- RSS Channel Showcase 4316149
- RSS Channel Showcase 8213965
- RSS Channel Showcase 7847365
- RSS Channel Showcase 8725913
Articles on this Page
- 03/12/18--23:29: _MetLife Launches Gl...
- 03/14/18--00:53: _Wells Fargo Enterpr...
- 03/14/18--05:24: _Moody’s Analytics L...
- 03/13/18--00:45: _Andersen Global Con...
- 03/13/18--07:00: _Verifone and Ezetap...
- 03/15/18--01:53: _Delos Capital Acqui...
- 03/15/18--07:03: _Ethoca’s Integrated...
- 03/15/18--22:00: _XinFin Ties Up with...
- 03/20/18--02:23: _Star Union Dai-ichi...
- 03/21/18--05:59: _DHFL Pramerica AMC ...
- 03/22/18--02:59: _Complete your e-KYC...
- 03/22/18--04:19: _UAE Exchange India ...
- 03/23/18--00:50: _Override Market Vol...
- 03/23/18--06:25: _Liquidnet Rolls Out...
- 03/21/18--04:45: _Accenture Labs and ...
- 03/23/18--06:11: _Workiva Leads Globa...
- 03/23/18--06:50: _German Company Deve...
- 03/23/18--07:15: _The Saga Foundation...
- 03/26/18--00:00: _Bajaj Finserv Annou...
- 03/26/18--06:31: _MetLife Career Agen...
- 03/12/18--23:29: MetLife Launches Global Innovation Challenge – Collab 3.0 EMEA
- 03/14/18--05:24: Moody’s Analytics Launches the Data Alliance Portal
- 03/13/18--00:45: Andersen Global Continues Expansion in Germany with Berlin Office
- 03/15/18--01:53: Delos Capital Acquires Sage Metals Limited
- One-year Life insurance training program comprises of on-campus training, internship and On-the-job-training at branches of SUD Life. The program offers the perfect blend of classroom training and practical hands-on exposure to students.
- The Life insurance training program has been designed to nurture talent at an early stage by imparting domain knowledge and skillset in the field of Life insurance.
- Successful completion of the training program will lead to a post-graduate diploma in Life insurance and offer an employment at SUD Life
- Selection of participants in the Life insurance training program will be based on a process pre-defined by SUD Life
- The Life insurance training program will commence in April –May 2018
- 03/21/18--05:59: DHFL Pramerica AMC Appoints Rajesh Iyer as CEO
- An industry veteran with over two decades of experience, Rajesh previously was Senior Director and Head - Investments & Family Office at Kotak Wealth Management
- DHFL Pramerica is a JV between DHFL, the leader in affordable housing in India and U.S. headquartered Prudential Financial Inc. “Pramerica”, a leading global financial institution with US $ 1.394 trillion of assets under management as of December 31, 2017
- 03/22/18--02:59: Complete your e-KYC on MobiKwik and get Rs. 300 SUPERCASH
- 03/23/18--00:50: Override Market Volatility by Investing in Fixed Deposits
- 03/23/18--06:11: Workiva Leads Global Adoption of Inline XBRL
- 03/23/18--06:50: German Company Develops New Solution for Monetizing News Content
- “Gear up for success” section carries many stories about how career agents deliver value to customers across the region. This not only helps existing agents but also people exploring a career in this space.
- “Shine with us” gives one an overview about MetLife’s regional initiatives such as MDRT partnerships and Asia President’s Council.
- “Career Opportunity” section provides an overview of various benefits of being a Career Agent and how MetLife agents are diversified in terms of skillsets and background.
- Agents can choose the language they are comfortable in from English, Chinese, Japanese and Korean.
Business Wire India
MetLife, today launched “collab 3.0 EMEA,” a global open innovation platform inviting entrepreneurs and insurtechs to scale their business with MetLife, while solving some of the insurer’s biggest innovation challenges across its business in Europe, the Middle East and Africa.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180312005446/en/
The company is inviting insurtech startups to compete for a USD 100,000 contract to develop solutions across insurance value chains in areas such as customer engagement, sales, and operations, and to pilot these solutions with MetLife EMEA.
Created by LumenLab, MetLife Asia’s innovation center, collab 3.0 EMEA follows two successful collab programmes in Singapore (2016) and Japan (2017), which attracted 250 applications from insurtechs in more than 35 different countries.
“We are serious about transforming the insurance industry and the way we interact with our customers – but we know we cannot do it alone. You can never innovate faster than the market. We are building a stronger ecosystem for the future by engaging insurtechs through programmes like collab,” said Zia Zaman, LumenLab’s chief executive officer and chief innovation officer of MetLife Asia.
Following a rigorous selection process, MetLife will determine eight finalists and pair them with MetLife EMEA employee champions to help develop their solutions.
To date, MetLife has awarded more than half a million U.S. dollars’ worth of contracts through collab in Asia. These business contracts have gone into developing practical solutions that are delivering value to MetLife’s business and customer experience.
“MetLife continues to be at the forefront of innovation and collab 3.0 EMEA is a great example of this. We are matching real business challenges from across our global enterprise with external ideas to build the best solutions for our business and customers. Crucially, our employee champions will support and collaborate with the finalists throughout the process,” said Michel Khalaf, President of MetLife’s EMEA and U.S. Regions.
Finalists will be invited to attend the collab Summit EMEA and Demo Day in London on 11-12 July, 2018 to present their solutions where the ultimate winner will be announced.
MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com
As MetLife’s pioneers for disruptive innovation, LumenLab is charging ahead to create new businesses in health, wealth and retirement. Lumen, a measure of light, symbolizes our commitment to illuminating a new path for solving the problems that the people of Asia face today. Through our focus on building new products and services grounded in technology and data, we aim to help people achieve richer and more fulfilling lives. For more information, visit www.lumenlab.sg
MULTIMEDIA AVAILABLE :
Business Wire India
Wells Fargo Enterprise Global Services (EGS) has successfully completed the pilot of the “Glide Career Continuity Program for Women,” a unique program for women returning to work, with 21 female team members joining the organization in Hyderabad. The company now plans to roll out the program in Bengaluru.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180306006851/en/
Glide 2018 Graduation Ceremony (Photo: Business Wire)
The Glide program was launched last year as a carefully planned, structured and supportive learning regimen to enable women with career gaps of two or more years to glide back to work.
“A career gap does not take away a person’s inherent capability, or their ability to reintegrate into the workforce and start contributing, especially if they are given the right kind of support. The success of our pilot program validates this,” said Nirupama Guruprasad, Glide Program Lead and SVP – Strategy and Initiatives at EGS, at the closing ceremony to celebrate the first batch of Glide participants.
The program aims to diversify the organization’s workforce composition by addressing the factors that hold back many experienced and competent women from returning to the workforce to fulfill their career potential.
Glide enables a smoother re-entry to full-time work through a gradual ramp-up of work hours, highly customized trainings, peer reflection, leader connects, and periodic reviews, in addition to hands-on work. Successful completion of the program is followed by confirmation subject to usual recruitment norms.
Feedback on the program from both participants as well as their hiring managers has been very encouraging. “The half-day work hours in the first month gave me room to anticipate things and prepare for my transition to full-time,” said Parimala Tankasala, a team member who has joined the company through the Glide program. “The fact that this is not an internship program gave me a real sense of security,” said Manasa Konduru, another participant. Some reported that the unique training sessions and support from empathetic hiring managers helped immensely, while for others connecting with peers who shared the same apprehensions and expectations was a welcome opportunity.
