innovationinbanking

           In the last two weeks Pine Labs has released two Press Releases on its media section. Press Release 01 dt.March 19, 2019 - Pine Labs signs definitive agreement to acquire Qwikcilver for USD 110 million Highlights of Press Release dt.March   19, 2019 - -   India's leading merchant platform company, Pine Labs,   announces that it has signed a definitive agreement to acquire Bangalore-based gift card solutions provider, Qwikcilver, for USD 110 million.   Qwikcilver, founded in 2006, is a full-stack gift card service provider, powering nine out of every 10 gift cards in the country and managing an annualized gross transaction value of USD 1.5 billion across India, Middle East and South East Asia. Press Release 02 dt.March 27, 2019 - Pine Labs collaborates with Google Pay in India Highlights of Press Release 02 dt.March 27, 2019 -- Pine Labs, a merchant platform company, has announced a ...

           National Payments Corporation of India vide Notification released couple of days back , has invited EOIs from Global Players to be parts of its Blockchain journey.            Bidders interested in showcasing their capabilities in distributed ledger technology / Blockchain in the payment domain are encouraged to take part in this EOI-Expression of Interest.           NPCI intends to develop a Resilient, Real Time and Highly Scalable Blockchain solution. The proposed NPCI distributed ledger technology / Blockchain   solution is to be on an open source technology/framework/solution. Reading of various articles available on World Wide Web show that the current Blockchain solutions are primarily focussed on the Trade Border Payments. Examples of few such articles are : SWIFT India and MonetaGo Partner to Benefit Indian Banks dt 20/1...

          In the last week of January 2019, State Bank of India released ‘Request for Proposal’, to set up a “Next Generation Global Cyber Security Operations Centre” or in short Next Gen GCSOC.           The due date for responses to be received was 16 th February 2019, however prospective bidders sought extension of dates.           The final date for submission of the document is 18 th March 2019 and State Bank of India-Security Operations Centre Team has made it clear that there will be no more extension of the bid date.           The basic qualification for the SIEM Solution is that it must have figured in the The SIEM solution proposed to be offered to the Bank by the bidder must have been part of Gartner’s Leader / Challenger Quadrant consistently for the three years i.e. year...

We Indians deploy Tadka in our daily dishes to release the flavour of spices into respective dishes. Majority of Indians have wonderful memories of Tadka when the dishes are being prepared. The English equivalent of Tadka is ‘Tempering’. In layman terms, ‘Tadka’, is the technique in which whole or ground spices are briefly roasted in oil or ghee (clarified butter) in order to release their essential oils, thus making their flavor more aromatic. The ‘Tadka’, technique is popular across India, Bangladesh, Pakistan, and Sri Lanka. Tadka is also called chounk, tarka, bagar, and other names in various languages. The spices used in Tadka also change from dish to dish, place to place, house to house. The Tadka is unique to each person preparing the dish, and it is difficult to replicate it. A minute change of the species added to Tadka is enough to bring in new flavours to the dish. After roasting, the tadka is added to the dish, oil and all. It is a common addi...

          It is a pain to search for INR2 coin when rushing to Answer Nature’s Call           Chennai Metro is steadily seeing its usage rise. The average number of commuters is now at 90,000. There has been a spectacular jump of commuters after the opening of the final stretch of Phase I project from AG-DMS to Washermanpet in the third week of February 2019. The Last stretch of the Chennai Metro Rail Project from AG-DMS to Washermenpet of 10 kms has been completed and was inaugurated by the Hon'ble Prime Minister of India, Shri Narendra Modi.           Phase 1 of Chennai Metro has 32 stations spread across Blue Line and Green Line.           On the most important decisions at the conceptual stage of Chennai Metro is to connect the Chennai Airport in the first phase itself.  ...