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    Business Wire IndiaPayMate India is transforming the way businesses pay and get paid. As India’s leader in Business-to-Business (B2B) electronic payment processing solutions, it is experiencing significant growth in its business. With the introduction of new services and an expansion into new verticals, PayMate is now processing in excess of $2B in annualized Gross Processing Volume (GPV).
     
    With over 13000 registered businesses on its platform, PayMate is leading the way in providing simple, safe, and efficient way for businesses to automate accounts payables and receivables, along with making real-time payments to vendors, and to easily access working capital financing. These cloud-based services are used by both large enterprises and SMEs.
     
    “We are completely focused on making business payments more efficient and seamless for our customers,” said Mr. Ajay Adiseshann, Founder and Chief Executive Officer of PayMate. “Achieving $2B in GPV is a significant milestone for us, and a testament to the faith our business customers put in PayMate, our technology, and services”.
     
    In November 2016, Indian government launched a major initiative to discourage cash based transactions and encourage the move to digital payments. Since this move, there has been an increase in usage of digital payments by consumers and businesses in India. PayMate’s announcement today is further evidence of the growing adoption of digital payments by corporate clients in India.


    About PayMate India
     
    As a leading provider of electronic Business-to-Business (B2B) payment solutions, PayMate is helping large Enterprises and SMEs transition from traditionally slow and costly forms of payments like cash and checks to real-time and efficient digital payments. PayMate provides business customers the ability to automate and seamlessly manage vendor payments (AP), customer payments (AR), invoicing, and cash flow. In addition, businesses can easily apply for working capital financing at competitive rates. Multiple forms of electronic payment channels are supported including cards, net-banking, ACH, NEFT, RTGS, and IMPS. All services are delivered via our proprietary cloud based, payments platform and can be accessed on any web enabled desktop or mobile device. Processing of high volume transactions, payment settlement, mitigating risk, and security are core elements of the proprietary platform. PayMate is a PCI-DSS compliant and adheres to the highest standards and industry best practices for compliance, security, and risk. PayMate is headquartered in Mumbai and funded by Lightbox Ventures and Mayfield Fund.
     
     
    For additional information please visit www.paymate.in or contact pr@paymate.co.in

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    Business Wire India

    AFFIN Bank Group (“AFFIN”) and Moody’s Analytics today announced the successful implementation of a robust profit rate and liquidity risk management platform. The installation of the Moody’s Analytics RiskAuthority™ and RiskConfidence™ software platforms also better equips the Bank to manage large exposure risks and improve its business decision making.

     

    “We needed an efficient and flexible asset and liability management (ALM) system as well as reporting infrastructure to manage the increasingly challenging regulatory environment and support the future growth of our business,” said Kamarul Ariffin Mohd Jamil, Group Chief Executive Officer at AFFIN.

     

    The RiskConfidence™ platform combines profit rate risk management and liquidity risk management, while the RiskAuthority™ platform enables advanced analytics of risk with regulatory reporting. Designed to be used together, the RiskAuthority™ and RiskConfidence™ software solutions integrated seamlessly into AFFIN’s existing infrastructure, leveraging extensive automation to increase operational efficiency.

     

    “We’re delighted that AFFIN has selected our software to optimize its risk management and reporting capabilities,” said Pierre-Etienne Chabanel, Managing Director of Product Management at Moody’s Analytics. “By tying risk exposures to capital more effectively, AFFIN is now able to integrate risk-taking decisions into its strategic and tactical decision making.”

     

    “The implementation of these solutions from Moody’s Analytics has further strengthened AFFIN’s risk management capabilities, in line with the recently launched AFFINITY—a strategic transformation program of the Bank Group,” added AFFIN’s Kamarul. “With the ability to perform more frequent and more granular data analytics, we are in a better position to monitor and manage our risk exposures in line with our risk appetite, and to institute early corrective action when required. The end-to-end solution covers our ALM and regulatory reporting needs and also incorporates a large exposure module to enhance managerial control of risk across our business entities.”

     

    For more information about Moody’s Analytics solutions, visit www.moodysanalytics.com.

     

    About AFFIN

     

    Affin Bank Berhad (AFFINBANK) is a wholly-owned subsidiary of Affin Holdings Berhad, which is listed on the Bursa Malaysia. AFFINBANK provides a suite of financial products and services that caters to retail, SME, and corporate customers. The target business segments are categorized under key business units such as Consumer Banking, SME & Commercial Business Banking, Corporate & Public Sector Business Banking, and Treasury.

     

    The tagline of “Banking Without Barriers” signifies the removal of boundaries within the processes of AFFINBANK as well as its attitude in servicing its customers. The latter means reaching out to customers, improving relationships with them, making each one of them feel privileged and enhancing a new approach to banking and changing the face of conventional banking.

     

    AFFINBANK also provides Islamic banking products and services via its Islamic banking subsidiary Affin Islamic Bank Berhad (AFFIN ISLAMIC). AFFIN ISLAMIC, a full-fledged Islamic bank, offers a complete range of Islamic Banking products and services which are in compliance with Shariah principles and laws.

     

    For more information, please log on to www.affinbank.com.my or www.affinislamic.com.my. Alternatively, please visit an AFFINBANK or AFFIN ISLAMIC branch.

     

    About Moody’s Analytics

     

    Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE:MCO), which reported revenue of $3.6 billion in 2016, employs approximately 10,600 people worldwide and maintains a presence in 36 countries. Further information is available at www.moodysanalytics.com.

     

     

     

     



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    Business Wire IndiaMobile wallets and bitcoin are not the only disruptions for the financial services sector. Digital disruption in numerous ways, like adoption of machine learning, artificial intelligence (AI), blockchain, and big data is changing the way banks, insurance and asset management companies work. Further, IT and Information Technology Enabled Services (ITES) companies are working hard to provide solutions for this new paradigm.
     
    In this regard, Frost & Sullivan is hosting its Growth Innovation Leadership (GIL) Council - a Leadership Breakfast Session on Financial Technology (FinTech) and the Future of Financial Services at Frost & Sullivan Chennai on March 03, 2017 between 08-10 AM to provide an orientation on current trends in FinTech, the changing financial services sector, new business models, and growth opportunities for the ITES and the Banking, Financial Services and Insurance (BFSI) industries.
     
    This event is targeted at senior leadership in BFSI, IT and ITES companies. For more details and to register for the session, please click here.
     
    “Technology is driving the financial services revolution, and while the challenges are substantial the rewards will be huge,” said Jean-Noël Georges, Global Program Director, Digital Transformation Practice (ICT), Frost & Sullivan. “The FinTech sector grew six-fold over 2013-2015 to reach an estimated €18 billion, and global non-cash transactions are expected to reach €630.6 billion by 2020. As advanced technologies alter the financial services ecosystem, tech-savvy consumers will seek out players that support accessibility, affordability, and availability.”
     
    Agenda:

    The Leadership Breakfast Session will start with a short presentation on Frost & Sullivan's proprietary intelligence, which will lead to a round-table discussion with attendees. The session will be led by Anand S., Vice President, Tech Vision, Frost & Sullivan, along with Haritha Ramachandran, Associate Director, Digital Transformation Practice (ICT), Frost & Sullivan.
     
    Focus Areas of the Session:

    Frost & Sullivan will throw light on the key global trends in FinTech; investments in FinTech start-ups; impact of key disruptions on the industry, and growth opportunity areas.
     
