Finacle and Samsung SDS to Deliver ‘Frictionless’ Mobile Banking Experiences

Technology partners sign agreement to deliver enhanced payments and user experiences for mobile device users

Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), and Samsung SDS, a global ICT service provider, today announced a global partnership that will provide end customers with a more secure, fast and convenient way to use mobile banking and payment services.

Mobility is a key innovation area for financial services, but it also plays a fundamental part in enabling and retaining end customers in today’s changing banking environment. This partnership offers financial services customers a seamless user experience and hassle-free access without lengthy authentication processes.

This will be achieved using device agnostic Samsung SDS FIDO Authentication, allowing banking and mobile payments customers to use select OEM’s (Original Equipment Manufacturers) and the hand-held device of their choice. Device-optimized authentication for mobile payments helps banking services meet the user experience expectations of younger millennial customers – an expectation of immediate, seamless app-driven services. It will also help to advance and simplify micro payments and enable financial inclusion in developing markets where mobile devices are the dominant form of internet access.

Samsung SDS FIDO is built on Fast IDentity Online (FIDO) specifications which is the de facto standard for simpler and stronger authentication by using user’s biometrics information and PKI (Public Key Infrastructure) technology to store critical user information in mobile and server respectively. Users can scan their fingerprint, use facial recognition or other biometric authenticators such as voice and iris detection to complete a payment or transaction in a secure and frictionless way. This can replace traditional authentication methods such as the entry of a user ID, password or transaction authentication number (TAN).

This partnership comes further to the recent announcement of a partnership between Infosys Finacle and Onegini towards enabling secure mobile banking through advanced biometrics and multi-factor authentication.

Quotes:
Andy Dey, President – Customer & Operations, EdgeVerve
“Customers are becoming far more accustomed to accessing and spending their money via mobile. As such, financial services providers should be empowered with mobile solutions where they never have to choose between providing a good user experience and robust security. We want to enable banking without passwords wherein people can authenticate transactions by using flexible biometric options such as facial recognition and fingerprints. Our partnership with Samsung SDS achieves exactly this kind of friction-less banking, allowing greater customer retention, engagement and loyalty.”

Ho Kim, Head – Advanced Mobile Solution Business, Samsung SDS
“In addition to our recent deployment in the financial sector including Samsung Pay, we are pleased to partner with EdgeVerve to provide our FIDO solution to global banking customers. User authentication and mobile security is gaining more significance in this era of digital banking and Samsung SDS’ standard based biometrics solution ensures simpler and secure user authentication to bring enhanced user experience to our customers. Samsung SDS will continue its innovation to bring Samsung’s technology into the future digital banking.”

Otis Elevator and UTC Expand Relationship with Microsoft to Develop State-of-the-Art Digital Solutions

Otis to Use Microsoft Products to Transform World’s Largest Elevator Service Network

Otis Elevator Company and its parent company, United Technologies Corp. (NYSE: UTX), are exploring opportunities with Microsoft Corp. for a strategic alliance to accelerate development of digital solutions for smart building equipment, such as elevators, to improve energy efficiency and make people more productive. The alliance has potential to use Microsoft technology to extend the benefits of connectivity and remote monitoring.

Otis, the world’s leading elevator manufacturer and service provider, has already expanded its relationship with Microsoft to develop state-of-the art connectivity and analytics solutions that will transform one of the world’s largest and most sophisticated equipment service networks.

With nearly 2 million units under contract and more than 30,000 mechanics spending approximately 60 million hours servicing elevator and escalator equipment annually, Otis is transforming elevator service by applying new digital tools to better serve and connect with customers. Utilizing Microsoft technology, Otis will expand use of the Microsoft cloud (Microsoft Azure IoT Suite), Customer Relationship Management system (Microsoft Dynamics CRM) and stream analytics (Cortana Intelligence Suite), using big data to drive condition based monitoring and maintenance.

