Mobile Phones
Australian Military Bank powers digital transformation with Infosys Finacle on Cloud
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.”
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
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
NEW DELHI: Bharti Airtel, India’s premier digital communications solutions provider, today announced multiple new products in its cloud portfolio ahead of the 5G service launch. The new cloud offerings will fall under Edge Cloud Portfolio and will include Edge CDN. Airtel will utilise Qwilt’s Open Edge Cloud solution for deployment.
Airtel Cloud’s Edge content delivery network (CDN) accelerates web and video content delivery by using its edge network to bring content as close to users as possible. This reduces latency, costs and load on servers making it easier for enterprises to focus on app performance. This service is especially useful in OTT, Ed-Tech, Gaming and Healthcare sectors.
Airtel Cloud’s Edge CDN service is network optimised as it uses 120 edge locations, network strength and share of mobility handset to bring better customer experience to customers. Airtel is working with two of the largest OTT companies in India and others on this platform.
Speaking about Airtel Cloud’s Edge Portfolio, Mr Ajay Chitkara, Director and CEO, Airtel Business Said, said, “With 5G around the corner, businesses will leverage the low latency, high bandwidth and high device density of the 5G spectrum to solve critical problems using edge computing. Airtel has three key strengths to offer a differentiated set of cloud offerings – we have 12 large data centres and 120+ edge locations. We also have a network with comprehensive coverage across the country and to most locations across the globe. Finally, our GTM strength has direct relationships to all businesses in India small, medium or large.”
Speaking about the partnership, Mr. Alon Maor, CEO, Qwilt, said “Airtel is a tremendously exciting addition to our global ecosystem of service providers, and we are delighted to power a unique content delivery service offering in India. Our edge architecture provides a new economic model for streaming delivery, in which Airtel Cloud’s Edge CDN plays a central role in the end-to-end value chain. This announcement underscores the momentum we are gathering as we realize our ambition to build the world’s highest preforming edge delivery network.”
Airtel has been spearheading 5G throughout India. It recently became the first company to test a captive private network at the Bosch facility in Bengaluru. Airtel is also rolling out its Edge compute service to customers. This will bring 5G private network and edge computing in a single box with a view to target factories, warehouse and ports, airports who will need low latency and high bandwidth network, IOT devices to collect and computing prowess to process the data.
Airtel also announced that as we move ahead, there will be many targeted cloud solutions coming in for specific industry needs like Banking, 5G Edge, Developer and hybrid cloud requirements on an immediate basis.
