National, February 9, 2018 : Atos, a global leader in digital transformation, has been selected by ESA, the European Space Agency, to deliver and operate Copernicus Data and Information Access Services (DIAS). The DIAS will combine real-time geo data from Copernicus, the world’s largest single Earth Observation program, with data from multiple sources and turn it into information products for companies in sectors such as manufacturing, insurance, utilities, agriculture, forestry, urbanism and emergency services.

For example, it can help:

• Scientists understand the impact of climate change,
• Governments and cities better manage and anticipate urban development,
• Oil and gas companies evaluate and manage risk,
• Farmers better manage their crops and yield.

Open platform for innovation

On behalf of the European Commission and the European Space Agency, Atos will lead a newly-created consortium, composed of DLR, e-Geos, EOX, GAF, Sinergise, Spacemetric, Thales Alenia Space and T-Systems.

Atos will be responsible for integrating, delivering and operating the Cloud platform which will integrate specialized data sources. This new platform will make the data from the European Union constellation of Sentinel satellites and from data providers, more accessible. This will make it possible for third parties (industrial players, institutions such as national space agencies, SMEs and start-ups) to build innovative business services based on satellite data. Atos, with its partners, will build and commercialize the new services.

Atos’ technology and expertise combined with those of its partners will bring speed, flexibility and robustness to the platform which is capable of handling vast amounts of data in different formats.

The Atos Codex portfolio of data services will provide DIAS with analytics and cognitive capabilities to turn raw satellite data into valuable insights for several industries.

Key value for society

Providing new services that integrate accurate and real-time information from satellites offers the following major advantages:

• Greater understanding of how our planet functions– key earth observation and remote sensing data is increasingly valuable to understand the functioning of our planet and ecosystems.
• Faster prediction– combining and processing large volumes of complex data from multiple sources can produce unique insights in near real-time.
• Improved decision-making– organizations can now easily integrate earth observation data into their business value chains providing insights that have not previously been within reach.

Stéphane Janichewski, Head of Defence & Aerospace Market at Atos concludes:

“We have spent several years investing in this offering in order to help scientific organizations, public organizations and enterprises of all sizes benefit from combining large volumes of Earth Observation data with third party data sources. We see immense opportunities to address some of society’s greatest challenges such as wildlife protection, climate change or resource scarcity.”

According to the European Association of Remote Sensing Companies (EARSC), which brings together professionals in the sector, the market for services based on Earth observation data is expected to grow by 10% to 15%[1] over the next few years, with multiplication of innovative services in many areas.

The platform will be available to customers worldwide in June 2018.

About Atos

Atos is a global leader in digital transformation with approximately 100,000 employees in 72 countries and annual revenue of around € 12 billion. European number one in Big Data, Cybersecurity, High Performance Computing and Digital Workplace, the Group provides Cloud services, Infrastructure & Data Management, Business & Platform solutions, as well as transactional services through Worldline, the European leader in the payment industry. With its cutting-edge technologies, digital expertise and industry knowledge, Atos supports the digital transformation of its clients across various business sectors: Defense, Financial Services, Health, Manufacturing, Media, Energy & Utilities, Public sector, Retail, Telecommunications and Transportation. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and operates under the brands Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify and Worldline. Atos SE (Societas Europaea) is listed on the CAC40 Paris stock index.

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LONDON, 13 June 17 – Millions more children could end up getting an education, when Opportunity International (OI) shares its experience and data on education microfinance, enabling others to invest in education.

With 263 million children out of school, banks and other financial institutions have been reluctant to lend into developing countries’ education because – in their view – of the small margins and high risks.

But with backing from philanthropists, donors, and impact investors, OI’s EduFinance (OEF) programme has been running counter to this trend, helping children to access affordable private education by lending to schools and to parents. To date, it has helped 2 million children access quality education.

The non-profit organization currently works with 12 microfinance institutions in ten countries and its education loan portfolio is growing rapidly, almost quadrupling since the end of 2012. It now wants to accelerate this progress by working with more financial institutions.

“We want to be an industry catalyst for affordable education, and to be truly transformational we need to persuade more players to invest into this sector,” said Nathan Byrd, who runs the OEF programme.

“That is why we are planning to share the enormous amounts of data that we have gathered, helping others to measure risk extremely accurately and to reduce that risk almost to zero,” he said.

At the end of March 2017, the OEF total active portfolio consisted of nearly 45,000 loans worth just over US$21.4 million and benefitting nearly 450,000 children. Repayment rates on its loans are more than 99 percent.

