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    Business Wire India

    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® ConnectSM 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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    Business Wire India

    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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    Business Wire India

    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.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160204006175/en/

     
    Visa Developer homepage (Photo: Business Wire)

    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.

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20160204006175/en/

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    Business Wire India

    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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    Business Wire India

    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.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160205005495/en/

     

    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.

     

     

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20160205005495/en/

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    Business Wire India

    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.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160205005936/en/

     
    More than 2,000 Wells Fargo Enterprise Global Services (EGS) - India team members across three major ...

    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.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20160205005936/en/

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    Business Wire India

    • 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

    The city level editions of Exide Life Insurance Junior Finance Guru in Bengaluru and Jaipur culminated today. Shrikara A & Taysir Hussain in Bright Spark category; and Ajethesh Kumar & Ayush Kapasi in Master Mind category from St Paul’s English School were honored with the title ‘Junior Finance Guru’ in Bengaluru. Akshit Soni from Tagore public school and Yash Vardhan Singh from Ryan International School bagged the awards in Jaipur. Each member of the winning team was awarded along with the Junior Finance Guru Trophy, prize money of Rs 20,000.

                                        
    Junior Finance Guru is a one-of-its kind program for school going children by Exide Life Insurance Company Limited, an established Life Insurance Company in India. It is in line with the Company’s brand mission of helping Indians prepare financially for their long and happy lives. The program is targeted at school children in the age group of 11-15 years and emphasizes the importance of laying a strong foundation for children by familiarizing them on importance of good saving habits, thereby helping them make an early start.
     
    The program, initially launched in Jaipur and Bengaluru, received an overwhelming response with 3419 students registering for the program. These students were then screened and finally 140 made it to the City Finals. The participants were divided into two categories Bright Sparks (CLASS VI & VII) and Master Minds (CLASS VIII, IX & X). The participants were given 15 days to prepare using the course content and underwent a school level screening in the last week of January.

                                        
    Speaking on the launch of Junior Finance Guru, Mohit Goel, Director – Marketing, Exide Life Insurance said, “I congratulate all the City Level Junior Finance Gurus and look forward to seeing them compete at the National Level later this year. We hope they have been able to takeaway important lessons on Money and Savings through this program. Given the overwhelming response received from both schools as well as parents, we now plan to make this as a regular feature every year offering continued learning in the space of Money and Finance.”
     
    About Exide Life Insurance Company Limited
     
    Exide Life Insurance Company Limited commenced operations in 2001 and is head quartered in Bangalore. The company is profitable and serves over 10 lakh customers across India and manages over INR 8,800 crores in assets. The company is 100% owned by Exide Industries Limited and is proud to be part of a 100 year old brand heritage in India. (*As on 31st March 2015)
     
    Exide Life Insurance distributes its products through multi-channels viz. Agency, Banc assurance, Alliances and Direct Channels. The Agency channel comprises of over 35,000 advisors who are attached to over 200 company offices and customer care centers across the country. The Alliances business includes distribution relationships with banks, Corporate Agents, Brokers & Referral Partners.
     
    Exide Life Insurance, one of the leading life insurance companies in South India, is now growing its franchise in East and other parts of the country. The company is focused on providing long term protection and savings solutions and has a strong traditional product portfolio with a consistent bonus track record. Exide Life Insurance has the ISO 9001:2008 quality certification for all Customer Service processes.
     
    About Exide Industries Limited
     
    Exide is India’s largest manufacturer of electric storage batteries and its biggest power-storage solutions provider with a market capitalization of over INR 15,000 crores*. Since its introduction in India more than a hundred years ago, Exide remains the foremost and the most trusted battery brand in India. The century old brand equity is backed by a robust nation-wide network of 18000-plus dealers. (*As on 31st March 2015)
     
    With 7 world-class battery manufacturing factories across India, the range of products offered by the company covers everything from the smallest batteries required in motorcycles to the giant batteries powering submarines. After all, India moves on Exide.

    Photo Caption:
    Shrikara A & Taysir Hussain in Bright Spark category; and Ajethesh Kumar & Ayush Kapasi in Master Mind category from St Paul’s English School were honored with the title ‘Junior Finance Guru’.
    R Vishnu Kumar, Director – Customer Services with the winners; Akshit Soni from Tagore public school and Yash Vardhan Singh from Ryan International School.

