3i Infotech focuses its anti-money laundering solution 'AMLOCK' for the US market

3i Infotech Limited (BSE: 532628, NSE: 3IINFOTECH), a global Information Technology company, showcased its advanced Financial Crime Detection and Management Solution AMLOCK at the recently concluded ACAMS 7th Annual AML Risk Management Conference in New York. AMLOCK enables banks and financial institutions to proactively detect and manage potential money laundering activities. AMLOCK is an established global anti-money laundering (AML) Solution with over 100 installations across 35 countries.

AMLOCK is a purpose-built, end-to-end solution designed to stem the flow of illicit funds and meet the compliance requirements of increasing regulatory oversight. It offers comprehensive tools to efficiently manage customer due diligence, enhance compliance processes and seamlessly identify, assess customer risk.

Speaking on their AML offerings, Krish Narayanaswami, Global Business Head – Banking, 3i Infotech said, “We are proud to feature AMLOCK, our globally acclaimed & end-to-end financial crime detection and management solution at the ACAMS conference marking our foray into the US market”. Ravikanth Sama, Global Head – AML Practice, 3i Infotech said “AMLOCK leverages the latest technologies, smart graphical analytics and uses AI/ML models. It enables banks, insurance companies, security firms, non-banking financial institutions (NBFIs) and mobile wallet users to easily identify & monitor suspicious activity at both the transaction & customer levels.”

The key features of the AMLOCK include Know Your Customer (KYC) / Sanctions Screening, Customer Risk Rating, Transaction Monitoring, False Positive Manager, Case Management and Reporting & Analytics. It supports both on-premise and cloud-based deployment models. The offerings of the AMLOCK Suite include AMLOCK FCDMS, Financial Crime Detection and Management Solution, which provides end-to-end financial crime management for large enterprises; AMLOCK Lite, which caters to AML requirement of small and medium institutions; and AMLOCK Analytics that brings the latest dimension of Analytics & AI to uncover hidden AML patterns / risks.

Tata Motors Celebrates 10,000 Customers for its Flagship SUV- Harrier, Launches Dual Tone Color Options

Tata Motors has announced that it has crossed 10,000 customers for its flagship SUV- Harrier since its launch in January 2019. As part of the celebrations, the company launched dual tone colour options on the Harrier.

The dual tone options will be available in two colours Calisto Copper and Orcus White on top-of-the-line XZ variant. The stunning black contrast roof will further enhance the appeal for Harrier, which is already appreciated for its unmistakable road presence. The Harrier range starts at 12.99 Lakhs and the dual tone options will be priced at 16.76 Lakhs ex-showroom Delhi

Commenting on the introduction of the dual tone options, Mr. Sibendra Barman – Vice President, Sales Marketing and Customer Support, Passenger Vehicle Business Unit (PVBU), Tata Motors said, “Harrier has made waves in the market ever since it was showcased in the Auto Expo 2018 as the H5X concept and subsequently launched in January 2019. Overwhelmed by the response received, we are extremely delighted to offer the Harrier in dual tone color options. This is in line with our continuous endeavor to excite and wow our customers with cars that deliver stunning design and exhilarating performance. With the launch of the dual-tone color options, we are confident that Harrier’s desirability will rise further to a whole new level.”

Harrier, built on the OMEGARC derived from Land Rover's legendary D8 platform, is the perfect combination of stunning design and performance. Powered by cutting-edge Kryotec 2.0 Diesel engine and Advanced Terrain Response Modes, Harrier assures an exhilarating performance on the toughest of terrains.

The Cubbon Park police, in a submission to the court, had argued that the accused Balambal was not a resident of Tamil Nadu and if given bail, might stop co-operating with the investigation. The police had expressed their doubts that she could abscond if granted bail.

