All posts by banking

Shifting towards conversational interfaces

Reported by | Updated: January 15, 2021

Manu Lavanya, Director & Chief Operations Officer, Max Life Insurance, speaks about the strategy implemented towards driving the next phase of ‘Deep Digitization’ in the organization.    Mehul Dani: Can you take us through Max Life’s digital strategy? Please update us about usage patterns of digital platforms. Manu Lavanya: Max Life’s long-term digital strategy is […]

BI boosts Discovery, ML boosts Efficiency

Reported by | Updated: January 15, 2021

SBI General Insurance is implementing virtual desktops on the cloud to further facilitate remote working:  The social media presence of SBI General Insurance, a relatively young company in the general insurance domain, is pretty aggressive. According to P C Kandpal, MD & CEO, the company will continue advertisements on all possible platforms with the right media […]

Digital Payments Adoption India 2020

Reported by | Updated: January 15, 2021

The lockdown following the onset of the pandemic has altered how India pays, driven by lifestyle changes, says a study jointly carried out by NPCI and People Research on India’s Consumer Economy & Citizen Environment. “Across the spectrum, people were finding ways to live, work, transact and discovering the uses of digital transactions,” says the […]

SunTec study reveals 6 key trends in banking

Reported by | Updated: January 15, 2021

Relationship-based pricing and billing company SunTec has come out with a study that shows 6 key trends for the global banking and financial sector in 2021. The company has identified the trends its conversations with its banking and financial services customers located around the world. Nanda Kumar, Founder and CEO of SunTec Business Solutions, said […]

India Post Payments Bank, FSS partner to provide AePS service

Reported by | Updated: January 15, 2021

Financial Software and Systems, or FSS, said it is partnering with India Post Payments Bank to promote financial inclusion among underserved and unbanked segments. As part of the collaboration, the payments bank will use FSS’ Aadhaar Enabled Payment System (AePS) to deliver interoperable and affordable doorstep banking services to customers across India. FSS’ AePS solution […]

Citi ties up with Volante for ISO 20022 migration globally

Reported by | Updated: January 15, 2021

Citibank’s Citi Treasury and Trade Solutions and cloud payments and financial messaging services provider Volante Technologies are reinforcing their pay relationship to accelerate the bank’s adoption of the ISO 20022 financial messaging standard across its global payments operations. With this collaboration, Citi will be the first Volante customer to offer a unified approach to ISO […]

SBI, Indian Oil introduced contactless RuPay debit card

Reported by | Updated: January 15, 2021

A new RuPay co-branded debit card has been introduced in the market. State Bank of India and oil retailer Indian Oil Corporation are joining hands to bring the SBI-Indian Oil Co-branded RuPay debit card, which was launched on the new year by SBI Chairman Dinesh Kumar Khara and Indian Oil Chairman Shrikant Madhav Vaidya. The […]

Universal Sompo ties up with J&K Finance Corp

Reported by | Updated: January 15, 2021

Universal Sompo General Insurance Company has tied up with Jammu & Kashmir and Ladakh Finance Corporation to offer comprehensive insurance cover at competitive prices to its customers. The Corporation provides financial assistance to industrial enterprises in the state, especially SMEs. Rajesh Kumar Shavan, MD of the Corporation said the partnership with Universal Sompo will add […]

Covid provides push for insurance through online platforms

Reported by | Updated: January 15, 2021

A study by reinsurance major Swiss Re has brought out that supportive government policies and a covid-enforced spike in digital activity are pushing consumers and their insurance needs online and that the growing presence of e-commerce and digital wallet apps presents opportunities for innovative partnerships between insurers and digital platforms to bridge the $369 billion […]

Mashreq may shift staff to cheaper centers outside UAE

Reported by | Updated: January 9, 2021

Dubai’s Mashreqbank plans to move nearly half of its employees to cheaper locations and allow some others to work from home as part of a reorganization plan. However, the plan will not affect the bank’s Emirati staff. The oldest privately owned bank in the United Arab Emirates told its employees it will be shifting jobs […]

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