Ayubowan Sri Lanka!!!
Verinite signs its 3rd client in Sri Lanka to support TSYS Prime V4 Upgrade Project
There is a very popular saying – if you focus on success, you’ll have stress but if you pursue excellence, success will be guaranteed. Verinite takes a pride in announcing its 3rd client win in Sri Lanka.
Sri Lanka is entering a new era of progress and our client is sprinting with it. The client is among the top 30 business establishments in Sri Lanka as ranked by Business Today Magazine, ably providing a host of financial products and services to a wide range of customers. They are also the bank behind Sri Lanka’s first fully digital bank, FriMi.
Our client is embarking on a cards transformation initiative to upgrade its CMS platform to the latest version of TSYS (i.e. Prime V4) to remain consistent with its motto of being most customer centric bank from last 20 years. Verinite will be providing independent testing services for the PRIME v4 upgrade project that is undertaken. Verinite will be responsible for User acceptance testing, Data conversion, Regression testing and interfaces testing for this project. This is another big win as it strengthens our positioning in Sri Lanka as preferred partner for cards initiatives / programs.
Our demonstrated experience of 10 cards migration programs (in last 24 months), deep TSYS expertise, proven expertise in handling card testing projects and strong credibility as niche cards domain company proved to be the clincher. We are confident that our experience and expertise will definitely make tangible difference in ensuring issue-free and on-time implementation. Team Verinite is excited to bring our innovative, quick footed, domain focused and empathy driven mindset to serve the banks in Sri Lanka.
Verinite is pleased to announce signing of its 2nd client in Kuwait. Client is the youngest conventional Bank and second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail, and private bank customer base.
Client is planning to launch new wallet services for its customer to enable secure usage of cards on digital channel. The platform will be compliant with MDES and VTS norms to ensure both Visa and MasterCard cardholders can benefit from it. Bank is also partnering with three wallet service providers (ApplePay, SamsungPay & AndroidPay) to improve coverage and ease of usage for its customers.
Verinite has been entrusted to support the host certification, regression testing and wallet certification on PowerCARD platform. Team will be responsible to prepare test strategy, test plan, test scenario’s and conduct end-to-end to ensure certification and comprehensive functional regression. Our previous experience of executing similar project in UAE (again on PowerCARD platform) was key reason for being chosen as the partner.
This is 2nd client win for Verinite in Kuwait and 13th client in GCC region. This win is another step towards to becoming a partner of choice for banks to support implementation of their turnkey cards technology / business initiatives.
Verinite signs up with Singapore Headquartered Fintech Company to deliver API based digital prepaid cards platform
Verinite is known as partner who helps banks and financial institutions in emerging markets to extract maximum value of their business and technology projects in cards, lending and payments domain. There have been times when we are approached by disruptive fintech players who are looking at executing some interesting ideas and developing newer business models for cards space. This is one such story where Verinite would be playing its part in developing a disruptive story in South East Asia’s prepaid cards space.
We are glad to announce signing of a deal with Singapore headquartered fintech company to launch an API-based digital platform that will enable start-ups, fintech companies and enterprises to launch their own branded prepaid cards in 30+ countries across South East Asia and Europe.
Verinite is responsible for verification and validation of the end-to-end prepaid cards platform (PCMS System). This new age API based platform delivers flexibility, features, speed and scale thus supporting the ambitions of enterprise fintech players to start issuing the payment cards in as little as 4 to 6 weeks. Our role entails ensuring this platform delivers industry standard features / functionalities, performance and easy adoption of newer trends and high expectations.
Verinite’s deep cards domain expertise, knowledge of 10+ cards technology platforms and in-depth understanding of South East Asia market played a key role in cementing this relationship. Team, at Verinite, is all excited about this journey and client’s mission to democratize payments globally, helping businesses move money internationally in fast, convenient ways. Here we come !!
Marhabaan Eamman ! Its special EID celebration @ Verinite !! We sign with top 5 bank in Oman to support the Switch Migration Project (BPC SmartVista Implementation) !!
Giving a gift indicates that they were important enough to merit the time and trouble it took to find something appropriate, On this Eid al-Fitr 2019, Verinite receives a beautiful gift this year from one of the clients in Middle East. Verinite literally clinched a deal from mighty banking technology service providers and it takes us an immense pleasure in stating that we have grabbed an opportunity to work on an important switch migration initiative with top 5 bank in Oman.
