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Cognizant plans: layoffs, automation, investment in digital and M&A

Someone gotta go...

Cognizant, a global provider of digital, technology, consulting and operations services, is to get rid of up to 4% of its workforce, it is understood. It is also keen on increasing automation, investment in digital and M&A.

Top ten payments projects in 2016

Navigating the payments storm

Look back at some of the major payments projects in 2016, with Banking Technology’s top ten.

How can RBI’s latest guidelines help Indian banks combat cybercrime?

cybersecurity

Rising cybercrime in India is no secret. According to a report by Symantec, India now ranks third in the world, after the US and China, as a source of malicious activity. In fact, the National Crime Records Bureau data reveals that in the three years up to 2013, registered cases of cyber crime were up 350%, from 966 to 4356. Dubious distinctions both, and give banks and the financial sector in India cause for worry.

Digital games banks got to play – part 1

digital

Today, most banks want to be digital leaders because that is where the customers are! This has brought in a change in the attitude of many traditional banks. Arun S. Padaki, a seasoned corporate banker, credit risk and business process management consultant, explores what it takes to become a digital leader and who is already ahead in […]

India’s Post Bank gets March 2017 green light

India Post plans to offer banking services by March 2017

India’s Post Bank is to begin processing payments in March 2017, according to the government’s communications minister. The move is part of long-standing plans to use India’s Post Office network to spread financial inclusion in the world’s largest democratic nation.

Indian bank launches WhatsApp, Facebook, Twitter mobile payments

Axis Bank is targeting India's mobile users

India’s Axis Bank has released a mobile payments service called Ping Pay, which allows customers to send money to each other using Facebook, Twitter, WhatsApp, email or phone number. The bank says the service will help it to reach young consumers and smartphone users.

ICICI Bank India launches Twitter banking

ICICI Bank has

India’s ICICI Bank has launched a new banking service for Twitter, ICICIbankpay, which allows customers to transfer money to anyone in the country who has a Twitter account. Customers can also check their account balance, view the last three transactions and recharge prepaid mobile. The service follows the bank’s earlier moves into social media, which included launching a Facebook banking app in September 2013, and is aimed partly at broadening access to financial services.

Bombay Stock Exchange targets HFTs with network revamp

The BSE is opening up to HFT

India’s Bombay Stock Exchange has ramped up its network application and monitoring speeds and opened a new investor service centre in New Delhi, as it seeks to attract latency-sensitive traders.

ICICI Bank unveils Indian mobile app quartet

India's ICICI has rolled out four new mobile apps

India’s ICICI Bank has launched four new mobile banking apps, as part of a drive to adopt digital channels and spread into India’s vast rural hinterland.

Indian post office plans banking expansion

India Post plans to offer banking services in Delhi by March

India’s state-run post office the Department of Posts is planning to launch core banking services in the Indian capital city Delhi, as part of a major drive to become a banking services provider in the country.

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