The Western Union Company (NYSE: WU), a leader in global payment services, and Viber, a leading mobile messaging app with 664M+ unique users worldwide, announced an agreement to offer a fast and simple way to send money to friends and family virtually anywhere in the world from the convenience of the Viber app.

Leveraging the recently released WU^® Connect^SM platform, the collaboration between Western Union and Viber will focus on three key areas:

• Send money around the world: In this first release, Viber users in the United States will be able to send up to US$499 for pickup at more than 500,000 Western Union^® Agent locations in 200+ countries and territories.
• A user experience for the messaging world: Western Union and Viber have created a money transfer experience that will start and complete within the messaging screen of Viber users.
• Integrated solutions: The solution leverages robust technology, foreign exchange conversion, data management, as well as regulatory, compliance and anti-money laundering infrastructure, to expedite efficient and timely money movement almost anywhere in the world.

“Through this alliance with Viber we continue our positive momentum to increase the number of ways to move funds into our global FinTech cross-border platform, expanding our digital omni-channel network,” said Hikmet Ersek, President and CEO, Western Union.

“Our users are already using Viber to stay in touch with friends and families worldwide, so the ability to send money to loved ones through the app is a natural next step,” said Michael Shmilov, Chief Operating Officer, Viber. “Viber’s alliance with Western Union is our first step into this direction and it gives our users a new way to quickly and conveniently send money to friends and family.”

Launched in 2015, the new, innovative API-based WU Connect platform enables third-party digital platforms to integrate with Western Union in order to provide a seamlessly integrated global money transfer experience to their users. Consumers are able to enjoy using their favorite social and messaging app while they send money directly from the app. They could also fund the money transfer utilizing debit card, credit card or bank account and easily direct the funds to any participating Western Union retail agent location around the world, a mobile wallet or a bank account where available.

“The WU Connect platform offers an opportunity to create more meaningful and engaging relationships for users of third-party digital platforms and is really a win-win for both Western Union and the companies we work with,” said David Thompson, EVP and CIO, Western Union. “We are excited to integrate the WU Connect platform into Viber’s messaging service and look forward to growing the capability moving forward.”

For more information about the WU Connect platform or integration opportunities, please email the WU Connect Business Development team at WUConnect@wu.com.

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of September 30, 2015, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to hundreds of millions of accounts. In 2014, The Western Union Company completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments. For more information, visit www.WesternUnion.com.

About Viber

Viber is a leading messaging, voice and video service that lets everyone in the world connect. Freely. Users can send free text messages, fun stickers, photos, videos and doodles, share locations, make free HD-quality calls and communicate with Push-To-Talk. With Viber Out, users can make low-cost calls to any phone number around the world. Viber is available for iPhone®, Android™ phones and tablets, Windows Phone, BlackBerry®, Blackberry® 10, Windows®, Windows 8®, Mac, Linux and Symbian devices, over 3G/4G or WiFi connections. With over 664 million unique users in 193 countries, Viber is constantly innovating by introducing new platforms and adding fun new features like Public Chats. Viber is a Rakuten Group company.

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The Egyptian government, represented by the Ministry of Supply and Internal Trade and the Ministry of Planning, this week signed a Memorandum of Understanding (MOU) with Visa Inc., to enable electronic payment of government subsidies to 22 million Egyptian families.

The MOU was signed by H.E. Dr. Khaled Hanafy, Minister of Supply and Internal Trade, H.E. Dr. Ashraf Al Arabi, Minister of Planning, Monitoring, and Administrative Reform, and Stephen Kehoe, senior vice president for Financial Inclusion, Visa Inc., at a ceremony held at the Ministry of Administrative Development. The signing of the MOU launches an ambitious period of work designed to provide Egypt with one of the most modern subsidy payments systems in the world.

