Tag «banks»

Finastra launches Open Banking Readiness Index in Asia Pacific – the new framework for banks to stay ahead

Research shows that momentum for Open Banking is accelerating in Asia Pacific, with majority of banks expected to ramp up their capabilities by 2020 Hong Kong, October 30 2018 – Finastra today launched its Open Banking Readiness Index, providing for the first time a framework for banks in the Asia-Pacific region to assess their capabilities …

Mindtree Uses Artificial Intelligence and Machine Learning to Help Banks Across the Globe Reduce Risk and Improve Compliance


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Service offerings leverage machine learning platform Tookitaki, to enable banks to automate anti money laundering and reconciliation management   Bangalore (India) – August 7, 2018 – Mindtree, a global technology services and digital transformation company, guiding its clients to achieve faster business outcomes, is using artificial intelligence and machine learning technology to help banks improve their …

Banks and other financial institutions offer best avenue to combat human trafficking in Asia: LexisNexis Risk Solutions

HONG KONG, July 30, 2018 /PRNewswire/ — Banks and financial institutions across Asia are one of the most effective vehicles to identify and combat human trafficking in the region, according to Asia head of Financial Crime Compliance at LexisNexis Risk Solutions David Haynes, speaking today on World Day against Trafficking in Persons. The Global Slavery Index estimated …

Fintech companies and banks to collaborate on the future of digital payments to support growing consumer demand in Saudi Arabia

May 1, 2018 – The future of digital payments in Saudi Arabia will be the focus of discussions next week as Banks and Fintech companies collaborate on technology innovations that will transform the digital payment landscape to address the fast-paced change in consumer and business requirements for mobile banking, easy access to payments, real-time payments …

TransUnion CIBIL launches CreditVision® to enable banks to expand access to credit to many more consumers

The next-gen algorithms to enable credit access to an additional 15 lakh customers annually, with incremental retail assets of INR 68,858 crores at very low risk Mumbai, 31 May, 2017:  As the consumer credit industry continues to grow with increased demand fueled by the digital transformation in the market, TransUnion CIBIL today launched CreditVision® to …

Banking on the Banks? Think again. Rais Qureshi


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I started my business in 1996. And, from that day onwards, I have been grappling with a term called collateral security. I was shooed away from the first bank I had approached with a request for a loan as I did not have enough securities to offer them. Today, 20 years on, with an established …

Infosys Finacle-Efma research shows 78 percent of banks becoming more customer centric through reimagining banking practices

Digitization and Disruptive Technologies spurring Banks to invest in New Business Models   Bangalore– November 2, 2016 – Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), and Efma, a global not-for-profit organization today launched the eighth annual study of ‘Innovation in retail banking’. The research revealed that 77 percent of …

Gujarat NRE Coke Ltd allots shares to Banks

  Kolkata, 8th February 2016:  Gujarat NRE Coke Ltd (GNCL), on receipt of   requisite approvals,  has allotted 25,28,15,066 equity shares of Rs. 10/- each at Rs. 11.03 (including a premium of Rs. 1.03 per equity share) to State Bank of India, Tamilnad Mercantile Bank Limited and Syndicate Bank . These equity shares have been allotted …