    Who will benefit and how:

    • Technology Providers: Gain support for your go-to-market strategy and ensure that you are fully aligned with industry trends
    • Financial Services Market Participants: Harness emerging technology trends to drive your business to the next level
    • C- Level Executives: CEOs, CTOs, COOs, CMOs
    • Senior Managers: Vice Presidents, Directors, General Managers

    Frost & Sullivan’s FinTech Practice combines continuous coverage of financial services with deep expertise in vertical markets and technologies to identify how market stakeholders can stay ahead of changes. Our thought leadership areas cover, but are not limited to:
    • Mobile money/payments
    • Digital disruption in financial services
    • Disruptive authentication and biometrics
    • Evolving insurance market dynamics, including the rise of usage based insurance (UBI)
    • Impact of emerging technologies such as Blockchain, AI, and quantum computing



    About Frost & Sullivan

    Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the Global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion 

    http://ww2.frost.com
     
    Twitter: @Frost_MENASA

    Facebook: FrostandSullivanMENASA

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    Business Wire IndiaGrameen Foundation India (GFI) has been awarded the NASSCOM Social Innovation Forum (NSIF) Challenge 2017. The award includes complimentary advisory support from Accenture Tech Labs. GFI was awarded under ‘Other Social Issues’ category for its work to integrate mobile financial education and services in India.  Our project, ‘Integrating Mobile Financial Education and Services for Financial Inclusion in India,’ is enabling microfinance clients to use digital payment channels to repay their microloans. As part of the Advisory Support from Accenture Tech Labs, GFI will receive valuable technology advisory for further development and enhancement of their solution such that it leads to increased sustainability, scalability and on ground impact.

    GFI has worked with Sonata Finance Pvt. Ltd., a leading Indian microfinance institution, and Oxigen, a payment provider to develop a digital payment platform for Sonata’s clients. The new model enables clients to make loan repayments via digital channels and at agent locations.  The pilot phase reached out to over 23,222 beneficiaries in training them on mobile financial services and enabled transactions worth INR 1.5 cr have been routed through Oxigen. The model is now being scaled to 150 branches to several lakh clients of Sonata. Other institutions are also looking to replicate the model.

    Commenting on the occasion, Ms. Chandni Ohri, CEO, Grameen Foundation India stated, “We are honoured to receive the prestigious NASSCOM Social Innovation Award. Our key motivation for this project was to increase access to financial services, especially among women, by harnessing the growing presence of mobile phones in rural India and technological developments in digital financial services.”

    Now in its ninth edition, NASSCOM Social Innovation Forum is a property of NASSCOM Foundation, in collaboration with industry leaders Mphasis and Accenture. It is a platform that fosters innovative use of technology to create sustained social impact. Arguably, the largest Social Innovation Honours in India, NSIF received over 1300 applications this year out of which, 9 winners were chosen after going through a rigorous two level Jury process in the categories of Primary and Secondary Education, Primary Healthcare, Accessibility, Livelihood and Agriculture, Environment and other socially relevant areas.

    The jury that selected the winners comprised of many renowned industry stalwarts like Debjani Ghosh, Vice President, Sales and Marketing Group, Managing Director, South Asia, Intel Corporation; Padmaja Ruparel, President, Indian Angel Network; Sanjay Podder, Managing Director and R&D Head- Accenture Labs India; Sara Chamberlain, Director Digital, at BBC Media Action, India; Puneet Bhirani, Executive Vice President – Chief People & Administrative officer, Mphasis; Dr. Ganesh Natarajan, Executive Chairman, Founder, 5F World, Chairman, NASSCOM Foundation. All shortlisted projects were evaluated on five parameters; ICT innovation, social impact, scalability and replicability, cost and sustainability. 


    About Grameen Foundation

    Grameen Foundation is a global nonprofit organization that harnesses the power of mobile technology to deliver a vital mix of financial, agricultural and health services and information to the world’s poorest people.  Our innovations enable women, smallholder farmers, and poor communities to build their assets, educate their children, protect their health and strengthen their resilience.

    Grameen Foundation was founded in 1997, inspired by the work of Nobel Laureate Professor Muhammad Yunus and the Grameen Bank, whose microloans sparked innovation and entrepreneurship among the poorest of the poor.  Professor Yunus was a founding member of our board of Directors and today serves as member emeritus.  Grameen Foundation is headquartered in Washington, D.C., with offices in Colombia, Ghana, Kenya, India, the Philippines, Uganda, and the United States. For more information, please visit www.grameenfoundation.org or follow us on Twitter @GrameenFdn.

    About Grameen Foundation India

    Grameen Foundation India (GFI) is a social business and a wholly-owned subsidiary of Grameen Foundation USA that catalyses double bottom line approaches to serving the poor and the poorest. Its mission is to enable the poor, especially the poorest, to move out of poverty by strengthening institutions and businesses that serve them. Grameen Foundation India aims to achieve this by enabling the growth of truly double bottom line entities that use quantitative and verifiable measures of social results and by demonstrating new business models for serving the poorest. It currently focuses on enabling the provision of financial services and information. For more information, please visit please visit www.grameenfoundation.in

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    Business Wire India
    EY, the global professional services organization, today announced the selection of 17 of the country’s most exceptional entrepreneurs as Finalists for the 18th Entrepreneur of the Year™ - India 2016. An eminent nine-member Jury, led by Mr. Dilip Shanghvi, Managing Director, Sun Pharmaceuticals Industries selected the 17 Finalists.
     
    Learn more about the EOY 2016 finalists in this video:
     
    https://youtu.be/3dzW4r4PT5U
     
    Mr. Nandan Nilekani is honored with the Lifetime Achievement Award for his invaluable contribution to the Unique Identification Authority of India (UIDAI), which is a pioneering citizen identification program, unparalleled in scope and scale worldwide.
     
    The winners will be announced across several categories on February 24, 2017, at New Delhi. The national winner will represent India at the EY World Entrepreneur of the Year (WEOY) awards in Monte Carlo from 8-11 June 2017.
     
    Read more about the 18th EY Entrepreneur of the Year™ at ey.com/in/eoy

    About EY Entrepreneur Of The Year™ Award

    EY Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership, and achievement. As the first and only truly global award of its kind, EY Entrepreneur Of The Year™ celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in 60 countries.
     
    About EY

    EY is a global leader in its Assurance, Tax, Transaction and Advisory services. Our insights and the quality services we deliver help to build trust and confidence in capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In doing so, we play a critical role in building a better working world for our people, for our clients, and for our communities.

    EY refers to the global organization and may also denote one or more of the member firms of EY Global Limited, each of which is a separate legal entity. EY Global Limited, a UK company, which is limited by guarantees, does not provide services to clients. For more information on our organization, please visit ey.com.

    This news release has been issued by EYGM Limited, a member firm of the global EY organization. It also does not provide services to clients. 

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    Business Wire India

    More than 2,000 team members of Wells Fargo Enterprise Global Services (EGS) India participated in the milestone fifth edition of the company’s annual 10K walk/run/ride event on February 4 in Hyderabad and Bengaluru, to promote the cause of education. This “Educathon – Powering Literacy” event was a testament to Wells Fargo’s community focus to support the cause of providing education to underprivileged children, while reaffirming the health and wellness benefits that go with walking, running, and cycling. For the first time, the event saw participation of friends and family of Wells Fargo team members.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170217005231/en/

     
    More than 2,000 team members of Wells Fargo Enterprise Global Services (EGS) India participated in t ...

