Thursday, October 3, 2019

Infrasoft Tech CEOs Views on NPCI's Data on Rise on UPI Payments


The rising popularity of UPI transactions is because of the simple, secure and seamless banking experience it offers to the end-consumer across channels. One of the key factors in the fast-paced growth of UPI is the participation of both banking and non-banking entities. Applications like G-pay, PhonePe, PayTM, Freecharge, etc., have helped take this technology to the masses. People need not worry about carrying cash and can initiate payments of utility bills or to individuals and merchants both with ease of merely scanning a QR code. All this while gaining reward points and cashback too. Also, with the introduction of merchant onboarding on UPI platform is giving rise to a person to merchant (P2M) payments.

The reason for the rise in UPI transactions is due to its wider adoption owing to the simplicity and security of transacting. The initiatives such as BBPS (for bill payments), onboarding of small merchants, API integration with large merchants by Banks in addition to the P2M (Person to Merchant) transactions done through PSP apps like Google Pay, PhonePe, Amazon Pay etc., has seen growth in transaction volumes.

UPI will see an upward trend with the launch of UPI 2.0, with mandates for one-time & recurring payments, IPO subscription etc. Integration with NETC for tolls and onboarding of small merchants in semi-rural and rural areas will see UPI volumes increase.

With the government's effort towards making India a less-cash economy, we are constantly innovating and developing solutions to enhance the customer banking experience and promote the government's efforts towards a cashless economy. Our AI-based Omnichannel solution Kiya.ai processed over 2.3bn transactions in the last 12 months. We recently enabled a bank's customers to withdraw cash from their ATMs by only scanning a QR code using the UPI app. Such initiatives will help transition plastic-based payments to fully digital payments. This is truly an Omnichannel experience for clients since we are able to extend UPI to a non-mobile platform. In the near future, we will enable use cases of UPI driving digital payments using IoT integration and voice commerce.

Ramayana Retold Through Dolls, Rangoli at the Sri Vani School in City



The month of October is symbolic with Dasara and more so with the traditional dolls display and rangoli. For many households in the city these dolls are a matter of tradition that has been passed from generation to generation. But now, it’s not confined to people’s homes alone. The teachers at Sri Vani Education Centre have re-created scenes from the Ramayana, using miniature versions of mythological characters.

A total nine scenes from the Ramayana are currently on display at the school premises. Adding more colour to this recreation of the epic is a rangoli portraying Lord Rama, Sita and Lakshmana.

“Each of these nine scenes come with a hand-painted backgroud, with the dolls set up in the front.A visual delight for visitors, the teachers have put in a lot of effort to set up this installation, which took more than two weeks to complete," says Meenakshi Pillai, the art and crafts teacher at the school.

Gartner Identifies Top 10 Government Technology Trends for 2019-2020


Gartner, Inc. has identified the top 10 government technology trends for 2019-2020 that have the potential to optimize or transform public services. Government CIOs should include these trends in their strategic planning over the next 12 to 18 months.

Gartner’s top 10 strategic technology trends for government were selected in response to pressing public policy goals and business needs of government organizations in jurisdictions around the globe. They fit into a broader set of macrotrends that demand the attention of today’s government leaders, including social instability, perpetual austerity, an aging population, rising populism and the need to support sustainability goals.

“Now more than ever, technology priorities must be established in the context of business trends such as digital equity, ethics and privacy, widening generational chasms and the need for institutional agility,” said Rick Howard, research vice president at Gartner.

“Public sector leaders expect government CIOs to find ways technology can reduce costs, create efficiencies and improve outcomes for citizens and businesses. They also expect CIOs to consider the social, technological, economic, environmental and political trends that impact the constituents they serve.”

In a digital society, forward-looking government officials know that “policy is the technology and technology is the policy,” according to Mr. Howard. “Any government service delivered at scale is underpinned by a host of technologies. If the success of these business projects is compromised by poor implementation of technology, then the political objectives are compromised, too,” he said.

Gartner’s list of strategic technology trends is designed to help government CIOs establish the rationale, timing and priority of technology investments. They do not represent what government CIOs are spending most of their time or budget on today. The trends will vary in importance depending on the tier of government (national, regional or local), region and business context. It is for this reason that they are not ranked in numerical order.

CIOs can use these trends to engage stakeholders, demystify concepts and promote discussion about their value to citizens and society.