The client is one of the oldest bank in Oman that provides customers with a comprehensive suite of innovative solutions in Retail banking, Corporate and Project finance, Investment banking, trade finance and most recently, Islamic Banking. Bank has decided to migrate their Switch, ATM and POS to BPC SmartVista, and were looking for partner who could assist them in seamless and issue-free implementation. Client went through a comprehensive evaluation process where Verinite stood tall and was chosen amongst all mammoths for its outmatched and successful track record to own and deliver winning switching & card system engagements across industry leading card platforms.
Verinite has been entrusted to help the bank by owning-up the entire data migration, functional, regression, performance and production verification testing stream. The certification testing stream responsibilities will involve support acquiring certification for Visa, MasterCard and CBO.
Undoubtedly, Verinite is being looked upon as a niche cards & payments technology service partner in market today, especially for technology transformation engagements, as it is proving handy in Consulting as well Technology rollouts by consistently delivering value proposition based on deep domain expertise and experience. Testimony to which, now Big Banks along with small to mid-sized are also seeing a trusted technology partner in Verinite with scale to back-up its expertise.
We are glad to be associated with such a client who not only entrusted in our values and differentiated proposition but also honoured our persistence hard work and perseverance.
Here comes the first victory of Q1 for Fiscal 2019-20. Passion, dedication and perseverance can conquer anything in this world and that is exactly driving Verinite’s expanding footprint in the emerging countries. Verinite is pleased to announce its new client win in Qatar. Client is first Islamic bank to start operating in the country and is one of the largest Qatari bank. They are stable financial group covering all segments of the financial markets, including individuals, government institutions, large corporations and SMEs providing innovative Sharia-compliant banking solutions.
Our client uses TSYS Prime platform for its credit, debit and prepaid cards business. Bank is embarking on a cards transformation initiative to upgrade its CMS platform to the latest version of TSYS (i.e. Prime V4) to remain consistent with its motto of being most customer centric bank. Verinite was chosen after an extensive process as client was looking for a one-stop solution that covers development, testing and certification. Our demonstrated experience of 8 cards migration programs (in last 24 months), deep TSYS expertise, proven expertise in handling Islamic card products and strong credibility as niche cards domain company proved to be the clincher.
Verinite will be responsible to manage the entire project which includes system architecture review, configuration, API customization, interfaces enhancement, reports modification and testing. This is another big win as it strengthens our positioning as preferred partner for cards upgradation and implementation programs.
With this win, Verinite will be serving its 4th client in country and covers banks with different card management system like PowerCARD and TSYS Prime. Team Verinite is excited to bring our innovative, quick footed, domain focused and empathy driven mindset to serve the banks in Qatar.
Verinite Perpetuate its trust and signs a deal of FV Platform Migration with India’s one of the Top 5 Private sector Bank
Verinite is extremely delighted to announce the signing of another deal on the credit card platform migration. We have helped our client in successfully launching their credit cards on First Data Vision Plus system and now will be helping them in their platform migration from Frankfurt to India Hub.
Client is among the Top 5 private sector bank in India that serves corporate, retail and SME banking customers with a comprehensive product suite of Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the country. Bank has launched their credit cards products in 2016 and it is one of the fastest growing Credit Card portfolio in India. Bank is planning to migrate to a new upgraded platform which will allow them to provide better product offerings to their customers and also align with the RBI guidelines which mandates public data to be stored in India.
Verinite is selected by the Bank to support this migration project. As part of this project Verinite will be conducting Gap Analysis to identify changes in functions and process between source and destination platform. Verinite would be responsible for the project initiation, test scope definition, project co-ordination, interfaces, certification testing of this critical migration project. Verinite will also undertake functional and migration testing activities to ensure that new platform adhere to Bank’s requirement and no data loss or error in data migration process.
Team Verinite hopes to build on this win to serve more banks in India as they embark on technology transformation initiatives thus further strengthening the India growth story in Cards & Payments Space.
“Quality is the best business plan” Verinite again awarded for PowerCARD BAU Support from its existing client in Abu Dhabi!!
“Give trust and you’ll get double in return”, After completion of the successful migration project, Verinite is extremely happy to have gained their trust again and delighted to announce another signing of a deal to provide production support for HPS PowerCARD Application. Client is Public Joint Stock Company incorporated in the Emirate of Abu Dhabi, United Arab Emirates and is well recognized as a niche player that offers consumer and commercial finance and was recently awarded as the Highest Rating in Service Excellence Award.
