WIN INDIA kickstarts its 10th edition at MMRDA Grounds, Bandra-Kurla Complex, Mumbai

The 10th edition of WIN INDIA, India’s leading trade fair for manufacturing, logistics, warehousing, factory automation and heavy engineering, commenced at the MMRDA Grounds, Bandra – Kurla Complex, Mumbai on 1st December 2016. WIN INDIA, consisting of three trade fairs – CeMAT INDIA, Industrial Automation INDIA (IA India) and Motion Drive & Automation India (MDA India), is jointly organized by Hannover Milano Fairs India Pvt Ltd, Department of Heavy Industry and FICCI. The three trade fairs brought together internationally renowned exhibitors, manufacturers, industry stakeholders, policy makers, and the end users.

The exhibition was inaugurated by Shri. Subhash Desai, Honorable Industries Minister, Government of Maharashtra, Shri. Girish Shankar, Secretary, Department of Heavy Industry, Mr. Marc Siemering, Sr. Vice President, Deutsche Messe AG, Shri. Didar Singh, Secretary General, FICCI and Mr. Mehul Lanvers Shah, Managing Director, Hannover Milano Fairs India.

“The national manufacturing policy aims to provide 100 million jobs, out of which 25% new jobs will be hi-tech and the remaining 75% will be medium tech. Currently 80% of the present jobs are low tech and in the capital goods sector alone, we have the challenge of training an additional 5 million into medium and hi-tech skill sets. For this we have set up the Capital Goods Skill Development Council which provides the framework and skill standards for these jobs. Under the new capital goods scheme, we are going to set up 5 mega skill training centres in the 5 regions of the country which will provide the necessary knowledge content. The Council enlists and certifies training institutions which are being proposed on an entrepreneurship model, and in some cases DHI will also provide grants to create training capacities. This should create the framework to substantially share the load to train 5 million workers in the next 5 years”, said Shri. Girish Shankar, Secretary, Department of Heavy Industry.

The key highlights of the three trade fairs include FICCI-DHI CEO Roundtable on “Automation and Job Creation”, an Intralogistics Conference comprising of a keynote on Smart, Connected, Agile – Strategic Impact of Intralogistics 4.0, a panel discussion on Supply Chain in Digital World and a special address on How ASEAN & China will shape our Supply Chain.

The keynote covered the challenges and solutions in Telematics & Fleet Management, Automation, E-Commerce, Energy Conservation and IIOT and their application in Intralogistics while the panel discussion explored the future direction of supply chains in a connected world and provided an overview of solutions that will leverage the technological innovations. The major focus in the special address was on the initiatives proposed by China – ‘Silk Road Economic Belt’ (SREB) and ‘ Maritime Silk Road’ (MSR) and how these initiatives have the ability to re-define the Indian Company.

Other key highlights of the trade fairs included a 2nd edition of the Automatic Training Zone which was organized in association of the Automatic Industry Association and a CEO Conclave which was organized by the Fluid Power Society of India. The Training Zone has programs which will address topics like ‘Enhancement’ in manufacturing. A special session was held on ‘Demand Generation & Challenges of Capital Goods Sector’. This session focused on Schemes by Department of Heavy Industry including schemes on Skill Development and Opportunities for Capital Goods in Railways. ‘IPF Industry Excellence Awards’, an awards ceremony was organized by ASAPP Media where in the Award was awarded to ‘Industrial Products Finder.

Mr. Mehul Lanvers Shah, Managing Director, Hannover Milano Fairs India, said, “We are proud to present the 10th edition of WIN INDIA and are happy to see a great response in terms of visitors, buyers, exhibitors, delegates and key dignitaries. The first day saw an overwhelming footfall which has surpassed our expectations at the much anticipated Intralogistics Conference and the Automation Training Zone.”