“In a very real sense, we are filling the ‘missing middle’ by which medium-sized financial institutions fail to lend into this market, put off by small margins and government regulation,” he said.

“This is a major market failure, which we simply have to correct,” he said. “Education holds the keys to poverty reduction for literally millions of families around the world.”

At the end of 2016 OEF was given grant funding to build the first open-platform credit model for education lending, developed initially for Uganda.  The platform will offer automated credit algorithms, so that others can minimize the risks of lending into the education sector, allowing banks to go rapidly and effectively to scale with their education lending.

• Education is one of the most effective routes to exit poverty. If we want to reduce poverty and inequality around the world, we must increase access to education, which also contributes to better health, political stability, and economic growth. Despite this, some 263 million children are currently out of school. The reasons for this are complex, but they are at least partly about a lack of resources. Governments and donors are unable to cover all the gaps.
• Opportunity International (OI) (http://opportunity.org.uk/) is a non-profit microfinance organization, working in the education sector since 2007, pioneering new solutions through its education microfinance programme, known as EduFinance (OEF) (http://edufinance.org/).
• OEF currently works with 12 microfinance institutions in ten countries, channeling small amounts of money to large numbers of schools and parents. These loans allow schools to build more capacity and teach more children. Loans also allow parents to send their children to low cost private schools.
• Demand for these services is high. Since taking this work to scale in 2013, OEF has impacted more than 2 million children in ten countries so far (http://edufinance.org/news/2017/education-finance-reaches-2-million-children).
• Microfinance is efficient and effective. It could also be transformative. (http://edufinance.org/blog/2017/05/g7-statement-education-needs-more-resources-microfinance-can-help)
• In the long-run, OEF aims to demonstrate that microfinance can be commercially self-sustaining and therefore to attract more private money to the sector. By attracting more private money to the sector, it will help to close the funding gap.
• As a non-profit organisation, OEF’s singular objective is to enable people to lift themselves out of poverty and disadvantage. OI does not impose any religious or ideological agenda.
• Nathan Byrd joined OI in May 2012. Prior to that, he directed operations for the International Rescue Committee in Kabul, Afghanistan, where he was responsible for a budget of US$21.5 million. A US citizen, he studied at the Thunderbird School of Global Management, Indiana University, Saint Louis University, and the Cornell University College of Engineering (http://edufinance.org/who-we-are/edufinance-team/nathan-byrd).

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• Idea Money’s Retailer Assisted Model (RAM) will assist mobile phone users to access and book OYO’s budget hotels
• Users can book standardized, affordable stays offered by OYO across 200 Indian cities

Mumbai, June 6th, 2017: Idea Money, the instant, safe and secure digital wallet service from Idea Cellular, today announced an exclusive partnership with India’s largest hospitality company OYO to offer standardized affordable stays through its Retailer Assisted Model (RAM) via Idea Money retailers. The partnership aims to support Idea Money customers with limited or no internet access, to book hotels online with OYO at their nearest Idea Money Retail store.

This collaboration will allow users to seamlessly book an OYO across 200 cities in India for their leisure, pilgrimage and business travel needs. Every OYO comes with a promise of air-conditioned, spacious rooms, free WiFi, complimentary breakfast and round the clock customer care. Idea’s network coupled with OYO’s network spread ensures that this collaboration benefits both retailers and end customers.

Leveraging OYO’s presence across 7000+ hotels in 200 cities, the Idea Money Retailer Assisted Model (RAM) will enable Idea Money retailers to access OYO and assist customers to view, select and book hotels online at a pocket-friendly cost. Customers will have access to multiple choices in the standardized hotels that OYO offers across the country.

Additionally, Idea Money through its Retailer Assisted Model (RAM) and a network of 2 million Idea retailers will enable OYO to extend its standardized offerings to Tier 3 and Tier 4 markets. The digital wallet service is currently being offered by IMCSL (Idea M-Commerce Services Ltd), a subsidiary of Idea Cellular.

Commenting on the partnership, Mr. Sudhakar Ramasubramanian, Designate CEO, Aditya Birla Idea Payments Bank said “We are happy to partner with OYO and add yet another service offering to our portfolio under the Idea Money Retailer Assisted Model (RAM). This partnership is aimed at simplifying the hotel booking process for our customers and bring more online services to our offline customers. With this partnership, Idea Money through its RAM model, further empowers its retailers by providing a comprehensive suite of offerings that help the customer enjoy a delightful experience at all times.”