“Working with industry leaders like Microsoft to transform our service business strategy allows Otis to be among the first to use digital tools to deliver increased customer value and enhanced service efficiency globally,” said Otis President Philippe Delpech. “We invented this industry more than 160 years ago with safety hardware innovation. Today Otis transports over 2 billion people every day. To better serve them, we are focused on transforming the servicing and reliability of equipment through innovation with new digital tools and enhanced connectivity.”

Working with Microsoft, Otis will accelerate efforts underway across the organization to expand the use of internal productivity apps being developed by field teams around the world and the use of a powerful global CRM system that will link operations in the more than 200 countries and territories that Otis offers its products and services. This significant Otis deployment of Microsoft Dynamics CRM will offer a comprehensive cloud-based solution to enhance the customer experience and accelerate business productivity.

“United Technologies is at the forefront of an essential shift, using technology to make buildings and transportation function more efficiently and move the world forward,” said Tito Arciniega, ‎vice president, Worldwide Industry and Global Accounts, Microsoft.

The companies bring best in class equipment and productivity software together aiming to transform the way people live, work and interact with industrial and commercial buildings to improve people’s productivity, safety and comfort, while ultimately enabling smarter, greener cities.

AT&T and Otis Collaborate on IoT Solutions

Enhance Connectivity of Next Generation Elevators and World’s Largest Elevator Service Network

Today AT&T (NYSE:T) and Otis Elevator Company, a unit of United Technologies Corp. (NYSE:UTX), announced they are collaborating on opportunities to enhance connectivity through the use of Internet of Things (IoT) products – services and technologies that employ digital technologies to better connect with customers and with elevator, escalator and moving walkway equipment.

As part of this collaboration, AT&T* and Otis Elevator Company (Otis) are expanding their long-standing relationship to develop the connectivity to support advanced elevators while also providing mobility to more than 30,000 service employees at Otis companies worldwide.

Otis companies around the world will use AT&T IoT technology to aggregate data from cell networks and connect to a new enhanced cloud environment. AT&T’s Global SIM card and IoT Services, such as Control Center, M2X and Flow Designer, will also allow Otis to access real-time equipment performance data. In addition, AT&T will serve as the primary mobility provider for Otis field operations.

This collaboration is one example of how AT&T and United Technologies are exploring ways to harness the power of digital technologies and communications networks to improve performance, lower costs and deliver better results for customers in building systems and aerospace.

“We strongly believe that a new generation of elevators will be defined by new digital tools that better connect our people with our customers – and our customers with their equipment,” said Otis President Philippe Delpech. “We will also develop new responsive service solutions that give Otis employees more autonomy and Otis customers more control over their equipment and buildings by leveraging the AT&T IoT technology to harness data generated by the nearly 2 million elevators currently under Otis service contract transporting over 2 billion people per day.”

For more than 15 years, Otis has used AT&T Network Services in its commercial business. This agreement will provide new mobility tools that put more information in the hands of Otis’ customer-facing employees and provide Otis customers enhanced efficiency, communication and flexibility.

Experts at AT&T will help Otis accelerate efforts to create buildings with more seamless security and transportation systems that are invisible to the tenant or resident and are more efficient and reduce building energy use.

“We’re seeing more global businesses use IoT technologies to take their business to the next level. They’re extracting actionable information from their machines, equipment, factories, fleet vehicles and more,” said Chris Penrose, senior vice president, IoT Solutions, AT&T. “The fact that Otis is extending their relationship with AT&T to include IoT services shows they’re innovative thinkers. They understand how it can change the way they operate and interact with their customers.”

To learn more about IoT’s potential to transform business, visit www.att.com/iot and download the AT&T IoT Insights Report here.

For more information on UTC Products, visit http://www.utc.com.

For more information on Otis elevators, visit http://www.otisworldwide.com.

*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

JSW Cement Launches 2nd Campaign talks about Durability & Strength

JSW Cement Ltd, part of the $11 billion JSW Group with interests in Cement, Steel & Energy has launched its 2nd TVC focusing on how time strengthens relations in life and the thought that goes behind using the product which ensures durability when used. The principal concept of the campaign captures how JSW Portland Slag Cement takes a little more time to set but gives your house a lifetime of strength.

