Non-banking Financial Company : The Indispensable Facts!!!

Introduction: A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance business or chit-fund business but does not include any institution whose principal business includes agriculture, industrial activity or the sale, purchase or construction […]

The QR Code Evolution/Revolution!!

QR Code: A QR code, also known as a Quick Response Code is a 2-D (two dimensional) barcode. A QR code usually contains information pre-programmed by the originator. It could be a URL, text, image or general information. To reveal the information, the user will require a mobile phone software with the ability to scan and […]

Digital Lending – A Growing Technology!!

Lending is simply the act of giving money on credit to another person called the borrower. The borrower repays the money to the lender with interest over a defined time-period. Lending is a widely understood concept. However, the traditional approach to avail loans is fairly long and complex. Therefore, Banks and financial institutes as part […]

Reconciliation is the biggest challenge for Migration Projects!!

Evolving technology and a highly competitive market are pushing organizations to embrace advanced software systems to run their business and stay relevant against their competitors. Banks and financial institutes are no different to this phenomenon. The existing software & systems used for processing various business functions poses certain limitations as the business requirements evolve over […]

Lets be Agile in Testing!!!

Over the years the demand is growing for the team be operating in Agile fashion and with Agile Testing methods almost at every project location. Project manager wants model or prototype built quickly and testing to be performed in an iterative manner. Obviously, there are advantages of this iterative short cycle testing & the benefits […]

Visa Claims Resolution (VCR) Part-II!!

In the last weeks article, we have shared the overview of Visa Claims Resolution process. The way terminology has changed and resulting in lesser number of groupings. We also coved the flow of chargebacks, how it works. In this article we are going to cover about the Allocation and Collaboration workflows, about the impact of […]

Visa Claims Resolution (VCR) Part-I !!

Visa announced the Visa Claims Resolution (VCR) initiative to improve the dispute process. VCR is Visa’s new system to help reduce timelines and simplify dispute resolution for issuers and acquirers. This is a mandatory change for all issuers and acquirers. On April 15, 2018, Visa’s new rules on chargebacks, called Visa Claims Resolution or VCR […]

7 Characteristics of RPA Tool!!!

Since the beginning of this decade there have been some speculations as to whether the robotic automation workforce will take over the manual tasks? Will it result in unemployment? Or does it mean making good use of robotic automation tools to benefit us all. Various attempts are being made & we clearly see a trend […]

Thoughts Reflecting the Verinite Journey of 7 Years!!

 Today is a special day. Verinite will be celebrating its 7th anniversary (1st June is our Foundation Day). I knew that it was going to be one roller-coaster ride but didn’t expect it to be so satisfying and fulfilling. This entire journey of 7 years can be easily divided into two phases. The first phase […]

The New Face of Digital Transformation : Open Banking!!

Introduction to Open Banking: Open Banking is a financial services terminology and can be defined as below: The use of Open APIs that enable third party developers to build applications and services around the financial institution Greater financial transparency options for account holders ranging from Open Data to private data The utilization of open source […]

Essential Tips for Successful Project Management (Part -1)!!!

In  present world, filled with certified and degree-wielding project managers it is expected that they know the rules of successful project management. It is expected they know prevalent methodologies like Waterfall, Agile, RUP and all the project management tools like Gantt charts, MPPs, Vision, Project requirements, specifications, and almost everything! All those wonderful bits and […]

How Millennials brought a Paradigm Shift to HR Department???

Generation X and Millennials, the two generations together now make up most of the workforce, but despite being back-to-back generations, they are separated by some key differences. The Human Resource Management recommends having a firm understanding of what is important and valued by each of these generations in the recruitment process. Doing so could be invaluable […]

Two Never-Ending Problems of Project Management!!!

The Iron Triangle, also known as the “Triple Constraint,” is the idea that Scope, Cost, and Schedule are intricately linked, so that, for any given project, it’s impossible to change one while leaving the others as-is. A corollary axiom, out of “Quality, Price, and Availability: one can only pick any two,” is an often-overlooked truth, […]

What Banks want from Service Providers??

The number of service providers for banks is increasing massively and banks now have the choice to pick considering numerous factors. With growing need, expectations are also growing and banks are really making informed decisions when it comes to picking the right service providers or vendors. Let’s take a step further and see what their […]

10 common challenges in a CMS-Payment Switch Upgrade or Migration Project (Part II)!!

Your Wait is over as we are back with continuation of our previous blog for the challenges that Banks usually faced while doing CMS Up-gradation/Migration. So in continuation with our Part 1, below are the few more challenges: 6) Aligning Build and Delivery Methodology: Every delivery organization has its own methodologies and templates. The challenge is […]

Contactless Payment – A Hit or A Miss!!!

Step in -> Tap / Wave ->Payment done ->Go! The advent of cutting-edge technology has brought huge changes to the card payment systems. An example of this is the contactless payment systems that have come up with the help of contactless cards, mobile phones, payment wrist bands etc. Contactless systems or mobile tap-to-pay systems securely […]

Be DevOpstastic !!!!!

DevOps!! The new trend coming in the Industry…. Let’s see the whole world of IT Industry with the lens of DevOps. DevOps does not go with only one thing, it has got the combination of Continuous Integration, Delivery, Continuous Deployment and more. DevOps can give the beautiful experience to the Industries handling large customer volume, […]

Primer to Payment Banks in India!!!!

Payment Banks: A payments bank is a bank, but operating on a smaller scale without involving any credit risk. In other words, it can carry out most banking operations but customer can’t take advance loans or issue credit cards. The Payment Banks is based on the concept of PPI that is to load cash into […]

Vend to Integrate!!!!!

It was Holi, I still remember that how colorful it was made by Verinite by a simple call and saying “Hello, Congratulations! Yogesh, you are selected”. I had been being under impression that I was selected as I have sufficient knowledge on how to test the system and gave each answer with required confidence in […]

Smile and the World smiles with you

Every day is a different experience, though it may be a normal day at work. We spend a lot of time at our work place and that’s why we also call it at times “Our second home”. Some people are quick to respond, some need to be pushed and some respond after the deadline. In […]

8 KEY QUALITIES OF AN EXCELLENT TESTER

“In God we trust, the rest we test” is a very popular line in testing world. Testing team or testers are a very important cog in the wheel as far as product development life cycle is concerned. A tester essentially conducts prescribed tests on programs and applications for quality, design integrity, and functionality, before they […]