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Wearable Payment – Will it Just Continue to Remain a Trend or See a Serious Adoption?August 22, 2021 - posted by Sankhadeep Chakraborty

Imagine entering a shop, purchasing things, and paying for them through a watch, a ring, or a bracelet? No, that is not a scene from a sci-fi novel or movie. But, it’s the reality, which we will soon see all around us. What I described right now was a wearable payment device. Wearable payment is […]

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A Primer on Non-Fungible Tokens – Everything you Need to Know!August 22, 2021 - posted by Prasanna Chitale

Imagine a plot of land in a prime locality being offered for sale on the real estate market. The estate has everything that a land buyer could wish for – great area, perfect squares of land plots, good road connectivity, and promising future potential. Let us take another example of a fine art collection being […]

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Verinite Hackathon 2021- An Event full of Innovation & LearningAugust 22, 2021 - posted by Ajay Wadbudhe

We recently concluded our Verinite Hackathon 2021. The theme for this one was Cards, Payments, and Lending. The Hackathon saw participation from six teams where they solved some extremely complex challenges and presented amazing innovations. The winners were selected after a detailed round of presentations to the judges. Congratulations to the winners and the participants. […]

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Is Open Banking the Future? Why Is It Significant, What Drives It Forward and Who Is Not Comfortable in Adopting It?August 22, 2021 - posted by Debasis Mohanty

Banks and financial institutions have long been the custodian of people’s money and the torchbearer for any service that would enable the management of money. Not everyone was pleased with the unending list of verifications, validations, manual and automated accounting processes, audits, and regulatory compliance mechanisms that banks followed. But even if it meant a […]

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How the Pandemic Has Forged Collaboration Between Financial Institutions and Fintech SectorAugust 21, 2021 - posted by Ashish Katkar

Ever since the beginning of the global COVID-19 pandemic, banks, and financial institutions have borne the brunt of the ensuing economic disruption. The “traditional” banking model is facing unprecedented challenges and risks, including a few crucial ones like: Ever since the beginning of the global COVID-19 pandemic, banks, and financial institutions have borne the brunt […]

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CS I and M BANK Migration onto Way4August 18, 2021 - posted by Sankhadeep Chakraborty

Client I&M Bank, the second largest commercial private sector bankin Kenya, licensed by Central Bank of Kenya, headquarters inNairobi Kenya. The bank has 42 branches within Kenya andinRwanda, Nigeria and Tanzania, Mauritius through itssubsidiaries. Project I&M bank was planning to completely overhaul their issuingand acquiring systems by way of migration to a newer system.It included […]

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Verinite Success story IDFC BankAugust 18, 2021 - posted by Sankhadeep Chakraborty

Project IDFC First Bank was planning a Greenfield Launch of their credit cards in India. Bankwas planning to implement TSYS PRIME4 as their credit card issuing platform. Themain objective was to test and ensure that the base functionality and requestedenhancement of credit cards functionality were working properly to their businessneeds. It was critical to meet […]

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KMBL FirstVision Platform MigrationJune 28, 2021 - posted by Sankhadeep Chakraborty

Kotak Mahindra Bank FirstVision Platform Migration Client Kotak Mahindra Bank Limited (KMBL) is an Indian private sector bank. They offer banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. As of February 2021, it is the third largest Indian private sector […]

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IDFC_Credit Card Launch on PRIME4 – TestingJune 28, 2021 - posted by Sankhadeep Chakraborty

Client IDFC FIRST Bank was founded by the merger of IDFC Bank and Capital First in December 2018. The Bank provides a range of financial solutions to individuals, small businesses and corporates. IDFC FIRST Bank has a nationwide presence and operates in the Retail Banking, Wholesale Banking and other banking segments. Project IDFC First Bank […]

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