Manipal Swindling Case: NBW Issued Against Chennai-Based Woman Brother-in-Law of Main Accused Proclaimed Absconder

In the high-profile INR 70-crore Manipal swindling case, a trial court in Bangalore has issued a non-bailable warrant against accused number seven, a Chennai-based woman Balambal, after denying her anticipatory bail. Meanwhile, the court has also issuing a proclamation order against the brother-in-law of the main accused Sandeep Gururaj, Karthik Pandurangi, as an absconder as he is in Dubai. The prosecution had argued for proclaiming Pandurangi as an absconder.

Balambal has been accused of laundering over INR 2.54 crore of the money that had been siphoned off from Manipal’s accounts by the main accused Gururaj, the former finance head of the city-based Manipal Group. Gururaj had acted in cahoots with his wife Charusmita, and their associa te Amrita Chengappa and Amrita’s mother Meera.

The prosecution had submitted before the court that just before their arrest on December 23, Gururaj, the kingpin and accused number one and his wife who is accused number two, met Balambal and her husband Suhail in Chennai at a resort. They are well-connected in the corridors of power and had tried to avoid her arrest by exerting influence from a certain officer from Tamil Nadu on the local police, it has been reliably learnt.

Balambal, an MBA-Finance, was accused of working in connivance with other accused in managing trading in the commodities market by trading in natural gas with Gururaj and two other accused. She had traded for INR 2.54 crores in the market and had earned a profit of INR 13 lakhs from the activities.

Balambal had earlier approached the Madras High Court for anticipatory bail. An interstate anticipatory bail was then granted for a period of four weeks. The investigation had found that part of the over INR 2.54 crore was found in the account of the Kotak Securities account of the petitioner. 

Dineout Says #FearNoBill ft. Jim Sarbh with Restaurant Payment Solution Feature - Dineout Pay

Dineout – India’s largest dining out and restaurant tech solutions company, today launched its integrated digital video campaign #FearNoBill to promote its in-app payments feature – Dineout Pay. The video stars the eccentrically talented Bollywood actor, from Made in Heaven fame – Jim Sarbh. The launch campaign follows brand’s mission statement to the existing and potential customers about Dineout’s great promise towards ease in paying bills.

The campaign ‘Fear No Bill’ revolves around the metaphor – ‘Bill’ which is brought to life by Jim.  The film showcases how the glorious and powerful days of bill are over and he is now disturbed by the various Dineout Pay cashbacks and deals available on the app. These cashbacks has now become a source of pain for the Bill, as diners are no longer afraid of him digging a hole in their pockets. The film lives and dies on how compellingly the cashback scenario has been brought out, making Jim’s character more relatable for the audience.

India’s largest Dining out platform, Dineout enables foodies to go on a gastronomic journey through its various features like restaurant discovery, table reservations, offers and cashback earnings using the payments feature of the app - Dineout Pay.

Commenting at the launch of the new digital campaign, Mr. Ankit Mehrotra, Co-founder and CEO, Dineout said, “At Dineout, we have always ensured that our services cater to the evolving needs of our customers. We are very excited and optimistic to embark this partnership with Jim Sarbh for our campaign #FearNoBill, which is built on sharp consumer insights and their relationship with the product. The film breaks the clutter and meaningfully engages with the audience highlighting our philosophy. Jim's on-screen presence, quirky charm and acting skills mean that he’s perfect for the role of Bill and adds spark to the character who we’re supposed to empathize with and yet fear at the same time. We are confident that our audience will love this advertisement and we will see a tremendous organic boost by this campaign”.

Speaking on this association with Dineout, Jim Sarbh said, “I am glad to be a part of Dineout’s digital campaign #FearNoBill and thoroughly enjoyed my time shooting with the team. I loved the concept and especially liked working with the Director and the DoP, real funny and clear guys.  I guess the bill can be pretty scary. It is cool to see how Dineout, through its endeavors, is tackling that issue.”

