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- 12/11/17--04:11: _UAE Exchange India ...
- 12/11/17--04:45: _TEXPROCIL Welcomes ...
- 12/11/17--05:15: _Ebix's Travel Excha...
- 12/11/17--19:52: _Interactive Brokers...
- 12/12/17--05:35: _Bajaj Finserv Lower...
- 12/14/17--23:58: _Axis Bank to Launch...
- 12/15/17--23:30: _Power2SME and TiE D...
- 12/16/17--01:20: _FINEOS Announces Th...
- 12/18/17--23:40: _Phonon's Chatbot to...
- 12/19/17--01:46: _TrakInvest has Move...
- 12/21/17--21:41: _Dimension Data Sets...
- 12/22/17--21:20: _Starr Companies Ann...
- 12/28/17--23:20: _UAE Exchange India ...
- 12/29/17--01:35: _Cube Highways to Se...
- 02/28/18--01:42: _Egon Zehnder Report...
- 02/28/18--22:59: _Bajaj Finserv Expan...
- 03/01/18--09:00: _Visa’s Everywhere I...
- 02/28/18--02:20: _Latest GSMA Report ...
- 02/28/18--03:02: _IDEMIA Provides Spr...
- 03/01/18--22:23: _BAI Announces Its 2...
- 12/11/17--04:11: UAE Exchange India Team says Thank You to Metro Hyderabad
- 12/11/17--04:45: TEXPROCIL Welcomes Mid Term Review of Foreign Trade Policy 2015-20
- Up to 50% cashback on flight tickets,
- Best deals on more than 400,000 hotels across the world, or up to 80% off on hotels,
- Up to Rs. 30,000 off on holiday packages to exotic locales like Europe, South Africa & Australia
- Benefits for advance booking traveller who is looking to secure great deals for the 2018 summer vacations
- 12/12/17--05:35: Bajaj Finserv Lowers its Home Loan Interest Rates to 8.35 percent
- 12/14/17--23:58: Axis Bank to Launch 'Axis Start-up Social'
- Mr. Sumit Bhatia - Senior Vice President - Business Operations, Power2SME
- Dr. H P Kumar - Director - External Affairs, Power2SME
- Mr. Rakesh Malhotra - Founder, SAR Group
- Mr. Rakesh Rewari - Ex. CEO, SIDBI
- Dr. Rajesh Jain - Joint Managing Director, Panacea Biotec Ltd.
- 12/16/17--01:20: FINEOS Announces Three New Customers in the Cloud
- 12/28/17--23:20: UAE Exchange India Celebrates Christmas at St. Teresa's School
- 02/28/18--01:42: Egon Zehnder Reports Sustained Financial Growth for 2017
- 02/28/18--22:59: Bajaj Finserv Expand its Life Care Financing Segment
- To provide EMI finance option for 160+ medical procedures
- Ties-up with Ruby Hall Clinic, Pune
Robust country lineup: The 2018 roster spans five continents, with the next two programs launching in the United States on March 19 and Russia on March 15. The lineup includes Visa’s Everywhere Initiatives in the following locations:
- North America: United States
- Asia-Pacific: Thailand*, Vietnam*, China
- Latin America: Mexico, Colombia, Peru, Chile, Brazil, Argentina
- Europe; Middle East: Russia*; additional Europe countries to be added
- Africa: Sub-Saharan Africa*
- New participants: Visa’s Everywhere Initiative will usher in the next generation of innovators with the addition of three student-focused initiatives: in Europe, a partnership with Junior Achievement, student participation in the Russia 2018 VEI program, and with Northwestern University’s “MMM” student program in the United States.
- Dynamic format: The program will expand beyond the traditional country competition format to offer more ways for startups to participate in Visa’s Everywhere Initiative, which may include immersion workshops at Visa’s global network of Innovation Centers, networking opportunities within Visa’s global partner network and expanded regional competitions.
- Innovative briefs: To support the global trends shaping the FinTech category as outlined in Visa’sInnovations for a Cashless World: Consumer Desire and the Future of Payments report, start-ups will answer briefs tackling the biggest challenges that face the commerce landscape today, both globally and regionally – for example, expanding access to digital payments in Latin America, conversational commerce solutions in North America, cross border travel for tourists in Asia, open banking solutions in Europe and more.
- Bridge of support: To reward top participants, Visa may provide monetary prizes, access to Visa’s products and services via APIs on Visa Developer Platform, expert mentorship and support from Visa and exposure to key FinTech constituents across banking, merchant and government sectors.
- Strong growth in customer registrations in 2017 led to the addition of over 136 million new registered accounts, bringing the global total to 690 million mobile money accounts, a 25 per cent increase from 2016;
- A growing number of mobile money services are seeing the proportion of their customer base regularly using their service increase to over 50 per cent, especially where providers have a strong distribution network, enabling regulation and rely more on an account-based business model;
- More funds are entering and leaving the mobile money ecosystem in digital form; bulk disbursements, bill payments and bank-to-wallet transactions have been the main drivers. In 2017, nearly 25 per cent of incoming funds were digital, compared to nearly 12 per cent in 2012; and
- Many successful providers are decreasing the net cost of the agent network – the cost of managing an agent network can account for more than half of total revenues, so this trend can significantly affect investment incentives.
- Best Application of Data Analytics, AI or Machine Learning in a Product or Service (New)
- Innovative Touchpoints & Connected Experiences (New)
- Internal Process Innovation
- Human Capital Innovation
- Innovation in Societal and Community Impact
- Innovation in Marketing
- Innovation in Customer Experience (New)
- Innovative Accelerator or Incubator
- Honorable Mention: Wild Card (New)
Business Wire India
|UAE Exchange AP team in Metro|
As a response to the rising public transport needs and to mitigate escalating vehicular traffic, Hyderabad city launched the longest Metro rail in the Indian Metro project, inaugurated by Prime Minister Narendra Modi on November 29th 2017. Hyderabad reigns on the 7th place with metro rail brought into the city. It is the cheapest and undoubtedly the fastest way to travel around the city.
Travelling in a metro is a pride moment for all because it shows that nation is moving towards growth with an advanced and eco-friendly transport system for the public. As a support towards a pollution free environment, UAE Exchange India gathered with 60 staffs from 12 branches wearing Company T-shirts, travelling in metro from Begumpet to Ameerpet on December 2nd2017 at 3.30PM. This get-together was aimed to motivate the employees and the local public to make use of eco-friendly transport system creating a better environment for the future generation and also express their ‘Thank you’ for bringing metro to the city. UAE Exchange India has 14 branches out of which Erragadda, Charminar, Habsiguda, Secunderabad, Uppala and Dilsukh Nagar are well connected to the metro stations. About UAE Exchange India
UAE Exchange India is one of the best and renowned financial service providers with its penchant quality and optimized service trends. Connecting people and creating progress with the finest of quality is the vision of the company which has made it extend its frontiers to over than 375 locations serving a population of 1.25 million people under the proficient support of 3500 employees. The company helped to provide excellent service in Foreign Exchange, Money Transfer, Air Ticketing & Tours, Loans, XPay Cash Wallet, Insurance and Share Trading.
