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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 […]

Multiple threats escalate data protection costs

Reported by | Updated: December 2, 2020

IBM Security has recently come out with a report, titled ‘Cost of a Data Breach’, outlining the financial implications of a data breach. The survey conducted for the report finds that 70% of businesses that adopted WFH because of the pandemic, expect the costs of breaches to increase as the world shifts to remote working […]

Yes Bank introduces SMS Pay functionality on POS machines

Reported by | Updated: November 30, 2020

Yes Bank has launched the SMS Pay functionality on POS terminals in partnership with Worldline. This enables merchants to accept contactless and remote payments from their customers. SMS Pay is a step towards facilitating merchants to accept remote payments on their POS machines and enabling their customers to transact safely from the comfort of their […]

Data: Technology cost falling, Human cost rising

Reported by | Updated: November 27, 2020

Data that is incomplete, incorrect, poorly segmented, or miscategorized is a disaster. It foils timely operational action, good customer service, and implementing strategies. A rough estimate is that bad data costs companies as much as 15% to 25% of their revenue. Getting high-quality data, running it through appropriate analytics tools, and applying the resultant insights […]

Multiple options drive down data storage costs

Reported by | Updated: November 27, 2020

It is a fact that the cost of hard drives is falling rapidly and the capacity is rising even faster. But is data storage really cheap? Developments in data storage have been amazing like Seagate producing 48 terabyte HAMR hard disk drives and Sony already selling quad-layer Blu-Ray disks with a capacity of 128GB. However, […]

Data getting cheaper, but information is costly

Reported by | Updated: November 26, 2020

Data acquisition today is a crucial factor for any industry sector to flourish, especially so for the financial services sector. Data and analytics, therefore, play a critical role in this, and management of data therefore becomes increasingly important. And the availability of data is also a major factor in acquiring customers. It is not just […]

TCS to buy Deutsche Bank tech subsidiary

Reported by | Updated: November 11, 2020

Tata Consultancy Services is to acquire Deutsche Bank’s technology services business. The company’s unit Tata Consultancy Services Netherlands will acquire 100% of the shares of Postbank Systems from Deutsche Bank at a consideration of 1 euro. The Bonn-based Postbank Systems is a full-range captive IT service provider offering project management, application management, and infra management […]

WhatsApp gets okay for payments service

Reported by | Updated: November 11, 2020

WhatsApp gets okay for payments service The National Payments Corporation of India has given its permission to WhatsApp to launch its services on the United Payments Interface (UPI). The NPCI permission means that WhatsApp can expand its UPI base in a graded manner starting with a maximum number of registered users at 20 million. WhatsApp […]

Kotak Bank enables Google Pay

Reported by | Updated: October 22, 2020

Kotak Mahindra Bank said its Visa debit and credit cardholders can now make payments via Google Pay mobile app. Using tokenization, the customers can now link their Kotak debit and/or credit card to Google Pay and then seamlessly and securely digitally transact using their mobile phones across different payment platforms. Not only is this process […]

THINK SIMPLE, THINK DIFFERENT

Reported by | Updated: July 29, 2020

A product revolution could be brewing in the insurance sector: Insurance has always been a tough product to manufacture (underwrite) and a tough product to sell. But there is a glimmer of change on the horizon, in the form of parametric insurance. How is it different? Fundamentally, it is a contract that insures a policyholder […]

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