Friday , 22 September 2017
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Malware found embedded in software used by banks globally

Virus Alert

An advanced malware dubbed “Shadow Pad” has been found to be embedded in 5 of the NetSaragng’s software which are used by businesses and banks worldwide. Kaspersky labs uncovered the infection when a financial organisation reported suspicious activity to the security solutions provider. The malware allows an attacker to gain complete remote access to bank servers allowing the hacker to …

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Five Indian technologists created an alternative technology to blockchain


Five technologists from different provinces of India have created a revolutionary technology, not just an alternative to blockchain, but in some ways superior to it. It’s about RAIDA (Redundant Array of Independent Detection agents). This is the second technology (blockchain is the first one) that helps to solve the problem of the integrity of electronic currencies, which is very typical …

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iValue hosts iStorm BFSI CXO conclave at Udaipur


iStorm BFSI 2017 dwelled on Deciphering the Digital Transformation (DX), critical to ensure relevance and growth. Conclave was exclusive for BFSI vertical and registered a participation of 70+ delegates from leading Banks, Financial Institutions and Insurance Entities… iValue InfoSolutions, a leader in the Digital Asset Protection and Data, Network & Application (DNA of every business) management area, recently hosted iStorm BFSI …

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How banking Industry is using automation for collecting & recovering loans

Limesh Parekh

As Indian economy grows at a very fast rate, one sector that is seeing tremendous growth is banking sector. We see a huge surge in demand for finance from small scale and large scale enterprises alike. Banks, credit card companies and other financial institutions give loans and advances to individuals and small Businesses. There is a huge collection and recovery …

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NukeBot: New Ready-to- Attack Version of Dangerous Banking Trojan Caught in the Wild


Kaspersky Lab researchers have detected NukeBot – new malware which has been designed to steal the credentials of online banking customers. Earlier versions of the Trojan were known to the security industry as TinyNuke, but lacked the features necessary to launch attacks. The latest versions however, are fully operable, and contain code to target the users of specific banks.    …

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Infosys Finacle named a Leader among Digital Banking Engagement Platforms

Infosys Finacle

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), today announced that it has been named a leader by Forrester Research, Inc. in ‘The Forrester Wave™: Digital Banking Engagement Platforms, Q3 2017’ report. EdgeVerve was recognized as a leader for its Finacle suite of digital banking solutions among 11 leading global banking platforms, which were evaluated on a …

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IBM and Automation Anywhere Team up to Help Businesses Streamline Operations

IBM and Automation Anywhere

Automation Anywhere and IBM to deliver integrated process management technology to advance digital transformation and assist employees with repetitive tasks  Solutions aimed at industries with data-intensive processes such as banking, financial services, insurance and health care IBM (NYSE: IBM) and Automation Anywhere today announced a collaboration to help companies drive new efficiencies by delivering solutions that assist employees with routine, data-intensive …

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FinTech Venture ‘EarlySalary’ forays into the Pink city – ‘Jaipur’


~ India’s First Mobile App for Instant Cash, EarlySalary will offer instant loans to young working professionals in Jaipur ~ ~ Crosses Half a Million Downloads ~ EarlySalary.com , a Fintech startup, today announced the launch of its operations in Jaipur, the seventh market after successful series of launches in Pune, Bangalore, Chennai, Mumbai, Hyderabad and Delhi NCR. EarlySalary aims …

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Cloudera Empowers YES BANK’s Digital Strategy to Deliver Enhanced Business Insights


Leading Indian private sector bank adopts Cloudera Enterprise Data Hub to enhance customer campaigns through secure, real-time big data analytics Cloudera, Inc. (NYSE: CLDR), the leading provider of the modern platform for machine learning and advanced analytics, announced that YES BANK, one of India’s largest private sector banks, has adopted Cloudera Enterprise Data Hub to develop customized campaigns for consumers throughout their customer journeys. …

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NEC Joins Hyperledger to Advance Blockchain Technology


NEC Corporation (TSE: 6701) announced that it has joined Hyperledger as a Premier member, emphasizing NEC’s commitment to leverage its innovative research to both advance blockchain technology as well as its global adoption. Hyperledger is an open source collaborative effort created to advance blockchain technologies and services around the globe by addressing important features for a cross-industry open standard for …

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