Business Wire India
|Mr. Ujwal R. Lahoti, Chairman - TEXPROCIL|
The Government has announced the Mid Term Review of Foreign Trade Policy (FTP) 2015-20 on 5.12.2017. Shri Ujwal Lahoti, Chairman of The Cotton Textiles Export Promotion Council ( TEXPROCIL) said, “The Mid Term Review of Foreign Trade is progressive, growth oriented and I am glad that the Government has recognized the urgent need to address the challenges being faced by the exporters on account of the roll out of the GST regime by focussing on reducing procedural burden.” The revised FTP has increased MEIS rates across the board by 2% for labour intensive sectors. Earlier the MEIS rates for Garments and Made ups were increased from 2% to 4%. The enhanced MEIS rates will provide the much needed relief to exporters and will certainly have a positive impact on the overall exports especially of textile products, according to Shri Lahoti. He also said the increase in the validity of duty credit scrips issued under the MEIS from 18 months to 24 months will increase the utility of such scrips.
With regard to export strategy, the Chairman, TEXPROCIL said it is reassuring that the revised FTP identifies markets in Africa and Latin America to be its new focus areas as part of the Government's goal of exploring new markets.
The revised Foreign Trade Policy (FTP) has introduced a new scheme known as Self Ratification Scheme under which Advance Authorizations will be issued to eligible exporters in those cases where there are no SION/valid Adhoc Norms for an export product and where SION has been notified but exporter intends to use additional inputs in the manufacturing process on the basis of self declaration. The textiles sector especially technical textiles sector will benefit immensely from this scheme, according to the Chairman, TEXPROCIL. The scheme also allows domestic procurements which will promote “Make in India”, said Shri Lahoti.
TEXPROCIL has been representing for enhanced benefits for Cotton Shopping bags covered under Chapter 42 of the ITC (HS) Classification. Shri Lahoti welcomed the increase in MEIS rate for Cotton shopping Bags from 3% to 5%.
While the Mid Term Review of FTP 2015-20 has addressed many of the issues faced by the exporters, there are still some areas that need to be addressed immediately to promote exports of textiles, according to Shri Lahoti. He pointed out that Cotton Yarn continues to be denied any benefit under the FTP. Shri Lahoti urged the Government to include Cotton Yarn under MEIS and 3% Interest Equalization Scheme, extend the benefit of 3% Interest Equalization Scheme to merchant exporters, cover Fabrics under RoSL, increase MEIS rates for fabrics and to allow domestic procurements against EPCG Authorizations and Advance Authorizations without payment of GST for export production.
Business Wire IndiaEbixCash, India’s leading Financial Exchange and an initiative of Ebix, Inc. (NASDAQ: EBIX), today announced the launch of ‘The Biggest Online Travel Sale’ through its Travel Exchange Via.com. The 8-day sale will feature cashback on domestic and international airlines, special offers on top hotel chains and amazing deals on holiday packages.
The Biggest Online Travel Sale – BOT 2017 – will go live from 10th December 2017 across Via.com desktop site, mobile site, Android and iOS app, and will last till 17th December 2017. BOTS 2017 will be actively promoted through television ads on a number of creative mediums including Star Sports Television channel during the India – Sri Lanka one day and T20 cricket matches beginning this Sunday. It will be promoted on social media with the hashtag #VIABOTS.
With the aim of building an airport like enterprise exchange for India, while consolidating the entire gamut of financial services, Travel is a key element of the EbixCash Financial Exchange, with an estimated 600 million Indians taking some kind of travel voyage last year.
Bhavik Vasa, Chief Growth Officer, EbixCash said, “This is the third edition of the Biggest Online Travel Sale and we expect this to be the largest travel sale ever in terms of scale and bookings. The Christmas holiday period is traditionally a period of vacationing and travel for people across the country, and thus our holiday sale is targeted to maximize savings on travel and accommodations for our customers.”
Customers can avail blockbuster deals in this sale period, which include:
Via is recognized as a leader in the travel space in India, besides being the only profitable Travel exchange out of all its peers, while having grown at a CAGR of 45% over the last 3 years. One of South East Asia’s leading travel exchanges with over 110,000 distribution outlets and 8000 corporate clients, Via processes over 24.5 million transactions every year. Via’s multi-channel exchange also engages directly with consumers through its B2C website and mobile application platforms.
Via is an integral part of the Ebix group’s integrated EbixCash platform, that offers mobile Phone Recharges, Money Transfer, Insurance, Prepaid Gift Cards & Retail Products, besides Domestic & International Air, Hotel & Holidays, Rail, Bus and Rental Car bookings amongst other services.
About Ebix Inc.
A leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, Ebix, Inc. provides end-to-end on-Demand solutions ranging from infrastructure exchanges, front end & back end enterprise systems, outsourced administrative & custom software development solutions, and risk compliance solutions for various entities involved in these industries.
With 45+ offices across Australia, Brazil, Canada, India, New Zealand, Singapore, the US and the UK, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance while conducting in excess of $100 billion in insurance premiums annually on its platforms. Through its various SaaS-based software platforms, Ebix employs hundreds of domain specific business and technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company’s website at www.ebix.com
An EbixCash initiative, Via.com has a robust distribution network which encompasses over 85,000 agents in India, 14,700 agents in Indonesia, 9,900 agents in Philippines, 600 agents in Singapore, 350 agents in UAE and Oman, and has also emerged as the largest travel solutions provider in Philippines.
Incorporated in February 2007 in Bangalore, India, the Company is one of the fastest growing & profitable travel companies in Asia's online space driven by technology. The Company is a leading distributor of transportation ticketing, accommodation reservation, packaged tours, corporate travel management, travel ancillaries, retail and financial services. The company offers its services through a robust, highly scalable cloud based technology platform consisting of mobile apps, websites, corporate platform, and a centralized, toll-free, 24-hour customer service center.
VIA's Corporate Travel Management Business unit helps corporate clients effectively manage their travel needs and significantly reduce travel expenses. VIA expanded its footprints to Philippines, Indonesia, Singapore and UAE. Today, Via's network includes over 110,000 active travel partners across 2,700 towns and cities & over 13,000 pin codes across Asia and over 7000+ signed SMEs. For more information, visit the Company’s website at http://www.via.com
An Ebix Group initiative, EbixCash is emerging as one of the leading Financial Exchanges in India. With a ‘Phygital” strategy that combines 224,000 physical distribution outlets to a Omni-channel online digital platform, EbixCash has established an enterprise financial exchange portfolio that encompasses leadership in money remittance (domestic & international), travel, pre-paid & gift cards, utility payments etc. Ebix’s recent joint venture initiative with Bombay Stock Exchange positions it strongly in India’s insurance sector. EbixCash’s portfolio of products can be accessed digitally anywhere as also across its distribution outlets spread over 5,500+ cities and towns. For further details, visit www.ebixcash.com
SAFE HARBOR REGARDING FORWARD-LOOKING STATEMENTS
As used herein, the terms “Ebix,” “the Company,” “we,” “our” and “us” refer to Ebix, Inc., a Delaware corporation, and its consolidated subsidiaries as a combined entity, except where it is clear that the terms mean only Ebix, Inc.