H.E. Dr. Khaled Hanafy, Minister of Supply and Internal Trade said, “The MOU is an additional step towards the empowerment of Egyptian citizens and signifies that the government is keen to enhance the quality of services offered to them. Visa, the most experienced company in the field, is financing the study that aims at transforming the current subsidy scheme and providing Egyptians with a payment tool that would provide more services and benefits. This will result in greater financial inclusion which requires cooperation amongst all stakeholders.”

“We consider the study as a milestone in our greater plans for the development of Egypt by 2030. It reflects the government’s resolve to address the challenges and improve the lives of Egyptians by collaborating with companies like Visa. It is a testament that we are seeking international standards when it comes to the services offered to our citizens,” said H.E. Dr. Ashraf Al Arabi, Minister of Planning, Monitoring, and Administrative Reform.

“This MOU signing represents not only an important milestone in our ongoing cooperation with the Egyptian government, but is also a major step forward in our efforts to bring more Egyptians into the formal financial system, with all the associated benefits that brings,” said Stephen Kehoe, senior vice president, Visa Inc. “Our shared vision for enhancing the quality of services and employing the latest payment technologies makes this partnership a great opportunity for Egyptian families, the financial services industry, merchants and the government alike.”

As part of the MOU, the Egyptian government will first work with Visa on a study that reviews the current subsidy program, so that an informed action plan can be created to move the disbursement process to electronic payments. The study will also look into increasing electronic payment acceptance at subsidy-accepting merchants, especially bakeries, and capitalize on the widespread usage of mobile phones in the country.

Additionally, Visa will introduce payment innovations and share global best practices in risk management and anti-fraud applications.

The use of electronic payments will bring greater payment security and convenience to Egyptian families, while lowering costs and bringing increased transparency to the government subsidy program.

“Today, less than two percent of payments in Egypt are made electronically which is just one reason why this partnership can be so impactful,” said Tarek Elhousseiny, general manager for North and West Africa, Visa Inc. “The financial inclusion needs of Egypt have some similarities to those we have addressed in Latin America and other regions, which is why we are excited about the best practices we can bring to this partnership.”

Through this program, the Egyptian government hopes to improve the quality of services offered to its citizens, and adopt innovative payment technologies that will drive financial inclusion for more Egyptians. By providing fully functional digital payments accounts, the 22 million family beneficiaries, most of whom are unbanked, will gain easier access to other financial service offerings. The government also intends to include banks in the subsidy scheme given their growing role in financial inclusion.

About Visa Inc.: Visa Inc. (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.

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Visa Inc. (NYSE:V) announced the launch of Visa Developer, a milestone that transforms the world’s largest retail payments network to an open platform that will drive innovation in payments and commerce. For the first time in the company’s nearly 60 year history, software application developers will have open access to industry leading payments technology, products and services by Visa.

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Visa Developer homepage (Photo: Business Wire)

The new Visa Developer platform is designed to help financial institutions, merchants, and technology companies meet the demands of consumers and merchants, who increasingly rely on connected devices to shop, pay and get paid. At launch, the new platform will offer access to some of Visa’s most popular payment technologies and services including account holder identification, person-to-person payment capabilities, secure in-store and online payment services such as Visa Checkout, currency conversion and consumer transaction alerts. Visa plans to provide access to more of its payment capabilities over the next year.

“As the leader in payments we have an opportunity to transform global commerce by opening-up access to our global network and supporting our clients, industry partners and innovators in their pursuit of creating new, easier and more secure ways to pay,” said Charlie Scharf, chief executive officer, Visa Inc. “Visa Developer represents not only a new access point to our network, but a new distribution platform for Visa products and services globally.”