Some of the top exhibitors at the three trade fairs included Jungheinrich Lift Truck India Private Limited, Nash Robotics & Automation Private Limited, Su-Mech Storage Systems Pvt. Ltd, Grey Orange Robotics, Robert Bosch Engineering and Business Solutions Private Limited,Larsen& Toubro Ltd., FESTO India Pvt. Ltd., Godrej & Boyce Mfg. Co. Ltd., Mahindra Logistics etc. The trade fairs also saw participation from 10 countries like Germany, China, Italy, India, Netherlands, South Korea, Spain, Taiwan, UAE and USA.

The next two days at the trade fairs will have highlights like MDA Forum on ‘Industry 4.0 in Manufacturing and Skilling in Engineering Industry’ which will be organized by VDMA (German Engineering Federation), the Intralogistics Conference and the Automation Training Zone will continue in the next two days. A Masterclass Seminar on ‘Harmonizing Warehouse Ecosystem for Maximizing Efficiency’ will be held on Day 3 by Mr. Arif Siddiqui.

Tapping opportunities in capital goods sector can add up to Rs 50,000 cr to GDP

To create up to 50 lakh jobs: FICCI- McKinsey report on India Capital Goods Sector

A new report, “Accelerating growth in the Indian capital goods sector”, by FICCI and McKinsey & Company was released by Mr. Subhash Rajaram Desai, Minister for Industries & Mining, Government of Maharashtra along with Mr. Girish Shankar, Secretary, Department of Heavy Industry, Government of India and Dr. A Didar Singh, Secretary General, FICCI during ‘World of Industry’ (WIN) India conference and exhibition jointly organized by Department of Heavy Industry, Government of India, FICCI and Hannover Milano Fairs India Ltd.

The report mentions that though the demand for capital goods in the country has grown by almost two-and-a-half times over the last decade to INR 3.7 lakh crore in 2015, sectors’ contribution to India’s GDP is 0.6% as compared to 4.1% for China, 3.4% for Germany and 2.8% for Korea. Much of the demand was met by imports, thus making it the country’s fourth-largest import category after crude oil, electronics and gold.

For a $2 trillion economy, the sector is still relatively under-developed. The study reveals that the sector could have been weighed down due to low investments in technology and talent. In Indian capital good sector, less than 1% of revenue is ploughed back in R&D as compared to 5-6% in Germany. The sector has attracted an annual investment of Rs. 18,000-20,000 crore and has been stagnant at 1.4% growth. Indian goods sector has also been missing a deep component supplier ecosystem along with limited B2B sales and marketing capabilities.

While releasing the report, Dr. A Didar Singh, Secretary General, FICCI said “Capital goods is now the fourth largest import category after crude oil, electronics and gold. The future growth trajectory of the sector could be accelerated. Based on the push under the “Make in India” campaign and the trends in key end-use sectors, there are multiple growth opportunities on the horizon in India for capital goods players.”

Mr. Abhishek Agrawal, Associate Partner, McKinsey & Company said, “Despite the sector being under-developed, there is a silver lining. Economic reforms rolled out by the government over the years and kick-starting of capex cycle in many end-use sectors have created new opportunities.”

He further elaborates, “the following seven segments, if tapped, could result in US$30 bn (Rs 2 lac crore) annual opportunity for India’s capital goods players and global OEMs: Emission norms regulations; Investments into logistics infrastructure (railways, ports, roads); Thrust on indigenization of manufacturing in aerospace and defence; Urbanization; Meeting India’s energy, material and food demands; Tapping these opportunities could also accelerate the growth of this sector, add Rs. 40,000 – 50,000 crore to country’s GDP, allow import bill to be
reduced by about US$ 20-25 billion. It could also create additional 5 lakh direct jobs and 50 lakh jobs in total.”

Vodafone launches special caller tunes for speech and hearing impaired on International Disability Day

These caller tunes can be availed lifelong for free

On the occasion of the ‘International Disability Day’, Vodafone India, announced the launch of special caller tunes for the speech and hearing impaired. These caller tunes can be availed lifelong for free.