    More than 2,000 team members of Wells Fargo Enterprise Global Services (EGS) India participated in the milestone fifth edition of the company's annual 10K walk/run/ride event on February 4 in Hyderabad and Bengaluru, to promote the cause of education. (Photo: Business Wire)

    “Corporate social responsibility is rooted in our culture of caring at Wells Fargo, and it has been an important part our company’s growth and success for more than 160 years. We continuously work to make a difference in our workplaces as well as the communities in which we live. At Wells Fargo EGS India, we focus on supporting education for underprivileged children,” said Aveek Mukherjee, head of Wells Fargo EGS Delivery. “We also recognize the importance of having a workplace culture that promotes and supports healthy lifestyle choices by encouraging events such as the annual run/ride/walk event.”

     

    Wells Fargo EGS India has an active community of runners and riders with more than 1,500 team members who regularly take part in running and riding events across the country. To facilitate and encourage cycling to work, Wells Fargo facilities in Hyderabad and Bengaluru have exclusive parking zones for bicycles.

     

    Speaking at the Educathon event, Prakriti Panwar, head of corporate sustainability for Wells Fargo EGS India said, “We are committed to finding new ways to spread awareness to support the cause of education – one of our priority areas of community service. In addition, our volunteers consistently work to help educate underprivileged children by driving various efforts at schools supported by Wells Fargo EGS India.”

     

    The 10K walk/run/ride is one among many examples of Wells Fargo’s commitment to environmental stewardship. While the company has successfully put into practice several ‘everyday’ green initiatives like switching off lights for an hour every week and double-side printing configuration on all printers, Wells Fargo volunteers also create awareness about greener living and participate in external initiatives that help the environment. Wells Fargo Centers in Hyderabad and Bengaluru are also LEED-certified sustainable sites with strict energy and resource management.

     

    About Wells Fargo Enterprise Global Services (EGS) - India

     

    Wells Fargo Enterprise Global Services (EGS) is a critical component of the Wells Fargo’s (Wells Fargo Bank N.A.) strategy to leverage distinct advantages in doing business in a global environment. Wells Fargo EGS - India (Wells Fargo India Solutions Private Limited and Wells Fargo International Services Private Limited) is primarily an extension of the technology, operations, knowledge services, and corporate support teams of Wells Fargo. It engages in application development and support, testing, other technology functions, international operations, knowledge support, middle and back-end banking process solutions for a wide spectrum of Wells Fargo’s needs. The entities currently have a 8500+ strong team across their offices in Hyderabad, Bengaluru, and Chennai.

     

    About Wells Fargo

     

    Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20170217005231/en/



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    Business Wire India

    OT (Oberthur Technologies), a leading global provider of embedded security software products and services, today announces that the newly released version of its embedded Secure Element, PEARL by OT®, has obtained MTPS Chinese certification for mobile payment services.

     

    MTPS is the certification program for all Mobile Financial Services technologies in China. From Secure Elements to servers or platforms, all elements involved in any mobile-based payment solution need to obtain an MTPS certificate before being deployed across China.

     

    The newly released PEARL 900k v4+ also comes to market with an unmatched user memory size of 900kbytes, an enhanced SPI* implementation for improved communications with the Application Processor, and a new mechanism to remove all personal applications and credentials present in PEARL v4+ when the user wants to repair or re-sell his device. Finally it includes the latest biometric-compliant payment applets certified by all major worldwide payment schemes. With this new product release, OT confirms the position of PEARL by OT® as the most advanced multi-application eSE on the market.

     

    Increasing concerns regarding users’ authentication, data protection and privacy are arising with the growing trend of smartphones being used as payment devices, as well as to store and process sensitive biometric data. Furthermore, smartphones are only the first wave of connected objects to be secured. Already deployed worldwide in 250Mu+ flagship smartphones, PEARL by OT® enables OEM (Original Equipment Manufacturers) to deploy new contactless services certified by key payment schemes worldwide and transport authorities of the largest cities in the world. This unique multi-application platform also supports access control, biometrics, secure storage use-cases and value added services. For instance, PEARL by OT® also supports a secure keyless car entry application and the associated services enabling car makers to securely allow users to use their handset to open cars and start engines.

     

    “To be effective, security must be embedded within connected objects and systems from day 1” said Viken Gazarian, Deputy Managing Director of the Connected Device Makers business at OT. “PEARL by OT® is designed to protect credentials and data applications against software and hardware attacks. It is continuously upgraded to match the stringent requirements of worldwide payment schemes and transport operators. It answers the needs of OEMs and their service partners for the deployment of user-friendly NFC services.”

     

    *SPI = Serial Peripheral Interface

     

    ABOUT OBERTHUR TECHNOLOGIES

     

    OT is a world leader in embedded digital security that protects you when you connect, authenticate or pay.

     

    OT is strategically positioned in high growth markets and offers embedded security software solutions for “end-point” devices as well as associated remote management solutions to a huge portfolio of international clients, including banks and financial institutions, mobile operators, authorities and governments, as well as manufacturers of connected objects and equipment.

     

    OT employs over 6 500 employees worldwide, including almost 700 R&D people. With a global footprint of 4 regional secure manufacturing hubs and 39 secure service centers, OT’s international network serves clients in 169 countries. For more information: www.oberthur.com

     

    Download The M World,
    All you need to know about the latest trends of the Mobility world, available on AppStore and Google Play

     

    www.oberthur.com/themworld

     

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    Business Wire India
    The year was 1957 when Ayn Rand's magnum opus, Atlas Shrugged, took the world by storm. The prodigious hero John Galt's fight against the establishment struck a chord with all innovators across the world as they faced resistance from the mediocre system.

    Sixty years on, and the legend of John Galt continues as one more innovator finds himself in the clutches of the high and mighty who were unable to digest his meteoric rise to the pinnacle of stardom.

    The innovator is none other than Jignesh Shah, the founder of Financial Technologies, also known as the poster boy of Indian financial markets for putting India on the global map through his 10 world class exchanges. The visionary Shah is credited with revolutionising our markets by introducing cutting edge solutions and ingenious technologies way ahead of time.

    But his enemies in power who wanted to protect their monopoly in the markets have tried their best to crush this 'Made in India' dream.

    To know how India's John Galt was targeted, 'The Target' by Shantanu Guha Ray is a must read!

    Social Media Handles –

    Facebook: https://www.facebook.com/shantanu.g.ray

    Website: http://thetarget-book.com/

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    Business Wire India

    The GSMA today unveiled its sixth ‘State of the Industry Report on Mobile Money’, offering a current snapshot of the mobile money landscape and highlighting the impact of mobile money on lives, economies and innovation over the past 10 years. The report provides the only comprehensive picture of mobile money around the globe. This edition looks back across the decade since the pioneering launch of M-Pesa in Kenya, which first demonstrated the potential of mobile technology to transform access to financial services. Today there are more than half a billion registered mobile money accounts across 92 countries.

     

    “Giving underserved people access to digital payments has expanded financial inclusion to hundreds of millions of people in developing countries and has enabled them to be more secure, more empowered and more active contributors to local communities,” said Mats Granryd, Director General, GSMA. “Mobile operators have been at the centre of this success story. The reach and impact of their services provides a clear example of how important the mobile industry is to ensuring achievement of the 17 Sustainable Development Goals.”

     

    Mobile Money Drives Economic Growth

     

    Mobile money is a key driver of economic growth in emerging markets, particularly through formalising payments, increasing transparency and boosting GDP. Mobile money providers are at the forefront of payment services in many emerging market economies. In December 2016 alone, the industry processed 1.3 billion transactions, averaging around 30,000 transactions a minute.

     

    The research further shows:

     
    • More than half a billion registered mobile money accounts globally, as of the end of 2016;
    • Nearly 174 million accounts that are active (on a 90 day basis);
    • There are 35 mobile money services with over 1 million active accounts;
    • More than 4.3 million mobile money agent outlets, with 30 countries now having 10 times more active mobile money agents than bank branches; and
    • The average cost of sending international remittances using mobile money is less than half the cost of doing so via a global money transfer operator.