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    Business Wire IndiaThere is a common perception that individuals with issues in their credit scores or history have little or no option to correct and improve their credit health, leaving them susceptible to loan rejections and higher borrowing costs. This perception though widespread, is not true - individuals can repair their damaged credit history and improve their credit scores by implementing specific corrective measures. This process of repairing damaged credit history is called credit improvement, and this is exactly what CreditMantri, a digital credit marketplace is addressing with this launch.
     
    Currently, on the CreditMantri website (www.creditmantri.com), consumers start by understanding the status of their Credit Health and create their Credit Profile. The starting point of credit profiling is accessing the Credit History and Score from the bureau – CreditMantri obtains the same free of cost from Equifax besides supporting CIBIL’s credit report format. Once the Credit Profile is generated, the user is guided towards the solution which best matches the user’s stated Credit Goal and Credit Profile – be it Credit Improvement or best offers from lenders.
     
    With today’s launch, consumers have the ability to take action online to resolve issues on the problem accounts which the credit profiling highlights. They can take action across a wide variety of root causes – for e.g. raise a dispute with the concerned bureau or lender, remove accounts wrongly mapped to their credit report or pay off loans that are overdue or not closed. CreditMantri connects the users directly with their lenders and handholds them through the process. In addition, CreditMantri is working closely with select lenders to help consumers with a low credit score get access to fresh credit.
     
    Ranjit Punja, the CEO of CreditMantri (www.creditmantri.com) commented, "The launch of this credit issue resolution module for credit improvement is a logical way forward in our attempt to help consumers take charge of their Credit Health.  The DIY platform is one of the many steps we are taking in our journey towards becoming India's largest and most inclusive credit facilitator. Through our intensive customer- focused proposition of educating and handholding the customer, we aim to help consumers make credit choices and enable wider credit dispensation."
     
    About CreditMantri – www.creditmantri.com
     
    Based out of Chennai, CreditMantri is a digital Credit Marketplace offering Credit management services to lenders and borrowers. CreditMantri was created to help consumers take charge of their credit health and to help them make better borrowing decisions. CreditMantri‘s services leverage the power of technology, data and the digital medium to transform the way credit is delivered in India. CreditMantri‘s mission is to enable efficient credit decision making for consumers and lenders. CreditMantri works with over 17 lenders and makes available close to 50 credit products and services. 

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    Business Wire IndiaHDFC ERGO General Insurance, one of India’s key private insurance company has been conferred the Gold Shield award by Institute of Chartered Accountant of India (ICAI). The award recognizes the highest standards adhered by HDFC ERGO General Insurance in their Financial Reporting for the year 2014-15.

    HDFC ERGO was the only company amongst 175 participants to be awarded the Gold Shield for the year 2014-15. Mr. Samir Shah, Member of Executive Management & CFO received the award on behalf of the company from the jury head and chief guest Shri. M. Damodaran, Former Chairman of Securities and Exchange Board of India (SEBI) in a glittering ceremony held on February 06, 2016 at Kolkata.

    Mr. Ritesh Kumar, Managing Director & Chief Executive Officer, HDFC ERGO General Insurance said, “Following the best practices of corporate governance is central to the functioning of HDFC Group of companies – it is part of the HDFC Group’s DNA. Given the complex nature of insurance business, Financial Reporting for insurance companies requires extra effort to make it meaningful for multiple stakeholders who rely on the quality of information contained in the Annual Reports. A Gold Shield from ICAI for being the best in the insurance sector is both a matter of pride and responsibility for HDFC ERGO.”

    The ICAI Awards for Excellence in Financial Reporting are presented to corporates operating in India since 1958, with the objective to recognize and encourage excellence in preparation and presentation of financial information. The ICAI Awards for Excellence in Financial Reporting are held across 13 categories. On the basis of the degree of compliance with accounting standards, statutory guidelines and other relevant pronouncements in each category, a Gold Shield, a Silver Shield and a Plaque is awarded for the best, the second best and commendable entries, respectively. A robust evaluation process is followed in which the awardees are selected by an external jury on a review of accounting practices adopted by the participants in the preparation of financial statements and policies adopted for disclosure.