The challenge speech and hearing impaired users often face is that when they order any service like a fleet cab or a parcel from e-shopping platforms, the driver/courier by default calls their phone to inform them of his arrival, which they are unable to respond to, thereby missing out on accessing several such services currently.

These specially developed caller tunes provide a simple solution to this very practical and routine challenge. By downloading and activating either of the 2 special caller tunes, anyone calling them will be requested to send a message via SMS or Whatsapp, which they can see and respond to.

To activate these caller tunes, just SMS:

· “CT 8894702” to 56789 – for English-Hindi-English Callertune
· “CT 8894716” to 56789 – for Hindi-English-Hindi Callertune

Speaking about this unique offering, P. Balaji, Director – Regulatory, External Affairs & CSR, Vodafone India, said “Vodafone is committed to leverage the potential and reach of mobile technology to drive inclusion and address developmental challenges in the society. The launch of these Caller tunes is the latest example of this endeavor. The Vodafone Foundation has diligently worked with our partner Enable India to create this simple solution to make the daily lives of our specially-abled customers convenient. This innovative idea is also a small gesture of our support to the Government’s Vision of Accessible India.

Vodafone India will be using its digital platforms to raise awareness about this initiative.

Infosys inducted into the ‘Winner’s Circle’ in the HfS Product Lifecycle Management Services Blueprint Report 2016

Infosys has been inducted in the ‘Winner’s Circle’ of the 2016 Product Lifecycle Management (PLM) Services Blueprint Report by HfS Research. According to the report, Infosys has demonstrated excellence in execution and innovation among 13 PLM service providers who were evaluated and reviewed for the plan, implementation, management and optimization services across different PLM software applications.

The report describes the Winner’s circle to include players that exhibit: “Collaborative relationships with clients, services executed with a combination of talent and technology as appropriate, and flexible arrangements” on the Execution front and “Articulate vision and a new way of thinking, have recognizable investments in future capabilities and strong client feedback and are driving new insights and models” on the Innovation front – the two axes of the research evaluation. The report validates Infosys capability to deliver transformational benefits to clients and also endorses the company’s strong digital manufacturing vision with a focus on making investments in tools and accelerators.

The report recognizes Infosys for:

· A strong vision for a possible disruption in PLM Services by cloud, mobility and IoT technologies
· Investing in solutions that will help its clients accelerate their journey to the digital manufacturing and Industry 4.0 solutions leveraging digital thread
· Strong delivery capability across the PLM value chain with strong offerings in some industry verticals such as industrial equipment, electronics, medical devices retail, and Consumer Packaged Goods (CPG)
· A strong geographical spread with 20+ PLM delivery centers covering all major regions, including North America, Latin America, Europe, and Asia-Pacific

Pareekh Jain, Research Vice President, HfS Research – The Services Research Company™
“Infosys PLM services has consistently demonstrated excellence in delivering value to its clients. Infosys has made substantial investments in digital technologies/services that will help enable clients accelerate their journey to the digital manufacturing and Industry 4.0 solutions. Summarily, clients confirm that they have benefited from Infosys PLM expertise.”

Safe Cities: IFSEC India’s advocacy for Industry

10th edition of South Asia’s largest Security event by UBM India

300 Companies, 20+ Countries showcases Smart Security for Emerging India

As part of the world’s leading portfolio of security and fire safety events, the International Fire & Security Exhibition and Conference (IFSEC) India, expo hosted by UBM India, is back once again with its 10th edition of the expo scheduled from 8th – 10th December 2016 at Pragati Maidan, New Delhi. Supported by APSA and ESAI, the expo is the region’s pre-eminent authority on the expertise and guidance of industrial security.