Over the past few months leading financial institutions, technology companies, and start-ups have participated in beta trials of the new Visa Developer platform and many have already created innovative prototype applications using Visa technology. Trial partners include Capital One, CIBC, Emirates NBD, National Australia Bank (NAB), RBC, TD Bank, Scotiabank, TSYS, U.S. Bank and VenueNext. According to a recent Accenture study, FinTech investments reached more than $12B globally in 2014.¹

The creation of the Visa Developer platform has been a multi-year initiative led by Visa’s global product and technology teams. The team is transforming Visa’s payment products and services into application programming interfaces (APIs), standard technology used by developers for building software and applications. Key attributes that differentiate Visa’s global developer program include:

• A globally accessible developer portal offering an easy way to search Visa’s extensive suite of payment products and services.
• An open platform that provides access to hundreds of Visa APIs and software development kits for some of Visa’s most popular payment products and capabilities.
• A testing sandbox that offers application developers a plug and play experience, as well as access to Visa test data.
• Visa Developer engagement centers that are designed to foster collaboration and co-creation with application developers in key markets like San Francisco, Dubai, Singapore, Miami and São Paulo.

“We are unbundling Visa’s full suite of products and services and giving developers open access to the underlying payment capabilities,” said Rajat Taneja, executive vice president of technology, Visa Inc. “We believe this will lead to the creation of entirely new commerce experiences with Visa technology integrated to enable greater security, scale and convenience when it comes time to pay. When you add the ability to distribute those new experiences across Visa’s global network, you can see why Visa Developer will become the preferred playground for developers everywhere.”

Visa’s vision for its global developer engagement program includes the creation of a marketplace that enables thousands of financial institutions, millions of merchants and technology companies to collaborate, share and search for innovative digital commerce applications and services.

To watch a live webcast of the Visa Developer launch event on Thursday, February 4, 2016, at 10am PT, please visit http://www.webcastregister.com/visa/event/.

Client and Partner Quotes:

Visa’s launch clients and partners around the world are sharing their views on what this important milestone means for them and their customers.

“Visa’s new Developer platform will help simplify the delivery of easy access payment solutions for our clients and we are excited about its potential to increase our speed to market in some areas,” says Alison James, vice president, Cards Technology, CIBC. “It’s encouraging to see partners like Visa continue to bring innovation to life and take another step forward in the advancement of integrated and adaptable payment technologies.”

“Australians are among the world’s fastest adopters of new technologies and our partnership with Visa enables NAB to act more quickly to deliver market-leading innovations and great experiences for our customers,” said Antony Cahill, NAB group executive, Product & Markets.

“For RBC, innovation is fundamental to how we’re providing relevant, secure and convenient solutions to our clients,” said Linda Mantia, executive vice president, Digital, Payments & Cards, RBC. “By working with our ecosystem partners like Visa, we can continue to provide easy to use, value-added services. As an example, we’ve already started working on solutions leveraging Visa’s newly released APIs to ultimately bring added convenience and flexibility to RBC mobile clients at a much faster pace than was possible in the past.”

“Scotiabank applauds the creation of the Visa Developer platform for its ability to accelerate innovation and the launch of new, customer-focused payments solutions,” said Brian McCabe, vice president, Day to Day Banking at Scotiabank. “The payments ecosystem is evolving rapidly, making the timely delivery of solutions-driven technology more critical than ever.”

“The Visa Developer program presents a tremendous opportunity to elevate the global payments and commerce space," said Ruby Walia, headý of mobile & online banking, TD Bank Group. "TD looks forward to leveraging this platform to create new ways to deliver exceptional digital experiences to our customers."

“TSYS has a long-standing business relationship with Visa, and we are thrilled to be one of the first payment solutions providers included in the Visa Developer program,” said Craig Ludwig, head of product for TSYS’ Merchant Services segment. “Their exciting new APIs allow us to deliver next-generation products and services that our issuing, acquiring and merchant clients can use to grow their businesses. By implementing Visa’s new technology, we will be at the forefront of payment product innovation.”

"Banks and collaborators in the FinTech industry that are committed to delivering customers faster, more efficient and secure financial services need to test, learn and deploy new ideas quickly in order to remain competitive," said Dominic Venturo, chief innovation officer at U.S. Bank. "Collaboration is key, and the developer portals and tools offered by Visa enable U.S. Bank to bring new ideas to reality for our customers more quickly and with less development investment than traditional approaches."