“The feedback from participants and hiring managers reaffirms our conviction that workforce diversity is integral to the success of any organization. We are always keen to invest in the right talent, and we are ready to launch Glide 2.0 in Bengaluru, targeting a wider breadth of function areas, for women with over eight years of experience,” said Tanay Kediyal, EGS Country head – India about the future of the program.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through more than 8,300 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
About Wells Fargo Enterprise Global Services (EGS) - India
Wells Fargo Enterprise Global Services (EGS) is a critical component of Wells Fargo’s (Wells Fargo Bank, N.A.) strategy to leverage distinct advantages in doing business in a global environment. Wells Fargo EGS - India 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, and middle and back-end banking process solutions for a wide spectrum of Wells Fargo’s needs. The entities currently have more than 12,000 team members across their offices in Hyderabad, Bengaluru, and Chennai.
MULTIMEDIA AVAILABLE :
Business Wire India
Moody’s Analytics today launched its new Data Alliance Portal. Members of Moody’s Analytics data consortium can use the portal to contribute data to the consortium and collect credit risk benchmarking information in return.
The Moody’s Analytics Data Alliance is one of the world’s largest and most comprehensive data consortia, covering a range of asset classes including commercial and industrial (C&I), commercial real estate (CRE), project and industrial finance, and asset finance. Previously known as the Credit Research Database (CRD™) consortium, the Data Alliance is a collaborative effort between Moody’s Analytics and over 90 leading financial institutions globally.
Data Alliance members contribute private firm data such as financial statement, loan, and default metrics. Moody’s Analytics aggregates, anonymizes, and analyzes the data to create industry benchmarking data and analytical tools for consortium members.
“Our mission is to enable financial institutions to manage their credit risk better through improved standards, data quality, transparency, and models,” said Cayetano Gea-Carrasco, Managing Director at Moody’s Analytics. “The Data Alliance Portal provides our members with a seamless data contribution process and robust reporting framework for actionable portfolio insights, all while ensuring a secure data infrastructure.”
Data Alliance members can gain insight by comparing their portfolio risk to that of their peers as well as consortium benchmarks. This insight can augment internal data sourced directly from market participants. The new portal will make consortium data easily accessible to members, enhancing their experience and streamlining their data submission cycles. The portal will also allow members to gain actionable insights on their portfolios and lending strategies.
Additionally, the Data Alliance Portal will provide ongoing data review and monitoring of credit portfolio trends against benchmarks and facilitate quality assurance. Consortium members will be able to run self-service data benchmarking analyses against peers, customize their data experience, and access premium Moody’s Analytics tools such as the RiskBench™ platform. Using the portal will contribute to faster turnaround of benchmarking analytics and the realization of value through the submission cycle.
Click here to learn more about the Data Alliance Portal.
About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools supporting our clients’ growth, efficiency, and risk management objectives. The combination of our unparalleled expertise in risk, expansive information resources and innovative application of technology, helps today’s business leaders confidently navigate an evolving marketplace. We are recognized for our industry-leading solutions, comprising research, data, software and professional services, assembled to deliver a seamless customer experience. Thousands of organizations worldwide have made us their trusted partner because of our uncompromising commitment to quality, client service, and integrity.
Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO). MCO reported revenue of $4.2 billion in 2017, employs approximately 11,900 people worldwide and maintains a presence in 41 countries. Further information about Moody’s Analytics is available at www.moodysanalytics.com.
Business Wire India
Andersen Global continues its expansion in Germany as a new office in Berlin opens, joining the existing Andersen Tax & Legal team in Germany, effective March 1, 2018. The Berlin office will be the sixth location of Andersen Tax & Legal in Germany and includes more than 60 professionals in the offices of Berlin, Dusseldorf, Frankfurt, Cologne, Leipzig, and Merzig.
The team in Berlin is led by attorneys Philipp Zschaler and Dr. Moritz Brocker, who both were previously at BDO Legal. Moritz Brocker works in corporate law and specializes in M&A transactions and venture capital investments. Philipp Zschaler specializes in real estate and insolvency law. The focus of the Berlin team will be on the locally dynamic growth areas of corporate/ M&A, including start-ups, venture capital, and real estate.
"We are looking forward to this new opportunity in our professional career," said Moritz and Philipp. "For us, it is very impressive to experience how closely the individual member firms of Andersen Global cooperate in advising their international clients. For our clients in the start-up sector, this is an important factor and generates additional added value."
Stefan Kraus and Alessio Rossi, Co-Managing Partners of Andersen Tax & Legal in Germany, welcome the new colleagues in Berlin. "Philipp, Moritz, and the other members of the team are eminent experts who in their respective areas of practice have excellent contacts. This team allows us to assist our domestic and international clients in the areas of venture capital and real estate offering them best expertise.“
Mark Vorsatz, Global Chairman and Andersen Tax LLC CEO, added, "Given the importance of the German economy, the continuous and strategic growth of Andersen Tax & Legal within the market is of significant importance for Andersen Global.”
Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 2,500 professionals worldwide and a presence in over 88 locations through its member firms and collaborating firms.
Business Wire India
To meet the needs of the rapidly evolving and growing payments technology landscape in India, Verifone (NYSE: PAY), a world leader in payments and commerce solutions, and Ezetap, one of Asia’s most innovative software and payment processing players, announced a partnership to enable merchants to more quickly and easily adopt both instore and online payment acceptance.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180312006271/en/
Verifone and Ezetap Partner to Accelerate End-to-End Digital Payment Solutions for Merchants. (Photo: Business Wire)
The scope and scale of the collaboration will bring together Verifone’s best-in-class payment solutions and services, and Ezetap’s excellence in software and payment processing, to deliver simple and secure checkout experiences for merchants and their customers in any sector.
“The payments industry has undergone a global transformation in the last few years and India is on a fast track to match developed countries in terms of technology requirements and consumer demand," said Abhijit Bose, Chief Executive Officer, Ezetap. “The combination of Ezetap’s software capabilities and processing flexibility with Verifone’s range of payment solutions and services, will provide merchants with a one-stop, next-generation solution that can deliver differentiated experiences to their customers using customized software, real-time data, and value-added services."
“India is quickly evolving toward a cashless economy and we look forward to working with Ezetap to support merchants through this transition by enabling them to better serve their customers whether they are paying at an online merchant, at home for deliveries, or at their favorite department store,” said Vinayak Prasad, General Manager of South Asia, Verifone. “With Ezetap’s powerful gateway to all major banks in India, Verifone will be able accept a variety of payment types that will allow consumers to shop anywhere with their debit or credit card, mobile wallet, and even with the local Bharat QR scanner and mandated Aadhar-based biometric authentication.”
Further, the partnership will make it simple and convenient for businesses in India to leverage the highly secure range of Verifone payment solutions including the PCI 5.x-certified Engage solutions and Carbon family of integrated point-of-sale systems, in addition to all mobile point-of-sale solutions. Together, the companies will work to develop turn-key, end-to-end solutions that incorporate a variety of applications such as accounting, payroll, real-time inventory management, and loyalty.
