News for 'infrasofttech'

InfrasoftTech to buy US co

Riding on increasing global demand for its anti-money laundering software, banking software solutions provider Infrasofttech is planning to expand its American operations

'e-RUPI may completely negate pilferage'

The launch of e-RUPI, a person- and purpose-specific digital payment solution, by the government is expected to completely negate any pilferage and will ensure full benefit to intended beneficiaries, India Inc said on Monday. Prime Minister Narendra Modi has launched e-RUPI, which is aimed at improving transparency and targeted delivery of benefits. PHD Chamber of Commerce and Industry president Sanjay Aggarwal said that the move is a significant step to enhance the digitisation process of the country.

Banks should not feel threatened by fintech companies

'There will be partnerships between banks and fintech firms, but there will also be areas where they will be direct competitors.'

New market opens up for IT firms

How to save yourself from financial frauds, online and offline

India recorded 50,035 cases of cyber crime in 2020, an 11.8 per cent surge in such offences over the previous year, according to the National Crime Records Bureau (NCRB) data. The Reserve Bank of India (RBI) last week once again cautioned bank customers of fraud, including those in Know-Your-Customer (KYC) cases. In fact, certain frauds have become more prevalent than others, and being aware of them is the first step towards protect yourself. Mayur Joshi, chief executive officer, Indiaforensic.com, a company engaged in the prevention, detection, and investigation of frauds says, "It is necessary to learn, to read about these scams."

There's more to bank frauds than meets the eyes

A common feature in India is the lag between the occurrence of frauds and the time they are actually reported.

Banks debate cyber security alliance against hackers

A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.