“At VenueNext we’re on a mission to transform venue experiences, and a big part of this is making payments seamless for both the guest and the venue operator,” said John Paul, CEO & founder, VenueNext. “Working together with Visa’s development team was a joy as we quickly and easily integrated Visa Checkout into our technology platform. We’re looking forward to doing more together in secure payments as the credit card disappears into the smartphone.”

“We congratulate Visa on the launch of the Developer platform and are proud to be a pioneer in using this advanced service by being the first bank globally to implement Visa’s Mobile Location Confirmation (MLC) service,” said Suvo Sarkar, senior executive vice president & group head, Retail Banking and Wealth Management, Emirates NBD. “Our partnership with Visa has enabled us to leverage best practices in enhancing the customer experience on payment cards and has contributed significantly to our market leadership in the UAE’s fast growing digital banking space. We were the first bank in the Central Europe, Middle East and Africa region to sign up to Visa Inc.’s new Digital Enablement Program (VDEP) and among the first in the region to sign up for the Visa Checkout service. We look forward to increased collaboration which will continue to define convenient new ways for our customers to bank.”

About Visa

Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.

¹ Source: Accenture, “The Future of FinTech and Banking: Digitally disrupted or reimagined?” report, based on CB Insights data.

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Digital Check Corp (www.digitalcheck.com), a worldwide leader in check scanning equipment, image software, and UV capture for the banking industry, will host its first seminar on remote deposit capture for bankers in India, February 8 in Mumbai. The half-day event covers basic to advanced topics for financial institutions looking to implement remote capture and mobile deposit systems in the country with the second-highest check usage behind the United States.

India began phasing out its paper-check exchange system in 2008, replacing it with the image-based Cheque Truncation System (CTS), which debuted in 2011. Public use of remote deposit capture is currently very limited, but many banks and regulators are exploring options for bringing it into the mainstream.

“More than a billion paper checks are deposited annually within India, and the cost savings from modernizing the country’s check exchange system has already been tremendous,” says Alex Trombetta, Digital Check’s vice president of international sales. “Introducing remote deposit capture is the next logical phase in this process, and we expect it to bring even more savings to Indian banks, as well as an eagerly anticipated convenience for their customers.”

Topics covered in the seminar include general remote deposit trends, business cases and best practices; capturing and processing ultraviolet security features on checks and payment documents; and hardware and software solutions for the Indian market. The event is followed by a question-and-answer session and high tea.

Digital Check has been hosting educational seminars about remote deposit capture around the globe since 2012. This year’s series includes events planned in Brazil, Peru, London, Dubai, Mumbai, and Manila.

For more information, or to learn more about Digital Check’s scanners and image software, visit www.digitalcheck.com.

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Murex, the leading provider of integrated trading, risk, and processing solutions, announced that it has been recognized as the Number One Overall Top Technology Vendor in the treasury and capital markets industry at the Risk Awards 2015 ceremony, hosted by Risk Magazine in London last week. This is the third consecutive year that Murex has won this recognition. This victory is further acknowledgment of the company’s achievements, which have also been highlighted by the Asia Risk Technology Rankings 2015.

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Alongside its competitors, Murex’s unique MX.3 solution was evaluated across various categories, including front-to-back-office systems, analytics, risk management and other areas such as global limits management and support services.

“Risk-based regulations are increasing the cost and complexity of technology for most financial institutions” commented Peyman Mestchian, Managing Partner at Chartis Research, “In the meantime there is increasing pressure on profitability and resource availability. This is driving demand for more unified solutions, such as Murex, providing end-to-end support across the value chain, cross asset classes and cross business lines.”

This year’s Technology Rankings indicate a strong backing from the market for Murex's role as a transformation enabler of capital markets and treasury management practices. The company comes first in overall categories for trading systems - front-to-back, derivatives pricing and risk analytics. In individual categories, including limit management, enterprise-wide liquidity management, GPU and implementation efficiency, Murex has cemented its number one position.