Adaptive Security

An adaptive security approach treats risk, trust and security as a continuous and adaptive process that anticipates and mitigates constantly evolving cyber threats. It acknowledges there is no perfect protection and security needs to be adaptive, everywhere, all the time.

Citizen Digital Identity

Digital identity is the ability to prove an individual’s identity via any government digital channel that is available to citizens. It is critical for inclusion and access to government services, yet many governments have been slow to adopt them. Government CIOs must provision digital identities that uphold both security imperatives and citizen expectations.

Multichannel Citizen Engagement

Governments that meet citizens on their own terms and via their preferred channels, such as in person, by phone, via mobile device through smart speakers, chatbots or via augmented reality, will meet citizen expectations and achieve program outcomes. According to a 2018 survey, more than 50% of government website traffic now comes from mobile devices.

Agile by Design

Digital government is not a “set and forget” investment. CIOs must create a nimble and responsive environment by adopting an agile-by-design approach, a set of principles and practices used to develop more agile systems and solutions that impact both the current and target states of the business, information and technical architecture.

Digital Product Management

In the 2019 Gartner CIO Survey, more than two-thirds of government CIOs said they already have, or are planning to implement, digital product management (DPM). Often replacing a “waterfall” project management approach, which has a poor track record of success, DPM involves developing, delivering, monitoring, refining and retiring “products” or offerings for business users or citizens. It causes organizations to think differently and delivers tangible results more quickly and sustainably.

Anything as a Service (XaaS)

XaaS covers the full range of IT services delivered in the cloud on a subscription basis. The 2019 Gartner CIO Survey found that 39% of government organizations plan to spend the greatest amount of new or additional funding in cloud services. The XaaS model offers an alternative to legacy infrastructure modernization, provides scalability and reduces time to deliver digital government services.

Shared Services 2.0

Many government organizations have tried to drive IT efficiencies through centralization or sharing of services, often with poor results. Shared services 2.0 shifts the focus from cost savings to delivering high-value business capabilities such as such as enterprisewide security, identity management, platforms or business analytics.

Digitally Empowered Workforce

A digitally enabled work environment is linked to employee satisfaction, retention and engagement — but the government currently lags other industries in this area. A workforce of self-managing teams needs the training, technology and autonomy to work on digital transformation initiatives.

Analytics Everywhere

Gartner refers to the pervasive use of analytics at all stages of business activity and service delivery as analytics everywhere. It shifts government agencies from the dashboard reporting of lagging indicators to autonomous processes that help people make better decisions in real time.

Augmented Intelligence

Gartner recommends that government CIOs reframe artificial intelligence as “augmented intelligence” a human-centered partnership model of people and artificial intelligence working together to enhance cognitive performance.

Gartner clients can learn more in the report “Technology Trends in Government, 2019-2020” and in the companion report “Business Trends in Government, 2019-2020.”

Mindtree Honored with Mother Teresa Award for its Practices in Driving Social Impact


Mindtree, a global technology services and digital transformation company, has been awarded the prestigious Mother Teresa Award for Corporate Citizen in recognition of its efforts towards elevating humanity through business. The Loyola Institute of Business Administration (LIBA) presented the award to Mindtree in Chennai, today.

Mindtree has been a leader in uplifting humanity through several philanthropic initiatives centered on giving back and inculcating the culture of #BeTheGiveR. In the 2018 edition of Mother Teresa Awards, Mindtree has been recognized for its innovative social campaigns in corporate social responsibility in the Indian business market.

The jury evaluated entries on the basis of several parameters, which include impact on people, environment and sustainability, innovation, ethical conduct, social consciousness, activities beyond the call of duty and corporate social responsibility. Organizations were evaluated based on how much the above categories are an integral part of their corporate mission.

“We are greatly honored and humbled to receive the Mother Teresa Award,” said Abraham Moses, General Manager, Mindtree Foundation. “At Mindtree, we hold ourselves accountable to the community that we live in and believe in making a difference through giving. This recognition inspires us to continue these efforts and help make the world a better place.”

