Wednesday, January 21, 2015

EY & CustomerXPs form Alliance to Help Banks Fight Enterprise Fraud Risks

EY, a global leader in assurance, tax, transaction and advisory services and CustomerXPs, a leading provider of real-time multi-channel enterprise fraud management products, today announced a new alliance to assist companies with the detection, prevention and management of fraudulent transactions and activities across multiple business lines within the banking industry.

This strategic alliance brings the forensic expertise of EY’s Fraud Investigation and Dispute Services (FIDS) practice supplementing the cross-channel/cross-product fraud management solutions of CustomerXPs ‘Clari5 Enterprise Fraud Management’ to deliver optimum solutions to clients. This collaborative approach will equip banks with a real-time 360 degree view of their customers, employees, branches and external entities, using transactions and activities done across business lines and channels. It will also mitigate risks related to fraud such as internal fraud, identity theft, account takeover, credit card fraud, fraudulent transactions around card not present (CNP), mass compromise etc.

Mukul Shrivastava, Partner, Fraud Investigation & Dispute Services said, “Today, fraud risks are inescapable. The banking ecosystem too is faced with many challenges around this global hazard, making it germane to fortify their internal controls for enhanced efficiencies. The extensive domain knowledge and credentials of our forensic team, coupled with the technological prowess of CustomerXPs’ innovative solutions, gives us a unique edge to help banks safeguard their business.

Rivi Varghese, Founder and CEO of CustomerXPs said “Banks, unlike other industries, have access to much richer collective intelligence about customers, but unfortunately these are hidden in separate silos – and used by legacy silo based fraud solutions. We are happy to see that leading banks are now going away from this legacy silo based approach and subscribing to our real-time cross-channel approach to enterprise fraud management. Today we have all the major banks across all segments as our customers. The partnership with EY is a step toward our vision of creating an extended fraud network

The combined capabilities of EY Fraud Investigation & Dispute Services and CustomerXPs can enable banks to:

* Gather and prioritize requirements related to Fraud Management and Anti-Money Laundering, project management services for solution implementation, define and refine scenarios and extent of business coverage

* Re-align their organization structure and refine internal processes and policies to be aligned with the enterprise level approach toward fraud management, while benchmarking the same with other global and Indian banks.

·* Break the traditional approach of silo based fraud monitoring by providing real-time, actionable insights into data collected from various business systems, channels and products

* Leverage intelligent models based on neural network, time series and complex analytics to deliver insights

“Fraudsters have been exploiting the potential lack of coordinated and timely response by banks to single channel or multi-channel fraud schemes. Traditional systems and frameworks were designed to address specific fraud risks, products or delivery channels. As the need to connect these silos becomes more relevant today, a more strategic and enterprise-wide approach is needed. This is where the combination of EY FIDS knowledge and experience along with CustomerXPs’ software solution will provide our clients a unique edge over fraudsters.” says Amit Jaju, Director – Forensic Technology & Discovery Services at EY.

Monday, January 19, 2015

IEEE & IEEMA To Host INTELECT During Jan 22-24 At Mumbai

IEEE, in collaboration with the Indian Electrical & Electronics Manufactures’ Association (IEEMA), will co-host INTELECT, the conference and exposition on the efficient consumption of electricity from January 22 – 24, 2015 at the Bombay Exhibition Centre in Mumbai, India. This event, which will focus on the integration of telecommunication and the design of energy networks, is being organized by the IEEE Power Energy Society, IEEE Computer Society and the IEEE Communications Society in association with IEEMA.

Telecom and IT form the backbone of the future Smart Cities of India. Digital India is not a distant dream anymore, given the vivid roadmap laid down by the Ministry of Communications & Information Technology. IEEMA and IEEE are organizing INTELECT 2015, which aims to showcase the IT and relative infrastructure sectors for creating Smart Cities in the country. Today, India is one of the fastest growing telecom markets in the world. INTELECT is being launched when there is an unprecedented increase in tele-density and a sharp decline in tariffs in the Indian telecom sector, contributing significantly to the country’s economic growth. Besides contributing to about 3% of India’s GDP, Telecommunications, along with Information Technology, has greatly accelerated the growth of the economic and social sectors.

Commenting on these requirements, Mr. Patrick Ryan, Executive Director, IEEE Power & Energy Society, emphasized,emphasized, “The combination of digital economy strategies and energy production and distribution policies with the smart grid and electrification of transport, can be a compelling driver of the triple bottom line of sustainability with economic, environmental, and social benefits. These three factors are inter linked and necessary to ensure the success of energy efficient telecom.”

Ajit Singh Chauhan, Vice President, IEEEMA, said, “The importance of a technology as important as telecommunication will only grow and with very rapid strides. It is the pivot of every transacting and communication process and hence it is imperative to ensure that this vital technology is made both efficient and sustainable.”