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    Business Wire India 

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

    HDFC ERGO General Insurance, one of India’s key private insurance company has been conferred the Gold Shield award by Institute of Chartered Accountant of India (ICAI).  The award recognizes the highest standards adhered by HDFC ERGO General Insurance in their Financial Reporting for the year 2014-15. HDFC ERGO was the only company amongst 175 participants to be awarded the Gold Shield for the year 2014-15.  The panel of judges was headed by Shri. M. Damodaran, Former Chairman of Securities and Exchange Board of India (SEBI).  Mr. Samir Shah, Member of Executive Management & CFO received the award on behalf of the company in a glittering ceremony held on February 06, 2016 at Kolkata.

    Mr. Ritesh Kumar, Managing Director & Chief Executive Officer, HDFC ERGO General Insurance said, “Following the best practices of corporate governance is central to the functioning of HDFC Group of companies – it is part of the HDFC Group’s DNA. Given the complex nature of insurance business, Financial Reporting for insurance companies requires extra effort to make it meaningful for multiple stakeholders who rely on quality of information contained in the Annual Reports. A Gold Shield from ICAI for being the best in the insurance sector is both a matter of pride and responsibility for HDFC ERGO.”

    The ICAI Awards for Excellence in Financial Reporting are presented to corporates operating in India since 1958, with the objective to recognize and encourage excellence in preparation and presentation of financial information. The ICAI Awards for Excellence in Financial Reporting are held across 13 categories. On the basis of degree of compliance with accounting standards, statutory guidelines and other relevant pronouncements in each category, a Gold Shield, a Silver Shield and a Plaque is awarded for the best, the second best and commendable entries, respectively. A robust evaluation process is followed in which the awardees are selected by an external jury on review of accounting practices adopted by the participants in the preparation of financial statements and polices adopted for disclosure. 
     

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    Business Wire India 

    • 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    

    Axis Bank, India’s third largest private sector bank, today signed an agreement with Coursera, the world’s largest open online education provider, to nurture and up skill its human capital through online certification courses from top Universities globally.

     
    Banking sector in India is witnessing a major evolution with technology and innovation rapidly altering the existing landscape. To keep up with the pace of this evolution, it is imperative to equip employees with specialized skill sets. Axis Bank is taking talent management to the next level by offering its employees access to a world-class online certification programme.
     
    Coursera will design tailor-made curriculums relevant for the Bank’s employees, in sync with industry demand, covering topics like leadership, data analytics, innovative thinking, etc., chosen from among 1700 courses offered by top universities across the world.
     
    Speaking on the partnership, Mr. Rajesh Kumar Dahiya, Group Executive, Axis Bank, said, “As one of the leading employers in India, we are focused on bringing innovation to our employee development processes. We believe Coursera would be a great vehicle for delivering world-class training for relevant skills. By offering our employees learning opportunities with the world’s top universities, we hope to not only increase the value they gain as individuals but also the value they bring to the organization and the economy as a whole.”
     
    Mr. Nikhil Sinha, Senior Advisor, Coursera, further added, “This unique and highly scalable program will give Axis Bank employees access to industry relevant, flexible online courses and certification from top universities around the world. Axis Bank is the first Indian company to use Coursera courses in this way, and we will be working with a select number of other companies in India to develop and attract the country’s top talent.”
     
    About Axis Bank:
     
    Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
     
    With its 2,805 domestic branches (including extension counters) and 12,631ATMs across the country, as on 31st December 2015, the network of Axis Bank spreads across 1,796 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has nine overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK.
     
    The Bank’s website www.axisbank.com offers comprehensive details about its products and services.
     
    About Coursera
     
    Coursera is the world’s largest open online education company, with over 17 million registered learners. Coursera partners with 138 of the world’s best universities and educational institutions to offer over 1700 courses and Specializations. Anyone, anywhere can access learning opportunities relevant to them in dozens of topics including business, technology, social sciences, health, and art. Coursera empowers learners around the world to achieve their career, educational, and personal enrichment goals throughout their lives.
     
    For more information, visit www.coursera.org

    Photo Caption: Mr. Rajesh Dahiya, Group Executive, Axis Bank & Mr. Nikhil Sinha, Senior Advisor, Coursera

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    Business Wire India 

    • 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
      
    The Citi Foundation’s third edition of its India Innovation Grant Program (IIGP) this year aims to identify leading programs that will help young people, aged between 16-25 years old, build an   entrepreneurial mindset, acquire leadership, financial and workplace skills, and begin to engage in the formal economy through a first job.

