Managed service provider

Imagine what banks looked like before 1970. Long queues and particularly long waiting period for just about any transaction was normal. People were customers of a branch and not really a parent bank. All transactions could be performed at your particular branch only. Any entry only reflected after more than 24 hours as information went to data centers in batches at the end of the working day. However, over the next 40 years most banks chose to create a Centralized Online Real-time Exchange or Environment (CORE) to manage their operations, thus giving rise to Core Banking. In India alone, the number of public sector bank branches with core banking implementation went from 79.4% in March 2009 to 90% in March 2010. All over the world, the numbers are closing in on cent per cent. According to US-based research and advisory firm Gartner, core banking system (CBS) is basically a back-end system that performs banking transactions on a daily basis and updates accounts and ...

The dawn of Digital Transformation marks the beginning of a technological revolution. This decade is all about connecting people to smart devices and transforming the way business is done. As we step into the digital era, smart cities, smart homes, smart retail, smart farming, connected cars, connected wearable devices, and connected healthcare is gaining popularity. Surely, the Digital era brings a connected life for Indians with a connected society. In the technological rat race, the Internet of Things (IoT) has become an important trend transforming the Indian industries. It has the potential to bring in the next industrial revolution serving not just humans but humanity. The IoT cloud platform stores huge data generated by the sensors, websites, and applications enabling real-time solutions, responses and analytics. As the world turns increasingly digital, IoT has unlocked its potential to change interactions between humans and machines thus transforming li...