Mphasis & Aureus Tie Up for Big Data Analytics Solutions

Mphasis, a leading IT services provider, today announced its partnership with Aureus Analytics to bring advanced predictive analytics and big data solutions to insurance and banking players. Under the partnership, Aureus’ comprehensive big data and analytics capabilities will complement Mphasis’ established customer base in Insurance and Banking space thus creating a huge potential for value add to end customers.

The new solutions will focus on Customer Management, Risk and Operations and boost efficiencies by rapidly unifying data, construct complex analytics and manage business critical issues to make the right decision. The problem specific products and Big Data-ready platform will support speedy insights at the point of decision by leveraging massive internal and external data sets.

The banking and insurance industries are embarking on a multichannel customer experience transformation globally. The collaboration will allow tracking starting with Business Key Performance Indicators (KPIs) all the way to operational and Information Technology KPIs. By bringing analytics where they are needed the most, Mphasis, together with Aureus Analytics will help revolutionize the industry and deliver better service to customers and better results to companies.

“Mphasis’ grip in the Indian insurance market is quite strong. Our strong reach coupled with Aureus’ innovative Big Data driven predictive analytics solutions will make outcome based business models a reality. With this partnership we look at driving a culture of data driven decision making because of timely availability of information to people who make decisions or interact with customers” says, Elango R Chief Human Resources Officer and Head Emerging Geographies Business Unit, Mphasis.

“The impact of Big Data analytics is significantly higher if made available at the point of decision. Our aim is to make this possible and bring the power into the hands of business users in an easy and seamless manner over the cloud. Our products and platform will support Mphasis by bringing efficiency, reliability and predictability of outcomes. The partnership will further strengthen its customers’ experiences thus increasing the rate of customer acquisition, retention and operations.” said Ashish Tanna, COO and Co-Founder at Aureus Analytics

Aureus Analytics has a Big Data-ready platform called Aureus Statistical Analytics Platform (ASAP) and a suite of industry and problem specific predictive analytics products - Aureus Persistency Analytics (AUPERA) and Aureus Customer Analytics (AUCUA). Its solutions bring power to the decision makers and practitioners by enabling analytics at the point of decision.

Aureus Analytics bridges the interpretation gap between multi-dimensional data and actionable insights to help businesses leverage the power of its most important asset- their Data. Aureus brings together the four essential pillars that are required for a successful Big Data Analytics solution – Deep Domain Skills, Big Data Capabilities, Data Sciences skills and Analytics expertise.

With Mphasis’ customer base spread across the globe, this partnership will deliver solutions that will catalyze quick decision making, reduce operational inefficiencies and boost bottom lines for all insurance players.

Telangana & NASSCOM to Host WCIT 2018 at Hyderabad

The National Association of Software and Services Companies (NASSCOM) has announced that the Government of Telangana and NASSCOM have jointly selected Hyderabad to host the World Congress on Information Technology (WCIT) in the year 2018. This is the first time that the prestigious global event will be held in India. WCIT will present a great opportunity to position Hyderabad as a global platform for trade and investments from organizations across the world.

Contribution of Indian IT-BPM industry in the global arena:

* 16000 world’s largest number of IT-BPM firms in India

* 55 % share in the global sourcing market

*  7.5% contribution to the GDP of the country

*  ~10 million employed by the sector

*  Revenue contribution USD 118 billion (nearly 73% exports)

The WCIT will bring together world’s leading thought leaders, including business delegations from amongst the 80 countries that WITSA represents globally. The representatives include companies keen to do business in India, along with government functionaries and innovation driven academia. WCIT will additionally provide the State an ideal audience including global decision makers who would be participating at the event and making relevant trade and investment decisions.

NASSCOM has also sought support from the government of India and we are hopeful that they will join hands with us in hosting this event.

Sharing his views on the development, R Chandrashekhar, President, NASSCOM, said, “We are extremely proud to have the opportunity to Co-Host WCIT 2018 along with the Government of Telangana. Hyderabad has been the pioneer of the illustrious ICT success journey of India. Over the years, Hyderabad has established itself as one of the most attractive investment destination for the ITeS sector and has created quantifiable economic impact for the country. With the WCIT 2018, we aim to focus on digital empowerment to define new paradigms for emerging verticals and build a conducive ecosystem for growth.’