Today, cities across the world are constantly evolving faster than at any point in history. They have become more congested, and criminal activities have soared up, leading to the destruction of public assets. Compounding the problems, terrorism has become a major concern that presents communities and neighbourhoods with new security problems. Faced with a wealth of often elusive challenges, cities are expected to manage and control the change to allow their communities to have a standard of living that meets modern-day expectations.

In the age of smart technology and to match the pace of smart cities, the need for smart security is of utmost significance. The rising need for advanced security, increasing public surveillance, growing IT infrastructure, increasing IT spends, and surging criminal activities have spurred the market for IP Video Surveillance systems in India. From the earlier Analog CCTV technology, there has been a steady technology shift to Internet Protocol (IP) based (digital), open source and fully integrated systems, with the option for remote surveillance, background screening, video analytics, digital video and sensor-based detection. It has hardly surprising then that the fastest growing end-user industry is projected to be city surveillance.

The growing awareness in the retail and enterprise segment too is giving security solutions a cult status. Under these circumstances, IFSEC India will act as catalysts for the progress and vision of the industry, as we provide a platform for industry players to collectively ideate, innovate, and spot trends like the shift in India’s security paradigm from a preventive approach to a monitoring and response strategy. In its tenth edition, IFSEC is proud to feature technologies pertaining to biometrics, transport, access control, in addition to surveillance, for the knowledge of end users and providers.

Over 300 companies from 20+ countries from the security and fire domain have confirmed participation for the 2016 edition; some of the premier plus partners include Aditya Infotech, Advik, Dahua, ERD Technologies, ESSL, HI-Focus, Hikvision, HANWHA TECHWIN(formerly SAMSUNG TECHWIN), Secureye, Fortune Marketing, Tech smart, Tenda, Hamsa, Uniview, ZKTeco. Our Premier Partners include ACSYS, Axestrack, Blue I, Face ID, Honeywell, Lilin, Mantra, Panasonic, Road point, Sparsh, Starex, Unicam systems, Unique Electrovision and Zebronics.

Speaking on the announcement of IFSEC India 2016, Mr. Yogesh Mudras, Managing Director, UBM India said, “According to industry reports by The Associated Chambers of Commerce and Industry of India (Assocham), India, along with Britain, Germany and France is poised to emerge as one of largest player in global Homeland Security (HLS) market by 2020. The demand for video surveillance in India has grown not only in corporate houses but also risen sharply among the RWAs and security agencies as well. The demand for other security systems like Access Control, Biometrics, Alarm Systems, Transport Security, Home Automation, Perimeter Security and Metal Detectors has increased too. The booming demand for these security solutions, falling costs of products & installation coupled with hassle-free installation & portability is making wireless security an instant hit. Against this landscape, IFSEC 2016, South Asia’s largest annual exposition in the security industry, shall showcase some of the finest IP electronic surveillance technologies & architectures to secure our tomorrows.”

“This year, we have also reached an important milestone and achieved a new momentum with the 10th anniversary of our expo which will provide a perfect platform for stakeholders from the security and fire community to come together and address challenges that have acted as speed bumps to this growth.” he further added.

With the increasing focus on Homeland security in India, IFSEC India, this year has decided to proactively decipher relevant insights gained in the global security market by conducting a two day conference with the theme ‘Security strategies to counter external and internal threats’ and ‘Creating a Smarter and Safer World with State-of-the-art Security Technology’ alongside the exhibition. The expo is supported by Assocham & PWC as ‘Conference’ and ‘Knowledge Partners’, respectively.

This year, IFSEC India will be launching the first ever IFSEC India Awards in India. The Electronic Security Industry in India is proliferating and the awards are crafted to specially get the minds behind electronic security in various industry verticals like BFSI, Retail, Manufacturing, Energy, Healthcare, PSUs, IT & ITES and Infrastructure in the limelight. The awards will recognise the excellence and innovations of CSOs & Security officers who continuously work behind the scenes to ensure robust security. The process advisors for the IFSEC India Awards will be Ernst and Young.
The key opportunities of the IFSEC India 2016 lie in the areas of Urban surveillance, critical infrastructure protection, border, port & airport security, transport security, fire safety, cyber security, Home Automation , Safe cities and so on.

