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Bank of Sydney appoints Nucleus Software

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NEW DELHI: Nucleus Software, the leading provider of lending and transaction banking products to the global financial services industry, announced that Bank of Sydney has chosen Nucleus Software’s flagship lending solution, FinnOne Neo, to accelerate its digital lending transformation strategy.

Bank of Sydney wanted a sophisticated lending solution to automate and digitize the origination processes for mortgages and credit cards. This would enable greater end-to-end acquisition and management of online customers.

With FinnOne Neo, Bank of Sydney will be able to launch new products faster, accelerate growth and offer next generation digital banking experiences to its customers. The solution will digitize the bank’s complete, end-to-end loan lifecycle. FinnOne Neo will enable Bank of Sydney to connect with customers across a range of channels, while helping them make better credit decisions faster.

FinnOne Neo is the next-generation lending solution built on an advanced technology platform, designed to shape the future of lending across Retail and Corporate sectors. The solution also helps comprehensive loan servicing and sophisticated delinquency management. FinnOne Neo has been designed to meet the challenges of delivering agile and efficient solutions while reducing the cost of operations. With implementations across 50 countries, FinnOne has been recognized as the world’s best-selling lending solution for over 10 years.

Miltos Michaelas (CEO, Bank of Sydney) said, “As our customers’ needs evolve, technology has an ever-greater role to play in helping us achieve our goals. FinnOne Neo will allow us to launch new products faster, accelerate growth and offer a great digital banking experience to our customers. Ultimately, it will free up our people so that they can spend more time doing what matters – helping customers manage their banking needs”

Parag Bhise (CEO, Nucleus Software) said, “We are delighted to welcome Bank of Sydney to our rapidly growing customer base in Australia and to our global family of more than 200 financial institutions. Bank of Sydney with its belief in the power of real human connection, understands the need to embrace technology while delivering value to the customers. FinnOne Neo will give them the enhanced capabilities to build strong enduring relationships with their customers ”.

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Spectrum allocation to Indian Railways and provision of more modern signalling solutions to boost all round safety in operations

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NEW DELHI: Signalling System enhances safety in train operations. Upgradation and replacement of equipments in use over Indian Railways is a continuous process and is undertaken based on its condition, operational needs and availability of resources.

In order to further improve safety in train operation and generate additional line capacity, modernisation of Signalling System has been taken in hand which includes –

Provision of Electronic Interlocking (EI) to increase Safety and Flexibility – Electronic Interlocking are being adopted on a large scale to derive benefits of digital technologies in train operation and to enhance safety. So far 2221 stations have been provided with Electronic Interlocking upto 30.04.2021 covering 34% of Indian Railways. A policy decision has also been taken to provide Electronic Interlocking (EI) in future. Further, 1550 EIs are planned to be provided in next 3 years. This will enhance safety and efficiency of train operations.

Automatic Block Signalling (ABS) to increase Line Capacity – In order to increase line capacity to run more trains on existing High Density Routes of Indian Railways, Automatic Block Signaling is a cost effective solution. As on 30.04.2021, Automatic Block Signaling has been provided on 3447 Route km. Indian Railways has planned roll out of automatic signalling on around 15000 Rkm of high density and freight intensive routes. The roll out is planned to be undertaken in Mission Mode. With implementation of automatic signalling, increase in capacity will accrue resulting in more train services becoming possible.

Safety at Level Crossing gates – Enhancing Safety at Level Crossing Gates has been a major area of concern. Safety gets enhanced by interlocking level crossings with Signals. As on 30.04.2021 Indian Railways have provided interlocking with Signals at 11705 Level Crossing Gates to enhance the safety at Level Crossings.

Automatic Train Protection (ATP) System as an aid to Loco Pilot to prevent human error – ATP systems are being used by advanced Railway systems in the world as an aid to the Loco Pilots. These systems prevent collisions due to any human error by Loco Pilot. In order to improve safety, a decision has now been taken to provide ATP systems on Indian Railways (IR) in a Mission Mode.