The information contained in this Press Release contains forward-looking statements and information within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. This information includes assumptions made by, and information currently available to management, including statements regarding future economic performance and financial condition, liquidity and capital resources, acceptance of the Company's products by the market, and management's plans and objectives. In addition, certain statements included in this and our future filings with the Securities and Exchange Commission ("SEC"), in press releases, and in oral and written statements made by us or with our approval, which are not statements of historical fact, are forward-looking statements. Words such as "may," "could," "should," "would," "believe," "expect," "anticipate," "estimate," "intend," "seeks," "plan," "project," "continue," "predict," "will," "should," and other words or expressions of similar meaning are intended by the Company to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are found at various places throughout this report and in the documents incorporated herein by reference. These statements are based on our current expectations about future events or results and information that is currently available to us, involve assumptions, risks, and uncertainties, and speak only as of the date on which such statements are made.
Our actual results may differ materially from those expressed or implied in these forward-looking statements. Factors that may cause such a difference, include, but are not limited to those discussed in our Annual Report on Form 10-K and subsequent reports filed with the SEC, as well as: the risk of an unfavorable outcome of the pending governmental investigations or shareholder class action lawsuits, reputational harm caused by such investigations and lawsuits, the willingness of independent insurance agencies to outsource their computer and other processing needs to third parties; pricing and other competitive pressures and the Company's ability to gain or maintain share of sales as a result of actions by competitors and others; changes in estimates in critical accounting judgments; changes in or failure to comply with laws and regulations, including accounting standards, taxation requirements (including tax rate changes, new tax laws and revised tax interpretations) in domestic or foreign jurisdictions; exchange rate fluctuations and other risks associated with investments and operations in foreign countries (particularly in Australia, UK and India wherein we have significant operations); equity markets, including market disruptions and significant interest rate fluctuations, which may impede our access to, or increase the cost of, external financing; and international conflict, including terrorist acts.
Except as expressly required by the federal securities laws, the Company undertakes no obligation to update any such factors, or to publicly announce the results of, or changes to any of the forward-looking statements contained herein to reflect future events, developments, changed circumstances, or for any other reason.
Readers should carefully review the disclosures and the risk factors described in the documents we file from time to time with the SEC, including future reports on Forms 10-Q and 8-K, and any amendments thereto. You may obtain our SEC filings at our website, www.ebix.com under the "Investor Information" section, or over the Internet at the SEC's web site, www.sec.gov.
Business Wire India
Interactive Brokers Group, Inc. (NASDAQ GS:IBKR), a global electronic brokerage firm, began offering clients the ability to trade bitcoin futures at the start of trading on the Cboe Futures Exchange (CFE) on Sunday night, December 10th, 2017. In addition to offering bitcoin futures from the CFE, under the ticker symbol GXBT, the company plans to offer bitcoin futures from the Chicago Mercantile Exchange (CME) at the scheduled start of trading December 18th using the symbol BRR. IBKR was there at the start of trading and its systems operated normally.
“Interactive Brokers was on the buy side of the low print of 14,710,” said Thomas Peterffy, founder, Chairman and CEO of Interactive Brokers. “A Registered Investment Advisor on the Interactive Brokers platform purchased two March contracts in the first minute of trading.”
As of 9:15am ET on Monday, the company said that 201 of its accounts had placed 1,240 trades in bitcoin futures totaling 1,429 contracts representing approximately 50% of exchange recorded volume. The recorded value of all futures trades at Cboe exceeds $50 million.
The all-in commission rate, including exchange and regulatory fees, for bitcoin futures will be US $5.01 per contract for the Cboe product and US $15.01 per contract for the CME product. The CFE contract size is for one bitcoin, and the CME contract size is for five bitcoins. Old and new clients can learn more about trading bitcoin futures with IBKR and sign up for “Crypto” trading permission here.
Due to the extreme volatility of cryptocurrencies, clients will be unable to assume a short position. In addition, only limit orders will be accepted. IBKR’s margin requirement on long positions will be at least 50%. The company will continue to monitor concerns surrounding the market's ability to process bitcoin futures risk.
Clients can subscribe to live quotes for both Cboe and CME bitcoin futures.
About Interactive Brokers Group, Inc. Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 120 markets in numerous countries and currencies, from a single IB Universal AccountSM to customers worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our customers with a uniquely sophisticated platform to manage their investment portfolios at the lowest cost according to Barron's Best Online Brokers review, March 20, 2017. We strive to provide our customers with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low prices, positioning them to achieve superior returns on investments.
Business Wire IndiaWith the year-end approaching, Bajaj Finserv is offering another chance to its customers to own their dream home. Home buyers can now avail home loans at a lower interest rate of 8.35%. Through its lending arm Bajaj Finance Limited, Bajaj Finserv is further extending this exciting proposition customers seeking the transfer their existing home loan balance. This limited period offer is applicable for all new and existing customers opting for loan value of Rs. 30 lacs and above and is open till December 18, 2017.
What makes the offer more attractive is that customers availing home loan balance transfer are also eligible to for a top up loan up to Rs. 50 lacs. The top-up amount can be used for various purposes like new home décor and improvement, wedding or holiday expenses, or second home investment through a very simple process.
Customers seeking home loan balance transfer of Rs. 30 lacs and above without top-up loan, can avail the loan at a special interest rate of 8.40%.
Home loans from Bajaj Finserv are bundled with added benefits like instant approval, 3 EMI Holiday, speedy disbursal and much more.
Bajaj Finserv Home loan’s benefits:
Applying for Home Loan with Bajaj Finserv is an easy and convenient process wherein the customer can check their eligibility online and calculate their EMI through the home loan EMI calculator with the flexibility of choosing their tenor.
Customers availing home loan from Bajaj Finserv can avail a 3 EMI holiday which allows the customer to start repaying the loan 3 months post the disbursal. In this period customers can divert the funds towards setting up their home and plan their finances better.
On fulfilment of the eligibility criteria, the loan is approved within 5 minutes and a representative gets in touch with the customer immediately. Applicants can apply for a home loan with minimum and basic documents like identity proof, address proof, income details and bank statement. Bajaj Finserv offers a doorstep service for collecting the customer’s documents as per time convenient to customer.
About Bajaj Finance Ltd:
Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 21 million customers across the country. Headquartered in Pune, the company's product offering includes Consumer Durable Loans, Lifestyle Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Re-Financing Loans. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today.
To know more, please visit:
Business Wire IndiaAxis Bank, India's third largest private sector bank is launching an exclusive networking property, Axis Start-up Social, at a 'one-of-its-kind' event aimed at supporting the country's start-up ecosystem. 'Axis Start-up Social' will go 'live' today at a gathering of the country's leading start-up players at 'WeWork' a leading co-working place in Bengaluru.
The objective of this platform is to provide an opportunity for start-ups to network and share knowledge. Significantly, this initiative firmly underlines the Bank's unflinching commitment towards providing multiple opportunities for start-ups in India to thrive and scale to the next-level-of-growth. The unveiling of 'Axis Start-up Social' comes close on the heels of the launch of the bank's innovation lab, Thought Factory, which looks to aid start-ups to expand, besides opening up avenues with potential investors and companies. The Bank also launched its Axis Start-up Banking product earlier this year, which is bundled with all key technology-enabled products and caters comprehensively to banking needs of start-ups. Over 100 leading names among the start-up community are expected to converge at the launch.
