BFSI articles

Wipro builds blockchain solution for Travacoin

Wipro builds blockchain solution for Travacoin

The solution aims to fast-track payments during travel disruptions and optimise administrative overheads Wipro Limited has developed a blockchain-based payment solution for Travacoin, a company specializing in an eponymous digital payment solution. Travacoin is a digital payment system which enables airlines to refund and compensate passengers in a timely manner when a disruption occurs. Passengers

BFSI CXOs Discuss Emerging IT Security Challenges during the Tenable-iValue CIO Meet

The summit was for future-focused CIOs from BFSI sector, predominantly the Public Sector Units (PSUs). With an objective to empower banking, financial services and insurance (BFSI) organizations to recognize and reduce their cybersecurity risks, iValue InfoSolutions, leaders in optimizing, protecting and transforming Digital Assets, in partnership with Tenable recently conducted the CIO Leadership Meet in

Avaya partners with StanChart to deliver CX transformation

Avaya has partnered with Standard Chartered to deliver a multi-year client experience transformation project that will enable the bank to more fully align its services with clients’ fast-paced, digitally connected lives. The Avaya OneCloud Private solution enables organizations like Standard Chartered to hit the ground running with Unified Communications and Contact Center solutions delivered on

Japan-based Fukui Bank Turns to IBM Cloud to Enable Business Transformation

IBM Services has announced an agreement with Japan-based Fukui Bank to migrate its distributed processing system to IBM Cloud to help drive operational transformation to address customer needs, and help the bank enhance its initiative to support local community development. Banks are currently faced with shifting consumer behaviors and expectations in areas like real-time banking,

Seven Major European Banks Select IBM to Bring Blockchain-Based Trade Finance to SMEs

Blockchain network designed to help make domestic and cross-border commerce easier. IBM Blockchain running Hyperledger Fabric Selected for Digital Trade Chain. IBM announced that it has been selected by a consortium of seven of Europe’s largest banks to build and host a new trade finance platform based on IBM Blockchain powered by Hyperledger Fabric. The

IBM Brings Anaconda Open Data Science Platform

IBM announced today that it is working with Continuum Analytics to offer Anaconda, a leading Open Data Science platform, on IBM Cognitive Systems.   Anaconda will also integrate with the PowerAI software distribution for machine learning and deep learning that makes it simple and fast to take advantage of Power performance and GPU optimization for data intensive

IBM Launches New Developer Tools

IBM announced the launch of the IBM Cloud for Financial Services to offer the essential building blocks for the creation of financial services apps on the IBM Cloud. More than 100,000 individual and enterprise developers from the financial services industry already turn to IBM monthly for insight and support. Now these and more will have

Cognizant Launches $1.5 Billion Accelerated Share Repurchase

Cognizant Technology Solutions Corporation announced that it has entered into accelerated share repurchase (“ASR”) agreements with Barclays Bank PLC, Citibank N.A., and UBS AG, London Branch to repurchase an aggregate of $1.5 billion of Cognizant’s Class A common stock. Under the terms of the ASR agreements, approximately 21.5 million of the shares to be repurchased

Fortinet Issues Top 5 Cybersecurity Predictions for FSI

The financial services sector is likely to remain a top target for cybercriminals in 2017 due to the sensitive nature and value of financial data the industry holds, according to Fortinet. “The financial industry continues to be a prime target given thesensitive nature of its data that is extremely valuable on the online black market.