Elets Online

In another step to digitally strengthening the payments, Delhi Metro launched ‘Autope’ mobile app which offers an auto top-up smart travel card to the commuters.

To empower financial systems in rural areas and provide access to digital platforms, the Government of Andhra Pradesh will make the UPI payments available in over 15,004 villages/ward secretariats.

In order to drive more foreign investments to India, Union Minister for Road Transport and Highways and Minister for MSMEs, Nitin Gadkari stated India as the best destination for foreign investment with high returns on July 24 and urged European investors to invest in India.

In order to improve its connectivity and make the system more integrated, the Indian Railways has decided to take a significant step of installing Radio Frequency Identification (RFID) Tags in all wagons by December 2022.

Using video conferencing tool, Prime Minister Narendra Modi laid the foundation stone for the water supply project in Manipur on July 23.

In a bid to extend medical health services to the differently-abled, Kerala Health Minister, KK Shylaja, on July 21, launched a state-of-the-art free mobile clinic for differently-abled people in Kozhikode district.

KT Rama Rao, Minister for Municipal Administration and Urban Development, Telangana is to lay the foundation stone for the elevated corridor between Nalgonda crossroads and Owaisi junction today, on July 23.

Verizon Business and IBM, on July 16, announced that they are entering into a collaboration to work together on 5G and edge computing innovation to help enable the future of Industry 4.0.

With a new tech to tackle the COVID menace, CSIR-CMERI, Durgapur, launched the COVID Protection System (COPS) for Workplace as an effective tool for preventing the spread of Coronavirus in the current scenario.

All the important banking features offered By Federal Bank that are required by our customers are digitised. We ensure that our customers don’t face any problem in maintaining their accounts.

In the month of March, the Reserve Bank of India (RBI) has announced a moratorium to defer the repayment of loan installment by 3 months, which was availed by almost 40 percent of the customers.

Technology was always an integral part of the banking sector but the importance given was negligible, in terms of deployments. During Covid-19 situation, technology has outshined by offering plenty of options and ways to handle the crisis.

Covid-19 pandemic has necessitated the need to go digital a little more than the usual as social distancing is the call for the hour. Cybercriminals, however, taking advantage of the situation trying to compromise the security net across the banking and financial sector, talking the focus on cyber-related investments.

Challenges and opportunities go hand-in-hand. While implementing technology solutions during COVID-19 outbreak, at a massive scale, has been a challenge, the appreciation of the IT/ Technology department, especially from the top management, has been the opportunity.

It processes various types of data, including structured and unstructured data, says Amr Awadallah, Chief Technology Officer and Co-Founder, Cloudera, in conversation with Poulami Chakraborty of Elets News Network (ENN).