India continues to be a hotbed for start-ups, especially with the Government’s relentless focus to provide a congenial environment for them to conduct business. As per a recent Nasscom Startup Report, the year has seen an addition of over 1,000 start-ups bolstering India's position as one of the leading start-up ecosystems across the world. This takes the total number of technology start-ups in the country to over 5,000, as per the Report. Importantly, while Technology continues to dominate conversations, start-ups in other sectors such as Healthcare, and Education and Logistics have also gathered pace.
Speaking about the initiative, Sidharth Rath, Group Executive, Corporate & Transaction Banking, Axis Bank said, "We are excited to launch Axis Start-up Social, a platform through which we hope to provide the much required, 'extra edge' to the start-up community by handholding them, sharing knowledge and providing the required financial solutions. Today, the Indian ecosystem is flooded with innovative ideas but what is missing is the presence of the right channel and guidance in terms of acceleration, scaling up and funding. Through Axis Start-up Social, we endeavour to create an ecosystem to encourage innovation and the next-level-of-growth opportunities to start-ups that are ready to take that leap."
About Axis Bank
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses. With its 3,485 domestic branches (including extension counters) and 14,332 ATMs across the country as on 30th September 2017, the network of Axis Bank spreads across 1,946 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has nine overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK.
The Bank’s website www.axisbank.com offers comprehensive details about its products and services.
Business Wire India
|Shri Hansraj Ahir, MoS Home Affairs, Govt of India in the center, (from right) Ms. Sonal, Founder & Director, Compassionate Choices, Dr. Vibha Tripathi, CEO, Swajal Water, Ankit Mehta, CEO, ideaForge Technology, Mr. Parth Dave, Co-founder & COO, Frolitic Energy Solutions, Hona’ble MoS, and Mr. Mr. Prasoon Gupta, CEO, Sattviko Lifestyle with his team|
Power2SME in collaboration with TiE Delhi NCR concluded season 4 of the Spirit of Manufacturing Awards today at New Delhi, on the side-lines of TiECON 2017. Mr. Hansraj Ahir, MoS Home Affairs, Govt of India graced the ceremony as keynote speaker and shared his valuable insights on role of manufacturing SMEs in contributing towards India’s growth story.
The joint initiative (Spirit of Manufacturing) is dedicated to felicitating the most enterprising entrepreneurs in the manufacturing industry and is designed to re-iterate the importance of the manufacturing sector and the role that ‘innovation’, plays, in this space.
With Pre-screening of all online applications for each category, followed by assessment of only selected application, the final list of top 13 contestants was generated. The selection of final winners was announced basis their presentation in front of team of Jury members on December 15, 2017 and scores amalgamated from previous round. The Jury evaluated each presentation on the basis of the Execution Strategy, Competitive Advantage, Management Depth, sales & Marketing Strategy and the Financial Viability. Towards the end of presentations, the scores were tabulated to announce the winners from each category.
Mr. R Narayan, Founder and CEO, Power2SME elaborated that, “The emergence of startups, largely in service sector has swept India for over a decade. With the wave of ‘Make in India’ and other government campaigns supporting young manufacturers, India has a bright future for entrepreneurs in manufacturing sector. The glimpse of same we witnessed today at the fourth season of Spirit of Manufacturing Awards.” He further added that “With each passing year the platform of Spirit of Manufacturing is expanding its horizon and innovative products are showcased in front of jury members.”
Ms. Geetika Dayal, Executive Director, TiE Delhi NCR expressed that “It has been TiE’s constant endeavor to acknowledge the young businesses in India and our partnership with Power2SME has helped us establish a platform dedicated to felicitate entrepreneurs in the manufacturing sector. We received an overwhelming response from the SME fraternity for season 4 of the awards ceremony and we are thrilled once again to expand the SOM family with new set of manufacturing heroes.”
WinnersSOCIAL IMPACT: Mr. Parth Dave, Co-founder & COO, Frolitic Energy Solutions Pvt Ltd
IT ADOPTION & INNOVATION: Dr. Vibha Tripathi, CEO, Swajal Water Pvt Ltd
WOMAN ENTREPRENEUR: Ms. Sonal, Founder & Director, Compassionate Choices Pvt Ltd
YOUNG ENTREPRENEUR: Mr. Prasoon Gupta, CEO, Sattviko Lifestyle
SPECIAL JURY AWARD: Ankit Mehta, CEO, ideaForge Technology Pvt Ltd
The winners were awarded across 5 categories which was based on the innovative skills and their tangible impact in the way their business is conducted. The categories that the winners fall under, include Social Impact, Young Entrepreneur, IT Adoption & Innovation, Woman Entrepreneur of the Year and Special Jury Award. About Power2SME
The first ‘Buying Club’ for SMEs in India, Power2SME, financially backed by IFC Nandan Nilekani, Inventus Capital Partners, Kalaari Capital and Accel Partners, began operations in 2012. Committed to empowering SMEs by increasing their profits, Power2SME focuses on reducing purchase prices for SMEs and enhancing productivity. Power2SME enables SME clients to focus on their core business of driving growth and expansion, while taking on the role of sourcing input raw materials at the most competitive price points across multiple products in categories such as Chemicals, Additives, Inks, Paints, Metals, Polymer Commodity. Power2SME has developed FinanSME to enable easy connect between SMEs and financial institutes, and has also developed SMEshops to address the growing needs of MRO goods – Maintenance, Repair and Operations goods.
Company website: http://www.power2sme.com/
About The Indus Entrepreneurs (TiE)
The Indus Entrepreneurs (TiE) is a global not-for-profit organization focused on promoting entrepreneurship. TiE helps budding entrepreneurs by way of advice, guidance and assistance from successful & experienced entrepreneurs and professionals. TiE provides a platform for mentoring, networking & education, to entrepreneurs & professionals. The purpose of TiE is to encourage and nurture the next generation of entrepreneurs and add to the virtuous cycle of wealth creation spurring development and economic growth of the world. It does so by following the ancient Indian Guru-Shishya tradition.
Business Wire India
FINEOS Corporation, the market leading provider of core systems for Life, Accident and Health (LA&H) insurance, announced three new customers who have acquired FINEOS as a cloud service.
The three new FINEOS customers, based in the US, Sweden and Canada respectively, have licenced FINEOS for their group insurance core processing needs. FINEOS is partnering with Amazon Web Services (AWS), the world’s largest IaaS cloud provider, to deliver the FINEOS Software as a Service (SaaS) offering.
FINEOS Insurance Cloud is designed for the specific compliance and security needs of the LA&H industry. With simple subscription pricing, a FastTrack implementation approach, 24 x 7 support and continuous upgrades, the FINEOS Insurance Cloud is the way forward for LA&H insurance core systems.
Speaking about the cloud, Gartner has said “By 2020, a Corporate ‘No Cloud Policy’ will be as rare as a ‘No Internet Policy’ is today.” FINEOS’ cloud-first strategy enables customers to get all of the advantages of SaaS in the cloud, including digital service and access to the API economy on a cost-effective, flexible, secure platform.