    A Decade of Reaching Scale

     

    This edition of the annual report charts the story of mobile money over the last decade, from the emergence of mobile money to the rapid advancement of financial inclusion. It looks at lessons learned in areas such as business models, enabling regulation and interoperability, and assesses the impact of mobile money on people’s lives, as well as the broader economic benefits delivered. The report also looks to the future by examining the emerging trends that promise to take mobile money to new heights in its second decade.

     

    With 277 live services in 92 countries, mobile money is now available in 66 per cent of low- and middle-income markets. A stellar decade of achievements that include:

     
    • The extension of affordable and commercially sustainable financial services to hundreds of millions of underserved people;
    • The use of mobile money in a growing range of applications, such as school fees, pay-as-you-go solar systems, and international remittances;
    • The positive macro-economic impact of mobile money, such as increased productivity and job creation, as well as greater transparency to reduce leakage; and
    • Beyond its significant contributions to universal financial access goals, including the World Bank’s initiative to enable a billion transaction accounts by 2020, mobile money is a key enabler of broader economic development and empowerment.

    Granryd added, “In just ten years, mobile money has made amazing strides. With two billion people still excluded from financial services, mobile money’s potential for the future is greater still. Over the next decade, the industry needs to work together to place the transformational power of mobile money in the hands of those who need it most.”

     

    Launch of Mobile Money Developer Portal

     

    As the industry looks to new growth opportunities, the emergence of harmonised application programme interfaces (APIs) could unlock a wave of innovation and further extend the reach of mobile money services. To this end, the GSMA today launched a developer portal for platform vendors and the technical community, which will help ensure compatibility with GSMA industry-standard Mobile Money APIs.

     

    This approach can ensure interoperability across the ecosystem, seamless deployment and access to the latest standard APIs, through which developers can build mobile money products and services. The developer portal is free and will allow users to access a real, production-ready test environment. The portal offers an open and accessible way to work technically with the APIs and will be supported by the majority of vendors throughout the mobile money industry, with the aim to accelerate further industry growth.

     

    The 2017 State of the Industry Report on Mobile Money, as well as further information on the GSMA’s Mobile Money Programme, is available at: www.gsma.com/mobilemoney.

     

    -ENDS-

     

    Note to editors:

     

    The State of the Industry Report on Mobile Money draws on the results of the annual GSMA Global Adoption Survey of Mobile Financial Services and data from the GSMA Mobile Money Deployment Tracker, and provides insights on mobile money performance from the GSMA’s engagement with the industry.

     

    About the GSMA

     

    The GSMA represents the interests of mobile operators worldwide, uniting nearly 800 operators with almost 300 companies in the broader mobile ecosystem, including handset and device makers, software companies, equipment providers and internet companies, as well as organisations in adjacent industry sectors. The GSMA also produces industry-leading events such as Mobile World Congress, Mobile World Congress Shanghai, Mobile World Congress Americas and the Mobile 360 Series of conferences.

     

    For more information, please visit the GSMA corporate website at www.gsma.com. Follow the GSMA on Twitter: @GSMA.

     

     

     

     



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    Business Wire India

    Moody’s Analytics has announced the launch of its new PartnerAlliance network. This program invites best of breed consultancies, system integrators, and technology vendors to bring Moody’s Analytics’ award-winning capabilities to common customers, creating world-class solutions for critical financial risk management problems.

     

    Through PartnerAlliance, Moody’s Analytics recognizes and facilitates collaboration with its partners—third-party firms that attain competency in implementing or selling Moody’s Analytics’ solutions. Charter members of the program include a number of Moody’s Analytics’ long-standing partners, forming the core of an expert network that offers delivery and support options for Moody’s Analytics’ clients.

     

    Upon joining the PartnerAlliance program, partners are offered online training and certification, access to a dedicated help desk, and PartnerAlliance branding. Coaching and support packages are available to help partners kick-start new projects and receive ongoing support. Partners that demonstrate consistent performance are rewarded with Premier and Elite levels of recognition, and through further training, gain advanced qualification for larger-scale projects and more extensive customer engagements. Premier and Elite Partners also enjoy access to exclusive product roadmap previews, dedicated relationship management with Moody’s Analytics, and invitations to the company’s proprietary events.

     

    “Over the last few years, we have established a network of trusted partners to implement Moody’s award winning software and analytic solutions at banks and insurance companies around the globe,” said Steve Tulenko, Executive Director, Enterprise Risk Solutions at Moody’s Analytics. “With the PartnerAlliance program, we are substantially increasing our clients’ deployment options and accelerating the delivery of solutions to meet business, risk management, and regulatory compliance needs.”

     

    For more information, please visit moodysanalytics.com/partneralliance.

     

    About Moody’s Analytics

     

    Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $3.6 billion in 2016, employs approximately 10,600 people worldwide and maintains a presence in 36 countries. Further information is available at www.moodysanalytics.com.

     

     



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    Business Wire India

    • Mitel Mobile, Xura and Ranzure Networks have combined to form the "new" Mavenir
    • Xura's CEO, Pardeep Kohli, formerly CEO of Mitel Mobile's predecessor (also named Mavenir Systems) will lead the new Mavenir
    • The transaction underscores Mavenir's commitment to providing best-in-class, cloud-proven 5G and IoT ready network solutions to Communications Service Providers ("CSPs"), helping them drive service differentiation and industry innovation

    Affiliates of Siris Capital Group, LLC (“Siris Capital” or “Siris”) and Xura, Inc. (“Xura”) announced the completion of the acquisition of Mitel Mobility, Inc. (“Mitel Mobile”), a division of Mitel Networks Corporation (“Mitel”, Nasdaq: MITL, TSX: MNW). This announcement follows the completion of Xura’s acquisition of Ranzure Networks, Inc. (“Ranzure”) on February 1, 2017, and the previously announced divestiture of Xura’s non-core enterprise messaging business (Xura Secure Communications, GmbH) on February 17, 2017. The transactions position the new Mavenir as a 100% carrier-focused solutions provider with a “future proof” and 5G ready software-based portfolio across every layer of the mobile network infrastructure stack. Mavenir will be headquartered in Richardson, Texas and led by Xura’s CEO, Pardeep Kohli.

     

    Pardeep Kohli, President and CEO of Mavenir, commented:

     

    “The completion of these transactions to form the new Mavenir represents a significant milestone in the evolution of Xura, Mitel Mobile, and Ranzure. These transactions bring together three complementary companies to establish a new industry leader that is singularly focused on accelerating and redefining network transformation for service providers. We are delighted to move forward as one company with a strong and shared commitment to customer enablement and success.”

     

    The New Mavenir Systems

     

    The new Mavenir positions itself as an industry leader in cloud-proven, NFV, SDN, and 5G ready software-based solutions across every layer of the network infrastructure stack, helping CSPs drive revenues and operating efficiencies by enabling increased network optimization, flexibility and scalability. Mavenir offers a comprehensive, fully-virtualized solution set across Voice-over-LTE (“VoLTE”), Voice-over-WiFi (“VoWiFi”), video, voicemail, advanced messaging, security, radio access network, and packet core. With its broad and complementary solutions offering, Mavenir will enable customers to focus on service innovation and monetization, while delivering the optimization to handle the next wave of exponential traffic growth from 5G and Internet of Things (“IoT”) applications and services.