Visit Verifone at Money20/20 Asia in Singapore to experience all its products and solutions. Ezetap CEO and co-founder, Abhijit Bose, will be with us at booth #B30 for a fireside chat. Join us for this session on Monday, March 13 from 12:00-12:30pm.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and on currently available competitive, financial and economic data and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Systems, Inc., including many factors beyond our control. These risks and uncertainties include, but are not limited to, those associated with: our ability to successfully collaborate with Ezetap to accelerate digital payment solutions, execution of our strategic plan and business initiatives and whether the expected benefits of our plan and initiatives are achieved, short product cycles and rapidly changing technologies, our ability to maintain competitive leadership position with respect to our payment solution offerings, our assumptions, judgments and estimates regarding the impact on our business of the continued uncertainty in the global economic environment and financial markets, our ability to successfully integrate acquired businesses into our business and operations, our ability to protect against fraud, the status of our relationship with and condition of third parties such as our contract manufacturers, distributors and key suppliers upon whom we rely in the conduct of our business, our dependence on a limited number of customers, the conduct of our business and operations internationally, our ability to effectively hedge our exposure to foreign currency exchange rate fluctuations, and our dependence on a limited number of key employees. For a further list and description of the risks and uncertainties affecting the operations of our business, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. We may also provide material information about us on our investor relations website at www.ir.verifone.com, in company press releases and in social media postings. The forward-looking statements speak only as of the date such statements are made. Verifone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
At Ezetap, veterans from payments, hardware, cloud and SaaS industries have joined hands for the sole purpose of ushering in a new era of a frictionless digital payment ecosystem in India. Ezetap has deployed over 200,000 smart service points on its platform with customers ranging from brick-and-mortar retailers, e-commerce players, leading enterprises, and financial inclusion organizations. Ezetap processes over US$1.5 billion annually and has been ranked twice in-a-row by CNBC in their Global Top 50 Disruptor List 2016 and 2017. The company has raised over $50 million in funding and its investors include Social Capital, the Silicon Valley firm led by former Facebook executive Chamath Palihapitiya, Helion Advisors, American Express, Li Ka-Shing’s Horizons Ventures, JS Capital (Jonathan Soros), Prime Venture Partners, and Capricorn Ventures (Jeff Skoll Group).
Verifone is transforming every day transactions into new and engaging opportunities for merchants and consumers at the last inch of payments and commerce. Powered by a growing footprint of more than 30 million devices in more than 150 countries, our people are trusted experts working with the world’s best-known retail brands, financial institutions, and payment providers. Verifone is connecting more products to an integrated solutions platform to better meet the evolving needs of our clients and partners. Built on a 35-year history of uncompromised security, we are committed to consistently solving the most complex payment challenges. Verifone.com | (NYSE: PAY) | @verifone.
MULTIMEDIA AVAILABLE :
Business Wire India
Delos Capital (“Delos”), a private equity firm based in New York, announced the acquisition of Sage Metals Limited (“Sage” or the “Company”).
Sage is a leading manufacturer of specialty metal products serving the North American electrical, power utility, industrial, and drainage end markets. The Company was founded over 30 years ago and is based in Delhi, India.
Delos acquired Sage from its founders, Vinod K. Agarwal and S.P. Agarwal, and partnered with one of the owners, R. Krishnan, and a new U.S. based management team in the transaction. Delos raised acquisition financing from Olympus Capital Asia Credit and SSG Capital Management.
“Delos is excited to partner with the Sage management team for the next stage of the Company’s growth”, said Michael Rakiter, Partner at Delos Capital. “Sage has a long history as a best-in-class provider of custom metal fabrication solutions to leading original equipment manufacturers. We believe this partnership will strengthen the Company’s presence in North America and accelerate the business toward significant growth.”
R. Krishnan, owner and new CEO of Sage, said “We are embarking upon a new and exciting phase in the Company’s journey. Over the years the promoters have built a strong organization which provides an excellent launching pad for taking the Company to greater heights. Delos, along with their operating partners, have all the elements required to make this happen in the most efficient way.”
About Delos Capital
Delos Capital, founded in 2013, is a lower middle market private equity firm specializing in management buyouts, recapitalizations, and growth investments.
Business Wire India
Ethoca, the industry standard for collaboration-based technology solutions that enable card issuers and online merchants to increase card acceptance and stop ecommerce fraud and disputes, today announced the launch of its new Integrated Solution Suite. When adopted at full scale across the industry, Ethoca’s suite of products – including Ethoca Eliminator, Ethoca Alerts and Enhanced Representments – can mitigate up to 90% of chargebacks from genuine fraud, friendly (or first-party) fraud and false claims. Even more importantly, it sets the stage for increased card acceptance across the ecosystem.
Today’s ecommerce ecosystem is plagued by a raft of issues that increase friction in the purchase process and create a negative experience for customers. With friendly fraud (whether innocent or hostile) and false claims now reaching 90% of all fraud volumes in sectors like digital goods, card issuers, merchants and customers are all facing a downward spiral of disputes that are having a significant impact on card acceptance. Industry estimates suggest that ‘false declines’ – when good customers are falsely declined due to the risk of fraud – are continuing to increase: for every $1 in confirmed fraud, $13 in legitimate transactions are falsely rejected. Customers experiencing a false decline will elect to abandon purchases at trusted ecommerce web sites, pull out a different payment card or, in 39% of cases, potentially abandon the purchase altogether.1
Ethoca’s new solution suite is solving the ecommerce friction and customer experience problem through three lines of defence. The first line of defence is Ethoca Eliminator, a ground-breaking new solution that allows card issuers to tap into deep merchant intelligence (shopping cart details, IP address, account details, etc.) at the first moment a cardholder clicks on a transaction in their mobile banking app or calls into their bank to question a transaction. This unique process allows cardholders to better recognize their own transactions, regardless of whether the intention to dispute is innocent or malicious.
With disputes now deflected in near real time, cardholders avoid having payment cards cancelled unnecessarily when good transactions are unwittingly reported as fraud. Merchants benefit by avoiding any impending chargeback and preserving the revenue from the transaction, while card issuers create a frictionless experience for cardholders and avoid the high operational costs associated with processing disputes. In pilot with a top five U.S. card issuer and major digital goods merchant, Eliminator successfully deflected 38% of disputes that would have otherwise become damaging chargebacks. More than 15 major card issuers globally and several of the world’s top digital goods brands have committed to Eliminator implementation throughout 2018.
The second line of defence in Ethoca’s suite is Ethoca Alerts– the company’s flagship product introduced in 2010. If during the Eliminator process a cardholder still insists on disputing the transaction, card issuers participating in Ethoca’s network will provide confirmation of fraudulent or disputed transactions to Ethoca. Ethoca makes this actionable intelligence available to more than 5,400 merchants participating in Ethoca’s network through real-time alerts that provide a window of opportunity to stop the fulfillment of goods and services and refund the transaction to avoid the chargeback. Card issuers who use the service benefit by avoiding chargeback processing costs and recovering fraud losses – including 3D Secure and low-value transaction write-offs – much more quickly and inexpensively than ever before.
The third line of defence is Enhanced Representments. Merchants who have sufficient compelling evidence to prove a case of friendly fraud or challenge other transaction disputes are often focused on recovering revenue they would otherwise lose through the chargeback process. Enhanced Representments is a completely automated solution focused on disputing chargebacks responsibly based on Ethoca’s deep understanding of chargeback processing and compelling evidence rules. It preserves an equitable balance across the ecosystem by enabling merchants to fight only those chargebacks supported by the right compelling evidence and without creating downstream pain for card issuers who are often negatively impacted by indiscriminate representment behaviours.
“Ethoca’s belief is that a layered approach – powered by the global collaboration network we pioneered – is the only real solution to combat the pervasive friction and poor customer experience typical of today’s ecommerce environment,” said Keith Briscoe, Chief Marketing & Product Officer at Ethoca. “Aiming to eradicate 90% of chargebacks while laying a new foundation for a transaction acceptance experience where no good customer is turned away is our current mission. This new solution suite takes us one step closer to our vision: creating a new set of rails for the rapid exchange of rich transaction data and intelligence designed to finally make frictionless ecommerce a reality.”