Some of Mindtree’s flagship initiatives include:

·         Samruddhi Abhiyan:

Aligned with the visionary Swacch Bharat Abhiyan, in a spirit of fostering healthy competition. Samruddhi Abhiyan aimed to create a positive impact for the thousands of school-going children in the Kanakapura Taluk of Karnataka. Over six months, the program involved 161 schools, 14,700 children and 36 villages from the entire Kanakapura Taluk on cleanliness, sports, cultural activities and improving overall education standards. With 25 model schools announced as winners of this competition, this is now being replicated across the state by the government of Karnataka.

·         Assistive Technology Handover:

Mindtree has launched Digital Nethra for Eyes (DIGNIFY), an Android-based application that converts printed text into audio, enabling people with visual impairment to read without braille or an audiobook. Another Android application developed by Mindtree, Visual Intervention Kit with Analytics for children with Special Needs (VIKAS), uses 10 curated exercises across 34 screens to improve the visual-cerebral abilities of children with Cerebral Visual Impairment (CVI), conceptualized by Aravind Eye Hospotals and developed by Mindtree.

The Mother Teresa Award for Corporate Citizen, instituted in 1998 by LIBA, is presented every year to a company that shows exemplary commitment to the ideals of corporate citizenship. The award is intended is to showcase a corporation which has gone far beyond its call of duty to promote welfare activities for the benefit of the poor and marginalized sections of society and is environmentally conscious.

Qlik Unveils Qlik Sense Business, Offering 3rd Generation of Data and Analytics for Customers

Qlik announced Qlik Sense Business, the latest offering supporting its cloud-first, SaaS strategy. Qlik Sense Business is a new version of Qlik Sense that provides a simple and fast path for customers of any size to access the world-class analytics of Qlik’s patented Associative Indexing technology. The new product is the first and only pure SaaS offering that brings the power of the 3rd generation of data and analytics to small business and groups, accelerating their journey to modern analytics more quickly and with greater ROI than any other offering in the market.

“Qlik is driving the third generation of business intelligence software with our cloud-first, enterprise SaaS analytics platform,” said Mike Potter, Qlik CTO. “Qlik Sense Business extends the opportunity to lead with data to any organization that wants to get started quickly with enterprise-grade analytics. With the core benefits of Qlik Sense and our cloud-native architecture, Qlik Sense Business helps any organization rapidly improve data literacy and data-driven decision making with a built-in upgrade path that grows their analytics alongside their business.”

Qlik Sense Business leverages the latest technology to provide a richer analytical experience than the prior Qlik Sense Cloud Business offering, the solution this new offering replaces. For existing customers, migrating from Qlik Sense Cloud Business to Qlik Sense Business gives them the same outstanding speed, performance and availability as Qlik Sense, with a clear path to easily upgrade and continue their analytics journey with Qlik in the cloud. It will also be offered as a 30-day trial for all potential Qlik customers to evaluate the power of Qlik analytics. Some of the many benefits of Qlik Sense Business include:

* Qlik’s Associative Engine, self-service app creation, visual data preparation, interactive dashboards, and smart search,
* Automated AI-generated insight suggestions,
* Direct connectivity to over 40+ data sources,
* A personal space, where individual users can create and share their own content,
* Five shared spaces, where users can co-develop and control access to apps,
* The same redesigned hub as Qlik Sense Enterprise that enables easy content management and sharing for end users, and
* A new management console and MyQlik portal for self-service management and administration.

“Organizations of all sizes are increasingly considering vendor-managed, cloud-based services for BI and analytics, but many also want options for hybrid- and multi-cloud deployment,” said Doug Henschen, vice president and principal analyst at Constellation Research. “Constellation Research added Qlik to its Q3 2019 Shortlist™ for Cloud-Based Business Intelligence and Analytics Platforms on the strength of advances in both its SaaS offerings and underlying software support for the preferred cloud standards of Linux and Kubernetes.”

Qlik Sense September 2019: Natural Language and Deeper Data Connectors Further Democratize Data

The company also delivered updates to its core platform with the release of Qlik Sense September 2019, building on Qlik’s continuous delivery of innovation for the 3rd generation of data and analytics. Included in Qlik Sense September 2019 is a new NLP (natural language processing) capability in the Qlik Cognitive Engine that supports natural language search and interaction in Qlik Sense. As users engage with Insight Advisor, they are now able to enter search criteria using full natural language. The Qlik Cognitive Engine parses the search string to understand the user’s intent and provide the right data and insights based on search criteria. Qlik Sense September 2019 also delivered updated connectors for Salesforce and Snowflake to expand users’ access to key data sources. Both are now available on all Qlik Sense editions and deployment options, including Qlik Sense Business, Qlik Sense Enterprise on Cloud Services and Qlik Sense Enterprise on Kubernetes.