Commenting on the partnership, Mr. Abhinav Sinha, COO – OYO, said “Our mission is to provide a hassle-free stay experience to customers wherever they may want to travel. Our network is spread across 200 cities including all major metros, regional commercial hubs, leisure destinations, and key pilgrimage towns, serving a variety of travel needs. With this partnership with Idea Money, we will further extend our offerings to the offline customer base in Tier 3 and 4 towns. We look forward to a successful collaboration.”

About OYO:

Founded in 2013, OYO is today India’s largest hospitality company operating 7000 hotels and 70,000 rooms in more than 200 Indian cities. These include major metros, regional hubs, top leisure destinations as well as pilgrimage towns. OYO is also present in Malaysia and Nepal.  In January 2017, OYO launched Townhouse – a managed hotel-brand designed to function as social hotspots to cater to city dwellers and a new generation of guests.

OYO was recently chosen as India’s Most Promising Hotel Network (HolidayIQ Better Holiday Awards 2017) and has received several accolades such as Express IT Startup of the Year Award (2015), NDTV Dream Chaser of the Year (2016) and IAMAI Digital Startup of the Year (2016). It was recognized by Business Today as among the Coolest Startups in India (2016) and has been ranked by LinkedIn as one of the top employee attractors in India two years in a row (2016, 2017). OYO is backed by leading global investors, including the SoftBank Group, Greenoak Capital, Sequoia Capital and Lightspeed India.

For more information, log on to: https://www.oyorooms.com/

About Idea Money:

Idea Money is an instant, safe and secure digital wallet service used to transfer money to bank account (IMPS & NEFT), pay bills, recharges, DMR, Person to Person money transfer and merchant payments. It is a one-stop solution for all of the customer’s payment needs. The digital wallet service is currently being offered by IMCSL (Idea M-Commerce Services Ltd.), a subsidiary of Idea Cellular. Idea Money is operational on self–assisted as well as retailer assisted modes across USSD, website and Mobile App Channels. Idea Money wallet is not necessarily dependent on smartphone/data usage and can be used by feature phone customers as well, through USSD or assisted mode. The service is now available in 17 Circles across the country.

For more information, log on to: https://www.ideamoney.in/

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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 expand the eligible consumer base and drive access to finance for many more deserving consumers. CreditVision^® is a transformational way of looking at the past credit behavior of a consumer. CreditVision^® algorithms predict risk and expand credit opportunities by intensively studying the trended data that unlocks the patterns in payment, exposure and spend behavior. These algorithms, which are based on the past 36 months of trended data, enable identification of comprehensive and specific customer behavior and are delivered in an easily usable and quantitative format to enable financial institutions to use these customer insights for making more precise lending decisions. This would pave way for possibilities to expand the retail credit market and promote access to cheaper, easier and faster credit opportunities, which is a major aspect of financial inclusion in this digital age.

TransUnion CIBIL’s analysis of consumer credit demand and behavior using CreditVision^®, shows that it could enable credit access to an incremental 15 lakh borrowers every year without compromising on risk. In addition, the algorithms have identified another 20 lakh borrowers who currently have access to banking credit, but would be eligible for higher lines of credit or higher loan-to-value.

With CreditVision^®, TransUnion CIBIL aims to partner with credit institutions to provide insights beyond the CIBIL Score and help understand the nuances of consumer credit behavior thereby supporting them to better gauge the risk profile and provide credit to many more deserving borrowers.

Speaking at the CreditVision^® launch, the Managing Director and CEO of TransUnion CIBIL- Mr. Satish Pillai said, “Financial inclusion and credit penetration are the keystones of propelling India on a sustainable high growth trajectory. With the launch of CreditVision^® in India, we reinstate our commitment in supporting our member institutions on driving profitable business growth and credit penetration by providing credit access to many more deserving consumers. These new age CreditVision^® algorithms are a definite game changer for the credit industry which will enable phenomenal market expansion while helping define lending strategy for a growing nation on a digital path like ours.”

CreditVision^® may be the much needed tool for Indian credit sector which is burdened with recognized NPA and stressed assets amounting to almost 15% of their total asset. With the exception of Micro Small and Medium Enterprises (MSMEs), most sectors of commercial lending, which forms the bulk of banking assets, are showing low single digit credit growth. Retail credit, which benefitted from disciplined information and analytics driven decisioning, has grown substantially at low delinquency rates and is justifiably looked upon as a savior for Indian banking. However, overenthusiastic lending can also make retail borrowers over leverage, such as the case in 2008 and CreditVision^® will help mitigate these challenges and expand the Indian credit market while keeping delinquency in check. This will enable banks to grow profitably, even on a risk adjusted basis, in the retail space.