Ethoca is the leading, global provider of collaboration-based technology that enables card issuers, ecommerce merchants and online businesses to increase card acceptance, stop more fraud, recover lost revenue and eliminate chargebacks from both fraud and customer service disputes. Through the Ethoca Network – the first and only of its kind in the industry – we are closing the information gap between card issuers and merchants. This unique capability makes fraud and customer dispute insight available and actionable in real time.
Our suite of services delivers significant revenue growth and cost saving opportunities to more than 5,400 merchants in 40+ countries and more than 585 card issuers in 20+ countries. Eight of the top ten North American ecommerce brands, 14 of the top 20 North American card issuers and six of the top ten UK card issuers rely on Ethoca solutions and the network that powers them.
1 Javelin – Future Proofing Card Authorization, 2015.
Business Wire India
|XinFin ties up with KoinOK|
Singapore based Blockchain Technology XinFin recently announced its association with KoinOK. KoinOK is proudly building the most customer-focused cryptocurrency platform in India and XinFin aims to solve a critical problem of bridging infrastructure deficit using blockchain technology. Xinfin is rated as most enterprise-friendly blockchain protocol by fortune 500 companies. As a part of this collaboration, KoinOK and XinFin are planning to airdrop over 5 million XCDE utility tokens for free as a part of their referral program with an aim to bring more Indians to participate in the blockchain revolution.
KoinOK allows its users to trade and invest in many cryptocurrencies. KoinOK has created a general and flexible blockchain infrastructure which makes it quick and easy to add new cryptocurrencies. KoinOK is always looking out for innovative currencies exhibiting great potential and follow a strict process of carefully selecting the tokens to be traded on their exchange. After Ethereum, Ripple, Neo, and Gas, XDCE will be the 5th token to be listed on KoinOK. Other equivalent exchanges like Zebpay, Koinex, and UnoCoin in India provides similar services.
XinFin had launched its utility token XDCE on Feb 5, 2018, and has recently finished its XDCE Crowd Token Contribution. XDCE token will primarily help traders to contest against other ERC20 tokens across several exchanges. XDCE is an ERC20 utility token based on a decentralized Ethereum Ecosystem which will enable global enterprises to work with XDC Protocol. It will increase the liquidity of XDC tokens to enable many business use cases. The association with KoinOK will allow Indian users to effortlessly buy, sell and trade XDCE using Indian currency INR.
KoinOK Co-founder Vivek Agarwal said, “We are proud to associate with XinFin as this will bring the first airdrop event of such magnitude in India where functional tokens are distributed for free. Till now, all airdrops by other players took place with non-functional tokens which provided no utility.”
XinFin’s Co-Founder, Peter Yeo also mentioned the recent tie-up with KoinOK as revolutionary and said, “Run by a young and dynamic team, KoinOK is one of the fastest growing digital exchanges in India. We are really excited to collaborate with KoinOK and we believe that our offerings will positively serve our users. With this partnership, our growing community that has an ever-growing demand for XinFin tokens will be able to trade without addressing drastic price changes because of volatility.”
XinFin launched its utility token XDCE on Feb 5, 2018. XDCE is an ERC20 token which will have multifold benefits for traders, private investors and institutional level partners. All the details regarding recently completed XDCE Crowd Token Contribution (ICO) can be found on their Utility Token Contribution Page: www.xinfin.io.
XinFin launched the TradeFinex platform at the Digital Asset summit organized by Asia’s largest trade and commerce bodies - Assocham (www.assocham.org) and extended the platform to over 450,000 participating enterprise members. Ramco systems (www.ramco.com), Asia’s biggest company and part of global $1 Billion conglomerates has chosen XinFin Hybrid Blockchain to deploy blockchain solutions for 500+ of its clients in Aviation, Supply Chain and HR. XinFin is already working with leading global fortune 500 clients across USA, Europe, Asia and India. It has successfully demonstrated over 10+ pilot projects in Travel, Banking, Supply Chain, Finance, Trade, and Aviation. The upcoming major global expansion includes Canada, USA, Middle East and Sri Lanka, with details to be announced in the coming weeks.
Recently, ‘Bitcoin Jesus’ and CEO of Bitcoin.com, Roger Ver joined XinFin team as advisors along with Mate Tokay (COO of Bitcoin.com), Jason Butcher (Co-Founder-COO - Coinpayments), David Freuden (Blockchain Advisor & Consultant) & Sydney Ifergan (CMO, Blockchain Expert from Europe).About XinFin
XinFin (www.xinfin.org) is a Singapore based Blockchain Technology Company that is focused on Business Process Efficiency improvement and has deployed Blockchain solutions for international trade and finance. XinFin had recently launched XDCE utility tokens which were available through its public ICO and these tokens can help people to get access to the XDC protocol and its sub-networks by hosting XDC master nodes. XinFin’s XDCE tokens allow users to trade at stable prices on regulated exchanges avoiding unstable market where price changes drastically due to lower liquidity.
XinFin has developed a highly capable, secure, permissioned and commercial grade Hybrid Blockchain architecture by forking JP Morgan's Quorum. With an aim to bridge the global infrastructural deficit with the marketplace platform – TradeFinex (www.tradefinex.org), XinFin offers tools to undertake Blockchain powered peer-to-peer trade and finance contracts between governments, institutions, buyers, and suppliers. This helps in an efficient deployment of capital and undertaking infrastructure projects without burdening the government treasury.
XinFin has four lines of solutions namely TradeFinex, Business Efficiency solutions, E-Wallets & Remittance and Private Sub-networks. Follow XinFin on Twitter (@XinFinF), on Telegram (https://t.me/xinfintalk) and on Slack (https://xinfin-public.slack.com/). Also, check out XinFin’s latest video (https://www.youtube.com/watch?v=K-tHZkV6zAs) and know ‘What is XinFin’.
KoinOK is Indian’s most customer-focused cryptocurrency exchange which enables users to trade and invest in popular digital assets in an open order book system. KoinOK exchange is a one-stop solution for quick, easy and secure trading in cryptocurrencies in India.
While offering a deeper understanding of the significance of the exchange downtimes particularly in the case of cryptocurrencies where the prices are highly unpredictable KoinOK has also solved problems related to security and support which are few of the chief challenges in the cryptocurrency exchanges existing in India and overseas. For more information, please visit the website. Get KoinOK updates through social media - Twitter (@Koinoktrade) and Telegram (https://t.me/koinokforum).
Business Wire IndiaStar Union Dai-ichi Life Insurance Co. Ltd. (SUD Life) limited has partnered with Manipal Global Education Services (MaGE) for a customised Life Insurance Training Program for its future employees. The program will be delivered at the Manipal Global Academy of BFSI Campus in Bangalore.
The candidates will undergo a one-year customised residential life insurance training program at Manipal Global Academy of BFSI. The one-year full-time training program will comprise of four months of training on-campus and two months of internship followed by six months of On–the–Job training at SUD Life branches. Designed to upskill prospective employees with the right domain knowledge in Life Insurance, the course aims at enhancing their competencies and business development skills enabling them to develop and implement growth opportunities for SUD Life.
On the successful completion, students will be awarded a Post-Graduate Diploma in Life Insurance and will be offered employment at SUD Life. The aim of the Life Insurance Training Program is to mould officers of high calibre in the field of life insurance and create a workforce that matches the company expectations and culture. The first part of the Life Insurance Training Program will commence on April 2018 in Bangalore.