So far IR was dependent on foreign technology for ATP systems. IR with Indian firms has now successfully developed indigenous cost effective technology for ATP – called Train Collision Avoidance System (TCAS). It has been decided to adopt TCAS as the National ATP of India under the ‘AtmaNirbhar Bharat’ Mission of Hon’ble PM. TCAS has been approved for 37300 RKm covering important routes in 1st phase.

The roll out of TCAS will eliminate train collision due to human error and enhance speed potential of IR thereby reducing travel time.

It may be noted that giving a boost to ‘Aatmanirbhar Bharat’ Mission, Government has approved allotment of 5 MHz Spectrum in 700 MHz frequency band to Indian Railways for public safety and security services at stations and in trains.

With this spectrum, Indian Railways has envisaged to provide Long Term Evolution (LTE) based Mobile Train Radio Communication on its route.

The estimated investment in the project is more than Rs. 25,000 Crore. The project will be completed in the next 5 years.

It brings a strategic shift in Railways’ operations and maintenance regime. It will help in improving the safety and increasing the line capacity to accommodate more trains using the existing infrastructure. The modern rail network will result in reduced transportation cost and higher efficiency. Also, it will attract multinational industries to set up manufacturing units to fulfill the ‘Make in India’ Mission and generate employment.

The purpose of the LTE for Indian Railways is to provide secure and reliable voice, video and data communication services for operational, safety and security applications of Railways. It will be used for :

Deployment of Modern Cab based Signalling System with Automatic Train Protection which will increased safety & throughput in train operation. Also, help during fog.

Mission Critical Voice Communication with seamless connectivity in train operations between Driver, Guard, Station Master, Train Traffic Controller & Maintenance staff.

Monitoring Limited Video Surveillance (Live Feed) through CCTV cameras in Trains to enhance passenger security.
For IoT based Asset monitoring specially the rolling stock.

Passenger Information Systems (PIS) in trains & at stations.

In addition to LTE initiative, Other major initiatives in Railway Telecom are:

Wi-Fi facility has been extended at 6002 stations and 101 balance feasible stations will be covered soon. Out of which 70% stations are of rural area.This facility is being used by passengers, local vendors, coolies, etc.

To improve security CCTV System has been provided at 801 stations and balance are also planned.
92% Route of the Railway has been covered with OFC based system (62,205 RKms). This is being used for Railway’s internal communication and spare capacity is being commercially utilized by RCIL.

Indian Railway is deploying e-filing system on a big way. To improve administrative works, e-office has been provided at 185 Units including all Divisions, Zones, CTIs & PUs. More than 1.35 Lakh users are using this and over 15.0 Lakh e-file are created till now. Existing physical files are being converted into digital files.

For above modernization of Signalling and Telecommunication, Indian Railways has envisaged investment of nearly Rs 55,000 crore.

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Anritsu base station simulator supports Korean eCall automatic emergency response system

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NEW DELHI: For Evaluating South Korean eCall over LTE (NG-eCall) IVS, Anritsu Corporation (President Hirokazu Hamada) has developed an option for South Korean eCall when used in combination with the company’s base-station simulator/signalling tester MD8475B and eCall Tester MX703330E software as a solution for testing eCall*1 automobile emergency response systems.

This option can evaluate an in-vehicle system (IVS) supporting South Korean eCall over LTE (uses NG-eCall standard).

Background to Korean eCall

Immediately after an accident, the eCall IVS makes an emergency voice call to the emergency response center (PSAP*2) to send details about the accident; this early accident report and dispatch of emergency rescue personnel when required is expected to help save lives by reducing deaths from serious injuries. South Korea is making fast progress in development of its eCall system, which will be mandatory in all new vehicles.