Banks and credit institutions in India are enthusiastic on the prospects of CreditVision^®. Speaking on the benefits of CreditVision^® for the industry,

Mr. Rajesh Kumar, Group Head- Retail Credit & Risk at HDFC Bank said, “CreditVision^® represents the future ready bureau of the big data world enabling advance analytics. The rich insights on nuances of consumer behavior that CreditVision provides will help the industry identify and provide credit opportunities to a larger customer base thereby helping improve credit penetration and access to credit”.

“CreditVision^® trended attributes are definitely more insightful than a point-in-time snapshot provided by the traditional bureau data. This helps map the credit evolution of the consumer and could have potential use case in underwriting and exposure management strategies. By using CreditVision^®, we hope to penetrate to a much larger customer base, thus significantly increasing our retail outreach.” said Mr. Rakesh Bhatt, COO, Bajaj Finance Limited.

“Traditional bureau data is based on attributes derived from a point in time snapshot of customer behavior. CreditVision^® provides insights into historical trends instead of a point in time snapshot which significantly enhances predictions of future customer behaviours thereby improving lending decisions. This will augment our ability to not only predict risk but also identify key consumer drivers that would impact critical marketing decisions.” , added Mr. Harjeet Toor, Business Head – Microbanking, Cards, Retail & MSME Lending at RBL Bank.

TransUnion CIBIL is committed to support the credit industry with content, insights, products and solutions to drive business growth while facilitating access to finance for deserving consumers. CreditVision^® is set to help the credit industry drive retail credit growth while enabling increased access to credit for consumers thus triggering credit penetration and financial inclusion in India.

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Tata Communications MOVE global mobility platform is built on the company’s partnerships with 900 mobile communications service providers and new 35% stake in Internet of Things solution provider Teleena

London, UK – February 23^rd, 2017 – Tata Communications, a leading provider of A New World of Communications, today announces its entry into the global USD 4 billion mobile data connectivity and cross-border Internet of Things (IoT) market. The company is unveiling the Tata Communications MOVE platform that will enable people and things to become seamlessly connected on a global scale.

“With more than 3 billion Internet users globally and billions more connected ‘things’ from activity trackers and smart home hubs to connected cars and street lights, we live in a truly digital world,” said Anthony Bartolo, President, Mobility, IoT and Collaboration Solutions, Tata Communications. “We believe that the future of this digital world lies in how all of these ‘things’ connect – and that everything should be born connected. So, imagine a world where there could be embedded connectivity within everything – straight out of the box, with instant and seamless access to the Internet, anywhere in the world. That’s our aim with Tata Communications MOVE. It is a platform that enables companies to embed global connectivity in anything, improving the user experience, creating completely new revenue streams, and fulfilling the promise of a truly digital world.”

Tata Communications MOVE is part of the company’s long-term strategy for its mobility services portfolio and its vision of creating an access and usage agnostic, cross-border mobile experience for people and things. The platform is underpinned by Tata Communications’ global network, partnerships with 900 mobile communications service providers globally, and recent investment in Teleena. Teleena is an IoT connectivity specialist and mobile virtual network enabler, whose technology manages the operational complexity and reduces the cost of IoT deployments for businesses. Tata Communications’ investment has made it the single largest shareholder in Teleena with a 35% stake.

The combination of Teleena’s IoT technology and Tata Communications’ global network – which today connects 4 out of 5 mobile subscribers – lowers the barriers for brands to introduce new IoT-enabled services for engaging with consumers in new ways. Underpinned by enterprise-grade secure connectivity across 240 countries and territories, Tata Communications MOVE also paves the way for new industrial IoT applications to generate operational efficiencies in sectors such as manufacturing and logistics.

In the first phase of the roll-out of Tata Communications MOVE, the platform encompasses global cellular IoT and SIM connectivity, with further enterprise and mobile network operator capabilities to follow later in 2017, enabled by the world’s largest and most advanced wholly-owned network. Over 25% of the world’s Internet routes travel over Tata Communications’ network, and the company is the only Tier-1 network provider that is in the top 5 by routes in 5 continents.

“The market needs large-scale operators such as Tata Communications that are able to scale up activity in a market so far populated by small commercial aggregators and mobile virtual network operators[1],” said Dario Talmesio, Principal Analyst and Practice Leader, Europe, Ovum.

Vinod Kumar, CEO and Managing Director of Tata Communications, said: “With global, ubiquitous connectivity comes the power to unleash unimaginable possibilities in how brands serve and engage with their customers and partners, redefining business models across industries. As a company that has built unparalleled global network reach and platforms that simplify and accelerate cloud and data-powered innovation over the last 15 years, today marks an inflection point for our business with the introduction of Tata Communications MOVE, which will serve to unlock the next phase of connectivity for humans and machines.”