Commenting on the three new customers, Michael Kelly, CEO, FINEOS said, “We are encouraged to see the uptake of our product-suite as a cloud service. Our customers recognize the advantages of open core systems in the cloud managed by a trusted partner. We have partnered with AWS to provide an open, non-proprietary, SaaS offering for LA&H carriers that meets the industry’s stringent reliability and security requirements. Our new customer in the US has also purchased FINEOS Absence to support New York Paid State Leave legislation which comes into force next month. We are delighted with the interest and momentum we are building in the market and we will continue to invest in our product suite to meet the needs of our customer base.”
FINEOS is a global market leader in core systems for LA&H carriers, with customers in nine countries and has been chosen by 8 of the top 20 Group LA&H carriers in the US and 4 of the top 5 LA&H carriers in Australia. FINEOS has many years of experience working with carriers in North America, Europe, and Asia Pacific.
About FINEOS Corporation
The FINEOS flagship product, FINEOS AdminSuite, is a cloud based core product suite for Life, Accident and Health carriers. FINEOS AdminSuite delivers full service Policy, Billing, and Claims, providing best-in-class functionality for Group, Voluntary, and Individual administration on a single platform, while also supporting self-admin, full-admin, and TPA models. FINEOS delivers innovative core systems to a global market and has customers, employees, and established bases in North America, Europe, and the Asia Pacific markets. For more information, visit www.FINEOS.com.
Business Wire IndiaPhonon Communications, provider of India's largest loan bot, announced the launch of a new chatbot with Aadhaar validation capabilities. "Aadhaar Bot" is an AI-powered (Artificial Intelligence) chatbot which can be integrated with websites, mobile apps, SMS campaigns and social media pages of service providers. The chatbot allows for near instant Aadhaar validation. It can be white-labelled to match company branding and can be securely hosted on either company or Phonon server.
With over 50 crore mobile numbers and 25 crore estimated bank accounts still to be linked with Aadhaar, the service aims to help telecom and BFSI companies who are struggling to get customers to submit their Aadhaar details on time. Service providers foresee the potential closure of millions of accounts and phone numbers post the deadline which could significantly hit their toplines and profitability.
The deadline for linking Aadhaar with bank accounts, mobile number and other Aadhaar-linked services has been extended up till March 31, 2017 as per the latest Supreme Court order.
Ujwal Makhija, Managing Director, Phonon Communications said, "Linking millions of bank accounts, insurance policies, mutual fund portfolios and mobile numbers with Aadhaar in such a short time is proving to be a logistical nightmare for businesses. With Aadhaar Bot, telecom and BFSI sector companies can save precious time and resources by automating the whole Aadhaar linking process."
At present, the linking for bank accounts, mutual funds portfolios and insurance policies is being carried out at the local branches of banks and financial services company or via internet/ mobile banking. Telecom customers meanwhile have to submit Aadhaar card proofs manually at registered outlets of telecom providers for the same.
Phonon is a pioneer in the field of automated customer interaction solutions. It serves major airlines, travel and leisure companies, banks, insurers, financial services enterprises and web portals of India and GCC countries. It is home to India's largest loan bot. Phonon automates 1 million+ daily customer interactions over voice, SMS and email and provides flight reschedule information to almost 60% of Indian flyers.
Phonon's solution portfolio includes: Chatbots, Click-to-Call™, SMS-to-Call, DealerConnect™, CCNow™, Automated Outbound Unified Communication Systems and an aviation focused suite of services under the brand, 22North™. Phonon's solutions and products are designed to boost topline, reduce costs and ensure customer delight.
Business Wire India
|Bobby Bhatia, Founder and CEO, TrakInvest|
TrakInvest, the virtual social trading platform and a fast growing ed-tech firm has moved to Blockchain and launched its own Cryptocurrency. The company plans to raise USD 30 million capital through the company’s Initial Coin Offering (ICO) to fuel its product and geographical extension. Details of this ICO project are available on www.trakInvest.ai.
While the financial industry has witnessed greater push towards a diversity of cryptocurrencies recently, TrakInvest with its unique and innovative platform has been changing the Financial Services landscape across Asia since the past 3 years.
Headquartered in Singapore, with operations in India, Thailand and Hong Kong, TrakInvest, at its core, is about “Crowdsourcing of Financial Wisdom” and rewarding its participants in a decentralized economy, based on performance and insights. With a growing community of 100,000+ users, it has today become the world’s first virtual social trading platform that crowd sources fundamental and social trading data to generate profitable trading signals and ideas.
The rising demand from the TrakInvest community has prompted the firm to make the next move to the blockchain ecosystem and launch its own cryptocurrency. This currency known as the “TRAK" Token has been available for public sale since 16 Dec 2017. Based on the Ethereum platform, the token launch will introduce a reward economy where the producers of trading data, insights and sentiments will be globally rewarded in a transparent and frictionless manner.
“The platform which currently provides virtual equity trading will also be introducing a virtual trading platform for cryptocurrencies and the next generation of “crowdsourced” sentiment tools for equities and cryptocurrencies. These proprietary tools will be developed using the social trading data and behaviour collected for the last three years. TrakInvest aims to empower the retail investor with all these tools to create a level playing field removing the information asymmetry that has plagued them for so many years,” said Mr. Bobby Bhatia - Founder & CEO, TrakInvest.
TrakInvest will also be launching its physical academies to not only promote investing as a life skill but also to expose, train, and re-skill investment and technical talent on blockchain and cryptocurrencies.
TrakInvest is backed by a highly experienced management team and an advisory board. The senior management of the team has held leadership positions in leading firms including J. P. Morgan Partners, AIG, State Bank of India and ICICI Securities. The global advisory board is comprised of individuals and existing investors with strong global experience and exposure in technology, telecommunications, media, cryptocurrencies and financial services. They have held leadership positions in companies including Spotify, Siri, Summly, Bitcasa, Fixmo, Ginger, Desti, Magisto, Nexon and StudioX.
TrakInvest is a virtual equity stock market trading platform with social features where users can learn and practise stock trading across 10 stock exchanges, share investment ideas with their peers and earn real money when they get tracked courtesy good investment returns. This crowdsourcing of financial wisdom happens across the current daily active user base of 35,000+ users generating powerful trade ideas for the novice traders. TrakInvest also provides certification programs that reward the user with real jobs when they successfully complete the certification course. This is done via the many partnerships with corporates, universities and governments. TrakInvest also curated & hosted Asia's first interactive stock market reality show that had a digital reach of 10 million users. The winners were awarded jobs and internships across marquee companies in the financial services sector. As a next step, TrakInvest is now moving to blockchain and launching its own cryptocurrency. Details available on www.trakInvest.ai
Business Wire IndiaDimension Data, the global ICT solutions and services provider, today announced that, it has successfully built an efficient and agile Enterprise Information Security Architecture for UTI Asset Management Company (UTI AMC) to enable secure financial transactions and customer information security. Over a span of more than a decade, Dimension Data has also set up an enterprise wide hybrid network to help UTI AMC process customer investments faster and a unified communication infrastructure to improve its customer connect.
UTI AMC embarked on its digital journey to enhance its customer’s experience. Understanding the institution’s requirement, Dimension Data implemented a robust and secure IT infrastructure, which ensured a seamless and secured access to various applications. The enhanced network and security architecture with proactive monitoring has also increased employee productivity, and in turn reduced the cost of operations. As part of the ongoing partnership, the current implementation has helped UTI AMC create a strategic differentiation through standardised technology and improve IT process.