Expressing his views KT Rama Rao, Minister for IT, Government of Telangana said, “India has made a mark globally and the Indian ITeS industry has helped it create a niche for itself on the global landscape. The WCIT will add another illustrious milestone to this journey. We are thankful to NASSCOM to bring WCIT to India and select Hyderabad to host this prestigious confluence of global technology leaders. We consider Telangana as the ‘Start-up’ State of India, as we are the youngest state, but we  assures complete cooperation and commitment to make this a successful event. We are sure that WCIT will help the world, view Telangana and Hyderabad from a new perspective. “

Hyderabad will showcase some of the important achievements in the field of technology, and infrastructure and the State’s openness and transparency of doing business on a global platform. Quantitatively, as seen from the key deliverables achieved from previous WCIT’s, a direct ramification for Hyderabad will be the ability to generate employment and millions of USD through direct business opportunities and investment decisions. The WCIT will also lay a huge focus on organizing B2B business events with business delegations from across the world. On the innovation front, this will help attract VC funding and provide support for innovation driven early stage technology companies in the state.

WITSA is a consortium of over 80 ICT industry associations from economies around the world, representing more than 90 per cent of the international ICT market. WITSA is the global voice of the ICT industry and over the years NASSCOM has represented India at the WITSA. The WCIT 2018 will be an international high level congress that would bring together more than 50 exhibitors and up to 2,500 delegates from around 80 countries - such as Corporate leaders, Policymakers, Government officials and Academia Members to discuss emerging issues on ICTs, and address how legal, political, and economic trends affect business models.

Thursday, January 8, 2015

TRPs Race Comes in Focus at Global Communication Conference

The race for TRPs among some private television news channels has come into a sharp focus at the two-day conference of the Global Communication Association (GCA) that kicked off today.

Communication professionals from across the world gathered here for the conference with the theme of “Breaking Barriers – Creating new communication horizons”.

In his opening remarks, Prasar Bharati Chairman A Surya Prakash described the chase as more of “Blood Pressure Raising Points (BRPs)” as certain news channels keep having eight to panelists debating at the top of their voices. No other country in the world seems to have this kind of a Maara Maari on TV news channels, he said and called upon the viewers switch over to Doordarshan if they get fed up with the private channels. “We do not ape the west, we are very much Indian,” he remarked describing the ethos at Doordarshan.

Pointing out that mass media in general has been experiencing an exponential boom in the country, Mr Surya Prakash called for “our own solutions” to meet the challenges of growth.
Echoing the same sentiments, Karnataka Chief Minister Siddaramiah, who was the chief guest, said some electronic media channels appeared to be in a great race to meet deadlines. This was why, he said, sometimes the viewers might not see anything big in the so-called breaking news.

He suggested that steps should be taken to curb monopolies among media houses and even private treaties. The role of the Press Council should be redefined to cover TV news channels as well, he said.

He said he always stood for the freedom of the Press and constructive criticism.
Dr Vinod Nowal, Deputy Managing Director of JSW Steel Limited, who was the guest of honour, said there was a huge barrier between what people at the helm say and what they do. India needed to improve a lot on infrastructure allocation of natural resources if it has to emerge as the global manufacturing hub. He pointed out that the interest rates in the country are very high at 18% as compared to the developed countries which enjoy a rate of 3% to 4%.

In his keynote address, Mr Deepak Mukherji, Communication consultant and former director of corporate affairs at Shell India, dealt with challenges in breaking barriers of communication and said the professionals ought to differentiate between trustable and trustworthiness. “We all seem to be experts in publicizing promises and not what is delivered,” he said and called for an increased focus on the trustable element rather than talking about mere transparency among corporates.

Conference curator and organizing secretary Krishna B Mariyanka said the two-day event will focus discussions on Faltering Media social responsibilities, Communication CSR through media, news distribution in social media, communication for PPPs, sustainability communication, branding, new digital journalism, challenges in multi-cultural communication, political communication, digital privacy, healthcare communication, and so on.

Achievers in various sectors will be felicitated with the A.P. Chowdappa memorial award for excellence in communication at the end of the conference tomorrow evening.

Wednesday, January 7, 2015

Leverage ICT for Digital Transformation & Success of Make in India

To leverage the global competencies of the ICT sector and also enable the IT industry to map a sustained growth plan, The National Association of Software and Services Companies (NASSCOM), has shared its budget recommendations with the government. As part of the recommendations, NASSCOM highlights necessary aspects that can promote a healthy growth oriented business environment for existing players, innovation driven start-ups and SMEs.

The emergence of a rapidly growing ecosystem for innovation; driven by young, tech savvy entrepreneurs is a powerful new complement to the existing global reach of the industry. The SMEs and technology Start-ups need an environment of constant nurturing including access to funds, incentives to support operations and a simplified compliance framework. On the other hand large enterprises require stable policies and predictable regulations to continue its global journey.

While talking about the recommendations, R. Chandrashekhar, President, NASSCOM said “The Government has been progressive and has committed to adopt technology for governance. With enabling policies and speedy implementation, we can surely realize the Digital India vision. The success of the flagship initiatives of the government - Digital India and Make in India not only offer tremendous opportunities for the innovation driven technology Industry, but its success also hinges   on the sustainability and continued growth of the technology driven sector. Hence, factors that can potentially restrict growth and innovation needs to be addressed.”