    Through
    the 2016 IIGP, up to INR 130 million will be available in grant funding to NGOs working in the area of youth economic opportunities across India.

    Who can apply?
     
    Invites proposals from registered NGOs with a minimum three year track record
     
    • Registered not-for-profit entities, such as a Society, Trust, Section 25/8 Company
    • Registered with the Ministry of Home Affairs under the FCRA regulation
    • Set up for at least three years and have a consistent track record over three financial years in India
     
    How to apply
     
    • Applicants must email their initial proposal by March 25, 2016 to corporatecitizenship@citi.com
    • Shortlisted applicants will be notified and requested to submit full proposals


    The 2016 IIGP is part of Pathways to Progress, Citi Foundation’s global initiative to prepare young people with the career readiness tools and opportunities needed to thrive in today’s economy.

    Pathways to Progress is comprised of programs, research, and partnerships that help youth build an entrepreneurial mindset, acquire leadership, financial and workplace skills, and begin to engage in the formal economy through a first job.
     
    The Citi Foundation’s India Innovation Grant Program, a first-of-its- kind initiative in India, was launched in 2014 to encourage non- governmental organizations (NGOs) to develop innovative and sustainable financial education and inclusion models. The program is supportive of India’s national agenda to spur financial inclusion by instilling the habit of savings amongst low income populations.
     
    Now in its third year, this year’s program will expand to focus on yet another national agenda, which is the skilling of youth across the country, to prepare them for and connect them with economic opportunities, which in turn, will propel economic progress and inclusion in India.
     
    Citi India Chief Executive Officer Pramit Jhaveri said, “Citi India is extremely proud of the impact and reach of the India Innovation Grant Program through its earlier editions. This year, in alignment with the Government of India's ‘Skill India’ initiative, which aims to train 400 million youth by 2022, the India Innovation Grant Program seeks to address the creation of economic opportunities for youth in the country.
     
    “With more than 50% of our population under the age of 25 years, attempting to skill and train India’s youth is a massive opportunity. The need is for programs that are innovative in approach, yet scalable in impact, so that they will act to augment the efforts of the government,’ said Mr Jhaveri.
     
    The Citi Foundation’s 2016 IIGP will award grants to NGOs in India that employ innovative approaches to create sustainable and long term opportunities for livelihoods for young people in low income communities across the country.
     
    Of particular interest are programs that:
    • 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
     
    In its previous edition, the 2015 India Innovation Grant Program invested INR 130 million (USD2 million) in eight innovative and sustainable financial education and capability programs aimed to benefit more than 300,000 individuals in the country through non-profit organizations including American India Foundation Trust, Grameen Foundation, Kalighat Society for Development Facilitation, MelJol, Navya Disha, Swadhaar FinAccess, Anudip Foundation for Social Welfare and Pratham Education Foundation.
     
    In India, the Citi Foundation’s overall grant program is focused on addressing the socio-economic challenges with innovative and strategic grants, which will help enhance and facilitate financial inclusion, promote responsible financial behavior via increased financial literacy and create new income-generating opportunities in low income communities. Since 1999, the Citi Foundation has supported more than 35 non-profit organizations, benefiting an estimated 2.5 million individuals across India.
     
    About Citi:
     
    Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
     
    Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:  http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
     
    About Citi India:
     
    Citi India offers consumers including Non Resident Indians, corporates and financial institutions, a comprehensive range of financial products and services. These include retail banking, mortgage finance, credit cards, personal loans, corporate and investment banking, foreign exchange, securities brokerage, transaction services and wealth management. Citi India operates 45 retail branches in 28 cities and serves customers ranging from India's top corporate houses, multinationals operating in India, SME's, self-employed entrepreneurs, households and individuals. Citi India has leading market shares in a number of areas in India's banking industry, including credit cards, distribution of mutual funds, e-commerce banking, investment banking and foreign exchange. In addition, Citi India through its network of Citi Service Centres has been a leading offshoring unit for Citigroup globally, providing employment opportunities in the areas of technology, processing, analytics and financial processes.
     