     

    Hubert de Pesquidoux, the executive chairman of Mavenir and executive partner at Siris Capital, commented:

     

    “Today is the first of many exciting days for our newly established company. In the coming weeks and months, we look forward to integrating the businesses and moving forward as a single team dedicated to delivering on the promise of our technology and innovation. With a fully-virtualized, cloud-proven and 5G ready product portfolio, an accomplished leadership team, a deep technical bench, a cadre of over 2,000 dedicated employees worldwide, and the firm support of Siris Capital, the new Mavenir is well-positioned to bring the next wave of mobile network solutions to market and help transform the digital communications industry.”

     

    Concluding, Pardeep Kohli said:

     

    “Both Xura and Mitel Mobile have enduring track records of market-leading innovation and customer commitment, providing a solid foundation to realize Mavenir’s mission of partnering with its customers to deliver tomorrow’s vision today. I am honored and excited to lead the new Mavenir, and I look forward to working collaboratively with our customers as they transform their networks and bring differentiated services and solutions to market.”

     

    – Ends –

     

    About Mavenir Systems | Mavenir

     

    As a trusted partner, Mavenir accelerates and redefines network transformation for service providers. By offering a comprehensive product portfolio across every layer of the network infrastructure stack — from 5G application/service layer to the RAN and packet core – Mavenir leads the way in evolved, cloud-proven networking solutions enabling innovative and secure new experiences for end users. Through its industry first VoLTE, VoWiFi, Advanced Messaging and Cloud RAN solutions, Mavenir’s platform enables service providers to successfully deliver tomorrow’s vision today and realize new revenue streams and operating efficiencies. www.mavenir.com

     

    About Siris Capital Group, LLC | Siris Capital

     

    Siris Capital is a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies. Integral to Siris' investment approach is its partnership with exceptional senior operating executives, or Executive Partners, who work with Siris to identify, validate and operate investment opportunities. Their significant involvement allows Siris to partner with management to add value both operationally and strategically. To learn more, visit us at www.siriscapital.com.

     

     

     

     



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    Business Wire India
    Vivek Chaand Sehgal of the Motherson Sumi Systems Limited (MSSL), the flagship company of Samvardhana Motherson Group (SMG), was named the EY Entrepreneur Of The Year 2016. Nandan Nilekani, Co-founder, Infosys and Former Chairman, Unique Identification Authority of India (Aadhar card) felicitated with the Entrepreneur Of The Year Lifetime Achievement Award.
     
    The awards were presented by Shri Piyush Goyal, Minister of State (Independent Charge) for the Ministry of Power, Coal, New and Renewable Energy and Mines and Smt. Nirmala Sitharaman, Minister of State (Independent Charge), Ministry of Commerce & Industry, who were the Guests of Honor. They also presented awards across nine categories in the presence of over 400 guests including eminent business leaders.
     
    Learn more about the EOY 2016 Winners in this video:
     
    https://youtu.be/1yPsqlVWM3M

    EY Entrepreneur of the Year 2016: Winners

    • EY Entrepreneur Of The Year 2016: Vivek Chaand Sehgal
    Chairman, Motherson Sumi Systems Limited
    • Lifetime Achievement: Mr. Nandan Nilekani
    Co-founder, Infosys and Former Chairman, Unique Identification Authority of India (Aadhar card)
     
    Category Winners
    • Business Transformation: Dr. Abhay Firodia
    Chairman, Force Motors
    • Consumer Products & Retail: Chandubhai Virani
    Whole time Director, Balaji Wafers
    • Entrepreneurial CEO: Uday Shankar
    Chairman and Chief Executive Officer, Star India
    • Financial Services: Vishwavir Ahuja
     Managing Director and Chief Executive Officer, RBL Bank
    • Life Sciences & Healthcare: Samprada Singh and Basudeo Narain Singh
    Chairman Emeritus, and Executive Chairman, Alkem Laboratories
    • Manufacturing: Hari Mohan Bangur
    Managing Director, Shree Cement
    • Real Estate & Infrastructure: Vikas Oberoi
    Chairman and Managing Director, Oberoi Realty
    • Services: R Dinesh
    Managing Director, TVS Logistics Services
    • Start-up: Darshan Patel
    Chairman and Managing Director, Vini Cosmetics
      
    Read more about the 18th EY Entrepreneur of the Year™ at ey.com/in/eoy.

    About EY Entrepreneur Of The Year™ Award

    EY Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, EY Entrepreneur Of The Year™ celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in 60 countries.
     
    About EY

    EY is a global leader in its Assurance, Tax, Transaction and Advisory services. Our insights and the quality services we deliver help to build trust and confidence in capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In doing so, we play a critical role in building a better working world for our people, for our clients and for our communities.

    EY refers to the global organization and may also denote one or more of the member firms of EY Global Limited, each of which is a separate legal entity. EY Global Limited, a UK company, which is limited by guarantees, does not provide services to clients. For more information on our organization, please visit ey.com.
    This news release has been issued by EYGM Limited, a member firm of the global EY organization. It also does not provide services to clients. 

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    Business Wire India

    A new global survey has found that women of all generations shared similar views about the serious challenges preventing their societies from achieving gender equality. In fact, more than two-thirds of women around the world are not very optimistic that gender equality can be achieved in the next five years, and more than 30 percent believe gender equality is impossible.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170307005573/en/

     
    WU Multi-generational Research Study - Executive Summary 2017 (Graphic: Business Wire)

    WU Multi-generational Research Study - Executive Summary 2017 (Graphic: Business Wire)

    Women across all five countries (United States, United Kingdom, China, India and Brazil) were unified in their view that unlocking education for girls is key to achieving gender equality, along with accomplishing societal shifts in how girls and women are viewed. Nearly two thirds (63 percent) see gaining equality and inclusivity in the workplace as a vital first step.

     

    The multi-generational research conducted by Research Now and commissioned by Western Union (NYSE: WU), a global leader in payments and official International Women’s Day (IWD) sponsor, surveyed 5,000 women - spanning millennials, Gen X, boomers and senior groups - across the five countries.

     

    Some of the key findings in the research include:

     
    • 69% of women say girls need to be encouraged to speak up more to advocate for themselves, while 66% believe boys must be taught to listen, understand and respect more;
    • More than 67% say society expects women to take on responsibilities that it does not expect men to take on;
    • 78% feel that men and boys still believe they are superior to women;
    • 45% identify social and cultural factors where girls are viewed as inferior to boys and not worth educating as a barrier to girls accessing a quality education;
    • 62% say it is important to have educational programs that “teach girls diverse skills to be effective leaders and take risks”;
    • 60% also feel that it is important to have school social programs that grow girls’ confidence/self-worth;
    • Half of women want more lessons and textbooks to teach about the lives and accomplishments of women.

    Education has the power to be life changing for girls and a key determinant of their quality of life. Eighty-four percent of women agree that if we break down the barriers to quality education for all girls, we can unlock their potential and develop women that will change the world - immaterial of where they are based across the globe.

     

    President and CEO Western Union Hikmet Ersek,said: “These results are sobering, and show that all of us – as business leaders, global citizens, and parents – have a long way to go to achieve gender equality.

     

    “Western Union believes that every girl, everywhere, should have the chance to pursue her dreams and goals. That’s why we are a proud participant in International Women’s Day and we’re proud that 90 percent of the grants provided through the Western Union Foundation over the past 15 years have gone towards education programs.”

     

    In parallel, the Western Union Foundation is also announcing for IWD the “WU Scholars Program,”* a global scholarship program, dedicated to the education and empowerment of students around the world, including even more women.