Vodafone launches Bada Data Chota Price

Offers data packs from just Rs 24/- onward for the full month

Vodafone, one of India’s largest telecommunications services providers, today announced the launch of Bada Data Chota Price – a series of low price monthly data packs starting at Rs 24/- for a 30 day validity. The pack prices vary from circle to circle.

Launching these customer empowering packs, Sandeep Kataria, Chief Commercial Officer, Vodafone India said, “We are democratizing data by making it more affordable and accessible. This is key to driving usage and encouraging first time users to come online. We are confident that our Bada Data Chota Price packs will empower our hundreds of million customers to remain confidently connected for the full month and enjoy the power of internet via the mobile on our modern and seamless network. It will facilitate in faster adoption of data and its better usage, vital for India’s progression into the digital economy.”

Residents of Bihar can now pay their Electricity bill ‘On the Go’ with Vodafone M-Pesa

·         Partners with two Bihar State Electricity Distribution Companies – NBPDCL and SBPDCL

·         M-Pesa Digital Wallet to facilitate instant electricity bill payments;

·         With this tie up, over 4.9 millions of electrified households will benefit through this facility

Vodafone M-Pesa, a unique and innovative Digital Wallet service from Vodafone that offers Money Transfer, Bill & Utility Pay, Merchant Payments and Business Solutions, has partnered with two Bihar State Electricity Distribution Companies – North Bihar Power Distribution Company Limited (NBPDCL) and Southern Bihar Power Distribution Company Limited (SBPDCL), offering the residents of Bihar a simple, easy-to-use option to pay their electricity bills instantly. Vodafone M-Pesa offers customers a cashless, secure platform for electricity bill payments with the largest network of agents (or CashIn Points) to enable digitization of money for Cash holding population.

Vodafone has more than 12000+ outlets (or CashIn Points) including Vodafone Company owned stores, franchisees, and multi brand outlets. These CashIn Points provide convenience and ease to Customers to convert cash into digital money facilitating digital payment of Bills and e-commerce /m-Commerce. The bill payment touch points are easily available at every nook and corner, including all Vodafone brand stores in Bihar.

Inviting the residents of Bihar to reap the benefit of instant electricity bill payment on the go through Vodafone M-Pesa, Rajshekhar Metgud, Business Head, Bihar & Jharkhand Circle – Vodafone India said “It has been our constant endeavor to deliver and bring innovative and simplified service offerings relevant to the needs of our customers. Vodafone M-Pesa partnership with the two key electricity distributing bodies in the state is one such initiative that bridges the need for a simple, timely and cashless payment solution for consumers through their mobile phones”.

Customers across various segments can access M-Pesa on either a smart phone by downloading (Google Play store > M-Pesa customer app > Download > Register with basic credentials > Confirmation SMS > Login and change the PIN) the M-Pesa App or by dialing a USSD short-code (*400#) from any phone including any feature phone. This facility is aimed at driving financial inclusion further along with providing the State Electricity Board subscribers in Bihar the benefit and comfort of making payments instantly.

Elaborating further on the service, Suresh Sethi, Business Head, M-Pesa, Vodafone India said “We are delighted to facilitate payments via M-Pesa (mobile wallet), safe, fast and convenient way of bringing bank to the mobile. With this facility, customers now have an access to multiple touch points for electricity bill payments in a simple and hassle free manner. From process automation to instant and secure transaction, we are confident M-Pesa will bring transformational benefits to the people in Bihar and further drive financial inclusion in the state.”