    Citi India is also committed to enabling socio-economic progress in the communities where we live and work. Since 1999, Citi Foundation through its partnerships, has helped further the financial inclusion agenda through education, and has created livelihood opportunities for youth and marginalized families in India. In addition, Citi has been committed to preserving India’s heritage through its programs focused on art and culture. These efforts, over the past 16 years, have benefited more than 2.5 million people across the country. Citi India continues to promote an inclusive and responsible society through its various CSR initiatives.
     
    Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia
     
    About Citi Foundation:
     
    The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation’s “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation. For more information, visit www.citifoundation.com 

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    Business Wire India

    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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    Business Wire India

    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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    Business Wire India

    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

     

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

     

    www.oberthur.com/themworld

     

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    Business Wire IndiaBuilding on consumers’ trust is essential for payment solutions with smart and mobile devices. As one of the world’s largest suppliers of security chips, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) brings its expertise to advance secured transactions on mobile devices and in the Internet of Things (IoT). Infineon’s certified security chip solutions excel with reliable and fast contactless data transmission that will further increase consumers’ acceptance of secured mobile payment. At Mobile World Congress in Barcelona, Infineon will exhibit security solutions in various form factors meeting the needs of mobile payment ecosystems.
     
    “The success of mobile payment services depends on consumers’ confidence. Mobile payment solutions must therefore be as secure and as proven as card-based payment transactions,” says Thomas Rosteck, Vice President and General Manager of Infineon’s Secure Mobile & Transaction business. “Our products bring bank-level security to smart and mobile devices and help to make mobile payment as easy-to-use and convenient as possible.”
     
    Increased connectivity drives demand for mobile payment

    Demand for mobile payment is growing rapidly with smartphones, tablets, smart wearables, vehicles or appliances being increasingly connected to the internet. Research company eMarketer forecasts that the total value of mobile payment transactions in the US alone will triple within one year to 27 billion US-dollars in 2016. And with billions of devices to be connected in the IoT, online payment opportunities requiring authentication-based remote payment systems is expected to skyrocket.
     
    Broadest portfolio of certified security solutions

    The mobile payment ecosystem demands solutions that combine convenience with bank-level security on connected devices. Infineon’s security chips are already featured in 40 per cent of the world’s smart cards.
     
    Infineon provides the industry’s broadest portfolio of financial security chips and solutions that perform as crypto-engine and secured storage of sensitive data such as keys, certificates or biometric information for electronic payment transactions. The products lead in terms of contactless infrastructure interoperability and are certified according to globally recognized security standards such as Common Criteria and EMVCo (Europay International, MasterCard, VISA).
     
    For secured proximity payment, Infineon provides chips and solutions that bring reliability, security and convenience to e.g. NFC payments. Among these are:
     

    • 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.
     
    Remote online payment is also poised for growth with regard to the billions of connected devices expected in the IoT. In these emerging markets, hardware security could build a solid foundation to protect data as well as the platform integrity of mobile devices – for example to enable convenient biometric authentication for online applications. One option for multi-factor authentication is FIDO (Fast IDentity Online), which drives strong yet simple online authentication. Infineon actively contributes to the development of FIDO specifications and has released FIDO Certified™ USB Token reference designs and standard-compliant products.
     
    Follow the Snyder family

    Smartphones and wearables are part of our everyday lives. On the occasion of the Mobile World Congress, Infineon has followed a day in the life of the fictitious Snyder family – also visiting Barcelona. During the day, the family's smart helpers are repeatedly put to use. It is in this way the reader also discovers the contribution Infineon makes with its products in the areas of security, high frequency, sensors, power management and mobile infrastructure. With this, we make life easier, safer and greener. Find out more at www.infineon.com/mobile-solutions and www.infineon.com/mwc.
     
    About Infineon

    Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2015 fiscal year (ending September 30), the company reported sales of about Euro 5.8 billion with some 35,400 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
     
    Further information is available at www.infineon.com

    This press release is available online at www.infineon.com/press
     
    Follow us:
    twitter.com/Infineon - facebook.com/Infineon - plus.google.com/+Infineon

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    Business Wire India

    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. 


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    Business Wire India

    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.