Qlik’s approach to democratizing data and providing flexible cloud-first and multi-cloud options for all customers is more important than ever, given the key trends that customers are looking to address through analytics: leveraging data in the cloud, managing all data (not just big data), benefiting from a single view into all their data, and leveraging augmented intelligence to the edges of the organization.

Hero Motocorp Sets Up CoE at Industrial Training Tnstitute, Nizamuddin to Build Skill Set Amongst the Youth


In keeping with its commitment to promote skilling amongst the youth, Hero MotoCorp Ltd, the world’s largest manufacturer of motorcycles and scooters, today opened a world-class training centre – The Centre of Excellence - at the Industrial Training Institute, Nizamuddin in New Delhi.

Launched in association with the Department of Training and Technical Education, Government of the National Capital Territory of Delhi, the centre will build key skill-set amongst the youth, thereby enhancing career opportunities for them in the two-wheeler industry.

Mr. Vimal Dimri, Deputy Director, Training & Technical Education, Government of NCT of Delhi and Mr. Vijay Sethi, Chief Information Officer, Chief Human Resources Officer & Head Corporate Social Responsibility, Hero MotoCorp, inaugurated the learning facility.

With the stated objective of ‘HUNAR SE KAMYABI TAK’ (FROM SKILLING TO SUCCESS), Hero MotoCorp has so far imparted skills training to more than 20,000 youth by creating state-of-the-art skill development centres across the country.

Commenting on the occasion, Mr. Vijay Sethi, Head Corporate Social Responsibility, Chief Information Officer & Chief Human Resources Officer, Hero MotoCorp said, "Hero MotoCorp is a responsible corporate and is committed to empowering the youth with upgraded skill-set required in the dynamic two-wheeler industry. We are constantly engaging with the external ecosystem to induce effective and topical learning programs, both at national and regional levels. This new initiative with the Department of Training & Technical Education is yet another effort to create a robust talent pool, and we will continue to this drive with fervour.”

The Centre of Excellence is equipped with conventional learning facilities, including a fully automated workshop with pneumatic tools and precision equipment. In addition, live cut sections of Hero Engines and other two-wheeler parts have also been installed to help trainees gain hands-on expertise of the latest automobile technologies. The learning modules will be conducted by fully-trained faculty, helping trainees grasp theoretical and practical know-how of the two-wheeler repair and maintenance process.

34 Teams to Smoothen Merger of UBI, PNB, OBC Scheduled to Come into Force from April 1, 2020


A total of 34 functional teams have been formed to smoothen the process of merger of United Bank of India (UBI), Punjab National Bank (PNB) and Oriental Bank of Commerce (OBC), a senior official said.

The merger is scheduled to come into force from April 1 next year.

“Thirty-four functional teams have been created to come out with solutions for the process of integration,” a UBI official said.

A team comprises two members each from the three banks from different functional areas, he said.

“The functional teams will also try standardising the loan process, credit terms and benefits extended to the customers in the interim period till the merger comes into effect to avoid customer-related issues in the future,” the official said.

The UBI had conducted customer meets at Kolkata, Guwahati and Patna to allay their apprehensions about the future of banking, the official said.

UBI managing director and CEO A K Pradhan had earlier said that though the balance sheet merger is likely to happen by April 1 next year, it will take another three to six months after that for the HR and IT integration to be completed.

He had said the complete harmonisation among the three entities would take another 12 to 14 months after the merger. Senior officials of the three banks had held a meeting recently.

The merger will make the new entity the second-largest bank in the country after the State Bank of India (SBI) with a total business volume of Rs 18 lakh crore.

This comes after the Centre’s announcement to consolidate 10 public sector banks into four.

Allahabad Bank will be merged with Indian Bank while the Union Bank of India, Andhra Bank and Corporation Bank will be amalgamated.

Canara Bank and Syndicate Bank will also be merged.

Last year, the Centre had approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda that came into effect from April 1 this year.

In 2017, the State Bank of India had absorbed five of its associate banks and the Bharatiya Mahila Bank.

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