Conceptualized by Animal the campaign aims to create awareness around the brand’s strong connect with the customers who are looking for great deals and offers on their bill. Commenting on the same Sayantan Choudhury, Senior Partner - Animal said, "The #FearNoBill concept is a call-to-arms—and the brand's mission statement—to existing and potential customers about Dineout's greatest promise: every time you go out to eat, we take care of the bill. So we thought of this character of 'bill' - a devilish, slightly psychotic person who is ranting at what Dineout has done to him. Thankfully, the folks over at Dineout loved the idea and gave us all the creative freedom to work on it. And then, of course, Jim Sabh did the rest."

3i Infotech Features AMLOCK - Flagship Anti-Money Laundering Solution in New York

3i Infotech Limited, a global Information Technology company, showcased its advanced Financial Crime Detection and Management Solution AMLOCK at the recently concluded ACAMS 7th Annual AML Risk Management Conference in New York. AMLOCKTM enables banks and financial institutions to proactively detect and manage potential money laundering activities. AMLOCK™ is an established global anti-money laundering (AML) Solution with over 100 installations across 35 countries.

AMLOCKTM is a purpose-built, end-to-end solution designed to stem the flow of illicit funds and meet the compliance requirements of increasing regulatory oversight. It offers comprehensive tools to efficiently manage customer due diligence, enhance compliance processes and seamlessly identify, assess customer risk.

Speaking on their AML offerings, Krish Narayanaswami, Global Business Head – Banking, 3i Infotech said, “We are proud to feature AMLOCKTM, our globally acclaimed & end-to-end financial crime detection and management solution at the ACAMS conference marking our foray into the US market”. Ravikanth Sama, Global Head – AML Practice, 3i Infotech said “AMLOCKTM leverages the latest technologies, smart graphical analytics and uses AI/ML models. It enables banks, insurance companies, security firms, non-banking financial institutions (NBFIs) and mobile wallet users to easily identify & monitor suspicious activity at both the transaction & customer levels.”

The key features of the AMLOCKTM include Know Your Customer (KYC) / Sanctions Screening, Customer Risk Rating, Transaction Monitoring, False Positive Manager, Case Management and Reporting & Analytics. It supports both on-premise and cloud-based deployment models. The offerings of the AMLOCKTM Suite include AMLOCKTM FCDMS, Financial Crime Detection and Management Solution, which provides end-to-end financial crime management for large enterprises; AMLOCKTM Lite, which caters to AML requirement of small and medium institutions; and AMLOCKTM Analytics that brings the latest dimension of Analytics & AI to uncover hidden AML patterns / risks.

Latest Tech Trends Take Spotlight at India’s First Technology Radar Summit 2019

ThoughtWorks, a global software consultancy hosted India’s first chapter of the Technology Radar Summit 2019 in Bengaluru on 29 June. This Summit was on occasion of Vol. 20 of the Technology Radar’s global launch. The latest edition of the bi-annual report that provides nuanced advice around technologies, tools, techniques, platforms and languages highlights four themes - The Shifting Shape of Data, Terraforming an Ecosystem, Kotlin Klimbing and The Leaking Encapsulation Boundaries.

‘’What started off as an interesting experiment has now turned into a notable publication that receives a lot of client attention and interest from the global community of technologists,” said Martin Fowler, Chief Scientist at ThoughtWorks. ‘’The Radar is relevant to businesses facing disruptive competition who need to understand and apply the philosophy of Tech@core. Our Radar helps these progressive businesses be aware of developments in technology that support their role in enabling the success of their customers.’’

The Tech Radar Summit saw the enthusiastic participation of over 450 software developers, decision-makers and thought leaders from across India. The day was packed with interesting talks by thought leaders and breakout sessions spread across three tracks catering to the audience's varying tech interests. The Summit also featured an Experience Zone that mobilized Augmented Reality and Virtual Reality to design immersive gaming experiences for the assembled tech practitioners.

