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Australian Military Bank powers digital transformation with Infosys Finacle on Cloud

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NEW DELHI: Australian Military Bank (AMB), one of Australia’s longest serving mutual financial institutions, and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), announced the go live of the Finacle banking solutions suite to drive AMB’s ambitious digital transformation program.

The comprehensive, Australia ready digital banking solution stack, has been implemented in a fully SaaS model, hosted out of Infosys datacenters in the country.

Finacle has enabled AMB with significant operational benefits and cost efficiencies, along with enhanced security and scalability.

AMB is now able to provide both its staff and members, a world class banking experience, equal or better than leading global banks.

The Finacle solution stack replaced AMB’s legacy systems to enable the bank to keep pace with new technology developments and allow a speedy response to market demands. Additionally, the Finacle solution enables open application programming interfaces (APIs) that overcome limitations for the bank’s ability to work effectively with ecosystem partners.

The entire implementation of the Finacle solution stack, including core banking, origination, payments and channels, was completed in just 10 months, providing feature rich, truly digital retail banking functionalities for AMB.

Since go live, the bank has been processing on average of 40,000 mixed transactions per day, along with 22,000 card transactions and close to 7,000 composite payments transactions on average per day.

The new origination system has helped the bank make the origination process simpler and drive the creation of a pipeline of over AUD61 million worth of loans during just the first month post go live.

AMB is now able to onboard new members and open accounts, complete with transactions enabled, within minutes. The bank has signed up close to 3,000 new accounts across different account types since go live.

The new Internet Banking & Mobile Banking channels have seen a 46% increase in registrations and more notably a 116% increase in the Mobile App registration.

For the first time, AMB users have access to an integrated Personal Finance Management tool which enables among other things budget creation, goal settings and ability to track spends.
Cutting-edge localization capabilities in the solution, including 16 integration touch points, have empowered AMB to establish seamless end-to-end integration with major allied services providers and key partners such as credit bureau, ATM providers and payments solution providers. The Finacle solution also provides the bank out of the box capability for required regulatory reporting.

The solution is hosted out of Infosys datacenters in Australia that conform to ISO-27001 standards for information security. The application has also been certified as being PCI-DSS compliant.

John Ford, Chief Executive Officer, Australian Military Bank, said, “At AMB, we aspire to be a great niche bank by transforming into a modern, nimble, new age digital bank. We chose Infosys Finacle so we could easily adapt to the dynamic and complex banking landscape, while serving our members’ financial needs in a secure manner. The openness of Infosys Finacle means we can readily meet emergent regulatory and customer demands. The Infosys team displayed exemplary commitment to help us not only go live in a very short time but also support ongoing service enhancements. It has been a true partnership to get to this point and positions us well for the future.”

Sanat Rao, Chief Business Officer, Infosys Finacle, said, “Australian banks have been quick to realize that banking tomorrow will look fundamentally different from today. As one of the early adopters in the Australian Mutuals segment to make a truly digital transformation, AMB is clearly pioneering a path and we are proud to be the bank’s partner of choice in their change journey. This successful implementation underlines Finacle’s readiness to enable Australian Mutuals with a proven, fast and low-risk truly digital transformation, easily on cloud.”

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Ericsson Showcases differentiated connectivity for the value of 5G

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Ericsson (NASDAQ: ERIC) showcased its advanced 5G connectivity solutions and innovative 5G use cases based on differentiated connectivity at the Ericsson Imagine Live Roadshow today. Ericsson has announced the launch of a new software toolkit to strengthen 5G Standalone network capabilities and enable premium services with differentiated connectivity. The portfolio enhancement comes as the growth of new use cases and rising mobile user expectations on the quality of 5G experience are putting greater demands on network capacity and performance.

In the ‘Capture the value of 5G’ zone, experience sports like never before with the Enhanced Sports Experiences demo, where a feature-rich app allows sports clubs to engage directly with their vast fan bases, creating new revenue streams. Leveraging network slicing and APIs, service providers can ensure the ultimate fan experience and gain revenue share.In 2024, Ericsson is extending CSP slicing subscriptions to include micro-payments for short-term connectivity needs.

Another demo called Superior Uplink for Live streams, offers seamless real-time livestreaming via commercially available smart glasses, overcoming the hindrance of 5G upload speeds with Uplink Carrier Aggregation. This technology boosts upload speeds by combining frequencies, enhancing performance, promoting Standalone 5G adoption, and optimizing spectrum utilization.

In the ‘Programmable Networks’ zone, we’re showcasing how Ericsson is transforming the mobile network landscape by enabling elevated service differentiation for premium 5G experiences with Service Level Agreement assurance, revolutionizing CSP offerings. Ericsson’s new software toolkit with advanced RAN and Core capabilities empowers CSPs to seize growth opportunities by providing differentiated connectivity at scale. Another demo showcases how our RedCap technology supports CSPs’ business growth by reducing the complexity and size of device platforms for mid-tier use cases, expanding the 5G ecosystem to cater to diverse connectivity needs across consumer and enterprise/industrial segments on both FDD and TDD bands.