Commenting on the partnership Mr. Girish Kulkarni, Managing Director & CEO of SUD Life said, “Increasing financial literacy among customers should be at the core of any strategy involving financial services firm. Through our partnership with Manipal Global, it is our endeavour to address this need. The SUD Life – ACE Programme plays a significant role for us as we are investing in young talent who will graduate equipped and enabled to advise our customers on their needs."
Mr. Bimaljeet Singh Bhasin, Vice President, Enterprise Business, Manipal Global Education Services (MaGE) said, “We are happy to partner with SUD Life for upskilling its Life insurance professionals. We are glad that SUD Life has shown the vision to continue investing in its talent, which is one of the most important capabilities to have. Over the years, we have been supporting large number of organizations in the BFSI space helping them on-board highly skilled workforce. This engagement with SUD Life extends our footprint in the insurance industry."
About SUD Life Insurance Company
Star Union Dai-ichi Life Insurance (SUD Life) is amongst the leading life insurance companies in India. Founded in 2009, SUD Life has been since committed to understanding the needs of the customers and providing them with products that simplify their lives.
A joint venture of Bank of India, Union Bank of India and Dai-ichi Life, SUD Life is a blend of 100-year old legacy, geographic strength and technology.
With a robust collective network of Bank of India and Union Bank of India’s over 9500 branches, SUD Life is one of the largest life insurance distributor in India.
Further details: http://www.sudlife.in
About Manipal Global
Manipal Global Education Services (MaGE) is a leading international provider of high-quality higher education services. As a leader in the higher education industry, MaGE believes that industry relevance is imperative for career-focused education in India. This has led to innovative partnerships with leading Indian banks, Insurance Companies & Small Finance Banks such as HDFC Life, TATA AIG General Insurance, Future Generali Life, TATA AIA Life, ICICI Bank, AXIS Bank, Ujjivan SFB, Janalakshmi, Equitas SFB, Au FINANCIERS, Bank of Baroda, Punjab National Bank, Andhra Bank, HDFC Bank, Kotak Mahindra Bank, RBL Bank and others to establish academies of banking & finance.
Headquartered in Bangalore, MaGE provides a wide range of higher education services to institutions in India. These include corporate training programs in partnership with leading enterprises, vocational training across a number of sectors, as well as technology-driven services in areas such as testing and education delivery. It is also the dedicated service provider/operator of university campuses in Malaysia, Antigua in the Caribbean, Dubai and Nepal. It services and supports over 400,000 students, many of them through its award-winning large-scale technology platform, EduNxt™.
Over the years, the success of ICICI Manipal academy led to many such joint initiatives between leading banks & financial institutions and Manipal Global, resulting in setting-up of Manipal Academy of Banking & Insurance with world-class residential campuses at Jaipur and Bangalore.
Today, Manipal Academy of Banking & Insurance partner with 34 leading Banks and Financial Institutions and have trained over 50,000 professionals for leading banks, insurance and financial services organizations. Manipal Academy of Banking & Insurance has established exceptional benchmarks in enhancing the productivity by transforming the human capital of the banks, insurance and financial institutions.
Business Wire India
In his new role, Rajesh will focus on new growth opportunities for DHFL Pramerica Asset Managers. The organization will continue to create differentiated asset management solutions for customers. He will be responsible for aligning the company’s proposition to existing market opportunities and create incremental value for its existing stakeholders. On the delivery front, Rajesh will forge stronger and deeper relations with an expansive network of independent financial advisors and distributors spread across 26 cities in India.
Commenting on the development, Kapil Wadhawan, Chairman, WGC and CMD, DHFL said, “I would like to congratulate Rajesh on his new role and extend him a warm welcome to the WGC family. Given that the Indian asset management business is seeing greater acceptance and with Indian equities among the best performing indices globally, there is a huge opportunity for us to create sustainable value for our customers. I am sure that with his rich experience and expertise in the Indian capital markets, Rajesh will lead us to achieve this goal meticulously. With two of the most trusted and leading brands in the BFSI domain, DHFL in the domestic markets and Pramerica as a global financial player coming together, we are ready for the next phase of growth and reinforce our leadership in the financial services domain.”
Glen Baptist, CEO and CIO, PGIM Global Partners said, “India is an important growth market for Pramerica. We continue to see a tremendous opportunity to service clients in this market and DHFL Pramerica is well positioned to execute on its strategic plan of becoming a leading asset manager in India. I am confident that under Rajesh’s leadership, the firm will continue to strengthen its competitive position in the market and deliver superior value to clients. I wish Rajesh all the best as he sets about on his new responsibility.”
Since 2006, Rajesh was associated with Kotak Mahindra Wealth Management, heading their Investment Advisory and Family Office businesses. An industry veteran in the BFSI sector, he has over two decades of experience in the capital markets industry. His expertise includes equity research, proprietary fund management for bank treasuries and investment advisory.
Mr. Iyer commented, "I am delighted to join DHFL Pramerica Asset Management Company – a brand which derives its fundamentals from industry leaders such as DHFL and Pramerica. I am sure that my skills and experience will lead to the greater financial empowerment of our customers as we work towards capitalizing the never-before prospects presented by the Indian equity and fixed income markets. I look forward to leading the team of highly skilled professionals in the Indian BFSI sector and us growing to become a market leader.”
Rajesh was associated with brands such as UTI-Nomura Securities, TAIB Bank EC and the National Bank of Bahrain. He is qualified Chartered and Cost Accountant from India. He is also a qualified Chartered Financial Analyst (CFA) and Financial Risk Management (FRM) professional from the US.
About DHFL Pramerica Asset Management Company.
DHFL Pramerica Asset Managers is a joint venture between Dewan Housing Finance Corporation Ltd. (DHFL) and American financial services giant Prudential Financial. A Wadhawan Global Capital (WGC) company, it manages more than ₹25,622 crore through 22 open-ended funds operated by 18 investment professionals. Pramerica’s investment expertise combined with DHFL’s local sales network helps bring a sophisticated wealth management service to every household across the country.
For more information, please visit http://www.dhflpramericamf.com/
For more information about the group, please visit Wadhawan Global Capital (WGC) www.wgcworld.com
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of December 31, 2017, has operations in the United States, Asia, Europe, and Latin America. PGIM, Inc., is the principal asset management business of Prudential Financial, Inc. and is a registered investment advisor with the US Securities and Exchange Commission. Prudential Financial, Inc. of the United States is not affiliated with Prudential plc, which is headquartered in the United Kingdom.
Business Wire IndiaMobiKwik, India’s largest digital financial services platform, has announced the roll out of a first-of-its-kind offer to encourage its millions of users to complete the e-KYC (Know Your Customer) verification on the MobiKwik app in 60 seconds. As a part of this campaign, MobiKwik will offer a SUPERCASH of Rs. 300 to customers for Aadhar based e-KYC. The customers can avail this offer by using the code- KYC300.
MobiKwik wallet users need to follow 3 simple steps to complete the e-KYC. The user needs to log on to the app and enter his Aadhar number to begin the e-KYC process. Once the Aadhar details have been registered, the customer gets an OTP on the phone. The e-KYC is complete the moment customer uploads this OTP.
Speaking on the announcement, Mr. Bipin Preet Singh, Founder and CEO, MobiKwik said, “KYC is a necessary step to pave way for interoperability between PPIs, bank accounts and cards in a phased manner. There has been a lot of confusion amongst the users, post the KYC compliance deadline of February 28. We, at MobiKwik, are working tirelessly to ensure than all our customers complete their e-KYC at the earliest possible, so they can continue using the mobile wallets. This initiative is aimed to informing our customers that e-KYC is a simple process that can be done on the user’s phones and will not take more than a minute.”