Some of the salient recommendations by NASSCOM are:
* Addressing regulatory and tax challenges for technology start-ups and SMEs, like
* Difficulties in access to funding for low asset based firms
* Investor difficulties related to regulations and taxations discouraging investors
* Ambiguous Software product taxation and implementation issues adding to burden
* Incentives for technology start-ups and SMEs
* Extend provisions on deduction for employment and skill development (Section 80JJAA), R&D credits,
* Suggestions for new provisions like Offsetting manpower training cost, deferred tax  credits for start-ups
* Interest rates on penalty for service tax, for amount under litigation, should be rationalized. Rates introduced in the last budget are punitive @ 30%. NASSCOM acknowl­edges that companies who have collected service tax but not paid to the Government should be penalized and hence a 30% interest rate maybe applicable to such defaulters. For others, where there is a dispute over legal interpretation on applicability of service tax, a nominal rate of interest maybe notified
* To encourage growth of ecommerce, taxation on digital transactions should be in the least, at par with the physical world, if not reduced to facilitate adoption and migration to technology enabled platforms. This will help Government leverage the inherent transparency and traceability of online transactions
* Towards Make in India
* In recognition of the transformative impact of IT, extend incentives to the Indian Industry for adoption and implementation of IT tools for efficiency enhancement, ensuring sustainability and global competitiveness for the success of the Make in India program
* Revoke exclusion of expenses towards software tools for R&D from weighted deduction under the DSIR guidelines to encourage adoption of advanced R&D
* Policy revisions/ clarifications for expansion of the Industry
* Exports– Foreign Tax Credit policy, drawback scheme for Services, carry back­ward of business losses

* Domestic business – align royalty definition with international practices, clarify POPS rules, revisit

Tuesday, January 6, 2015

IEEE's First Blended Learning VLSI Program Now Available

IEEE announced the availability of the IEEE Blended Learning Program in Very Large Scale Integration (VLSI) for both corporate and academic organizations at the International Conference on VLSI Design, 2015 being held from Jan 3-7 in Bangalore, India. The IEEE Blended Learning Program in VLSI is a unique skills-development program that aims to increase the availability of skilled engineers in the rapidly growing Electronic System Design & Manufacturing (ESDM) sector in India.

IEEE Blended Learning Program (BLP) includes an e-Learning component to teach concepts in a highly engaging and interactive manner, an instructor-led lab component, an adaptive assessment at the end of each course, and content & performance analytics.  IEEE has partnered with RV-VLSI Design Center, an autonomous finishing school of the R.V. group of institutions that offers industry-centric advanced programs in VLSI. The key goals of the program are to complement the core curriculum in a university, build a foundation of VLSI concepts and practical skills, and help new and experienced employees at an organization become more productive in their specific areas of focus.

At the time of the launch of this program, two courses are available: RTL Verification using Verilog (advanced, domain-specific course) and Logic Design for VLSI Engineers (foundational course).  Courses covering timing analysis and RTL design are scheduled to be released in early 2015 and more courses covering topics in FPGA design, analog flow, custom layout, advanced verification techniques, and others will be made available throughout 2015.

The e-learning component of the course teaches concepts in an easy to understand manner,  includes practice in a simulation environment, and short quizzes to check understanding of concepts. The lab component, approximately 60-70% of the course duration, is offered in a workshop style manner with flexible timing and customization options. At the end of the course, learners take  an adaptive assessment designed to test their understanding of the course material. An IEEE certificate of completion is offered to each learner who completes the program successfully.

“The IEEE Blended Learning Program is very innovative and the topics covered were exceptional. The lab sessions were excellent and the instructors were engaging and provided accurate understanding of the concepts,’’ said Mr. Chetan, Assistant Professor, Department of Electrical and Electronics Engineering, CMRIT, Bangalore who participated in a faculty workshop organized by IEEE recently. ‘’I believe the program is definitely bridging the gap between academia and industry. I recommend IEEE Blended Learning Program to anyone who is interested in learning new concepts in the Semiconductor industry.”

The program is currently available in the Bangalore & neighbouring regions to undergraduate and graduate students in colleges and universities, faculty members, corporations, and recent graduates aspiring  to a career in the semiconductor industry.  IEEE is also planning to expand the program to other regions in India in the near future.  

Students currently pursuing undergraduate or post-graduate studies or recent graduates currently seeking employment in the ESDM sector can enroll into available courses by paying directly through the Blended Learning Platform. Various payment options including credit card (Visa or Mastercard), online net banking, and Challan payment using Cash, Demand Drafts, and NEFT through Corporation Bank and other major national and regional banks are available.