The ‘Enterprise Transformation’ zone showcases how critical infrastructure industries such as power plants, wind farms, and oil refineries can enhance worker safety and efficiency with our private 5G networks use case demos. Partnering with RealWear and OverIT, we enable secure, reliable, realtime access to complex data in order to provide an immersive connected worker experience for use in hazardous environments where accurate positioning and the ability to handle a high density of connected devices is required.

In the ‘Shape our Future Together’ zone, we’re building on the successful API showcase at Mobile World Congress 2023 with partners like Zoom and Blacknut. This year we are demonstrating high-demand use cases with world-leading brands such as Toyota and Sony using QoD API with network slicing. This underscores Ericsson’s thought leadership in the Network API and 5G monetization space, aligning with our strategy to build a platform business and our vision of industry cooperation with strong partners.

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OnePlus Announces Pop-Ups Across 7 Cities For Newly Launched Products

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One Plus -Telecom Mirror
Telecom Mirror

NEW DELHI: Global technology brand OnePlus on Friday announced its schedule of pop-ups across seven cities in India, which will take place on February 11, where attendees will be the first to get their hands on the newly launched products OnePlus 11 5G and the OnePlus Buds Pro 2, starting at 11 a.m.

At the OnePlus pop-ups, the first 11 people to buy the all-new OnePlus 11 5G will receive exclusive OnePlus 11 goodies, such as OnePlus products and merchandise.

In the seven major cities, the pop-ups will take place at OnePlus Experience Store, Phoenix Palladium, Mumbai; OnePlus Boulevard, Brigade Road, Bengaluru; Select Citywalk Mall, Saket, New Delhi; OnePlus Experience Store, JM Road, Pune; OnePlus Nizam Palace, Himayat Nagar, Hyderabad; OnePlus Experience Store, Phoenix Market City, Chennai; and OnePlus Experience Store, CG Road, Ahmedabad.

At the Cloud 11 launch event, OnePlus announced an array of its products — 11 5G, 11R 5G, Bus Pro 2, TV Q2 Pro, Pad, and 81 Pro keyboard.

The new line-up of products is distinguished by purposeful designs, industry-leading technology, and advanced interconnectivity, which is set to take the brand’s fast and smooth experience to all new heights.

The OnePlus 11 5G was launched at a starting price of Rs 56,999 which comes in two colourways — Titan Black and Eternal Green.

It features a 6.7-inch display that comes with a refresh rate of 120 Hz.

The smartphone comes equipped with the 3rd Generation Hasselblad Camera for Mobile with a “three-main-sensor” triple-camera system — 50MP+32MP+48MP.

The smartphone also comes powered by the latest Snapdragon 8 Gen 2 chipset with up to 16GB of RAM.

OnePlus has also designed the ideal companion to the OnePlus 11 5G — the OnePlus Buds Pro 2, which promises to deliver a full-bodied, stereo-quality audio experience with crystal clarity.

The Buds Pro 2 is the second generation of its flagship earbuds, which is priced at Rs 11,999.

Apart from the first 11 buyers, other buyers will get an instant discount of Rs 1,000 on the OnePlus 11 5G, on purchase through ICICI Bank Credit Cards and EMI transactions, and up to 12 months No-Cost EMI on purchase using major credit cards.

Source: IANS

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Apple rolls out beta programme for iPhones to enable 5G services

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NEW DELHI: Apple Inc has rolled out a beta programme to enable 5G on Apple devices as the upgrade lets users try out pre-release software.

This software upgrade enables 5G access on Apple devices, as and when service providers Jio, Airtel and Vodafone enable 5G network access, sources said.

Apple Users have to enrol for the Beta Programme on the website, install a profile and download the software.

Jio users using iPhone 12 and above, in cities where JioTrue5G has been rolled out, will be invited to the Jio Welcome Offer. Jio Welcome Offer provides unlimited 5G data at up to 1 Gbps speed to users at no additional cost. However, there is a condition that prepaid users must be on active Rs 239 and above plan. All Postpaid users are eligible for this trial.

Airtel is not providing any special 5G offer like Jio to their users. In the cities/areas in which the Airtel 5G network has been launched, users can trial 5G services as a part of their existing plan, once they have updated the latest Apple Beta software.

While an email sent to Apple did not solicit an immediate response, the firm had last month stated: “We are working with our carrier partners in India to bring the best 5G experience to iPhone users as soon as network validation and testing for quality and performance is completed. 5G will be enabled via a software update and will start rolling out to iPhone users in December”.

Airtel and Jio customers on iPhone 14, iPhone 13, iPhone 12 and iPhone SE (3rd generation) models can experience 5G as part of Apple’s iOS 16 Beta Software Program. The Apple Beta Software Program is open to anyone with a valid Apple ID who accepts the Apple Beta Software Program Agreement during the sign-up process.

If a user has an iCloud account, that is an Apple ID, it is recommended they use that. If they do not have an iCloud account or any other Apple ID, they can create one.

Customers who want to try the beta software should back up their iPhones before installing the beta software. It is recommended to install the beta software only on non-production devices that are not business-critical. Users can also provide feedback to Apple on quality and usability, which helps Apple identify issues, fix them, and make Apple software even better.

The iOS beta comes with the built-in Feedback Assistant app, which can be opened from the Home screen on the iPhone or iPad or from the Dock on the Mac.

Source: Press Trust of India

 

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