Digital transactions have been on the rise in India. In December 2017, transactions worth Rs 12,568 crore ($1.93 billion) were carried out on e-wallets, according to the Reserve Bank of India. This is compared to Rs 3,385 crore in October 2016, before demonetisation, which gave a big boost to the industry.
SUPERCASH is the first ever loyalty initiative launched by a mobile wallet in India. Under this initiative, the user saves money every time he transacts on MobiKwik. They can earn reward points at all MobiKwik merchants, including their local mom and pop stores.
Buoyed by the slew of strategic partnerships it has forged, MobiKwik has seen its user base grow three times to 100 million in the one year since demonetisation. This makes MobiKwik the only second mobile wallet after Paytm to cross the 100 million user mark in India.
MobiKwik is India’s largest digital financial services platform, a mobile wallet major and a leading payment gateway. MobiKwik app is a leading mobile payment platform with a network of over 30,00,000 direct merchants and 260 million plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised four rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments Net1 and Bajaj Finance.
In 2017, MobiKwik has forged a string of smart partnerships with leading blue-chip brands such as BSNL, Bajaj Finserv Ltd and IndusInd Bank, thus starting to impact almost 260 million Indians. In August 2017, BSNL went digital by launching a bespoke mobile wallet developed and issued by MobiKwik. Recently, the company has partnered with Bajaj Finserv Ltd. to develop an EMI wallet through which customers can avail credits and loans. Bajaj Finserv-MobiKwik wallet is also India’s first credit wallet. MobiKwik has also developed India’s first auto-load wallet for IndusInd Bank’s 10 million plus customers, who can make purchases just by tapping their wallet and their money gets automatically debited from their IndusInd account. The company has also signed a pact with IDFC bank for the launch of virtual cards.
The company has offices in New Delhi, Mumbai, Bangalore, Pune and Kolkata. MobiKwik aspires to be the largest source of digital transactions in India. It is powering e-payments for Bhopal Plus, Bangalore One, GSRTC, Amul, Verka, Mother Dairy, Safal, NHAI, Bharat Petroleum, Indian Oil, Amul, Verka, IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Dominos, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, Nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip. The company has tied up with BSNL to create cobranded mobile wallet for their 120M customers.
Business Wire India
|Mr. Ramesh, Head of Forex Department receives the award|
Recognizing a company as the prestigious organization is the reflection of stupendous diligence of the entire team. As one of the largest financial market in the world, foreign exchange business has caught a momentous pace with innovations and improvements to enrich the lives of the people and create trust among the customers. Implementing currency buyback option as an excellent remedy for leftover currency brought a hike in foreign exchange services paving the way for the documented honor of SKOCH-Order-of-Merit Award.
The most prestigious award was announced after the detailed evaluation and scrupulous selection process by the award committee and UAE Exchange India grabbed the esteemed SKOCH Order-of-Merit Award 2018 for adopting innovations in Foreign Exchange services. The esteemed function was held at Rafi Marg, New Delhi on March 10th 2018. Mr. Ramesh R, Head of Forex Department, UAE Exchange India received the award.
UAE Exchange India always takes an extra mile to provide significant contribution with updated facilities. Digitalized services is the need of the day and it catalyses an avenue for novel services mainly in online currency exchange solution thru buyback options. About UAE Exchange India
UAE Exchange India is a name known for penchant quality and optimized financial service trends that stand 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.
Business Wire IndiaWhile the markets have been choppy for the past few weeks, the investors are having a field day judging about what to expect. With the Sensex coming down an odd 1200 points since February end, all market derivatives are taking a hit. While some investors exited the market, due to their equity being wiped off, others are looking for safer avenues.
Since it is important to let the tricky times pass for the share market, it is important for the investors to find a safe haven where the money is safe, and can be easily withdrawn for reinvestment when the time is right. For balancing the risk, investors can also invest in fixed deposits which offer guaranteed returns with a fixed interest rate.
Bajaj Finance Ltd., offers Fixed Deposits at an attractive interest rate of 7.85% to its customers, which can go upto 8.20%, in case of senior citizens. With ICRA’s MAAA (Stable) Rating and CRISIL’s FAAA/Stable Rating, Bajaj Finance Ltd., has been deemed with the highest degree of safety with regards to timely payment of interest and principal on the instrument.
Customer can invest in Bajaj Finance FD with an amount as low as Rs. 25,000 and has an option to select the tenure between 12 months to 60 months, depending on the preference.
Benefits of Fixed Deposits with Bajaj Finance:
With a fixed deposit, the investor can hope for a fixed interest on the investment, with absolutely no effect of any market fluctuations.
Highly beneficial for senior citizens:
With additional percentage of interest, investors end up gaining more on the Senior Citizen Fixed Deposit.
Fixed Deposits are bound by a pre-decided rate of interest. The investor ends up earning the amount, no matter how the stock market performs. This makes FDs one of the safest investment options.
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
Liquidnet, the global institutional trading network announced the launch of Best Ex Replay, the newest addition to the Liquidnet Virtual High Touch suite powered by data and analytics from OTAS Technologies.
Best Ex Replay™ enables traders to recall precise market conditions to explain the context of execution decisions, investigate orders that experienced exceptional market conditions, and to help their firm meet regulatory reporting requirements such as MiFID II. It also enables traders to provide detailed execution feedback to Portfolio Managers.
“What we’ve heard from our global Membership is that every minute that goes into manual, administrative tasks such as compliance requests and best execution analysis—while valuable—is time that comes at the expense of alpha generation,” said Natasha Shamis, Global Head of Product. “Traders need to spend their time on achieving best execution, not proving it. That’s what Best Ex Replay is for.”
When a trader uses Best Ex Replay to research the trading conditions of a security on a specific date, he or she is presented with a description of exceptional trading conditions during that day, market microstructure charts and analysis covering return, volume, liquidity, and spread. The trader is also given an option to run a Performance Report on an execution based on order details that they provide, which is particularly useful with MiFID II best execution requirements.
“The recent introduction of MiFID II in Europe has accelerated global regulatory pressure on firms to deliver constant, detailed, and systematic best execution analysis,” said Mark Pumfrey, Head of Liquidnet EMEA. “Best Ex Replay delivers meaningful execution and market information in a convenient and timely way—a broker-neutral solution covering most equity names in the US, Canada, developed Europe, Hong Kong, and Australia, whether or not an order is executed on Liquidnet.”
“We are increasingly seeing firms embrace technology-driven solutions to keep up with ever-growing regulatory obligations,” said Sang Lee, Co-Founder and Managing Partner of Aite Group. “Liquidnet’s Best Ex Replay foreshadows the critical role technology will play as the buy-side trader becomes more and more accountable for best execution.”
For more information on Liquidnet Virtual High Touch® and Best Ex Replay visit: www.liquidnet.com/vht.
Liquidnet is the global institutional trading network where more than 900 of the world’s top asset managers and other like-minded investors come to execute their large trades with maximum anonymity and minimum market impact. Liquidnet approaches every market with the same bold vision to provide a better, more efficient way to trade on a massive scale. It is this focus on size, combined with the strength of its network, disruptive technology, and commitment to transparency, that is revolutionizing the way equities and corporate bonds are traded. For more information, visit www.liquidnet.com and follow us on Twitter @Liquidnet.