[1] Global Connectivity: OEMs Become Connectivity Providers”, Dario Talmesio, Ovum, 28 August 2015

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New service available in 130 countries across emerging and developed markets

Mumbai, India – November 29th, 2016 – Tata Communications, a leading provider of A New World of Communications, launches today the latest addition to its IZO cloud enablement platform – IZO SDWAN. As the myriad of different applications, clouds, data sources and connections create complexity for organisations, IZO SDWAN helps them detangle this complexity and propel their growth through seamless, secure and easy-to-manage connectivity across 130 countries spanning both developed and emerging markets.

Underpinned by Tata Communications’ global network, IZO ecosystem, and partnerships with the world’s biggest cloud companies, IZO SDWAN boosts agility and flexibility for organisations. By enabling the instant deployment of branch office networks anywhere in the world, the new service helps organisations to expand and introduce new products and services faster, and adapt to rapidly changing market conditions.

Essilor, a world leader in ophthalmic optics is one of the beta customers of IZO SDWAN. The company is using the new service to facilitate its expansion into new geographies. “Given the crucial role that different cloud applications play in our business globally, the agility, flexibility and reliability of our network is paramount,” Marc Tanguy, Director, IT Technology Services in Asia-Pacific, Middle-East, Russia and Africa, Essilor, said. “Essilor’s mission of improving lives by improving sight, for people everywhere in the world, means it is vital for us to have the right solutions that help us to smoothly expand into new geographies, including the fast-growing markets of APAC and Africa. A next-generation, software-defined hybrid network will enable us to connect new locations in an instant, making us more agile, and empowering us to improve the lives of many more people through improved access to quality vision care products.  We are happy with the proof of concept and look to a new dimension of digital transformation with IZO SDWAN.”

IZO SDWAN is a fully managed and modular overlay service that is tightly integrated with the underlay – the world’s largest and most advanced IP network. That is why it is quick, easy and risk-free to integrate into organisations’ existing network set-up – be it the public Internet, a hybrid network or a private WAN – boosting the efficiency of bandwidth use while reducing OPEX. By providing employees with faultless, secure access to applications and data, and empowering them to collaborate securely and seamlessly wherever in the world they are, IZO SDWAN enables organisations to drive further efficiencies, boost productivity and improve the bottom line.

“A new kind of platform economy is emerging, paving the way for innovative co-created services and business models that transform entire industries,” says Genius Wong, President, Global Network Services, Cloud and Data Centre Services at Tata Communications. “But the management of a multitude of applications, clouds and connections which power the platform economy can be hugely challenging for organisations. Our IZO cloud enablement platform and its latest addition, IZO SDWAN, harness our unparalleled global reach and our partnerships to tackle these challenges and enable organisations to unleash the growth potential that new markets, geographies and business models bring through a scalable, borderless and easy-to-manage network.”

Joel Stradling, Research Director, Current Analysis says, “The expansion of Tata Communications’ IZO portfolio with an SDWAN service strengthens the company’s offering with new capabilities that allow enterprises to take advantage of greater service agility and automated provisioning.  Tata Communications’ IZO SDWAN proposal is wide, addressing a sliding scale of business requirements, and telling a compelling story built around the company’s global network footprint.”

Tata Communications has developed multiple variants of IZO SDWAN to suit its customers’ different business and technology requirements. These variants consist of its own patent-pending technology, and one that builds on technology supplied by Versa Networks, a Gartner ‘Cool Vendor’. This ensures maximum choice and flexibility for organisations.

To meet its customers’ constantly growing needs for cloud connectivity, Tata Communications is deploying 20 new cloud gateways for IZO SDWAN, with several more in the pipeline. These gateways, the IZO ecosystem offering secure, reliable connectivity to the clouds of Amazon Web Services, Google Cloud Platform, Microsoft Azure, Office 365 and Salesforce, and a single-pane-of-glass management portal, enable organisations to virtualise their network with scale, while ensuring the CIO has full visibility and control over the network. Through the use of edge virtualisation, which enables the deployment of multiple virtual networking functions (VNFs) within the same equipment, enterprises are able to reduce the volume of equipment at their branch locations, accelerating the roll-out of new applications and services.