Product Outline

Anritsu’s Signalling Tester MD8475B is a base-station simulator for simulating the mobile network configuration used by eCall. The eCall Tester MX703330E software emulates the communication sequence between the eCall IVS and PSAP center.

Adding this developed South Korean eCall option to the MX703330E supports performance of the South Korean eCall function test and end-to-end voice evaluation defined by ITSK-WD-19003*3 over a simulated LTE network.
The spread of the LTE-Advanced communications system is accelerating adoption of larger-capacity in-cabin eCall telematics units and Anritsu is the first in the business to support all-in-one gigabit LTE simulation and NG-eCall IVS evaluation with its Signalling Tester MD8475B for both speeding-up and cutting test costs for telematics units.
DETAILS ABOUT MD8475B AND ECALL SOLUTION

Technical Terms
*1 eCall
Emergency information system for reporting major automobile accidents using wireless communications network and expected to facilitate rapid deployment of emergency assistance to help save lives
*2 PSAP
Abbreviation for Public Safety Answering Point functioning as eCall emergency response system center
*3 ITSK-WD-19003
Standard related to methods for testing interface between ITS Korea eCall (uses NG-eCall standard) terminal and remote server

 

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ANAROCK joins hands with Upflex

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NEW DELHI: ANAROCK, India’s leading independent real estate services firm, has announced that it will make Upflex, a hybrid booking platform with the largest global network of flexible workspace, available to companies in India.

ANAROCK has signed a formal agreement with U.S.-based Upflex Inc. to deploy Upflex’s services across tier 1, 2 and 3 cities in India. The agreement combines Upflex’s technology, processes, and corporate mandates with ANAROCK’s national distribution platform to offer a highly customizable workspace program.

“The unique workspace solution that Upflex offers is highly relevant today, when the country is still coming to grips with the pandemic,” says ANAROCK Chairman Anuj Puri.

The Upflex solutions portfolio is designed to replace traditional leasing models with a low-touch, single-vendor alternative, streamlining real estate, reducing overheads, conserving resources, and improving the employee experience,” says Rohin Shah, Director, ANAROCK Group.

Via the intuitive Upflex mobile app, employees can search thousands of workspaces across 1,600 cities and 75 countries, and book conveniently located desks, offices and meeting rooms on demand. Employers can track usage activity for their distributed workforce, see detailed utilization data, and handle all bookings across thousands of spaces and space operators in one invoice.

“We are proud to join forces with ANAROCK. Combining our leading-edge technology and global network coverage with ANAROCK’s unparalleled expertise of the Indian market is a winning formula” says Upflex Chief Executive Officer Christophe Garnier, based out of New York. “Our expansion into India marks a milestone moment in the growth of Upflex as we introduce our products to new audiences and help the world get back to work flexibly and safely.”

Garnier adds, “We welcome the opportunity to forge new partnerships with flex workspace providers across India as we have done with great success around the globe.”

ANAROCK will also be launching Upflex’s Safe Spaces™ initiative, a global programme aimed helping businesses of all sizes ramp up operations as Covid-19 restrictions are lifted, helping employees return to the workplace and access spaces that follow strict health and safety guidelines.

Participating companies will be differentiated by a Safe Spaces™ logo and a health and safety filter on the app and desktop, allowing employees to easily identify and book spaces that are part of the program nearer to home – reducing commute times and boosting productivity, safety, and employee satisfaction.

Upflex Chief Strategy Officer Vincent Lottefier, a three-decade veteran in the corporate real estate industry, was previously CEO of Jones Lang LaSalle India and worked closely with Anuj Puri during and after the merger of real estate consultancy Trammell Crow Meghraj and Jones Lang LaSalle in 2007. Lottefier will join the Advisory Board of Upflex India.

With ANAROCK as operational partner, they will work with commercial space developers, landlords, corporates, and real estate brokerages to grow Upflex’s footprint to an estimated 1000 centres across India in the next 12 months.

 

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