     

    “Education is one of the most important investments we can make,” Ersek added. “It turns girls into leaders. It turns global citizens into economic drivers, who then continue to invest in education. It breaks down barriers to education and empowers a bolder generation of young women to achieve their true potential.”

     

    Western Union operates in more than 200 countries and territories around the world, and more than half of the people who sent money through its money transfer business in 2016 were women. Of those who received funds through Western Union, more than 65 percent were women.

     

    The company has also undertaken a multi-year effort – the Chain of Betters initiative – to stimulate recognizing good deeds, and extraordinary efforts by people to help one another. This year, Western Union has created a short video that inspires communities to champion a bolder generation of women through education. The video www.wu.com/chainofbetters/iwd/ shines a light on young girls in tribute of International Women’s Day.

     

    Breaking down barriers

     

    These findings have inspired Western Union to expand its commitment to break down barriers across the globe and launch a $250,000 Global Scholarship Program, which launches on March 8 in line with IWD 2017. The program will provide financial support to students around the world, including young women, giving access to the knowledge and skills needed to pursue their dreams with confidence - www.WUScholars.org.

     

    #BeBoldForChange

     

    In honor of IWD, Western Union is inviting people to empower women by sharing the best, bold advice they’ve ever given or received about fearlessly pursuing a dream. It might be a piece of sage advice from your mom, your favorite inspirational quote, or something you say to your kids. Use hashtags #TheRaceIsOn#BeBoldForChange to inspire others and show you believe every girl deserves her place on the starting line.

     

    To review the key global findings of the study, please visit https://www.westernunion.com/blog/women-globally-arent-optimistic-gender-equality/.

     

    Key Country findings

     

    United States:

    • 80% of American women are not very optimistic that gender equality can be achieved in the next five years, and 20% believe gender equality is impossible;
    • 74% say girls need to be encouraged to speak up more to advocate for themselves, while 69% believe boys must be taught to listen, understand and respect more;
    • 69% say society expects women to take on responsibilities that it does not expect men to take on;
    • 73% feel that men and boys still believe they are superior to women;
    • 38% identify social and cultural factors, where girls are viewed as inferior to boys and not worth educating, as a barrier to girls accessing a quality education;
    • 66% say it is important to have educational programs that teach girls diverse skills to be effective leaders and take risks;
    • 52% want more lessons and textbooks to teach about the lives and accomplishments of women;
    • 82% agree that if barriers to quality education for all girls are broken down, we can unlock their potential and develop women that will change the world;
    • 71% see gaining equality and inclusivity in the workplace as a vital first step.

    United Kingdom:

    • 88% of British women are not very optimistic that gender equality can be achieved in the next five years, and 25% believe gender equality is impossible;
    • 68% say girls need to be encouraged to speak up more to advocate for themselves, while 65% believe boys must be taught to listen, understand and respect more;
    • 68% say society expects women to take on responsibilities that it does not expect men to take on;
    • 72% feel that men and boys still believe they are superior to women;
    • 36% identify social and cultural factors, where girls are viewed as inferior to boys and not worth educating, as a barrier to girls accessing a quality education;
    • 59% say it is important to have educational programs that teach girls diverse skills to be effective leaders and take risks;
    • 43% want more lessons and textbooks to teach about the lives and accomplishments of women;
    • 77% agree that if barriers to quality education for all girls are broken down, we can unlock their potential and develop women that will change the world;
    • 67% see gaining equality and inclusivity in the workplace as a vital first step.

    Brazil:

    • 61% of Brazilian women are not very optimistic that gender equality can be achieved in the next five years, and 41% believe gender equality is impossible;
    • 79% say girls need to be encouraged to speak up more to advocate for themselves, while 77% believe boys must be taught to listen, understand and respect more;
    • 75% say society expects women to take on responsibilities that it does not expect men to take on;
    • 87% feel that men and boys still believe they are superior to women;
    • 45% identify social and cultural factors, where girls are viewed as inferior to boys and not worth educating, as a barrier to girls accessing a quality education;
    • 71% say it is important to have educational programs that teach girls diverse skills to be effective leaders and take risks;
    • 56% want more lessons and textbooks to teach about the lives and accomplishments of women;
    • 87% agree that if barriers to quality education for all girls are broken down, we can unlock their potential and develop women that will change the world;
    • 65% see gaining equality and inclusivity in the workplace as a vital first step.

    China:

    • 82% of Chinese women are not very optimistic that gender equality can be achieved in the next five years, and 36% believe gender equality is impossible;
    • 50% say girls need to be encouraged to speak up more to advocate for themselves, while 43% believe boys must be taught to listen, understand and respect more;
    • 44% say society expects women to take on responsibilities that it does not expect men to take on;
    • 72% feel that men and boys still believe they are superior to women;
    • 44% identify social and cultural factors, where girls are viewed as inferior to boys and not worth educating, as a barrier to girls accessing a quality education;
    • 45% say it is important to have educational programs that teach girls diverse skills to be effective leaders and take risks;
    • 34% want more lessons and textbooks to teach about the lives and accomplishments of women;
    • 86% agree that if barriers to quality education for all girls are broken down, we can unlock their potential and develop women that will change the world;
    • 56% see gaining equality and inclusivity in the workplace as a vital first step.

    India:

    • 41% of India women are not very optimistic that gender equality can be achieved in the next five years, and 39% believe gender equality is impossible;
    • 79% say girls need to be encouraged to speak up more to advocate for themselves, while 78% believe boys must be taught to listen, understand and respect more;
    • 81% say society expects women to take on responsibilities that it does not expect men to take on;
    • 86% feel that men and boys still believe they are superior to women;
    • 61% identify social and cultural factors, where girls are viewed as inferior to boys and not worth educating, as a barrier to girls accessing a quality education;
    • 72% say it is important to have educational programs that teach girls diverse skills to be effective leaders and take risks;
    • 63% want more lessons and textbooks to teach about the lives and accomplishments of women;
    • 91% agree that if barriers to quality education for all girls are broken down, we can unlock their potential and develop women that will change the world;
    • 54% see gaining equality and inclusivity in the workplace as a vital first step.

    *The WU Scholar Program is administered and operated by the Institute of International Education, Inc. (IIE) a US private not-for-profit leader in the international exchange of people and ideas. The Western Union Foundation is a separate §501(c)(3) recognized United States non-profit corporation supported by the Western Union Company, its employees, Agents, and business partners working to support education and disaster relief efforts as pathways toward a better future.

     

    About Western Union

     

    The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of December 31, 2016, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 550,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to billions of accounts. In 2016, The Western Union Company completed 268 million consumer-to-consumer transactions worldwide, moving $80 billion of principal between consumers, and 523 million business payments. For more information, visit www.westernunion.com.

     

    WU-G

     

     

     

     

     

     
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    Business Wire India

    The European Patent Office (EPO) published today its Annual Report including the list of top 100 patent applicants for 2016, with Philip Morris International Inc. (“PMI”) (NYSE / Euronext Paris: PM) ranked 63rd. PMI is the only tobacco company on the list.

     

    PMI is committed to a smoke-free future, where non-combustible alternatives replace cigarettes to the benefit of smokers, public health and society at large.

     

    PMI’s patent portfolio includes over 1800 patents granted and almost 4000 pending applications published for intellectual property generated during the development of our smoke-free products. They include a wide range of innovations, such as technologies to precisely heat tobacco instead of burning it, new ways to heat liquids in e-cigarettes and manufacturing processes.

     

    Michele Cattoni, PMI’s VP Technology and Operations for smoke-free products said: “Developments in technology and science are key to our commitment to provide all adult smokers a range of better alternatives to cigarettes. Our scientists are inventing new ways to deliver a satisfying experience to smokers without burning tobacco. Our patents are tangible evidence of our progress towards a smoke-free future, where cigarettes will be replaced by non-combustible products.”

