Tag: banking

14
Oct
2020
Posted in technology

Flipkart Banking On Fintech To Boost The Big Billion Days Sale

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Flipkart has announced partnerships with several banking, insurance and financial service entities, ahead of The Big Billion Days, to make shopping on the platform more affordable than before.

Through these partnerships, the company is offering affordable credit options through seventeen leading banks, NBFCs (non-banking financial companies) and fintech players on the platform, which will drive credit accessibility for over 70 million customers.

Flipkart has partnered with State Bank of India (SBI) and SBI Card to provide a 10 per cent discount to their debit and credit cards holders.

“At Flipkart, customer-centricity is at the heart of all our endeavors, as we create increased shared value for all our stakeholders and partners in the ecosystem. By facilitating credit and insurance access, and simplifying payments for over 250 million customers across the country, we are reinforcing our commitment to helping fulfill their aspirations without the burden of financial constraints. Through these partnerships and their expansion, we hope to take the promise of The Big Billion Days to more customers to enable meaningful growth,” said Flipkart head of fintech and payments group Ranjith Boyanapalli, in a promising tone.

With the launch of Kotak Mahindra Bank and Federal Bank Debit Card EMI payment option, customers can now avail pre-approved credit from seven leading banking and fintech giants.

“We are delighted to associate with Flipkart as an exclusive credit card partner for the flagship The Big Billion Days shopping festival. We have had a long association with Flipkart and this is another collaboration which will bring our customers the best from both partners. SBI Card customers can

13
Oct
2020
Posted in software

Insights on Third-Party Banking Software Market within the Application Software Sector | Growing Use of Digital Payment Solutions to Emerge as a Key Driver | Technavio

LONDON–(BUSINESS WIRE)–The global third-party banking software market is expected to grow at a CAGR of over 8% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.

Learn more about how COVID-19 is impacting the third-party banking software market – Request a free sample report

Many organizations are expanding their business in new geographies and acquiring new customers. The growth in the customer base has increased the number of online transactions, which has increased the demand for digital payment solutions. In addition, the rising number of customers seeking help with financial decisions and investments is contributing to the growth of the global third-party banking software market.

Third-Party Banking Software Market: COVID-19 Impact Analysis on Related Markets

Global Islamic Banking Software Market 2020-2024

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Global Loan Servicing Software Market 2020-2024

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Global Personal Finance Software Market 2020-2024

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Third-Party Banking Software Market: COVID-19 Impact Analysis on Parent Market

The global application software market is the parent market of the third-party banking software market. Within its scope, the application software market covers companies that are engaged in developing and producing software designed for specialized applications for the business or consumer market. It includes enterprise and technical software, as well as cloud-based software. Our report on the third-party banking software market offers a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as analysis on several large and small vendors active in the market including FIS, Fiserv, Infosys, Oracle, and Temenos Headquarters.

Technavio’s research report on the third-party banking software market identifies

05
Oct
2020
Posted in technology

Sensex, Nifty end higher on TCS buyback plans, banking gains

BENGALURU (Reuters) – Indian shares ended higher on Monday as Tata Consultancy Services’ market capitalisation touched 10 trillion rupees ($136.46 billion) on share buyback plans and banking stocks gained after the government said it would waive interest levies on some loans under moratorium.

The Nifty ended 0.76% higher at 11,503.35 and the Sensex gained 0.71% to close at 38,973.70.

IT heavyweight TCS said it would consider a share buyback later in the week when it reports results, sending its shares up as much as 8.1% to a record high of 2,728.1 rupees.

The Nifty IT index rose 3.47%. Shares in TCS, Wipro Ltd and Infosys Ltd were among the top percentage gainers on the blue-chip Nifty 50.

The Indian government had told the country’s top court it would waive the compounding interest component on loans up to 20 million rupees under a COVID-19 support plan, a legal filing showed.

The Supreme court will have its next hearing on the interest waiver case on October 13.

The NSE Bank index ended 0.56% higher, with shares of IndusInd Bank rising as much as 6.5% and Canara Bank Ltd shares closing 0.6% higher.

($1 = 73.2800 rupees)

(Reporting by Philip George in Bengaluru; Editing by Ramakrishnan M.)

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05
Oct
2020
Posted in technology

NEC snaps up Swiss digital banking solutions provider Avaloq in $2.2 billion deal

NEC has agreed to acquire Avaloq in order to secure a global pathway into the digital payments market. 

Announced on October 5, the deal will bring Avaloq under the Japanese IT group’s umbrella, although Avaloq will continue to operate using its own brand. 

Under the terms of the agreement, NEC will pay CHF 2.05 billion, or approximately $2.23 billion, for 100% of Avaloq shares. At present, 45% is owned by global private equity firm Warburg Pincus, whereas the rest are held by the firms’ founders and employees. 

Founded in 1985, Avaloq is an IT solutions company now specializing in banking, wealth management, and the digital payments space. The firm has developed business process as a service (BPaaS) and software as a service (SaaS) cloud solutions for banks and financial organizations. 

See also: Infosys acquires GuideVision in European services push

Headquartered in Switzerland, Avaloq is listed on the Tokyo stock exchange (TYO) and has a presence in over 50 countries. 

Avaloq has traditionally served high-end wealth managers and private banks but intends to “democratize” this area in the future by expanding to include “affluent investors” rather than just high net-worth individuals. 

“Clients will continue to enjoy the high level of service they’ve grown used to,” Avaloq says. “This transaction will not lead to a reduction in workforce and the management remains fully committed to Avaloq’s growth story.”

While NEC is the provider of a range of IT solutions in industries spanning from aerospace to data analytics, by picking up a company already established worldwide in banking technology, the organization will add digital finance to its bow — as well as the ability to enter this market on a global scale. 

CNET: iPhone 12’s juiciest leaks and rumors: Release date, price, cameras, 5G and more

The news comes on the heels of

30
Sep
2020
Posted in technology

How To Safe Your Tablet Laptop For Secure On-line Banking

Internet access is good, almost needed for communication, schooling, and leisure in at present’s fast-paced, technologically superior world. I’ve had the most important three (Google Chrome, Microsoft Edge, & Firefox Mozilla) I’ll swear by Firefox. I have dabbled with a number of browsers like Chrome, Maxthon, IE, but I found Firefox carry out way better than different browsers, especially on the subject of playing Facebook video games.

You can even configure your Cell Telephones, PDA, Linux, MAC, routers to make use of this Google Public DNS and might get pleasure from better internet service. Online security programs and Antivirus programs are very useful in protecting a computer from unlawful entry. The longest range wi-fi internet connection using directional WiFi antennas was in Sweden, to a helium baloon over 100 miles away.

I take advantage of (Google) chrome and preserve Firefox as a again-up. WiFi entry points (hotspots) and wi-fi routers operate in 2.four GHz or 5 GHz radio wave frequency. Businesses use internet technologies corresponding to Skype internet and video calls, electronic mail and video conferencing to make communication just about on the spot.

They provide Broadband Internet and telephone services to residential, enterprise, enterprise, and public sector customers all through Colorado, Texas and Wyoming. Usually for these sort of companies we use UDP (Consumer Knowledge-gram Protocol) or TCP (Transmission Management Protocol).IPv4 TOS discipline has restricted performance and, over time, has been redefined and domestically interpreted.

After replace Kaspersky from a neighborhood folder, it’s a must to change the Update Source to the default Kaspersky Lab’s update server (uncheck the Handbook update source from the checklist). Odds are you use the internet rather a lot, so be sure you’re pleased with the browser you’re using.…