaris enable channel partners to deliver added customer value by allowing scanners from Kodak Alaris to be seamlessly […]

NEC to acquire Avaloq

Reported by | Updated: October 14, 2020

Avaloq, Switzerland-based digital banking solutions, core banking software, and wealth management technology, said it has been acquired by Japanese NEC Corporation. The 2 companies are market leaders in their own fields.  Avaloq provides powerful cloud solutions for banks and wealth managers around the globe through the business process as a service (BPaaS) and software as […]

StanChart to open 200 Vision Centers in India

Reported by | Updated: October 14, 2020

These vision centers, which will offer eye care services, will be set up with leading partners operating in this segment, across 8 states under the “Seeing is Believing by Standard Chartered” initiative. This will include 58 futuristic vision centers, which will help strengthen the teleophthalmology system and clinical evaluation; aid early detection of complex conditions; […]

Capital Float touches 1 million customers

Reported by | Updated: October 14, 2020

Capital Float, a leading digital financial services player, said it has crossed ‘1 Million Lifetime Customers’. The company said that it has disbursed over $1.2 billion (Rs 90 billion) to date to its MSME and retail customers spread across 300 cities in India. Since the onset of covid, the company has seen demand surge for […]

RBI reminder on using digital platforms

Reported by | Updated: October 14, 2020

The Reserve Bank of India has reminded banks and NBFCs in the light of these institutions increasingly resorting to digital platforms for providing loans that they must note that outsourcing of any activity by them does not diminish their obligations, as the onus of compliance with regulatory instructions rests solely with them. The central bank […]

Sibos 2020 goes totally digital, online

Reported by | Updated: October 14, 2020

The world should have prepared for the covid pandemic, but unfortunately, it was not, said Jamie Dimon, CEO of JPMorgan, while giving a keynote address at the fully digital and online Sibos 2020. He said: “I’m not blaming any administration, but the world was unprepared.” And added: “We prepare for things like pandemics, closedowns, and […]

Digital skilling is the foremost priority

Reported by | Updated: October 12, 2020

Capri Global Capital will leverage business intelligence, ETL, automation tools, and low code platforms to meet customer needs: Capri Global Capital, which has a robust understanding of the rural as well as urban markets, has modernized its business by adopting digital capabilities. As modernization is going to continue to drive strategic business change, the company […]

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