     

    Since 2008, PMI has hired over 400 scientists and experts and invested over USD 3 billion in research, product development and scientific substantiation for smoke-free products. The Company openly shares its scientific methodologies and findings for independent third-party review and verification, available on PMIScience.com. All research to date on its most advanced smoke-free product, IQOS, clearly indicates that it is likely to present less risk of harm than continued smoking. Over 1.4 million smokers have already fully switched to it.

     

    To learn more about how PMI is designing a smoke-free future, please visit the new company website at www.pmi.com.

     

    Philip Morris International Inc.

     

    Philip Morris International Inc. (PMI) is the world’s leading international tobacco company, with six of the world's top 15 international brands and products sold in more than 180 markets. In addition to the manufacture and sale of cigarettes, including Marlboro, the number one global cigarette brand, and other tobacco products, PMI is engaged in the development and commercialization of Reduced-Risk Products (RRPs). RRPs is the term PMI uses to refer to products that present, are likely to present, or have the potential to present less risk of harm to smokers who switch to these products versus continued smoking. Through multidisciplinary capabilities in product development, state-of-the-art facilities, and industry-leading scientific substantiation, PMI aims to provide an RRP portfolio that meets a broad spectrum of adult smoker preferences and rigorous regulatory requirements. For more information, see www.pmi.com and www.pmiscience.com.

     

     

     

     



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    Business Wire IndiaBharat QR, the world’s first interoperable Quick Response (QR) code acceptance solution, has been developed by Mastercard in collaboration with National Payments Corporation of India (NPCI) and Visa. American Express is also on board to adopt these standards.

    The payment solution is expected to revolutionize the payments landscape altogether, besides driving greater acceptability and adaptability among the masses with its inherent ease of use and low cost of deployment.

    We are decoding BharatQR in 6 easy steps for consumers to understand the new payment method:


    About Mastercard
     
    Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @mastercardindia and @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

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    Business Wire India

    FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, today announced that Sydney-based Dalton Street Capital, in partnership with Prodigy Investment Partners, has deployed the FlexTRADER EMS to facilitate global cross asset trading of futures, equities and FX.

     

    According to Alan Sheen, Co-Founder and Director, Dalton Street Capital, choosing to partner with FlexTrade was an easy choice after reviewing the firm’s trading solutions and technical support. “FlexTrade’s multi-asset trading EMS, combined with its automation capabilities and intuitive API interface, were truly impressive,” said Sheen. “Now we can automatically hedge our foreign exchange exposure while seamlessly managing cross asset risk.”

     

    Sheen continued: “Also, one of our primary concerns was finding a firm that would be there for us as our trading requirements increase. Once again, FlexTrade fit the bill.With their exceptional technical expertise and development capabilities, we feel we have a technology partner in which we can expand and grow our business over the long term.”

     

    “We are thrilled to partner with Dalton Street Capital and Prodigy Investment Partners,” said Dan Enstedt, Vice President of Business Development for FlexTrade’s Sydney-based operations covering Australia and New Zealand. “It’s vital for a firm such as Dalton Street Capital to be able to handle all their global multi-asset flow through one execution platform.With FlexTRADER’s seamless API integration capabilities, Dalton Street Capital can streamline their quantitative investment approach, providing the ability to trade quickly and efficiently across global markets ensuring best execution.”

     

    FlexTRADER is an award-winning, fully customizable execution management system (EMS) with pre-defined trading strategies and tactics for portfolio and single stock trading across all asset classes, including equities, FX, options, futures and fixed income.

     

    About FlexTrade Systems, Inc.

     

    Founded in 1996, FlexTrade Systems Inc. is the industry pioneer in broker-neutral order and execution management trading platforms for equities, foreign exchange, listed derivatives and fixed income. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 175 buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. For more information, visit FlexTrade Systems at www.flextrade.com or follow news of the company on Twitter at www.twitter.com/flextrade or LinkedIn at http://www.linkedin.com/company/flextrade.

     

    About Dalton Street Capital (DSC):

     

    Dalton Street Capital is a boutique absolute return investment manager who has partnered with Prodigy Investment Partners, a multi-boutique investment firm established in June 2014. The Dalton Street Capital investment strategy is based on mathematically established principles of behavioural finance and rigorous logic. This approach provides investors with strong absolute returns and low correlation to traditional asset classes. www.daltonstreetcapital.com.

     

     

     

     



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    Business Wire India

    • A venture initiated in the Affiliate networking industry by MainAd, Hina Mittal Nayar, Sumit Nayar & Infospica
    • Participation at AD:tech 2017
    • Infospica – the technology partners to solutions

    ProfiliAd Media, a performance-based affiliate marketing network announces at AD: tech 2017 to introduce innovative technological solutions in the affiliate marketing ecosystem. The company is an extension of the Italy-based retargeting company, MainAd. ProfiliAd has partnered with Infospica, a technology giant based out of Trivandrum, India. The brand is participating at AD: tech 2017 to showcase its products and services which are tailored to adapt to the dynamic changes in the affiliate marketing industry.
     
    Speaking at the event Marino Gualano, General Manager & Co-Founder, MainAd said, “India is a fast-growing economy with significant development in technology and innovation. With ProfiliAd, MainAd marks its entry into the Indian affiliate networking industry with a vision to introduce new age marketing solutions. Indian affiliate market is a systematic industry and shows immense growth opportunity. We are confident about our success with the innovations and developments here.”
     
    At AD: Tech 2017, ProfiliAd has organized an engaging activity for its audience at its booth. The company has set up a golf-putting zone for a Golf Game and plans to give away an iPhone7 for the participant who wins it. The focus of the company is to bring in new technological solutions in the affiliate industry through innovation backed by deep research and industry insights.

    Hina Mittal Nayar, CEO, ProfiliAd stated at the event “This is my first entrepreneurial venture. With ProfiliAd, we are aiming to develop solutions that will address the changing needs and demands of affiliate marketing industry. ProfiliAd is in the process of developing a bidding platform equipped with unique features that categorically distinguishes it from the existing bidding options in the industry. In line with our thoughts, our primary aim entails technological innovation and we are working towards developing comprehensive solution models that address the industry concerns.”
     
    ProfiliAd, the first venture of MainAd in Indian affiliate industry, plans to become the digital marketing partners of advertisers and publishers with advanced solutions along with strategic consultancy to generate incremental value for their businesses. It aims to disrupt the traditional affiliate network models with new age technological solutions and empower marketers and agencies to track and optimise partnerships. The organisation offers customised solutions, comprehensive reporting suites to facilitate advertiser and publisher collaborations.


    About ProfiliAd
     
    ProfiliAd is a performance based dynamic Affiliate Marketing Network. It is a venture formed by MainAd, Hina Mittal Nayar, Sumit Nayar & Infospica-Technology Partner company. ProfiliAd is technology driven company to ensure that its publishers and advertisers are equipped with the most reliable and accurate technology to properly optimize their web and mobile performance marketing operations. ProfiliAd is made up of a highly skilled, proactive, energetic and professionally trained team of experts dedicated to ensure both the publishers and advertisers achieve their goals.
     
    The major goal at ProfiliAd is to become the digital marketing partners of its advertisers, provide them the needed consultancy and generate incremental value for their businesses, while ensuring the publishers have the best tools and services they need to monetize their inventory.
     
    The idea to develop innovative technologies to curb the persistent challenges in the affiliate marketing industry like fraudulent activities, inappropriate targeting, tracking concerns etc.