Serving the needs of the unbanked and under-banked customers, Vodafone M-Pesa is a safe, fast and convenient way of bringing bank to the mobile. Also, with a pan India distribution network of over 120,000 CashIn Points and with more than 8.4 million customers, Vodafone M-Pesa is the largest banking business correspondent in the country. M-Pesa today plays a vital role in enabling financial inclusion and m-commerce. ‘M-Pesa’ effectively leverages the combined strengths of Vodafone’s global expertise in the domain of mobile payments and significant distribution reach in India plus the security of financial transactions provided by ICICI Bank.

Marcus by Goldman Sachs Deploys Finacle Solution on Cloud for its New Online Lending Business

Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), announced that Marcus by Goldman Sachs has implemented the Finacle Core Banking Solution for its consumer lending operations. Marcus, a brand of GS Bank, has deployed the Finacle solution to manage the complete consumer loan-servicing life cycle. The fully cloud-based model, hosted by Goldman Sachs, allows Marcus to achieve the necessary scale as well as provide enhanced functionality, business confidence and security to its consumers.

· Comprehensive research was conducted by Goldman Sachs to understand consumer preferences around unsecured lending and borrowing priorities. Marcus then used these insights to design differentiated consumer lending products on the Finacle solution.
· Marcus is now able to deliver extensive self-service capabilities on digital channels to design truly personalized products. The system will give end-consumers the flexibility to choose lending terms such as repayment amount and tenor.
· Marcus has designed and built modern technology operations by ensuring straight-through-processing across digital channels to the Finacle solution. Leveraging Marcus’ technical architecture, the Finacle solution optimised using the RESTful APIs and process orchestration capabilities.
· The entire program was completed in just eight months, leveraging the agile implementation framework and the pre-configured US-compliant Finacle Core Banking Solution. The solution provided out-of-the-box compliance for federal and state regulations, thus removing the potentially high cost and lengthy timeline of building a fully-functional, compliant technology platform in-house.
· The Finacle solution provides a 24/7, real-time, scalable platform which has helped to enable Marcus to create products, open accounts and manage the entire loan-servicing lifecycle, including payments, whilst ensuring a superior customer experience.
· Finacle’s open architecture, integration capabilities and scalability seamlessly aligned and became part of Goldman Sachs’ wider ecosystem of enterprise applications.

Sanat Rao, Chief Business Officer and Global Head, Finacle:
“Marcus by Goldman Sachs is displaying exemplary vision in creating new business opportunities by leveraging modern technology. With the Finacle solution, a real differentiated capability has been achieved by delivering personalized offerings and providing a customer experience to compete with traditional banks and new-age alternative lending providers. The implementation once again reiterates Finacle’s industry strengths to enable fast and low-risk digital transformation for financial institutions.”

Boe Hartman, CTO, Marcus by Goldman Sachs (Digital Finance Technology):
“With the successful deployment of the Finacle Core Banking Solution we have the agility to respond to customer needs, the scalability to adapt with market requirements while providing the superior customer experience required in today’s competitive digital age.”

STMicroelectronics Boosts Trusted Computing with New Advanced Security Modules

v Expansion of STSAFE family with latest Trusted Platform Modules (TPMs) extends support for state-of-the-art hardware-based online security

v Largest on-chip memory in the market provides greater storage for sensitive data

v Devices are certified to highest security-industry standards and supported by independent Certification Authority (CA)

STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications and an active member of the Trusted Computing Group (TCG) for more than a decade, has introduced two state-of-the-art security modules that provide an industry-validated shield to protect computers and smart connected devices against cyber-attacks.

The new STSAFE Trusted Platform Modules (TPM) store system-authentication data such as cryptographic keys and software measurements in inaccessible and unalterable hardware, offering an industry-standardized way to protect PCs and servers, as well as other home and office equipment such as printers, copiers, home gateways, network routers, and switches. This protected storage prevents attackers from interfering with the device’s integrity, stealing private data, or taking over the system to gain unauthorized access or privileges that would put the system, data, or its network at risk.