We helped client in migration of its cards portfolio (credit & prepaid) from NI’s VisionPLUS platform to HPS PowerCARD platform (V3) by owning migration strategy definition & testing, end-to-end functional testing, interfaces testing and scheme certification with MasterCard. As natural extension after GO LIVE, Client was looking for partner to outsource the BAU support to improve the quality, agility and flexibility for its cards business. Verinite was a natural choice considering the expertise, experience and flexibility shown during migration project.
Verinite will be responsible for system configuration, defining templates for new products, develop/maintain interfaces, testing of issues/enhancements/compliances/CR’s, improving overall service delivery mechanism and guide business team in parametrization across suite of HPS PowerCARD.
As it is rightly said “The key is to set realistic customer expectations, and then not to just meet them, but to exceed them” and we at Verinite always deliver this as part of our famed delivery excellence strategy of “Verinite Advantage”. Team Verinite hopes to build on this win to serve more consumer finance companies and banks in Middle East as they embark on cards technology transformation initiatives.
Verinite signs deal to enable a successful Debit cards & Switching system transformation for a Top 10 bank in Philippines!!
Verinite is pleased to announce another strategic project win from one of our esteemed clients in Philippines. Our client bank is one of the top ten private domestic Universal bank in terms of assets, deposits, capital and return on equity. This project win strengthens our position as preferred partner for the cards projects with the bank.
Bank is currently on a transformation journey to enhance its core systems that includes migration from legacy debit processing platform to a new improved DCMS. The migration will be conducted in phased manner. The migration comprises of close to 1000 ATM handlers and 0.6 million card base including Prepaid as well as Debit cards. It’s a challenging project given the timelines and complexity to move away from a single source processing system to dedicated host processing system.
As part of this engagement, Verinite will be managing the entire program with total transformation initiative cost pegged at USD 5 million to ensure an on-time, within budget, seamless and issue-free implementation. Also Verinite will be owning up the data migration, functional, customization and interfaces testing stream. The scheme certification stream will involve getting certification for Visa, MasterCard and BancNet.
Team Verinite hopes to build on this win to serve more banks & finance companies in Philippines as they embark on cards business / technology initiatives. Salamat po !!
As always said “ Faith doesn’t make things easy, it makes it possible” and Verinite takes a stride into Kuwait with the faith of providing support and assistance to their Banks with technology services for Cards and Lending Business. We are making it possible by serving our first esteemed client in Kuwait. Customer is one of the fastest growing banks in the Kuwait, offering prominent services in Corporate, Private, Premium and Retail banking.
Verinite, has been entrusted to support the switching and debit card system (HPS PowerCARD application) which covers the analysis, testing and implementation support to ensure uninterrupted services to the bank’s customers. Our track record of successfully delivering HPS PowerCARD related projects for the client, our knowledge in the domain of cards and application expertise have proved to be the key differentiators.
Verinite is responsible for system configuration, defining templates for new products, develop/maintain interfaces, testing of issues/enhancements/compliances/CR’s, improving overall service delivery mechanism and guiding the bank’s team in parameterisation across the suite of HPS PowerCARD modules. Verinite expects to deliver its famed “Verinite Advantage” which will allow banks to solely focus on core activities, avail increased technical expertise, improve internal staff efficiency and realize cost savings.
It can be rightly said that “Trust and expertise” are the heart and soul of an enterprise, and success of a business depends on the connections you create and nurture. Now, it’s time to prove the value of our services and reassure the client of all the success they look forward to in all their endeavours. This first impression will set the tone for our relationship and possibly determine its future. And that is why a successful client being on-board is critical for building value and driving long-term customer satisfaction.
Verinite is proud to announce that we have been re-certified to PCI DSS standard v 3.2 Compliance level 1. The PCI-DSS certification annual audit was conducted by MKPSG, a leading Qualified Security Assessor (QSA). They examined our complete infrastructure, processes, policies for the Pune centre and confirmed that it was meeting with PCI-DSS compliance requirements. This means that our systems have yet again passed most rigorous information security requirements.
“It is a proud moment for Verinite to be recertified as a Service Provider (Level 1) under PCI DSS version 3.2. We are committed towards providing a highly secured environment for our customer’s data and the recertification helps to justify our commitment!” said our Head of Engineering, Sankhadeep Chakraborty.
“Complying to PCI DSS is quintessential for banks and for its vendors. PCI DSS re-certification gives re-assurance to all the clients that Verinite is more secure and trustworthy organization.” said Prasanna Chitale, Head of Innovation at Verinite.