The commercial focuses on the generations in a family building their relations with each other and staying strong just like JSW Cement. But isn’t it true that with time our relationships with our family members grows stronger anything made with patience, love and care lasts forever? Time is one of the key elements of this JSW Cement brand campaign.

Mr. Rahul Akkara, Vice President Strategy & Brand, JSW Cement “We have 3rd Party test reports to claim that our strength grows over PPC and OPC cement over a period of time. The new ads from JSW cement look at how strength grows over a period of time. Through the communication piece we are not only talking about increased strength over a period of time but we are also extending the usage of our products to applications such as beams, columns , slabs and roof .The new ad campaign developed by Ogilvy takes the route of relationships and shows how like the strength of PSC cement , relationships too grow with times”

Ogilvy’s Senior Creative Director, Ramakrishnan Hariharan says, “It’s always a pleasure to work with clients who trust our work and thinking. After an Effie-winning performance with last year’s debut campaign for JSW cement, it was imperative for our team to keep the brand love going with scripts that hit the sweet spot. With Vishwesh’s keen sense of direction, I think we have pulled it off pretty well. Hope it connects with the audience just like it did last year.”

Viswesh Krishanamoorthy, film director with Corcoise Films adds fondly ‘This story has special significance since I am the youngest in my family and I could relate to the scripts. It was a well written story that we had a great time putting together as a film. To watch decades go by in a few days of shoot is a load of fun.”

N Rammoorthi, Ogilvy and Mather, Managing Partner – Mumbai and Kolkata says ‘strength is a category benefit. But our brand’s competitive advantage – strength that grows with time demanded a more dynamic conversation. To tell this story, we found a perfect fit in the context of relationships is equally dynamic – it’s not static but something that evolves and grows with time.’

News Corp VCCircle Southern Startup Series 2016 to explore ways for Startups to ‘Conserve and Grow’

In the backdrop of funding slowdown, the two day event will facilitate high level discussions and also feature interactions with Venture Capitalists through Walkabouts; a Startup fair and a Startup Showcase for aspiring entrepreneurs to make an elevator pitch

The VCCircle Network, India’s leading publisher of startup and private equity news, data and information, and an integral part of global diversified media, news, education and information services group, News Corp, has today announced that the Bengaluru edition of News Corp VCCircle Southern Startup Series 2016, described as the largest startup event in India, will be held on 27th -28th April.

This event comes on the back of the release of News Corp VCCEdge Quarterly Deals Report for CY2016, which observed a drastic 80% fall in value terms for venture capital funding deals in Q1 CY2016 when compared to corresponding quarter in the previous year, while private equity inflows were lower by 48.8% registering a fall from $4.5 billion in Q1 of 2015 to $2.3 billion in the first three months of 2016. News Corp VCCEdge is India’s largest and most sought after financial data and research platform.

With the theme of ‘Conserve and Grow, or Perish’, this edition aims to enable startups come to terms with the transition from an easy-money phase to a phase of constrained supply of capital. The event would also explore ways for startups to capitalize on the expertise and resources of their investors besides enhancing operational efficiency by winning and retaining customers without burning too much capital.

The event kicks off on 27th April with Startup Walkabouts – a guided tour of Bengaluru’s top venture capital funds such as Kalaari Capital Advisors, Prime Venture Partners and Microsoft Ventures and a leading startup – InMobi – a mobile advertisement and discovery platform. Registered participants get to visit the respective offices and interact with the top management and get insights into how they function.