Fujitsu Consulting India is also a beta customer of IZO SDWAN, using the new solution as part of its next-generation hybrid network to enhance service delivery and corporate IT services access. Mohammed Shahed Khan, Group Head, IT Infrastructure & CISO, Fujitsu Consulting India, said: “Given the multitude of IT projects we undertake for our customers, the flexibility, scalability and reliability of our network is paramount. That is why we are currently deploying a next-generation hybrid network – it will enable us to accelerate service delivery and connect new applications and devices in an instant. A software-defined WAN will make us more agile, and empower us to continue to stay ahead of the competition, effortlessly.”

Tata Communications’ fast-growing IZO ecosystem gives multinational organisations the freedom to choose a cloud environment best suited to their requirements, underpinned by Tata Communications leading global network and partnerships. Today, over 25% of the world’s Internet routes travel over Tata Communications’ network and the company is the only Tier-1 provider that is in the top five by routes in five continents.

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Technology alliance will empower customers to pay EMIs on time

Key Features

• Comprehensive Multi-mode payment platform with payments anytime and from anywhere
• Interoperable with 185+ payment modes enabled for Tatasky customers
• Custom integration to ensure faster ‘Go to Market’ strategy
• Best in class payment success ratio to deliver ultimate payment experience
• Dedicated service support for resolutions with best in class turnaround time

Mumbai, 5th October, 2016: Muthoot Finance, India’s largest gold finance company and TechProcess Payment Services, India’s leading electronic payments company announced an alliance whereby customers of Muthoot Finance will be able to repay EMIs over a convenient next generation digital platform powered by TechProcess.

The tie-up will further enable Muthoot Finance to streamline its loan collection process and thereby assist the company in enhancing business excellence quotient. It will also help the company safeguard against potential revenue leakage threats.

On this new technology partnership, Mr. K R Bijimon, Chief General Manager of Muthoot Finance Ltd, said, “Tech Process’ Next Gen Digital Payments Platform is yet another initiative of the company to enhance our customers’ experience who are already using our WebPay platform for payment of interest and principal. This next generation digital multi-mode payment platform Paynimo is interoperable with more than 185+payment modes and is compatible with online and mobile channels. With this first of its kind tie up by any NBFC, Muthoot Finance Limited demonstrates its commitment to implement technology up gradations for the benefit of our customers who can pay their interest and principal dues on line at their own convenience even on holidays without visiting the branches.”

TechProcess’ Next Gen Digital Payments Platform is a comprehensive multi-mode payment platform which brings the choice in the palms of consumers. It is interoperable with more than 185+payment modes including credit and debit card, net-banking e-wallets and the likes. The platform is a single integration omni-channel payment solution compatible with online and mobile channels.

On the business association with Muthoot Finance, Mr. Kumar Karpe, CEO, TechProcess Payment Services Ltd said, “Our next generation digital payment platform Paynimo is precisely conceptualized to act as an enabler of convenience and innovation for an enhanced end-user experience. We are confident that our alliance with Muthoot Finance will usher in a new industry benchmark on customer-centric focus.”

TechProcess’ Paynimo platform will allow Muthoot Finance to achieve business objectives pertaining to better success rate, ability to process large number transactions, reconciliation, service support and competitive commercials.

About Muthoot Finance

Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” headquartered in the southern Indian state of Kerala. Operating history of Muthoot Finance has evolved over a period of 129 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.

The company provides personal loans secured by gold jewelry, or Gold Loans, primarily to individuals who possess gold jewelry but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

Company is listed on both National Stock Exchange and Bombay Stock Exchange.

About TechProcess Payment Services Ltd.

TechProcess Payment Services Ltd. has been pioneering electronic payments in India since 2000 by setting up BillJunction.com – India’s first electronic bill presentment and payment service. TechProcess has been building, managing and servicing the e-payments ecosystem through its innovative cloud based payment platforms which have been adopted by leading brands. The service offerings cover the entire gamut of non-cash modes of electronic payments such as card payments, Net-banking, NACH, NEFT/RTGS, IMPS, e-wallets and the like. For more information, please visit www.techprocess.co.in

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SAP Announces €2 Billion Investment Plan, New Innovations, Acquisitions and Network of SAP IoT Labs to Unlock

Next Wave of Value from the Internet of Things

WALLDORF — Sept. 29, 2016 — SAP SE (NYSE: SAP) today announced investment plans of €2 billion over five years to help business and government entities benefit from the proliferation of sensors, smart devices and Big Data that is transforming business with the Internet of Things (IoT). SAP plans to accelerate innovation in its IoT solution portfolio, increase sales and marketing, scale service, support and co-innovation, and grow its ecosystem of partners and startups in the IoT market, which is estimated to reach €250 billion by 2020.