Maroun Eddé, CEO of Murex, comments: “To see our industry expertise and our client-centric approach rewarded through a repeated expression of trust and confidence is very gratifying. The scope of recognition reflects the distinctive value-added our clients gain in partnering with us - the depth and breadth of our platform offering and our unique service model.”

Driven by the heightened scrutiny and new regulatory requirements of the post-crisis financial environment, Murex has consistently strengthened its offering, with a strong investment focus on enterprise collateral and risk management solutions. Financial institutions rely on the unique integration of trading and risk provided by the MX.3 platform to address demands for the optimization of capital and balance sheet resources. In an industry concerned with increasing cost and capital constraints, Murex’s flexible technology infrastructure allows users to swiftly adapt to the evolving regulatory framework and address the latest Basel 3 requirements (FRTB, SA-CCR).

Eddé concludes: “Innovation is at the core of our strategy, a strategy that has made Murex the leading vendor of treasury and capital market solutions over the past 30 years. Our support and delivery make us the partner of choice for simplified transformative projects.”

Murex’s innovation roadmap has a complete set of packaging and methodology offerings that allow clients to continuously leverage the platform’s evolution at a lower total cost of ownership.

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About Murex

Since its creation in 1986, Murex has played a key role in proposing effective technology as a catalyst for growth and innovation in capital markets, through the design and implementation of integrated trading, portfolio management, risk management, processing and post-trade platforms.

Driven by innovation, Murex’s MX.3 Front-to-Back-to-Risk platform leverages the firm’s collective experience and expertise, accumulated through its strategic client partnerships, to offer an unrivalled asset class coverage and best-of-breed business solutions at every step of the financial trade lifecycle.

Clients worldwide benefit from the MX.3 platform’s modular set of business solutions, specifically designed to solve the multi-faceted challenges of a transforming financial industry, while relying on the strength of 2,000 dedicated specialists.

To stay up-to-date with Murex Announcements, follow us on Linked In and Twitter @Murex_Group.

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More than 2,000 Wells Fargo Enterprise Global Services (EGS) - India team members across three major cities participated in the company’s fourth annual 10K Walk/Run/Ride event. Held February 6, this event promotes walking, running, and cycling to work as greener and healthier commute options.

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More than 2,000 Wells Fargo Enterprise Global Services (EGS) - India team members across three major cities participated in the company's fourth annual 10K Walk/Run/Ride event. (Photo: Business Wire)

As part of Wells Fargo’s efforts to raise awareness of the impact of everyday actions on the environment, the Walk/Run/Ride event illustrates how to reduce our carbon footprint and contribute to a healthier environment. It also helps team members achieve added health and wellness benefits by encouraging them to stay active.

"Wells Fargo is committed to helping build a better environment. We endeavor to make a difference at work and in our communities by creating awareness of our environmental impact,” said Aveek Mukherjee, managing director, Wells Fargo EGS - India. “The ‘Walk/Run/Ride 10K’ is a great example of our environmental commitment, and we encourage our team members to participate in these events.”

Wells Fargo EGS - India has an active ‘Runners and Riders’ network of more than 1,200 team members who regularly take part in events across the country. To further promote cycling to work, EGS - India facilities in Hyderabad and Bengaluru also have exclusive parking zones for cycles.

Speaking at the event, Vishnupriya Saksena, head of Corporate Sustainability for Wells Fargo EGS - India, said, “We are committed to finding new ways to minimize energy consumption, use renewable sources of energy, and inspire others to do the same. Our volunteers consistently work to educate team members about greener living through various initiatives, look for opportunities to enhance current processes in order to make them greener, and also participate in external events which help the environment.”

With Wells Fargo’s focus on environmental stewardship, the 10K Walk/Run/Ride is just one of the many examples of its commitment to the cause of healthy and green living. Driven by the credo of ‘reduce, reuse and recycle,’ the Wells Fargo centres and facilities are sustainable sites with high-performing features and strict energy and resource management. The Wells Fargo Centres in Hyderabad and Bengaluru are LEED-certified, having received Gold and Platinum rankings respectively.

