Nucleus Software Q4 FY 2019 revenue up by 14%, net profit after tax reports slight dip

Banking services and solutions provider Nucleus Software reported a consolidated revenue of Rs 127 crore in the fourth quarter of FY 2019, compared to the Rs 111 crore it generated in the corresponding quarter of the previous year. This is also higher than the Rs 123 crore it posted three months ago and the Rs […]

TeamLease acquires Hyderabad-based IT staffing business

Recruitment firm TeamLease Services Ltd said it entered into an agreement with HR services company E Centric Solutions Private Ltd to acquire its IT staffing business. Incorporated in 2014, Hyderabad-based E Centric currently has over 100 core employees, 880 associates deployed across more than 20 clients. It reported a revenue of over Rs 45 crore […]

Subex ties up with Telefonica for cybersecurity venture

Telecom Analytics Solutions provider Subex Limited said that it has partnered Spanish multinational telecommunications company Telefonica on a new cybersecurity venture focussed on Internet of Things (IoT) security. IoT security refers to safeguarding connected devices and networks in the Internet of Things (IoT). IoT involves adding internet connectivity to devices and machines and animals to […]

TCS wins deal to provide digital infrastructure to UK insurer Ageas

IT firm Tata Consultancy Services (TCS) said it has been selected by one of the largest insurers in the United Kingdom, Ageas UK, to transform its digital infrastructure. Headquartered in Brussels, Ageas is Belgium’s largest insurer and operates in 14 countries worldwide. As per the deal, TCS will help Ageas UK to consolidate data centres, […]

TCS Deploys Core Banking Software At ChinaTrust Commercial Bank In Taiwan

IT firm Tata Consultancy Services (TCS) said that it has deployed its core banking product TCS BaNCS at ChinaTrust Commercial Bank (CTBC) in Taiwan. BaNCS is TCS’ main product for banks, and offers various solutions for core banking, internet banking, treasury, wealth management, mobile banking and insurance. “We chose TCS BaNCS as our preferred solution […]

TCS deploys Core Banking Software at National Bank of Bahrain

IT firm Tata Consultancy Services (TCS) said that it has deployed core banking software TCS BaNCS at National Bank of Bahrain (NBB). BaNCS is TCS’ main product for banks, and offers various solutions for core banking, internet banking, treasury, wealth management, mobile banking and insurance. BaNCS will standardise and streamline NBB’s operations across multiple countries, […]

Reliance Jio acquires AI start-up for Rs 700 cr

Reliance Industries said it has agreed to acquire 87% of Mumbai-based artificial intelligence company Haptik Infotech for Rs 700 cr, including an initial payment of Rs 230 cr. Reliance Industries said the technology will be used to bring artificial intelligence-based offerings on Reliance Jio, the telecom and digital arm of the group. “This strategic investment […]

TCS deploys core banking software at Harbin Bank, China

IT firm Tata Consultancy Services (TCS) reported it has deployed core banking software TCS BaNCS at China-headquartered commercial bank Harbin. BaNCS is TCS’ main product for banks, and offers various solutions for core banking, internet banking, treasury, wealth management, mobile banking and insurance. The TCS BaNCS solution is now being used for deposits, cards, channels, […]

Intellect Design Arena signs multi-million deal with a leading North American bank

Software company Intellect Design Arena reported that it has secured a ‘large, multi-million’ deal from one of the top 20 banks in North America. The deal is significant to Intellect Design as it is the highest ever deal won by the company. Intellect Design’s will provide its cash management platform, CBX 18 software, to the […]

Infosys to acquire ABN AMRO’s mortgage services unit

Bengaluru-based IT services firm Infosys said it will take over the mortgage administration services unit of ABN AMRO, based in Amsterdam, Netherlands. Infosys will acquire a 75% of the shareholding in Stater, while the remaining stake will continue to be with ABN AMRO. Financial details of the deal were not disclosed. Stater offers pure-play, end-to-end […]

Aurionpro bags Rs 20 crore order from Singapore bank

Software company Aurionpro Solutions Ltd said it received contract worth Rs 20 crore from ‘one of the leading banks in Singapore, having significant operations in South-East Asia’. Integro Solutions, the Singapore-headquartered wholly-owned subsidiary of Aurionpro, bagged a contract for the implementation of the company’s REACH CLIMS loan origination platform across the bank’s network in more […]

Xiaomi launches Mi Pay wallet in India with ICICI Bank

India’s largest smartphone maker Xiaomi has launched Mi Pay, its payment service, in India, marking the first time the service has been expanded beyond its home market of China. The company will use the National Payment Corporation of India’s UPI and Bharat Bill payment network for its core functionality. The company has tied up with […]

Wipro opens IoT research centre in Kochi campus

IT major Wipro Limited has launched a Industrial Internet of Things (IIoT) centre in Kochi, its third, after Mountain View and Bangalore. Industrial Internet of Things refers to the concept of extending internet connectivity beyond conventional computing platforms such as personal computers and mobile phones into various non-internet enabled physical devices. Embedded with electronics, internet […]

Wipro Gallagher offers new version of loan origination platform

Financial software provider Wipro Gallagher, a unit of Wipro Ltd, launched the latest version of its loan origination software, NetOxygen. The new version offers more control to lenders and better streamlining, the Indian company said. Version 6.0 also offers a web-based dashboard, designed to provide updates on the loan status. The new version also aims […]

Ramco Systems’s payroll solution wins new client in Australia

Cloud-based software firm Ramco Systems said it received an order from Australia-based property management company Opteon Solutions for its payroll management software. Ramco will implement its Single Touch Payroll software which will streamline functions such as calculation of salary, increments and incentives, retroactive pay, country-specific statutory compliance, as well as tax reporting. The software features […]

PWD starts installing CCTV surveillance cameras in Delhi

The Public Works Department will set up a network of closed circuit cameras in Delhi by September. The contract for the project has been awarded to Bharat Electronics Ltd or BEL, which has in turn contracted Mumbai-based Aurionpro Solutions Ltd for the installation and maintenance of the surveillance system. “Aurionpro shall supply and install cameras […]