© 2018 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC.Liquidnet Europe Limited is authorized and regulated by the Financial Conduct Authority in the UK, is licensed by the Financial Services Board in South Africa, and is a member of the London Stock Exchange and a remote member of the Warsaw Stock Exchange and SIX Swiss Exchange. Liquidnet Canada Inc. is a member of Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission as a licensed dealer and a provider of automated trading services pursuant to the Securities and Futures Ordinance and is regulated by the Monetary Authority of Singapore as a Recognized Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is registered with the Australian Securities and Investment Commission as an Australian Financial Services Licensee, AFSL number 312525, and is registered with the New Zealand Financial Markets Authority as a Financial Service Provider, FSP number FSP3781.
Business Wire India
|EASE app uses AI technology to provide finance advisors with emotional insights about clients|
Accenture (NYSE: ACN) and Grameen Foundation India have collaborated to develop two new applications that help overcome the barriers to financial services adoption among women and other low-income populations in India. Leveraging artificial intelligence (AI) and augmented reality (AR) technologies, the applications help users better understand financial products and services, enabling them to make informed choices that positively impact their financial and social well-being. Grameen Foundation India plans to roll out the applications across 300 villages in the states of Maharashtra and Odisha.
“This is a tremendous example of how technology can help bridge the vast cultural and educational divide in places like India, having a real impact on the way people work and live,” said Sanjay Podder, managing director, Accenture Labs India. “Our collaboration with Grameen Foundation India is part of our Tech4Good initiative to apply disruptive technologies in new and unique ways to address complex social challenges.”
“Access to financial services gives women greater control over their lives, enabling them to start small businesses, invest in their local communities, and better cope with crises. But barriers - ranging from illiteracy to a lack of bank branches in rural areas, coupled with a lack of confidence and access to information - hinder adoption for millions of low-income women in India,” said Prabhat Labh, CEO, Grameen Foundation India. “The breakthrough use of these new technologies will enable Grameen Foundation India to work even more effectively for the economic empowerment of women.”
Accenture Labs in Bangalore began working with Grameen Foundation India last year as part of its broader corporate citizenship focus on using Tech4Good. Leveraging its expertise in emerging technologies - including AI, AR, speech recognition and computer vision - coupled with Grameen Foundation’s expertise in human-centric design and e-learning to solve the problems of poverty, two applications were developed:
The new applications build on Grameen Foundation India’s successful implementation of its new e-learning platform, G-LEAP, which is being used by more than 1,000 frontline microfinance workers who have trained and equipped over 58,000 women beneficiaries to use digital financial services. These women perform digital transactions worth over a crore of rupees (Indian Rupees ten million) each month.About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 435,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
About Grameen Foundation India
Established in 2010, Grameen Foundation India (GFI) is a wholly owned subsidiary of Grameen Foundation. Grameen Foundation India’s mission is to enable the low-income segments, especially women, to create a world without poverty and hunger. We provide strategic and technical expertise to leading social enterprises, financial services providers and technology providers to extend financial services and information to underserved communities, especially women. For more information, please visit - www.grameenfoundation.in
Business Wire India
Workiva (NYSE:WK), a leading provider of solutions for enterprise productivity, announced Wdesk users filed more than 84 percent of all Inline XBRL facts with the U.S. Securities and Exchange Commission (SEC) in the fourth quarter of 2017. Wdesk has also been used to file more than 69 percent of all Inline XBRL filings.
Inline XBRL (eXtensible Business Reporting Language), also known as iXBRL, creates a single, standardized, machine-readable report that is integrated within companies’ human-readable HTML filings. Inline XBRL combines the advantages of both filing types into a single, browser-friendly document.
“XBRL was arguably the biggest thing to come along to enable machine readable financial data, and Inline XBRL is how we advance toward the common goal of providing better data,” said Marty Vanderploeg, President and Chief Operating Officer of Workiva. “Workiva is committed to improving data quality, increasing efficiencies and easing regulatory burdens for our customers.”
Wdesk was used to create the first Inline XBRL filing less than three weeks after the SEC began allowing the voluntary format in the U.S. in June 2016. Nine months later, in March 2017, the SEC voted to propose amendments to require Inline XBRL in filings submitted by public companies and mutual funds that currently file with XBRL. If approved, the amendment could require corporate financial statements and mutual fund risk/return summaries to be filed in Inline XBRL sometime in 2018.
“The SEC’s proposal shows the Commission’s long-term commitment to structured data by using Inline XBRL to improve data quality and accessibility,” said Vanderploeg. “With Wdesk, our customers have built-in transparency and the tools they need to meet the impending regulatory changes.”
European Securities and Markets Authority Selects Workiva to Incorporate ESEF Taxonomy
Workiva’s strong leadership in Inline XBRL in the U.S. was one reason why the European Securities and Markets Authority (ESMA) selected the Wdesk platform to be among the first solutions to successfully incorporate and test ESMA’s European Single Electronic Format (ESEF) taxonomy. Inline XBRL will be required under ESEF for more than 5,000 EU issuers for their annual financial report, ending on or after January 1, 2020.
“It made sense for Workiva to be among the first to demonstrate Inline XBRL to streamline ESEF requirements,” said Vanderploeg. “Workiva has been on the forefront of helping Foreign Private Issuers use XBRL tags in their SEC filings, and we are among the first companies to be certified by XBRL International.”
“Regardless of pending regulations, filers need future-proof technology to manage risk, establish disclosure procedures and focus on data quality,” added Vanderploeg. “Our Wdesk customers are able to collaborate in a secure, integrated environment with full transparency, which helps drive better business and investment decisions.”
Workiva (NYSE:WK) delivers Wdesk, an intuitive cloud platform that modernizes how people work within thousands of organizations, including over 70 percent of the FORTUNE 500®. Wdesk is built upon a data management engine, offering controlled collaboration, data connections, granular permissions and a full audit trail. Wdesk helps mitigate risk, improves productivity and gives users confidence in their data-driven decisions. Workiva employs more than 1,200 people with offices in 16 cities. The company is headquartered in Ames, Iowa. For more information, visit workiva.com.
Read the Workiva blog: www.workiva.com/blog
Follow Workiva on LinkedIn: www.linkedin.com/company/workiva
Like Workiva on Facebook: www.facebook.com/workiva
Follow Workiva on Twitter: www.twitter.com/workiva
Claim not confirmed by FORTUNE or Time Inc. FORTUNE 500® is a registered trademark of Time Inc. and is used under license. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, Workiva Inc.
Business Wire India
MulTra GmbH has created an innovative solution to monetize digital content for newspaper publishers while simultaneously paying consumers for reading the news through their Pumped App. Pumped claims to be the first platform which pays people for reading news content while guaranteeing 100% ad revenue to publishers at no-sign up cost.
“We developed the Pumped App working with feedback from major international publishers to address the challenge of monetizing news content,” said MulTra GmbH CEO Onik Mia. “By using the Pumped App, consumers are paid in the Ethereum-based MulTra Token (MTT) to read publisher content and earn cryptocurrency.” MulTra GmbH is a member of the Enterprise Ethereum Alliance.
The Pumped App is platform independent and any publisher, regardless of size, can participate in the Pumped ecosystem for free. Media industry leaders and blockchain experts recently gathered at the Soho House Berlin to discuss how Pumped can increase monetization of content independent of the Google / Facebook duopoly. They agreed that the integration of blockchain technology and crypto-micropayments can create exciting monetization opportunities for news publishers.