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    Business Wire India

    According to the report, it is expecting real GDP growth to accelerate to 7.4% in 2017/18 as spending rebounds from the shock of demonetisation; in 2018/19 and 2019/20 growth should fade slightly on fiscal consolidation. Successful implementation of important reforms should support investment growth—for example higher public capital spending and a new harmonised goods and services tax (GST) should increase inter-state trade and attract foreign capital.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170315005478/en/

     
    Central Statistical Office (CSO), Haver Analytics and QNB Economics forecasts (Graphic: ME NewsWire)

    Central Statistical Office (CSO), Haver Analytics and QNB Economics forecasts (Graphic: ME NewsWire)

    Inflation is expected to accelerate to 5.2% in 2017/18 on rising food prices following an exceptionally good monsoon season the previous year and stronger energy prices. We expect inflation to then stabilise at 5.0% in 2018/19 and 2019/20, in line with slower growth in food and oil prices; inflation will remain between the RBI’s range of 4 +/- 2%. Fiscal consolidation is planned to continue with the deficit narrowing from an estimated 6.7% of GDP in 2016/17 to 5.8% in 2019/20.

     

    Consolidation will be achieved mainly through current spending restraint, especially on wages and subsidies. Implementation of the GST will raise revenues by increasing the tax base and boosting inter-state trade. Credit growth is expected to reach 8.8% in 2017/18 and 2018/19 and pick up to 9.0% in 2019/20, as confidence improves with the demonetisation shock fading and bank balance sheets strengthen on a government USD10.4bn capital injection. Deposit growth should slow in 2017/18 to 9.1% and stabilise thereafter, as withdrawal limits imposed during demonetisation are relaxed.

     

    Consequently, we expect the loan-to-deposit ratio to decline from an estimated 74.3% in 2016/17 to 73.9% by 2019/20.

     

    Other recent QNB Economic Insight reports include China, India, Indonesia, Jordan, Kingdom of Saudi Arabia, Kuwait, Oman, Qatar, Singapore, the United Arab Emirates and Vietnam are available on the QNB Group website. QNB Group operates in more than 30 countries across 3 continents and its economic reports leverage its knowledge of these markets to provided added value for its clients and counterparties.

     

    Disclaimer and Copyright Notice: QNB Group accepts no liability whatsoever for any direct or indirect losses arising from use of this report. Where an opinion is expressed, unless otherwise provided, it is that of the analyst or author only. Any investment decision should depend on the individual circumstances of the investor and be based on specifically engaged investment advice. The report is distributed on a complimentary basis. It may not be reproduced in whole or in part without permission from QNB Group.

     

    *Source: ME NewsWire

     

     

     

     
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    Business Wire India
    HDFC Life brand campaign 'Apno ko apne dum pe jeena sikhao’ is currently on air. The commercial draws light on how financial planning and support of the husband enables his wife to fulfil her dreams even after his untimely death. The commercial highlights an innate ‘pride’ story. We realised that there are millions of such stories and moments around the country. Which is why we launched our experiential campaign #MyMomentOfPride. Giving people a new platform to come forward and say Thank You to their loved ones, for enabling them to lead a life of pride.

    Speaking about the campaign, Sanjay Tripathy, Senior EVP – Marketing, Analytics, Digital & Ecommerce, HDFC Life said,the campaign focuses on how empowerment is the real benefit of insurance purchase and how it enables loved ones to lead a life of pride. Taking this thought on ground through experiential medium as well, we encouraged people to come forward and thank those who have empowered them and enabled them to lead a life of pride.”

    Talking about the thought behind the campaign, Vandana Verma, Executive Vice President, Arc India said “Today, we’re so easily giving out 'Thank Yous’ to one and all, but we rarely say it to those who matter. Especially to the special few who gave their all to make us independent and proud. This activity was aimed at building a platform for people to thank their loved ones. Their ’Thank You’ moments were captured and each person walked away with a special memento of their messages. Soon, we plan to showcase their pictures on a giant billboard of pride. The activity perfectly lent itself to our campaign thought 'Apno ko apne dum pe jeena sikhao'.”
     
    Thousands of people from all age groups and walks of life lined up to have their pictures taken. They opened their hearts and poured their ‘Thank You’ messages on to the boards which were then instantly captured and framed for their memories.

    The activity was taken nationwide & carried out in popular malls across major metro cities: Mumbai, Delhi, Kolkata and Bangalore; Cinepolis cinema properties; and even in non-metro cities like Lucknow, Chandigarh, Bhopal, Pune etc. It was also taken across channel partner branches and some corporates across the country, with extensive promotions on digital media as well.

    The activity culminates with an OOH leg to it called the ‘Billboard of Pride’, which is a large billboard featuring the images of some of the participants and has been launched across cities. A short film that captures the excitement and fever of the nationwide activity is also underway.

    In the meanwhile, HDFC Life proudly celebrates the success of thousands of people opening up and sharing their moments of pride, bringing into forefront the beautiful idea of saying something as simple as Thank You.


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    Business Wire India

    Entries are now open for the 2017 BAI Global Innovation Awards. With 13 honors spanning 10 categories, BAI’s Awards celebrate the greatest achievements and innovations in the financial services industry. Nominations will be accepted through Friday, April 28, 2017, with a shortlist of nominations for each category announced by late summer. Winners will be recognized at BAI Beacon 2017 (Oct. 4-5) in Atlanta.

     

    BAI’s Global Innovation Awards program serves as a catalyst for worldwide financial services innovation. Since 2011, the BAI Global Innovation Awards have provided a global platform to inspire and connect forward-thinking financial services organizations and leaders who are driving positive change and moving the industry forward, positively impacting customer experience, efficiency and profitability.

     

    The 2017 BAI Global Innovation Awards will be presented in the following categories:

     
    • Product and Service Innovation
    • Channel Innovation
    • Innovation in Payments & Wallets
    • Internal Process Innovation
    • Innovation in Societal and Community Impact
    • Innovation in Human Capital – NEW!
    • Innovation in Marketing – NEW!
    • Innovation in User Experience – NEW!
    • Innovative Accelerator or Incubator – NEW!
    • Breakthrough Collaboration in Financial Services – NEW!

    The expanded categories provide additional opportunities for financial services organizations to highlight unique strengths, or areas where they’re taking risks to deliver new value to consumers. The Awards program is changing just as the industry is changing, making now the ideal time to incorporate new elements into the Awards.

     

    “Technology and digitization have been driving forces for the transformation of financial services since the inception of the Awards,” said Debbie Bianucci, BAI President & CEO. “We are now seeing the integration of emerging technologies to accelerate the rate at which banks innovate and deliver new products and services to consumers, globally.”

     

    The BAI Global Innovation Awards are open to financial services organizations, including FinTech companies that directly serve consumers worldwide. Program participation provides enduring recognition and global visibility for groundbreaking achievements in financial services innovation. Winners and finalists benefit from an elevated status as industry visionaries and trailblazers within a rapidly evolving financial services landscape.

     

    To learn more about the BAI Global Innovation Awards and submit nominations, please visit BAIGlobalInnovations.com. To learn more about BAI Beacon, visit BAIBeacon.com.

     

    About BAI

     

    BAI delivers the financial services industry’s most actionable insights, enabling leaders to make smart business decisions, every day. We’re passionate about the trusted information and powerful tools that provide leaders with the clarity and confidence needed to prepare for tomorrow, while performing better today. For more information, visit www.bai.org.

     

    BAI is the Bank Administration Institute and BAI Center.

     

     

     

     



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