“With billions of connected devices, we now have the potential to reshape society, the economy and the environment,” said Bill McDermott, CEO of SAP. “SAP HANA is the data platform we knew would unlock the Internet of Things. Today SAP is making another bold investment to help our customers seize the benefits of live business. Only SAP empowers businesses to innovate from the core to the edges to the networks.”

SAP IoT: From Information to Insights, Action and Live Business

While business and public sector entities have unprecedented access to more information and real-time feeds, they still have difficulty tying it all together across operating locations, business units and functional teams. SAP IoT aims to make sense of Big Data from the multitude of things through IoT solutions that apply machine learning and integrate with the core business applications of SAP S/4HANA. SAP IoT includes solutions connecting people, partners, things and the physical environment, enabling organizations to extend and enrich business processes with real-time, live intelligence so that they can see where opportunities exist, achieve new operational efficiencies, and reimagine business models, products and services to deliver more immediate customer and stakeholder value. SAP IoT seeks to enable connected business and connected society, addressing urban and rural areas and spanning agribusiness, infrastructure and energy, health, defense, manufacturing, consumer and transportation industries.

Innovation in New Solutions: Industry 4.0 Solution Packages

SAP is introducing Industry 4.0 packages that feature IoT solutions to enable customers’ digital business strategies. The jump-start package is designed to initiate operational and business system connectivity as a foundation to monitor equipment effectiveness and provide insight into shop floor operations. The accelerator package also has this functionality, and adds an automated, paperless, manufacturing execution and control environment by supporting manufacturing planning and execution, performance analytics and advanced plant maintenance. Both packages are complemented by the SAP Distributed Manufacturing application for additive manufacturing 3D printing services. The jump-start and accelerator packages are available immediately. SAP plans to introduce the third Industry 4.0 solution package, the “advanced” package, at a later date to provide advanced manufacturing insight and controls, machine learning functionality and predictive analysis for quality and maintenance operations. SAP also plans IoT package solutions to address the unique digital operations of cities, agriculture and energy industries.

Innovation in the IoT: PLAT.ONE, Fedem

SAP IoT provides a comprehensive, integrated technology stack from connectors to the IoT foundation and applications, business network and business process layer, enhanced by machine learning and predictive analytics. SAP has acquired PLAT.ONE, an enterprise-grade IoT provider that simplifies the process of creating, deploying and managing complex IoT solutions. Founded in northern Italy, PLAT.ONE provides expertise and technology to accelerate the availability of key IoT capabilities in SAP HANA Cloud Platform, such as advanced lifecycle management for IoT devices, broad device connectivity, strong IoT edge capabilities that work seamlessly with a cloud back end, end-to-end role-based security and rapid development tools for IoT applications.

SAP has also recently acquired Fedem Technology, a Norwegian company specializing in advanced engineering analysis and building software for multibody dynamic simulation and lifetime calculation of structures and mechanical systems under the influence of complex loads. With this acquisition SAP plans to build an end-to-end IoT solution in which a digital avatar continuously represents the state of operating assets through feeds from sensors, replacing the need for physical inspection with a “digital inspection.” Additionally, the solution is intended to consider complex forces in play and detect both instantaneous consequences of one-off events and long-term health effects of cyclic loads, making possible accurate monitoring of maintenance requirements and remaining-life prediction for assets.

SAP IoT Labs: Enabling Global IoT Transformation Across the Globe

SAP plans to establish locations around the world to collaborate on Industry 4.0 and the IoT with customers, partners and startups. SAP IoT labs are intended as lighthouse locations and primary access points for IoT research, development, proof-of-concept modeling and incubation, with IoT showcases, thought leadership, expertise and infrastructure for strategy and product co-innovation. SAP plans to increase investment in consulting and knowledge transfers with dedicated innovation adoption consulting and IoT universities at the sites. Planned locations include Berlin, Johannesburg, Munich, Palo Alto, São Leopoldo and Shanghai, with SAP and partner experts in areas of specific IoT focus native to each region, such as Industry 4.0, logistics, cities and digital farming. The labs are intended to provide customers with access to co-innovation resources including design thinking experts and workshops, and interactive demos of IoT-related technology including autonomous systems (such as drones and robotics), IoT security, machine learning and 3D printing.

The SAP IoT Promise in Real Life: Trenitalia and SAP Event

SAP’s IoT announcement comes on the eve of an IoT customer showcase event, where SAP will join with executives from Trenitalia, Italy’s largest train company, to display technology innovations and the way predictive maintenance technologies are currently transforming the modern transportation industry. Follow @SAP_IoT and #SAPIoT to join key parts of the event live via Periscope on September 29.