Simultaneously, Dimension Data is also helping UTI AMC create a hyperconnected enterprise that embraces how its employees interact. The implementation of Unified Communication and Collaboration is helping the organisation unlock productivity, agility, and business process improvements towards digital transformation. UTI AMC has been able to increase employee efficiency by 20%.
“UTI AMC is an organisation that leverages technologies like Hybrid Network, latest cybersecurity solutions and Unified Communication and Collaboration in the most efficient way to increase and enhance its customer service. We believe that our customers’ confidence has increased manifold due to the seamless access and performance of IT services. That said, since the partnership, we have had the highest uptime in the last 13 years. We are proud to partner and continue on our digital journey with Dimension Data to provide our customers with the most differentiated experience,” says Sanjivan S Shirke, Senior VP, Information Technology Cell, UTI AMC.
“We are delighted to continue our relationship with UTI AMC. Dimension Data’s capabilities and services have been helping them strengthen and accelerate their ambitions and we look forward to continuing our partnership on their future endeavours. UTI AMC is on an upward trajectory as it embraces digitisation in the true sense and provides its customers with the best in class services and we are honoured to partner with them on their journey,” Raghuveer HR, Sales Director, Dimension Data, India.
About Dimension Data
Dimension Data uses technology to help organisations achieve great things. As a member of the NTT Group, we accelerate our clients’ ambitions through digital infrastructure, hybrid cloud, digital workspaces, and cybersecurity. With a turnover of USD 8 billion in 2017, offices in 46 countries, and 28,000 employees, we deliver wherever our clients are, at every stage of their technology journey. We’re proud to be the Official Technology Partner of Amaury Sport Organisation, which owns the Tour de France, and the title partner of the cycling team, Team Dimension Data for Qhubeka.
In Asia Pacific, we operate in 35 offices across 13 countries. We help clients enable technology, operate their IT infrastructures and transform technology solutions that deliver value. It combines an expertise in digital infrastructure, cybersecurity, customer experience (CX), and digital workplace, with advanced skills in IT outsourcing, IT-as-a-Service, Systems integration services and training. Visit us at http://www.dimensiondata.com
About UTI AMC
UTI Asset Management Company Ltd. is one of the top Asset Management Companies that was established by the Indian Government in 1963 as an Investment Management company to support capital formation of the Indian Economy. Since then, UTI AMC has been extending financial support to various industries such as steel, construction, pharmaceutical, hospitality, BFSI, etc. and is helping India in its economic growth.
UTI AMC has a national and international presence with over 150 offices and mobilizes funds from investors both national as well as international. UTI AMC also has Assets Under Management (AUM) across different businesses which include domestic mutual fund, Portfolio Management Services, International business, Retirement Solutions, Venture Funds and Alternative Investment assets. UTI AMC has Rs.1,50,000 crores AUM with over 10 million investors across India, Europe, Singapore and Dubai, is recognized as one of the most sustainable and reliable Mutual Fund, providing consistent returns to their investors since 1963. For more details visit https://www.utimf.com/
Business Wire India
Starr Companies announced a cooperation with PICC Health Insurance Company Limited (PICC Health) to provide industry-leading, innovative insurance for Chinese company employees working overseas in Belt & Road Initiative (BRI) countries.
PICC Health, a subsidiary of the People’s Insurance Company (Group) of China Limited, and People's Daily, China’s leading newspaper, held a forum in Beijing on "Innovative Insurance Solutions for the Belt & Road Initiative" in conjunction with the Chinese Ministries of Commerce, Foreign Affairs, Public Health, the China Insurance Regulatory Commission and other Chinese government agencies and academic institutions. At the forum, PICC Health and Starr Companies officially launched a suite of innovative insurance products and services for Chinese company employees working overseas in BRI countries, providing comprehensive coverage and high-quality assistance services for these customers.
This industry-leading cooperation combines the domestic strengths of PICC Health, China’s dominant health insurer with a large Chinese corporate client base, and the global experience and expertise of Starr Companies, led by its legendary Chairman & CEO Maurice R. Greenberg.
This premier product is a specialty accident and health offering jointly developed by PICC Health, Starr Property & Casualty Insurance (China) Company Limited, and Starr Companies’ Assist Card International subsidiary. In addition to medical and Accidental Death & Dismemberment benefits, the product provides customers with benefits and services including medical evacuation and repatriation, compassionate visit, food poisoning, kidnap and ransom protection, as well as unique solutions such as risk management advice and cashless medical payment services through the Assist Card International network. A dedicated call center has been established to provide global services to Chinese customers including those working in BRI countries.
This cooperation between these two parties provides strong support for the employees of Chinese companies active in BRI countries, with the objective of building a “Healthy Silk Road.” For further information, please contact PICC Health in Beijing or Starr Companies in Shanghai.
About Starr Companies
Starr Companies (Starr) is the worldwide marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on five continents; through its operating insurance companies, Starr provides property, casualty, and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr’s insurance company subsidiaries domiciled in the U.S., Bermuda, China, Hong Kong, Singapore, and U.K. each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong).
Assist Card International, a premier global travel assistance company owned by Starr Companies, has an extensive network with more than 40 years of experience of providing assistance services around the globe. Assist Card has 9 regional alarm centers and more than 50,000 service providers throughout the world, providing direct payment for medical services.
About PICC Health Insurance Company Limited
PICC Health Insurance Company Limited was established on March 31, 2005. It is the first professional health insurance company approved by the State Council and approved by the China Insurance Regulatory Commission. As a subsidiary of PICC Group, the company is the largest health insurer in Mainland China, with 25 provincial branches, 109 municipality-level agencies, 99 county-level agencies and 97 rep offices. Its distribution network covers nearly all of China and serves more than 100 million customers.
For more information visit us at www.starrcompanies.com
Business Wire India
|Mr. Prakash Bhaskar, National Head distributing Christmas gifts to the students|
Music of carols echoed when minds were lingering on the tunes of Christmas cherishing peace and goodwill. UAE Exchange India celebrated the joy of Christmas with the sparkles of St. Teresa's School with cheer and wonders on December 12th 2017.
As part of Christmas celebration for the primary students, the company presented Christmas gifts to many assembled deprived ones. On this occasion, company wishes a joyful message of Christmas and prosperous New Year to all students and teachers encouraging them by distributing dresses to the little ones and motivating them to embrace the essence of Christmas conveying Christ born as the Savior to seek and save that was lost in the world. Cross of Calvary and the empty tomb of Jerusalem voices out the hope of eternal life for all who believe was the real open invitation of love for the world. Mr. Prakash Bhaskar, National Head - Retail Channel and Ms. Reeba V K, CSR & Public Relations of UAE Exchange India were part of the celebration. The whole campus was brimming with decorations of beautiful Christmas tree and reddened Santa Claus which added to the colors of the celebration.About UAE Exchange India
UAE Exchange India is a name known for penchant quality and optimized financial service trends that stands ahead from the race of the industry. With an extensive reach of 375 plus branches, serving a population of 1.25 million people under the proficient support of 3500 employees, company facilitates both online and offline services as a paragon of excellence. The company has been instrumental in providing excellent service in Foreign Exchange, Money Transfer, Air Ticketing & Tours, Loans, XPay Cash Wallet, Insurance and Share Trading.