“Robust security is central to maintaining trust in the rapidly growing number of smart connected devices that support the way we live and work,” said Marie-France Florentin, General Manager, Secure Microcontrollers Division, STMicroelectronics. “Our state-of-the-art security modules combine the latest trusted computing technology with value-added features that enable superior protection for end-users’ privacy and safety.”

The Trusted Computing Group’s latest TPM 2.0 specification adds extra features over and above the earlier TPM 1.2[1], including cryptographic algorithms and support for user hierarchies. The first of ST’s new STSAFE-TPM devices, the ST33TPHF2ESPI, supports both specifications and can switch easily between the two, allowing OEMs to provide TPM 1.2 or TPM 2.0 capability on the latest device technology. The second device is the ST33TPHF20SPI, which supports TPM 2.0 and has the largest non-volatile memory in the market to provide up to 110Kbytes storage for sensitive data.

The STSAFE-TPM modules leverage ST’s expertise with the secure ARM® SecurCore® SC300™ processor, which has anti-tamper, data-watching, and memory-protection features. Both devices are Common Criteria (CC) and Trusted Computing Group (TCG) certified against the applicable TPM 1.2 and 2.0 protection profiles and US Federal Information Processing Standard (FIPS) 140-2 certifications are in progress. The new modules come with RSA and ECC[2] Endorsement Keys[3] (EKs) needed to support authentication and associated key certificates are provided, signed by the independent certification authority Globalsign Ltd to guarantee authenticity.

The ST33HTPH2ESPI and ST33HTPH20SPI are available in either a TSSOP28 or QFN32 package. Both devices are in production now. Please contact your ST sales office for pricing options and sample requests.

STSAFE is a family of authentication products offering turn-key solutions. All STSAFE products rely on highly secure MCUs that achieve top-level Common Criteria EAL5+ certification, as certified by independent labs. The STSAFE product family is aimed at offering well-tailored solutions to meet the increasing security challenges in Trusted Computing, Brand Protection, and the IoT.

VASCO appoints Pinakin Dave as Managing Director in India and SAARC region

VASCO Data Security International, Inc., a global leader in digital solutions including identity, security and business productivity, today announced the appointment of Pinakin Dave as Managing Director for India and the SAARC region. Dave will head sales operations, channels & alliances and will continue strengthening the customer base in the region. He joined VASCO® earlier this year from Hewlett Packard Enterprise where he held the function of Country Manager Channel Sales for Technology Services.

“Pinakin is a security industry veteran and brings an outstanding track record of driving market expansion and setting up successful channel strategies for the SMB as well as the enterprise segment,” said Dan Dica, Senior Vice President Worldwide Sales. “His expertise includes deep market knowledge in a variety of verticals; the banking segment, including financial services and insurance, government and healthcare. In his role, Pinakin will continue building VASCO’s customer base across these and other focus verticals, fostering the channel ecosystem, and positioning India and SAARC as a growth market for the company.”

“Several industries in India and its subcontinent are facing a challenging digital transformation,” said Mr. Dave. “There is a clear business need to create a trusted digital experience enabling users to securely access, consult and share confidential information, sign electronically and execute critical transactions. For VASCO the opportunities in the larger Indian and SAARC region to help organizations create digital trust are multifold. VASCO’s core business of authentication, fraud risk management, secure transaction technologies and e-signature solutions will enable us to create value for the customers and strengthen the business in the region.”

According to a recent TechSci report the authentication market in India will surpass $3 billion by 2020. At the same time India has amongst the highest adoption rates in using mobile as the preferred banking channel reaching about 60-70 % of total banking transactions, reports KPMG in its Global Mobile Banking Report. KPMG warns banks that do not have clear mobile banking strategies that they might lose customers on the short-term. Indian banks need to stay ahead of trends, offering their customers a friction-free mobile banking experience, while not giving in on security. VASCO has the full suite of integrated solutions which enables financial institutions and enterprises to provide user convenience with uncompromised security.