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    Business Wire IndiaCRICKET SOUTH AFRICA (CSA) today unveiled the Oxigen Proteas T20 squad’s theme song and campaign ahead of the 2016 ICC World Twenty20 tournament which takes place in India.
     
    In June last year, Oxigen Wallet became the official Proteas T20 team sponsor.
     
    With T20 cricket all about excitement, fun, energy and entertainment, CSA’s video content production agency T+W presented a concept for the Proteas' World T20 campaign that included all these elements in the form of a music video.
     
    The theme song, Fireball by the world famous, Pitbull, with lyrics like “I’m on Fire”, “Born in a flame”, “The best you ever had” and especially “Bringing it back”, the song was the perfect choice for the ICC World T20 campaign.
     
    The song resonated with the team because Fireball had a tie-in with the #ProteaFire culture that the team developed in 2012 and that culture had been shared with fans over the past 24 months.
     
    Pramod Saxena, Chairman & MD of Oxigen Services said, “We are extremely delighted with our steadfast business partnership with Blue Label Telecom for the last 12 years, and with our sponsorship for Cricket South Africa for the Oxigen Proteas T20 squad, we find another energizing association. This campaign sets a global example on how promotions across countries can be weaved together for a worldwide reach. I would like to thank and wish the CSA teams all the best for their games during the 2016 ICC World Twenty20 tournament.”
     
    The Proteas were involved in the creative process from the very beginning, and it was decided that as well as a studio shoot where they got to play out their rockstar fantasies, the music video needed to include South African fans, the people they play for.  
     
    As part of the campaign, The Protea supporters have the opportunity to send their messages of support and good luck to be seen by the team at the ICC World T20 in their hotel Team Room by simply using the hashtag #ProteaFire on Twitter and Instagram or Facebook. Only public posts on Instagram will be displayed on their screen. 
     
    Facebook users can go to https://www.facebook.com/inspireProteas and post on the page. Once the social media post is published, fans can log into http://cricket.co.za/add-your-voice to see the messages of support from all other Protea supporters as well as search for their own messages on the team’s inspirational wall. The Oxigen Proteas will also have access to this Social Media Wall at their hotel’s team room. 
     
    The “Fireball” theme song can be viewed on You Tube by clicking onto the following link https://youtu.be/GLnUaxY6TQM 
     
    Due to music rights issues, the song can only be viewed in South Africa and India for now.
     
    About Oxigen Services
     
    Oxigen Services India Pvt. Ltd., powered by 11 years of service excellence in the digital business of micro payments of services and remittances in a ‘real time’ environment is India's Largest Payments Solutions Provider.  Its business involves service aggregation and distribution, utilizing mobile, PoS and web for online payment processing and money transfer services. It is built to service the nation's Telecom/DTH Operators, multiple Services Providers and Banks, pan India.
     
    Oxigen has a retail footprint of 2, 00,000 outlets and has processed over 2 billion transactions till date with a current transaction volume rate of 600 million transactions per annum. It has a large customer base of over 150 million. A large bouquet of services is integrated into a single transaction & payment processing platform, including Prepaid, Postpaid & Subscription based services like Mobile Money Transfer, Recharges, Bill Payments, Ticketing and Subscriptions for all leading service providers across a wide spectrum of industries, like, Telecom, Direct‐to‐home TV, Internet Broadband, Travel (Railways/Airlines/Bus), Cinema/Movie Tickets, Utility Bill Payments, Gaming, Music & Movie downloads & more.
     
    Oxigen Wallet is India’s first Non-Bank Mobile Wallet app, approved by RBI, which allows you to send and receive money through popular social channels like Facebook, WhatsApp, Twitter, SMS and Email.  A customer can instantly send money to any mobile number or bank account in India, even if the recipient is not a registered Oxigen Wallet user.
     
    Oxigen Wallet services include money transfer/ Mobile/DTH/Data Recharges, Postpaid, Utility bill payments and Gift Cards for over 60+ brands. Customers also earn loyalty points that can be redeemed as cash into the wallet or as PayBack points.
     
    Oxigen Wallet, with 20 Million users, is a product of Oxigen Services Pvt. Ltd, India’s largest payment service provider.  Accepted at over 9000 merchant locations and 10000 online sites like BookMyShow, eBay, PVR, OYO Rooms, Jabong, and more, Oxigen Wallet offers a safe, secure and convenient payment solution via the mobile.