Business Wire India
Cube Highways has signed definitive agreements for the sale of a minority stake to Japan Highways International (JHI), a Japanese consortium of infrastructure investors led by Mitsubishi Corporation. JHI’s investment reaffirms Cube Highways’ position as a leading owner and operator of highways in India and follows the recent announcement of a minority stake sale to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171227005303/en/
Cube Highways is an independent, professionally-managed platform that owns and operates more than 1,700 lane-kilometers of highways in India. Formed by two leading global financial institutions, I Squared Capital and the International Finance Corporation (IFC), Cube Highways leverages the extensive transportation experience of its executive and engineering teams to manage a diverse portfolio of toll and annuity roads. Last week the company announced agreements to acquire Salem Tollways and Kumarapalyam Tollways, in the state of Tamil Nadu.
“With the entry of JHI, Cube Highways has expanded its set of leading infrastructure investors from across the globe. Our new partners bring world-class technical and engineering capabilities, as well as deep global experience, to help further expand the platform. This new capital also demonstrates investor confidence in the future of Cube Highways and the growth potential of the highways sector in India,” said Gautam Bhandari, Director of Cube Highways and Partner of I Squared Capital.
Hyun-Chan Cho, Regional Industry Head, Infrastructure & Natural Resources, IFC, said, “We welcome JHI as our new partner in Cube Highways. As one of the oldest and leading investors in the Indian infrastructure space, IFC is very pleased to see other international investors joining hands to support the growth of the highways sector. High-quality transport and logistics infrastructure is key to sustaining India’s growth and ensuring that economic opportunities are available to communities across urban as well as rural India.”
About Cube Highways: Cube Highways and Infrastructure Pte. Ltd. (Cube Highways) is a Singapore-based company investing in road and highway projects, along with other select infrastructure sectors in India. Cube Highways is an independent, professionally-managed platform that leverages the extensive transportation experience of its management and execution teams. Cube Highways was formed by two leading global financial institutions, I Squared Capital and the International Finance Corporation (IFC). For more information, visit www.cubehighways.com
About I Squared Capital: I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe, and select high growth economies. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.
About IFC: IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, IFC uses its capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, IFC delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit www.ifc.org.
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Business Wire India
Egon Zehnder, the world’s leadership advisory firm, announced its 2017 financial results, reporting a 4% increase in global revenue to CHF 668.0 million versus CHF 639.5 million in 2016. At constant exchange rates, 2017 revenue increased by 5%.
Egon Zehnder’s 2017 fiscal performance reflects sustained growth across all major geographies and service lines. The Consultant base expanded to 448 worldwide at the close of the 2017 fiscal, with a global footprint that spans 68 offices across 40 countries.
The Firm continued to broaden its leadership solutions offerings resulting in double-digit growth in leadership advisory revenues. In addition to executive search and board advisory, the firm’s service portfolio encompasses executive assessment, leadership development, team effectiveness, and cultural and organizational transformation.
“Our sustained year-over-year growth is a reflection of our deep partnerships with clients across all facets of the leadership and talent agenda – at the individual, team and organizational level,” stated Rajeev Vasudeva, Chief Executive Officer, Egon Zehnder. “As our clients chart their way forward in these unprecedented times, we share a responsibility to build trusted and personal relationships with them to shape the trajectory of their leaders and their organizations. Clients today require a trusted advisor who can guide with the truth and is willing to invest in a long term partnership to successfully navigate their transformation journey.”
He added, “The Firm has started 2018 with strong momentum; built on a position of strength in our relationships with CEOs and Boards. We continue to be invited into some of the most strategic conversations happening around the world based on the trust exhibited by those leaders we are privileged to serve.”
About Egon Zehnder
Egon Zehnder is the world’s leadership advisory Firm, sharing one goal: To transform people, organizations and the world through great leadership. We know what great leaders can do and are passionate about delivering the best leadership solutions for our clients. As One Firm, our more than 450 Consultants in 68 offices and 40 countries globally bring our individual strengths to form one powerful collaborative team. We partner closely with public and private corporations, family-owned enterprises and non-profit and government agencies to provide board advisory services, CEO search and succession, executive search, executive assessment, leadership development and cultural and organizational transformation. We share a commitment and pride in doing work that contributes to shaping successful leaders, stronger companies and a better world. For more information visit www.egonzehnder.com and follow us on LinkedIn and Twitter.
Business Wire India
Patients taking treatment at Ruby Hall Clinic for any ailment in these categories will have the facility to pay through Bajaj Finserv EMI option. Bajaj Finserv EMI card holders can swipe their card for the payment while others may connect with Bajaj Finserv representative at Ruby Hall Clinic to submit their KYC. The EMI payment is available at Ruby Hall Clinic – Sassoon Road, Wanowrie and Hinjewadi in Pune. Patients can avail for a loan facility ranging between Rs.7000 to Rs.4.5 lakh.
Commenting on the occasion Mr. Rajeev Jain, Managing Director, Bajaj Finance Ltd said, “This move is aimed to help patients get the best possible treatment for their ailment without worrying about the cost involved. Our partnership with Ruby Hall Clinic, is a step toward making vital medical procedure available for patients with a convenient payment option.”
Speaking on this occasion Mr. Bomi Bhote, Ruby Hall Clinic said, “Our partnership with Bajaj Finserv will enable the patients to avail EMI facility covering the healthcare expense. This will reduce the burden of bulk medical expense one has to incur and ease the payment process.”
About Bajaj Finance Ltd.
Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits and Advisory Services. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.
To know more please visit https://www.bajajfinserv.in/finance/
Business Wire India
Visa (NYSE: V) announced an expansion of Visa’s Everywhere Initiative (VEI) for 2018 with a more dynamic program, new participating countries, and an elevated level of support for participants. Visa’s Everywhere Initiative is a global innovation program that tasks start-ups to solve commerce challenges of tomorrow, further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180228005403/en/
Visa's Everywhere Initiative "By the Numbers" (Graphic: Business Wire)
Visa’s Everywhere Initiative will begin 2018 with a broader approach that presents program participants with challenges unique to each region and propel digital commerce solutions. This year’s program updates include:
“Visa’s Everywhere Initiative is in a unique position to help uncover, support and apply emerging technologies to today’s biggest digital commerce challenges,” said Shiv Singh, senior vice president, Innovation and Strategic Partners at Visa. “No longer confined by the geographical proximity to established innovation hubs, the brightest ideas are coming from all corners of the world and this continues to be a successful way for Visa and its partners to collaborate with some of the most promising start-ups.”
Since starting in 2015, Visa’s Everywhere Initiative has awarded over $1 million and mentorship to more than 130 finalists - from companies looking to push the boundaries of tomorrow to those looking to create quick, real-life payment implementations. One of these companies is LISNR, which won the US program in 2016, is exploring ways to transfer payments through sound with Visa and its partners in Asia-Pacific.
"Visa's Everywhere Initiative originally opened up the possibility of using sound to support payments and other financial services use cases,” said Rodney Williams, CEO of LISNR. “Over the past few years, we've worked closely with Visa to validate this concept and we’re excited for a future where contactless payment activity may be supplemented by data-over-audio."