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 320,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

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Cisco Connected Learning solution to use virtual digital rooms to enable training and development of teachers at 12 institutes

New Delhi, India – 5^th September, 2016:  The Education Department under the Government of Rajasthan today announced a unique initiative to promote digital learning across the state using virtual digital rooms through Cisco’s Connected Learning solution. This initiative aims to enhance the quality of education through digital learning for academia to connect, collaborate, create, and share content across 12 centres of State Institute for Education Management And Training (SIEMAT) in the state. The initiative was inaugurated by the Hon. Chief Minister of Rajasthan, Smt. Vasundhara Raje on the occasion of Teachers’ Day, in an interaction with educators and students across all 12 SIEMAT facilities live – via the Connected Learning setup.

With this collaboration Cisco, along with the Government of Rajasthan, strengthens the foundation of next generation education to empower teachers as well as students through innovative approaches to pedagogy and learning, supports the teachers’ professional development, and provides them with tools to implement and manage training. Under this association, Cisco and SIEMAT have committed to 50,000 man-hours of training annually through its virtual digital classrooms.

Cisco has partnered with the Govt. of Rajasthan to establish Digital Learning Solution Rooms (DLSRs) which will deploy virtual digital classrooms across 12 institutes as part of the government’s on-going social initiatives program locations in Rajasthan.

Government of Rajasthan has partnered with Cisco on various initiatives to digitize the state, which includes Jaipur deploying cutting edge technology as a lighthouse city for sustainable urban development, and the establishment of JDA-Cisco Global Centre Of Excellence (GCoE) to help accelerate local innovation and enable the start-ups in Rajasthan to compete on a global level

Smt. Vasundhara Raje, Hon. Chief Minister of Rajasthan, said, “Education is the most potent catalyst of economic empowerment. Highly-skilled workforce and building local capability by training the teachers will accelerate Rajasthan’s digital transformation. This digital learning initiative will result in quantitative and qualitative enhancement of our training capabilities, ability to leverage experts across the state without having to move locations, while simultaneously improving productivity levels to impart a better quality education to the youth of the State.

“Innovative partnerships such as this are essential if we are to transform the education system in the state of Rajasthan and prepare students to succeed in a digitized economy. Through this initiative, we aim to leverage technology to drive innovation in education and help transform Rajasthan into the State of the future. This is yet another component of our efforts towards creating Digital Rajasthan,” she further added.

Mr. Dinesh Malkani, President, Cisco India and SAARC, said, “Digitization opens up unprecedented opportunities for every state and city. The government leaders of Rajasthan are committed to helping teachers develop the expertise to master, succeed, and lead in the digital economy. As part of Cisco’s commitment to Skill India and Digital Rajasthan, we are helping foster innovation and drive change by better preparing and training teachers through digital learning. Teachers’ Day is a wonderful occasion to remember that the next big thing can come from anyone, anywhere, as long as people have the best training and tools. I would like to congratulate this visionary government under Hon’ Chief Minister Vasundhara Raje on another great milestone towards making Rajasthan a truly digitized state in India “

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Bangalore, 1 June 2016 – Tally Solutions, the premier Indian software product company, today announced that all versions of its flagship product, Tally.ERP 9 have been enabled to support the newly passed Krishi Kalyan Cess through an update. This is done to support Indian businesses in complying seamlessly with the government regulation, effective from 01 June 2016. Implementing the new cess will be fast and smooth for all businesses that use Tally.ERP 9.

The Krishi Kalyan cess at 0.5% has been introduced by the Union Government for the purpose of financing and promoting initiatives to improve agriculture thus revising the new rate of service tax to 15%.

In Tally.ERP 9, the Krishi Kalyan cess is auto calculated in transactions, be it regular sale, reverse charge, sale of service with abatement or sale value which is inclusive of tax. The printed invoice will also display the cess value. Additionally, provision has been made to allow adjustment of Krishi Kalyan cess credit against Krishi Kalyan cess liability, and to account for interest and penalty on the cess.

About Tally Solutions Private Limited:

Tally Solutions Pvt. Ltd. is a pioneer in the business software products arena. Since its inception in 1986, Tally’s simple yet powerful products have been revolutionizing the way businesses run. Having delivered path breaking technology consistently for more than 30 years, Tally symbolizes unmatched innovation and leadership. Today, it caters to millions of users across industries in 140 countries and continues to be the unchallenged industry leader in the enterprise resource planning software domain.

www.tallysolutions.com

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