    Loading money into Oxigen wallet app is easy; you can use credit cards, debit cards or  pay cash over the counter through any of Oxigen’s 2,00,000  retailer / partners across the country.
     
    App available on Android Play store, iOS App Store and Windows Store or visit www.oxigen.com

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    Business Wire IndiaThe Corporate Finance Division of Tata Capital Financial Services Ltd; recently hosted its Annual Customer Meet under the banner ‘Partnering in Progress’ at Taj Mahal Palace, Mumbai. The event, which was attended by many corporate customers and senior executives, was focused on strengthening the relationships with existing and prospective customers through a series of stimulating interactions with leaders like Mr. Ishaat Hussain (Finance Director, Tata Sons Limited), Dr. Nirmalya Kumar (Member, Group Executive Council, Tata Sons Limited), Mr. Janki Ballabh (Former Chairman, State Bank Group), Mr. Sanjay Manjrekar (Cricket Commentator and Former Indian Cricketer), Mr. Praveen Kadle (Managing Director & CEO, Tata Capital Limited) and Mr. Pradeep C. Bandivadekar (COO, Corporate Finance Division). The event also facilitated opportunities for interactions between customers and the senior management of Tata Capital.


    The event started with the traditional lamp lighting ceremony followed by a presentation by Mr. Sarosh Amaria (COO, Commercial Finance) about the products and offerings of the division. He assured the audience of Tata Capital’s emphasis on partnering with its customers at every stage and how the division endeavoured to go the extra mile for satisfying its existing and prospective customers by offering a wide range of financial solutions.

    Post Mr. Amaria’s speech, the Guest speaker Mr. Sanjay Manjrekar shared examples of some of the finest partnerships from the world of cricket. He engaged the audience with his informal talk which was filled with real life cricket anecdotes involving himself and other great cricketing personalities from India and overseas.

    Soon after, the Guest of Honour Dr. Nirmalya Kumar spoke about the need of trust in relationships and how it helps in establishing great partnerships which are mutually beneficial for all. He shared examples of great value chain partnerships between manufacturers and retailers which have helped in providing great value to the end customer.

    After this, a few of Tata Capital’s esteemed customers were honoured at the event with Special Recognition Awards which were presented by Mr. Ishaat Hussain, Mr. Janki Ballabh, Dr. Nirmalya Kumar, Mr. Sanjay Manjrekar and Mr. Praveen Kadle. The event was followed by a sumptuous dinner.

    Earlier in the year, the Corporate Finance Division had conducted ‘Partnering in Progress’ events in Pune, Kolkata, Delhi and Bengaluru which were attended by various leaders like - Mr. R. Gopalakrishnan (Former Director - Tata Sons Limited), Dr. Pawan Singh (Director Finance - PTC India Financial Services Ltd.), Mr. Bhaskar Bhat (Managing Director-Titan Industries Limited), Mr. Farokh Engineer (Former Indian Test Cricketer), Mr. Pradeep Bakshi (COO & President - UPBG Voltas Ltd), Mr. Harsha Bhogle (renowned Indian Cricket Commentator and Journalist), Mr. Rakesh Sidana (GM & Sales Head - Honda Cars India Ltd), Mr. M. D. Mallya (Former Chairman and Managing Director - Bank of Baroda) and Mr. Harish Engineer (Former Executive Director - HDFC Bank).
               
    About Tata Capital Financial Services Limited:
     
    Tata Capital Financial Services Limited is a wholly owned subsidiary of Tata Capital Limited. A trusted and customer-centric, one-stop financial services provider, Tata Capital caters to the diverse needs of retail, corporate and institutional customers, across various areas of business namely Corporate Finance, Commercial Finance, Wealth Management, Consumer Loans and distribution and marketing of Tata Cards.

    Photo Caption: (From L to R): Mr. Sudhir Patel (Chairman, ABC Bearings Limited), Mr. Sanjay Manjrekar  (Cricket Commentator and Former Indian Cricketer), Mr. Praveen Kadle (Managing Director & CEO, Tata Capital Limited), Mr. Pradip Patel (Managing Director, ABC Bearings Limited) & Dr. Nirmalya Kumar (Member of Group Executive Council, Tata Sons Limited)
     

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