About Wells Fargo Enterprise Global Services (EGS) - India

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

About Wells Fargo

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

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• Teams from St Paul’s English School, Bangalore and Tagore Public School and Ryan International School, Jaipur clinch the title ‘Junior Finance Guru’ in the categories Bright Sparks (class VI and VII) & Master Minds (class VIII, IX and X)
• Each member of the winning team was awarded a prize money of Rs.20,000 along with the Junior Finance Guru Trophy
• A total of 3419 students registered for Exide Life Insurance Junior Finance Guru Program conducted in Bengaluru and Jaipur. These students went through a screening process and finally 140 made it to the City Finals
• Out of the 140 who battled it out in both cities, 6 students will go on to compete in the National finals later in 2016

R Vishnu Kumar, Director – Customer Services with the winners; Akshit Soni from Tagore public school and Yash Vardhan Singh from Ryan International School.

• The only company to win The Excellence award
• 175 top rung companies participated across 13 categories

• Axis Bank’s first association with an online education provider
• Employees will get access to certification training courses from leading universities on the Coursera platform
• To help nurture leadership capabilities and enhance aptitude for skills sets that are high in demand    

• Up to INR130 million available as grants for innovative programs that create economic opportunities for low-income young people
• Program is part of Pathways to Progress, the Citi Foundation’s approach to prepare young people with career readiness tools and opportunities

• Prepare young people for and connect them to economic opportunities, including but not limited to:
  • Entrepreneurship training
  • Employment access
  • Leadership, financial and workplace skill development
• Focus on urban low-income youth
• Use technology and innovative approaches to expand delivery and lower the costs of serving more low income young people
• Focus on sustainable, scalable models with measurable impact
• Engage stakeholders to promote the adoption of new national approaches

The Rohatyn Group (“TRG”), a leading emerging markets asset management firm, today announced that Christopher Seaver has joined the firm as a Partner. Mr. Seaver is a 24-year veteran in the asset management industry with extensive experience in Asia-Pacific markets. Based in TRG’s Hong Kong office, Mr. Seaver will be responsible for oversight of the firm’s regional initiatives in Asia including new business development and management of existing and new strategic partnerships. He will also serve on TRG’s Executive Committee.

Nicolas Rohatyn, Chief Executive Officer and Chief Investment Officer of TRG, said, “The addition of Chris to our leadership team reflects TRG’s continued enthusiasm for the dynamism of Asia’s diverse economies and markets. The depth and breadth of his experience will undoubtedly add tremendous value to our existing activities in Asia and enhance our ability to take advantage of new opportunities across the region.”

Prior to joining TRG, Mr. Seaver was CEO of CLSA Capital Partners Ltd. (“CLSACP”), the alternative asset management arm of Asia-based brokerage and investment bank CLSA Limited. CLSACP manages approximately $3bn in a diversified range of strategies across Asia. Mr. Seaver also served briefly as Managing Director for China at Darby Overseas Investors Ltd. in Hong Kong. Between 1992 and 2007, he held various roles at J.P. Morgan Chase & Co. in New York, Hong Kong and Tokyo. Mr. Seaver was a member of the J.P. Morgan senior management team executing proprietary and strategic initiatives for the company in Asia between 2000 and 2008. Mr. Seaver holds a law degree from the University of Virginia, where he graduated Magna Cum Laude.

About TRG

Founded in 2002, The Rohatyn Group is a leading emerging markets asset management firm headquartered in New York, with offices around the globe including, Singapore, Hong Kong, London, Buenos Aires, Lima, Montevideo, Mexico City, São Paulo, Mumbai and New Delhi. For more information, please visit www.rohatyngroup.com

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Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, is pleased to offer merchants in China the ability to accept China UnionPay payments made with Apple Pay™, which is transforming mobile payments with an easy, secure and private way to pay.

Global Payments is fully enabled for Apple Pay acceptance, allowing merchants to offer their customers the convenience of paying quickly and easily with Apple Pay in-store.