The exclusive talks curated for the event featured a keynote speech delivered by Chief Scientist at ThoughtWorks Martin Fowler, who is a co-author of the Manifesto for Agile Software Development. His talk delved into the decade long evolution of the Radar and its pertinence to technologists. Especially in the current digital-first market, where technologists are at the center of more business decisions than ever before.

Other opinion leaders who took the stage included, Padmanabhan Balasubramanian, MD at Goldman Sachs who discussed the advancement of financial and technical aspects of platform business for engineers. Sauvik Banerjjee, Technology Leader at Tata Group Digital shared his journey of becoming the CTO and Ranjan Sakalley, CTO at GoPay explored the seven building blocks of reliable systems. Dr.Vivek Raghavan, Chief Project Manager, UIDAI paired with ThoughtWorker Samir Seth on a talk that explored the ways AI can improve the quality of governance.

Commenting on the first edition of India’s Tech Radar Summit, Sudhir Tiwari, Managing Director at ThoughtWorks for India said, “Indian businesses are going through a massive transformation as they embrace the digital-first approach. Technologists are now playing a key role in the way business are shaped and remain competitive in the market. Tech strategists are re-orienting their skill set for a new digital landscape - where emerging tech, agile at scale and product thinking define businesses.”

Shine.com Appoints Madhukar Kumar as Chief Analytics Officer

Shine.com, India’s 2nd largest job portal is set to further strengthen its top leadership ranks after it hired top talent for it’s Analytics division. To this end, the company has announced the appointment of Analytics veteran Madhukar Kumar as its Chief Analytics Officer. This hiring is in line with Shine.com’s current focus on ramping up its senior management team by hiring industry experts across technology, product, servicing and analytics domain. With over 13 years of experience across data sciences, predictive analytics, Artificial intelligence (AI), Machine learning (ML), deep learning and consulting domains, Madhukar plans to build a robust data science team to enhance Shine.com’s candidate and recruiter experience.

Madhukar has made a significant mark on the global business landscape as a Data Science Leader & AI Evangelist. Madhukar has been conferred the "Lifetime distinguished membership" of the Leaders Excellence at Harvard Square group and his “Drone Image Analytics solution” was awarded the Nasscom AI game changer award in 2018. He had also been rated as one of the Top 4 data scientists from India by Swami Associates, a leading Australian advisory firm in 2015.

With the rapid growth of its active candidate database of almost 40%, Shine has grown faster than the industry standards over the past two years. To continue to fuel this growth and further strengthen its product by leveraging its growing database, the company has been on a hiring spree and has been recruiting top industry talent over the past two years.

Commenting on Madhukar’s appointment, Zairus Master, CEO, Shine.com, said, “At Shine.com, we plan to lay greater focus on data analytics to augment our product in 2019-20. Strengthening our AI-led recruiter and candidate experience will be one of our major goals this year. To that end, we aim to build our data science team by bringing on skilled individuals from the industry. This will be the key focus area for our newly appointed CAO, Madhukar Kumar. Banking on his rich industry experience and expertise, we will definitely achieve our goals of enhancing our product and driving superior user experience. Needless to say, we are pleased to have an industry veteran such as Madhukar on our team as we continue to grow and innovate the next level of recruitment products.”

Madhukar said, “I am thrilled to be associated with Shine.com, which has been making waves in the recruitment sector on the back of constant innovation. Today, businesses sit on huge pools of data which, if leveraged in the right manner, can create a competitive advantage for them. With this idea, I will be working on building Shine.com’s data science team to leverage its rich repository of candidate and recruiter data (more than 30 million resumes). I believe that by using this data, we can accelerate the growth of Shine.com further and deliver a more enriching experience to all our stakeholders.”

While building Shine.com’s data science team, Madhukar will focus on AI, Deep learning, machine learning, Text Analytics & Speech Analytics. Currently, Shine.com is betting big on AI and ML, and it can gain massively by hiring candidates that are skilled in these domains. With a greater focus on hiring the right talent, Shine.com continues to close the gap with its competition rapidly.