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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 mobile and […]

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 […]

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 […]

The big story this week is around the “alleged” Data breach of Qatar National Bank (QNB). The attack came as a bolt from the blue with the attackers releasing a massive data-dump of over 1.5GB on the open internet. The file was available for a short while as a zip file that could be downloaded […]

We are all aware that social media has had a tremendous impact on our culture, in business, on the world-at-large.  Social media websites are some of the most popular haunts on the Internet. They have revolutionized the way people communicate and socialize on the Web. Many employers today are looking at the social media accounts […]

Why is P2P Lending Ideal for Small Businesses? Small businesses are usually hard pressed for funds. Banks have most commonly been the borrowing platforms but now peer-to-peer (P2P) lending is gaining popularity. This is not without strong reasons. Let’s find out what exactly P2P lending is and why it is an ideal choice for small […]

“The trust of the innocent is the liar’s most useful tool.” – Stephen King I am writing this blogpost in the wake of the potentially earth-shattering discovery of security vulnerabilities in some key Java libraries. In case you are unaware of these security issues, you must 1. go through the link in the footnotes, 2. […]

“Revenue is vanity. Profit is sanity. Cash is reality.” – Who knows better about this other than an entrepreneur? Anyone who runs business will know that cash is like oxygen. Over last 4 years, I have been running Verinite as a lean start-up and one of the key focus areas has been maintaining a healthy […]

“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 […]

Banks are confronted with newer challenges every time the previous ones are overcome. Some of the major challenges faced by banks today are, heightened regulatory scrutiny, changing customer behaviour, cyber-crimes and cultural changes. One challenge that has been there, right from when the world economy slowed down in 2008, is the challenge of reduced liquidity. […]