“Global Payments is pleased to offer merchants the ability to accept Apple Pay in the important China market,” said Frank T. Young, SVP, Global Product and Innovation. “Our continued commitment to leading payments technology across the globe allows us to be at the forefront in delivering this innovative payments solution to merchants in the markets that we serve.”

Security and privacy are at the core of Apple Pay. The solution is designed to leverage Touch ID authentication, as well as a unique Device Account Number that is assigned, encrypted and securely stored in the Secure Element of the Apple device, ensuring actual card numbers are not stored on the device or on Apple servers. Further, each transaction is authorized with a one-time unique dynamic security code.

Apple Pay is easy to set up and users will continue to receive all of their card rewards and benefits. In stores, Apple Pay works with Apple Watch and iPhone 6, iPhone 6 Plus, iPhone 6s and iPhone 6s Plus. When paying for goods and services within apps, Apple Pay is compatible with iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus, iPad Air 2, iPad mini 3, iPad mini 4 and iPad Pro.

For more information on Apple Pay, visit: http://www.apple.com/cn/apple-pay.

About Global Payments

Global Payments Inc. (NYSE: GPN) is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. Our technologies, partnerships and employee expertise enable us to provide a broad range of products and services that allow our customers to accept all payment types across a variety of distribution channels in many markets around the world.

Headquartered in Atlanta, Georgia with approximately 4,500 employees worldwide, Global Payments is a Fortune 1000 Company with merchants and partners in 29 countries throughout North America, Europe, the Asia-Pacific region and Brazil. For more information about Global Payments, our Service. Driven. Commerce brand and our technologies, please visit www.globalpaymentsinc.com.

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Oberthur Technologies (OT), a leading global provider of embedded security software products, services and solutions announced that they equip the latest Samsung Galaxy A5, A7 and A9 with OT’s embedded Secure Element (eSE), PEARL by OT®.

With PEARL by OT®, OT has developed and industrialized the most advanced multi-application eSE, offering the highest level of security and the largest memory on the market.PEARL by OT® has been designed to facilitate the deployment of numerous mobile contactless payment, transit, governmental and other services while enhancing their security level.

PEARL by OT® will enable Financial Institutions and other service providers to offer secure and convenient mobile contactless payment means and various other NFC services to Galaxy A5, A7 and A9 owners.

“We are delighted to have been selected by Samsung and to support them, once again, with our eSE,” said Marek Juda, Managing Director of OT’s Connected Device Makers business. “Samsung’s decision to embed PEARL by OT® into their Galaxy A5, A7 and A9 is the recognition of OT’s continual commitment to support Samsung, notably in the deployment of innovative payment services.”

ABOUT OBERTHUR TECHNOLOGIES

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

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

OT employs over 6 300 employees worldwide, including almost 700 R&D people. With a global footprint of 4 regional secure manufacturing hubs and 39 secure service centers, OT’s international network serves clients in 140 countries. For more information: www.oberthur.com

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• contactless security chips for smart cards issued in billions of pieces by banks and financial institutions worldwide
• NFC SIMs using Infineon’s SWP (Single Wire Protocol) product family deployed by mobile network providers for mobile devices
• embedded Secure Elements that are deployed in embedded security solutions by market leaders such as Samsung and Lenovo.
• Boosted NFC Secure Elements which, compared to conventional NFC controller solutions, require 80 per cent less printed circuit board footprint and half the stand-by power – both are crucial for smart wearable devices.

Wondering who to consult when it comes to investment decisions? Don’t know if the services of a personal financial advisor will fit in your budget? Brace yourself for Wealthy.in, a high-quality wealth management advisory that has cracked the algorithm to identify investment options that are tailor-made to address individual needs. At https://www.wealthy.in, a visitor can cut out tedious paper-work to open an investment account and not have to pay an exorbitant transaction and maintenance fee that banks charge for investment accounts for Demat accounts. Wealthy.in’s service is transparent, unbiased and personalised and allows for an investment account to be opened in 3 minutes flat!
 