On 28th April, Park Plaza Bengaluru Hotel would be the venue for the Startup Fair where startups, technology and business service providers get a chance to market and grow their business. Six high-level panels on subjects such as identifying growth models for startups; mapping the role of investors; social entrepreneurship; the prospect of women entrepreneurs leading India’s next unicorns; customer acquisition and retention, and nurturing and retaining talent in a constrained funding environment would see participation of some of the biggest names from India’s startup ecosystem including:

· Kris Gopalakrishnan, Co-founder, Infosys; Chairman Axilor Ventures; Chairman, CII Council on Startups

· Sudhir Sethi, Founder, Chairman & Managing Director, IDG Ventures

· Rajesh Raju, Managing Director, Kaalari Capital

· Meena Ganesh, Co-Founder, MD & CEO, Portea Medical & Partner – GrowthStory

· Alok Goel , Managing Director, SAIF Partners

· Roopa Ambekar, Founder, Managing Director, Uber Medspa & Style Lounge

· Karthik Reddy, Co-founder & Managing Director, Blume Ventures

· Ajay Nair, CAO, Housing.com

· Anu Sridharan, Co-founder & CEO, NextDrop

The key highlight of the event is a fireside chat with Vijay Shekhar Sharma, Founder & CEO, Paytm interviewed by Raju Narisetti, Senior Vice President, Strategy, News Corp.

The event will culminate with Showcase, a curated platform for innovative early stage and pre-revenue startups to make an elevator pitch to a select jury of angel investors and venture capitalists comprising Bharati Jacob, Founder Partner, Seedfund, Suresh Shanmugham, Managing Partner, Saama Capital and Siddhartha Das, General Partner, Ventureast.

Speaking about the significance of the event, Nita Kapoor, Head – India, New Ventures, News Corp and CEO, The VCCircle Network said, “The Bengaluru edition of the startup event will provide a comprehensive insight into the startup ecosystem bringing together cutting-edge and disruptive early-stage startups, incubators, accelerators and mentors, along with many of India’s most active VC/PE funds. Our VCCEdge data reveals that there has been a marked 50% drop in new funding with voices hinting at potential consolidation in the Indian consumer internet space growing shriller by the day. This, perforce, is making startups cut costs by shrinking footprint and staff. Therefore, the idea of organising this event is to enable startups to deal with this changing paradigm effectively.”

UBM India’s Child, Baby and Maternity Expo India opens its 4th edition today

An industry congregation of over 100 exhibitors and 300 Indian and global brands

CBME India 2016, the three day (20th – 22nd April 2016) trade show hosted by UBM India, commenced today at Bombay Convention and Exhibition Centre, Mumbai. The event was inaugurated by Chief Guest Smt. Poonam Mahajan, Member of Parliament; Guest of Honour Smt. Snehal Ambekar, Mayor of Mumbai; Special Guest Dr. Nandita Palshetkar, President, Mumbai Obstetrics & Gynecological Society and Mr. Yogesh Mudras, Managing Director, UBM India amidst an august industry gathering. The show brought together global suppliers and manufacturers of child, baby and maternity products and services under one roof.

UBM India’s Child, Baby and Maternity Expo India opens its 4th edition today

Chief Guest Smt. Poonam Mahajan highlighted that events like CBME India help in creating awareness which is the need of the hour. She also emphasized that she would take this initiative further with the Government as companies exhibited products which were in line with the ‘Make in India’ campaign, as stated on the sidelines of CBME India 2016.

CBME India 2016 in its fourth year, is India’s one of a kind B2B exhibition with over 100 exhibitors and 300 Indian and global brands. The expo intends to provide an unrivalled business opportunity to Indian and global manufacturers and providers of child, baby and maternity products and services, providing access to thousands of retailers, wholesalers, distributors, investor, importers, franchisee market and educational institutions. The event is supported by All India Association of Industries.

The companies participating this year are key world-renowned brands like J L Morrison, Mother Care, Piramal, Me and Moms Pvt Ltd, Little’s (India), Bonny Products, TOONZ Retail, Chicco, Lovi, Smitten Baby, Farlin, Gemini Lifestyle Private Ltd, Posh Baby and Kids India, R for Rabbit Baby Products Pvt Ltd, Momzjoy and Royal Brushes Ltd amongst others providing a wide spectrum of quality international products and technology.

