Connect with us
Prague Gaming & TECH Summit 2024

Fintech

Infosys and AWS Enter Strategic Collaboration to Accelerate Financial Institutions’ Cloud Transformation Across Europe, Middle East and Africa

Published

on

 

Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a new Strategic Collaboration Agreement (SCA) with Amazon Web Services Inc (AWS). The three-year collaboration will deliver technology transformation and industry specific solutions to financial organizations supported by joint investments into go-to-market and delivery capabilities across the EMEA region.

Working together, Infosys and AWS will support financial organizations, like retail banking at NatWest Group, in accelerating their cloud adoption journeys leveraging industry proven capabilities to deliver specialized end-to-end cloud migration and modernization services. Customers will receive transformative cloud services from AWS, domain knowledge and delivery from Infosys, and Infosys Capital Markets’ expertise to transform business models and modernize applications, delivering operational efficiency.

As part of Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey, the collaboration will deliver industry specific use cases that leverage AWS’s cloud native innovation including generative AI and data analytics. Customers will also benefit from production-ready shared toolsets, certified architectural and security blueprints to accelerate adoption and ensure compliance.

Bringing together the synergies of Infosys and AWS will also ensure greater business agility reacting to rapidly evolving market conditions and regulatory change as organizations restructure their business models and accelerate their migration to the cloud away from conventional managed datacenters. The underpinning flow of skills sharing between AWS and Infosys will support the entire customer journey focusing on outcome-based delivery to ensure technical alignment and reduce business risk.

To catalyze growth across EuropeMiddle East and Africa, Infosys and AWS will jointly create go-to-market strategies and make co-investments over the next three years. Key areas of collaboration include accelerating growth of existing large-scale transformations, collaborating with FinTech partners to bring new cloud-based solutions to the market, and investing in co-innovation to deliver new products and services.

Wendy Redshaw, CDIO, Retail NatWest Group, said, “We see collaboration, strategic alignment, and engineering excellence as essential elements of successful partnerships.  This relationship between Infosys and AWS embodies these elements and will help us to better support and protect our customers by leveraging cloud reliability, security, and scalability.”

Dennis Gada, Executive Vice President, Global Head of Banking & Financial Services, Infosys, said, “AWS is a pioneer in cloud innovation, and by bringing together our expertise in delivering technology transformation at scale and our unwavering customer centric approach, we are excited to bring a comprehensive and industry-leading offering to our financial services clients in EuropeMiddle East and Africa. By leveraging Infosys Cobalt’s industry cloud solutions, assets and frameworks, we are committed to helping financial organizations accelerate their business outcomes.”

Mark Jopling, Director of GFS EMEA SalesAWS, said, “Together with Infosys, we will extend the reach of our combined services and expertise to help financial institutions innovate more quickly and increase their agility as they continue facing rapidly changing economic conditions. Combining our cutting-edge cloud innovation with Infosys’ technology transformation expertise, we now offer customers more capabilities and solutions to specific financial industry challenges at speed and scale.”

Fintech

Accura Scan, The Only Certified Biometric Solution Provider in Middle East & Africa for Banks and Telcos

Published

on

 

Global Identity Verification and Digital KYC solutions provider, Accura Scan is pleased to announce being awarded ISO/IEC 30107-03 compliance after passing a presentation attack detection (PAD) iBeta Level 2 audit with 0% FAR, making it one of the few companies worldwide and the only in IndiaSingapore, APAC & Middle East to have such a recognition.

As part of the testing procedure to assess the performance of Accura Scan face biometric liveness system, which is already being used by clients globally, it was successfully tested with millions of data points in alpha & beta testing modes. Its algorithms were pitted against various forms of spoofing attempts, including but not limited to 3D-printed and curved masks, silicone and paper masks, and videos of real subjects.

Yasin Patel (YP), Accura Scan’s CEO & Founder, expressed great pride in the achievement, adding, “Obtaining the ISO 30107-03 standard after passing the rigorous iBeta level 2 test demonstrates the effectiveness of our solutions against spoofing attacks.” He further announced that in keeping with their motto of ‘Biometrics for All’, Accura Scan would be offering its trusted Identity Verification Suite for free to all start-ups, while established entities would be offered various modules for as little as USD 5,000 a year onwards.

Commenting on this feat, Director – International Sales, Reza Writer, added, “Ambition greater than resources is in the DNA of Accura Scan. We have achieved this feat with a very small but highly skilled & dedicated team that has executed the organizational goal beautifully.”

The ISO 30107-3 framework measures a biometric system’s false acceptance rate (FAR) and false rejection rate (FRR) at the point of presentation. Passing the evaluation with an FAR of 0%, means that the company’s biometric algorithms offer a high level of spoof resistance in all environments.

Headquartered in India, Accura Scan has been completely bootstrapped & profitable since its incorporation. It has firmly established itself in the MENA region over the last 4 years, working with some of the most esteemed Banks, Telecoms & Fintechs globally. As a part of its global strategy, it has now registered itself in Singapore, the EU, the UK, & the US. With top-notch Identity Verification & Digital KYC products, it is confident of making a mark in these markets.

Continue Reading

Fintech

BIM Exchange integrates traditional currency option for buying and selling cryptocurrencies

Published

on

BIM Exchange revolutionizes the purchase of crypto-currencies: implicity and security guaranteed

BIM Exchange, the French pioneer of crypto-currency exchange platforms, today announces a major breakthrough in the ease of access and security of crypto transactions. With its new feature, it has never been easier to buy and trade crypto-currencies, bridging the gap between the traditional Web and Web 3.0.

Integration of payments in tradtional currencies: Euro, Dollar, Pound Sterling and Swiss Franc

BIM Exchange now enables its users to buy crypto-currencies directly by bank transfer in less than 24 hours, regardless of their currency. The funds are then securely transferred to the user’s decentralized wallet, such as Ledger, TrustWallet, MetaMask or other.

This method considerably simplifies access to digital currencies, while guaranteeing maximum security.

Continue Reading

Fintech

Monzo founder talks Prosper. Company sees incredible demand for its Crowdfund, smashing 130% of its target, raising over £785,000.

Published

on

 

Having recently announced its crowdfund was open to the public and with a little more than a week to go, Prosper today confirmed it has hit 130% of its funding target, raising over £785,000.

The company is backed by some of the biggest names in fintech. One of those, Tom Blomfield, the founder and former CEO of digital bank Monzo, said:

“The crowdfunding community was vital to Monzo’s growth and helped us engage with our early users. Like Monzo, Prosper is a customer champion brand shaking up the wealth industry. As I invested in Prosper, it became clear that speaking to the community would also play a part in their journey. It’s only the beginning, but I’m excited to help more people prosper!”

Monzo’s first crowdfunding campaign raised just under £1m at a £30m valuation. Today, that valuation stands at “around £4 billion”, according to Sky News. With a week of its own crowdfund still to go, Prosper hopes to build on that success, already closing in on Monzo’s original raise achievement.

“We’ve been blown away by the demand we’ve seen from our community. It’s a testament to the value we can create building a customer-championing business in the world of saving and investing,” said founder and CEO Nick Perrett.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more.

Continue Reading
Advertisement

Latest news

Trending