The Pumped App learns what types of content a user is interested in and provides more curated content to the user using machine learning. Readers are then paid with MTT for reading, curating and engaging with the news content on the Pumped App. These earned MTT can then be exchanged for money through cryptocurrency exchanges or can also be used to pay for premium content subscriptions on publisher websites, hence providing an additional revenue source to newspapers.
This allows people anywhere in the world to earn money for reading the news.
About Enterprise Ethereum Alliance (EEA): The EEA connects Fortune 500 enterprises, startups, academics and technology vendors with Ethereum subject matter experts.
About MulTra GmbH: MulTra GmbH, the company that has developed the Pumped ecosystem, was founded in 2014 and is based in Frankfurt, Germany. Its clients include Deutsche Bank, Samsung, Huawei, BMW, GlaxoSmithKline, Lenovo, Johnson & Johnson and many more. MulTra GmbH’s digital products received multiple awards from the European Commission for their innovative strengths and impactful nature. Website: www.pumped-crypto.io
Business Wire India
The Saga Foundation (saga.org) announces today its mission to create Saga (SGA), the first non-anonymous blockchain-based digital currency. The currency is designed with a tamed volatility mechanism. These characteristics can set the ground for the currency to become a store of value and a medium of exchange.
Saga is designed to address legitimate concerns expressed by policy makers, regulators and market participants regarding cryptocurrencies; mainly their anonymity, lack of underlying value and high volatility.
Saga holders must satisfy full KYC (Know Your Customer) qualification and AML (Anti Money Laundering) requirements under Swiss law. With such disclosures, Saga resolves concerns about participant accountability, an issue that is generally raised regarding cryptographic currencies.
Saga aims to promote a low-volatility environment, combining the virtues of blockchain technologies with algorithmic representations of financial tools. For this reason, Saga is backed by a variable fractional reserve that is anchored to the IMF’s SDR. These reserves will be deposited with regulated banks through algorithms in the underlying Smart Contract System.
Dr. Jacob Frenkel stated: “While Blockchain technologies have gained growing acceptance, encryptic currencies have raised public policy concerns, since they are anonymous, unbacked, and are highly volatile. I share these concerns and see great value in Saga’s vision to address them properly.”
Prof. Myron Scholes stated: “Blockchain technologies will change financial infrastructure, from a current focus on transactions processing to transactions analyzing. This facilitates more efficient client solutions to their financial problems. The Saga project aims to develop a sustainable and efficient blockchain-based cryptocurrency that I support through becoming a member of its advisory council.”
Mark Tluszcz, CEO at Mangrove Capital Partners stated: "Saga represents a step change in maturity for digital currencies. The first that combines material benefits to the existing financial system with the potential and needs of the digital world. It’s the strongest team in the space and we are delighted to be backing the project."
Saga Foundation’s Founder & President, Ido Sadeh Man stated: “The creation of Saga is based on interdisciplinary knowledge, permitting the implementation of monetary models to tame volatility and allow regulatory access to participants’ identity. We are fortunate to have the involvement and insights of global leaders, who along with the other members of our Advisory Council, are helping us to design the first non-anonymous blockchain-based digital currency.”
Additional members of the Advisory Council are:
• Prof. Dan Galai: Co-Developer of the Chicago Board Options Exchange's Volatility Index (VIX)
• Prof. Emin Gün Sirer: Professor & Co-Director at the Initiative for Cryptocurrencies and Smart Contracts at Cornell University
• Prof. Raz Chen-Morris: Humanities Department Chair at the Hebrew University of Jerusalem
The Saga Foundation is not conducting an ICO. Rather, it enjoys the support of accredited investors, VC’s and hedge funds, amongst which are Mangrove Capital Partners, Lightspeed Venture Partners, The Singulariteam Technology Group and Initial Capital.
Saga Foundation is headquartered in Switzerland, and is governed by Swiss law and regulations, including the rules of the Supervisory Authority of Swiss Foundations ESA and the Financial Market Supervisory Authority FINMA. The purpose of the not for profit Saga Foundation, as defined in its statutes, is: “promoting and developing new technologies and applications, especially in the fields of new open and decentralized software architectures. A dominating but not exclusive focus is set on the promotion and development of the so-called Saga protocol and the related technologies, as well as the promotion and support of applications using the Saga protocol”. The Foundation aims tocreate of a digital currency which functions as a means of payment, in order to facilitate a stable global ecosystem. For more information, go to: saga.org
Business Wire IndiaBajaj Finance Ltd., the lending arm of Bajaj Finserv, has announced special financing option on air conditioners (ACs) and refrigerators this summer. Customer buying these products can avail up to 100% finance not only on these products but also on the cost of installation of ACs and stabilizer for refrigerator. All this with Bajaj Finserv EMI Network on no-cost EMIs.
The 100% finance offer is available on refrigerators split and window AC's of leading brands like Bluestar, Micromax, Carrier, Mitashi, Cruise Mitsubishi Electric, Daikin, Onida, ETA (O General), Panasonic, Godrej, Philips Electrolux (PE), Haier, Samsung, Hitachi, Vestar, IFB, Intex, Voltas, LG, Whirlpool and Lloyd. The customer planning to purchase an air conditioner or refrigerator can avail this special offer is available till April 15, 2018.
The offer can be availed at 13000+ partner retail stores like Vijay Sales, Bajaj Electronic, Khosla Electronics, Great Eastern Trading Co, Pai International, Vasanth & Co, Sargam Electronics, Sono Vision, CPR Distributors, Croma and Reliance Digital.
This special offer can be availed by both existing and new customers of Bajaj Finserv. New customers can connect with the Bajaj Finserv executive at the store to submit their documents & avail the finance option instantly. Existing holders of Bajaj Finserv EMI Network Card can transact using their card.
The Bajaj Finserv ‘No Cost EMI' option is a monthly installment-based payment scheme with no hidden costs and most importantly, easy payments.
Additionally, Bajaj Finserv customers can choose to foreclose their loan anytime without any extra charges and can also choose the tenor most suitable to them and repay the cost on their own terms. This way, customers don't have to worry about immediate payments or worry about exceeding their budget while shopping for their consumer durable requirements.
For more details on the ‘AC' campaign, visit: https://www.bajajfinserv.in/emi-network-ac-air-conditioners
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 on 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
MetLife announced the launch of the MetLife Career Agency Portal for the Asia region. The unique, mobile responsive and multi-lingual platform, developed and designed in Asia, provides access to a wide array of resources and capabilities to educate, enable and inspire existing and prospective agents through their career cycle. Intuitive and easy to navigate, visitors to the platform are able to find information based on their respective career stage along with advice and insights from some of MetLife’s top performing agents in Asia.
Bharat Kannan, Senior Vice President and Chief Distribution Officer, MetLife Asia said, “MetLife is investing heavily in growing its distribution advantage globally and agency forms a key part of this in Asia. Over the last two years we have taken significant steps to transform our distribution channels driving productivity and efficiency. The MetLife Career Agency Portal is among many steps we are taking to empower career agents.”
“By showcasing best practices and sharing their experiences via the platform, we believe agents will inspire their peers and new agents alike to service their customers better,” adds Kannan.
The MetLife Career Agency Portal is device agnostic allowing users to browse on their smartphone, tablet or desktop without having to download an app. Simply by visiting www.metlifeagency.com, the platform is available to any career agent (outside of MetLife too) to learn more about the profession.
Key features of the MetLife Career Agency Portal include:
Asia is home to MetLife’s largest agency business. MetLife has operations in 10 countries in Asia employing over 45,000 career insurance agents.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ("MetLife"), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in 44 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.