Wealthy’s first offering helps users complete tax-saving investments, under the section 80C, for the year. The company’s unique product offering includes a basket of three tax-saving mutual funds that have been carefully handpicked by the core team after putting them through a complex algorithm. Wealthy.in also provides a smart calculator for accessing the current gap in 80C investments and the option to pay in full or as-you-go with a minimum of Rs. 2,000. In fact, enrolling for this investment option will be truly hassle-free because Wealthy.in is India’s first financial services company to offer paperless and instant-KYC.

Talking about the platform, Aditya Agarwal, Founder, Wealthy.in said, “We launched in the first-week of February and so-far the feedback from our users has been very encouraging. Our users, ranging from 1991-born first-time investor to a 1944-born seasoned investor, have appreciated the simplicity of entire experience. We have seen good traction from employees of startups like InMobi, Chaayos, Vedantu, Zopper, Exotel etc. who used Wealthy.in to complete their tax-saving investments for the year. The most satisfying part has been the experience of first-time investors who used our instant-KYC tool to complete their investment from the comfort of their home.”

An easy-to-use, tech-driven solution is the firm’s top priority. The company’s vision is to serve even the smallest investor who might want to begin with an investment amount of just Rs. 500. “To this end, we are building a paperless and branch-less organisation. We have already reduced the industry average of Rs. 2,000 per KYC to nearly zero,” added Aditya Agarwal, Founder, Wealthy.in.

The core team at the company is 10-member strong with a strong finance, technology and business background. With a right mix of experienced veterans and start-up specialists, everyone from this close-knit group brings sound theoretical and on-ground learnings through their association with industry bigwigs.

The company plans to expand its product offering and include more solutions. It is currently building its advisory algorithm for more complex solutions such as retirement that will be live in the month of April. It’s also giving the platform the winning touches by improving the end-user experience. To identify the response and improvise, the interface is developed to record every action of the user so the company knows exactly where the customer gets stuck. This helps them fix the bug even before someone brings it to the team’s notice. 

Altnix announced today that it has successfully implemented an IT Infrastructure Monitoring solution based on Nagios products for Axis Bank. With this solution, Axis Bank has been able to save millions of dollars in total cost of ownership compared to traditional enterprise-class proprietary IT monitoring products.

Banks, Financial Services and Insurance sector companies have very strong dependencies on IT infrastructure in delivering services such as core banking, online banking, mobile banking, and securities trading services. Failures and downtimes on IT infrastructure lead to direct business loss for these companies. A proactive monitoring solution that predicts such failures before they occur is critical in operational efficiencies.

“In this age of internet of things bottlenecks in IT infrastructure has a direct impact on the bottom line of a BFSI organization”, said Razak Mohammad Ali, Director, at Altnix. “Without an effective monitoring tool, BFSI companies don’t have insight into the cause of such bottlenecks. Further, without such insight, the CTO of such companies would not be able to design effective remediation strategies.”

The Monitoring solution from Altnix covered the entire range of IT infrastructure including Servers, Applications, Network Devices, Storage Devices, Data Centre Infrastructure, and Branch Office Link monitoring.

Nagios based open source monitoring solution from Altnix provided a lower cost alternative to other expensive tools such as HP Site Scope, HP Network Node Manager, IBM Tivoli, Solarwinds and Manage Engine.

About Axis Bank
 

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a more than 2500 domestic branches and 12,000 ATMs spread across India. Axis Bank has over eight International offices with branches at Singapore, Hong Kong, Dubai, Colombo and Shanghai. Visit www.axisbank.com for more details.

About Altnix
 

Altnix is a brand initiative from Altech Technologies Pvt Ltd. Altech is an IT Infrastructure Managed Services company. Altech specializes in open source solution for IT infrastructure monitoring and IT service management needs to large enterprises. Altnix is headquartered in Mumbai and has offices in US, Middle East and India. Visit www.altnix.com for more details.