Visa also continues to work with previous winners such as IncreaseCard (Latin America), QPal (Middle East), EasyShare (Asia-Pacific), HopOn (Europe) and Losant (North America) that are pushing the boundaries of the commerce ecosystem.
For more information on the 2018 lineup for Visa’s Everywhere Initiative, how to get involved and participation terms, visit: https://usa.visa.com/visa-everywhere/everywhere-initiative.html
* denotes new country in 2018 for Visa’s Everywhere Initiative
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/about-visa.html, visacorporate.tumblr.com and @VisaNews.
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Business Wire India
The GSMA unveiled its seventh annual ‘State of the Industry Report on Mobile Money’, offering a current snapshot of the mobile money landscape and highlighting the impact that greater financial inclusion has on lives, economies and innovation. The report provides the only comprehensive picture of mobile money around the globe. Today, with more than 690 million registered accounts in over 90 countries, mobile money has evolved into the leading payment platform for the digital economy in many emerging markets. The report shows that, in 2017, the mobile money industry processed transactions worth a billion dollars a day, generating direct revenues of over $2.4 billion.
“As the Sustainable Development Goals (SDGs) enter their third year, mobile technology is proving to be an essential tool for delivering these global goals with increased connectivity and innovative services enabling more inclusive communities,” said Mats Granryd, Director General, GSMA. “Mobile money remains a central part of this story, contributing to 13 of the 17 SDGs, enabling access to essential services like health and education, empowering women with employment opportunities and reducing poverty by offering life-enhancing financial services, often for the first time.”
The report shows a number of new trends in mobile money in 2017, including the accelerated growth of bank-to-wallet interoperability, the growing adoption of smartphones, the proliferation of fintech companies, the digitisation of new sectors of the economy, and renewed efforts by companies and governments to reach the most vulnerable and underserved. Sub-Saharan Africa has long been the epicentre of mobile money and growth in this region shows no sign of slowing, but as the industry has matured, mobile money has also gained traction in other parts of the world. In 2017, for the first time, growth of the industry was led by regions other than Africa. With 47 per cent year-on-year growth, South Asia was the fastest-growing region in terms of registered accounts and now represents 34 per cent of registered accounts globally.
Mobile Money Reaching Scale
A steady increase in active customers, transactions and direct revenue are signs that mobile money is evolving into a sustainable industry and represents an important driver of economic growth in developing markets, particularly through formalising payments, increasing transparency and boosting GDP. With mobile money now available in over 90 countries, including three-quarters of low- and lower-middle-income countries, it has become the leading payment platform for a digital economy in many emerging markets.
The research further shows:
As a burgeoning fintech community positions itself as the gateway of choice for new digital services, a number of traditional tools will remain relevant. The persistence of the cash economy in emerging markets means that complex distribution networks will continue to be crucial for digital services to interface with physical lives. In a business that relies deeply on trust, the role of longstanding brands and the understanding of local context will also remain integral to reaching people outside of the formal system. The policy and regulatory environment will play a determinant role in establishing incentives and setting national ambitions. As regulators confront questions around data protection, business models, and more, the policy end game of greater inclusion must remain at the fore. Providers able to effectively inform and support this process will be more likely to thrive.
Granryd added, “In an increasingly turbulent world, mobile money is also providing a lifeline, with digital humanitarian cash transfers and affordable international remittances giving refugees safe and convenient ways to meet pressing needs. We are also continuing to focus on narrowing the gender gap in access to financial services through programmes such as the Connected Women Commitment initiative.”
The 2018 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.
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 more than 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.
Business Wire India
Sprint, the 4th largest mobile network operator in North America, has selected IDEMIA, the global leader in Augmented Identity, to provide a hosted Remote SIM Provisioning (RSP) solution for consumer devices, IDEMIA’s subscription management.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180226006758/en/
The platform will allow mobile network operators to provide authentication and activation credentials to the end-customer and their consumer device “on demand” and over-the-air. This solution embodies the future of the MNO industry, being the first application of the evolution from the classic removable and pre-programmed SIM to the embedded SIM which can receive its programming remotely.
This comprehensive solution offers the most efficient, secure and transparent technology possible to serve the connectivity needs of mobile operators and to deliver a seamless experience to end-users.
Being Sprint’s partner since 2014, IDEMIA brought its vast knowledge of GSMA standards and first-hand experience to offer them solutions that support today’s standards and the evolving market for consumer devices.
“This is a very exciting time in the evolution of our industry and we are very honored to have been selected by Sprint to provide our subscription manager enabling secure connectivity and convenience for the consumer. Our ambition is to facilitate the digital revolution and build this bridge to the future for secure device authentication and activation for our customers”, declares Fabien Jautard, Executive Vice-President for Mobile Operators activities at IDEMIA. ý
“We are excited to be expanding our partnership with IDEMIA to secure and activate the consumer devices of the future that will select Sprint as their network of choice. IDEMIA has again demonstrated their leadership in our industry and Sprint values this knowledge and experience as a business partner to provide an eSIM Subscription management solution”, adds Ryan Sullivan, Vice President, Product Development and Engineering at Sprint.
OT-Morpho is now IDEMIA, the global leader in Augmented Identity for an increasingly digital world, with the ambition to empower citizens and consumers alike to interact, pay, connect, travel and vote in ways that are now possible in a connected environment.
Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, we reinvent the way we think, produce, use and protect this asset, whether for individuals or for objects. We ensure privacy and trust as well as guarantee secure, authenticated and verifiable transactions for international clients from Financial, Telecom, Identity, Public Security and IoT sectors.
OT (Oberthur Technologies) and Safran Identity & Security (Morpho) have joined forces to form IDEMIA. With close to $3 billion in revenues and 14,000 employees around the world, IDEMIA serves clients in 180 countries.
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Business Wire India
Nominations will be accepted through Friday, April 13, 2018. Finalists will be announced this summer then later celebrated at BAI Beacon 2018, the financial services industry’s premiere conference, on October 9-11 in Orlando.
Each year, hundreds of financial services companies from around the world submit nominations for the BAI Global Innovation Awards. The program’s global reach, participation among the financial services elite and esteemed judging panel make it the industry’s most prestigious innovation honor. Now in its eighth year, the BAI Global Innovation Awards has created a community of forward-looking leaders and organizations whose innovations educate and inspire others, as well as year-round thought leadership and idea exchange. Past winners include Wells Fargo, CaxiaBank, Emirates NBD, Nusenda Credit Union, Metromile and more.
The 2018 awards include Most Innovative Finserv (financial services organization) of the Year, Outstanding Use of AI in Financial Services and Disruptive Innovation in Financial Services. The award categories include:
“Innovation in financial services is happening in all regions of the world, whether in new financial products, processes or the creative use of data and technology, and BAI has showcased this progress through the Global Innovation Awards,” said Debbie Bianucci, president and CEO of BAI. “Our past winners have inspired new solutions, educated financial services leaders about global challenges and connected industry thought-leaders worldwide. As technology continues to advance, we are committed to identifying and recognizing the leading innovators in financial services through this program.”
The awards are judged by the Innovation Circle, a panel of leading innovation experts from around the world.
For more information about the awards, visit BAIGlobalInnovations.com.
As a nonprofit, independent organization, BAI delivers the financial services industry’s most actionable insights, enabling leaders to make smart business decisions every day. For more information, visit www.bai.org.