Speaking on the inaugural, Mr. Yogesh Mudras, Managing Director, UBM India said, “The children and baby care products market has emerged as one of the most lucrative markets in India over a period of time. Continuous innovation and development of brands and increase in investments from both domestic and International have contributed to the growth of this industry in the recent years making India a worthwhile market for such products amongst the other emerging nations. The kind of industry response we at UBM India have received towards CBME India 2016 further validates the potential of this industry. This year too, we are glad to showcase over 300 Indian and global brands providing you access to further your business.”

This year’s edition includes the launch of Cool Kids Fashion India, a first of its kind event which highlights premium kids fashion from both well-known & emerging designers, brands and manufacturers. A signature affair to position India on the map of the kids fashion industry, Cool Kids Fashion India includes a complete overview of children’s clothing and accessories and showcases various features such as Premium Exhibition, A Fashion Design contest for kids, trend forum launch pad, Kids fashion gallery and workshops on merchandising and styling. The expo also presents an Innovative Product Corner (IPC) wherein CBME India will recognise design excellence and innovation from the participating exhibitors at IPC with an Innovative Product Award.

Like every year, the expo has a series of panel discussions and knowledge sessions with speakers from renowned retail and e-commerce companies such as J L Morison (India) Ltd., Wazir Advisor; Being Human, Tommy Hilfiger, Supplified.com; Apples eyes; Deal jeans; The Children’s Palace, Pepe, SafetyKart.com, Musafir.com and YoStartups.com amongst others. The first day witnessed a panel discussion that included topics such as ‘How can brands and SMEs successfully leverage the E-commerce Business Opportunity and Operational Excellence and Driving Efficiencies in Supply Chain – Way ahead. Whereas, the second day will witness seminars that will discuss the following themes – ‘Indian kids’ wear market: Global brands fill in the gap, Luxe & designer kids’ wear: Is it just the tip of the iceberg?’

Essel Infraprojects wins globally recognized Golden Peacock award for Innovative Service

Secures the award for Intelligent Grid & Smart Metering Solutions for power distribution service

Use of smart metering and intelligent grid solutions reduce Commercial & Technical losses from 65% to 8%

Effective use of technology resulting in providing reliable power supply & accurate billing for consumers

Essel Infraprojects Limited has been conferred with the Golden Peacock Innovative product /service award 2016 for providing smart value and efficiency to consumers.

The Golden Peacock Awards ceremony was held in Dubai (UAE) in the presence of distinguished business leaders, academics, boardroom professionals and policy makers. The theme for the 26th World Congress was ‘Leadership for Business Excellence & Innovation’.

Essel Infraprojects was recognized for effectively deploying technology to bring social and economic transformation by implementing Intelligent Grid with Smart Metering Solutions. The initiative reduced the commercial & technical losses from 65 % to 8 % and at the same time provided reliable power supply and accurate billing to consumers.

His Highness Sheikh Nahyan bin Mubarak Al Nahyan, Hon’ble Cabinet Minister of Culture & Knowledge Development, Govt. of UAE was the Chief Guest at the award ceremony. The awards were selected under the chairmanship of Justice M.N. Venkatachaliah, former Chief Justice, Supreme Court of India.

Essel Infraprojects wins globally recognized Golden Peacock award for Innovative Service

CEO Ashok Agarwal, Essel Infraprojects, on receiving the award said, “We are highly focused and committed to offer innovative, economical and sustainable technology to our consumers and bring social and economic improvement in the quality of lives of our people. We are delighted with the recognition bestowed by the Golden Peacock, which endorses our efforts”.

Mr. Agarwal further said, “The intelligent grid infrastructure is connected on the internet which allows real time monitoring of the grid & installation of smart meters helps consumers aware of their energy consumption in real time making win-win situation for both.

The company used smart metering and intelligent grid solutions for Essel Vidyut Vitaran (Muzaffarpur) Pvt Ltd which manages power distribution franchise for Muzaffarpur City, Bihar. The model helped to reduce Aggregate Technical and Commercial (AT&C) losses and improve the reliability of power supply.

This pilot project is successful and commercially viable as it’s a low cost technology model and has regulatory approval. Going forward smart meter / prepaid meter can be easily implemented in other progressive states. Using over the top (OTT) device solution will convert existing meters into smart meters.