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GLOBAL NEWS

Isybank Attracts 90,000 New Customers Amid Regulatory Setback for Intesa Sanpaolo

A setback to Intesas fintech goals occurred when its digital subsidiary, Isybank, gained over 90,000 new customers after an antitrust ruling stopped t

A setback to Intesas fintech goals occurred when its digital subsidiary, Isybank, gained over 90,000 new customers after an antitrust ruling stopped the movement of current consumers. The competition authorities required express authorization before moving a client, which impacted Intesas goal of moving 2.3 million customers. Nevertheless, Intesa hopes to have one million more Isybank customers by the following year. Massimo Proverbio, chief technology officer, pointed out that delays impacted the current client strategy but not the shift to digital. Isybank, fueled by Thought Machines core banking technology in London and cloud services from Telecom Italia and Alphabet, encountered legal challenges as digital service usage increased in Europes banking sector. With plans for Intesas further migration by 2026, BNP Paribas hopes to achieve significant cloud integration by 2025. Read More..

B2B Tech News | 1 months ago      

Zomato Grapples with Another Tax Blow Rs 2 Crore Demand Order Hits Online Food Delivery Giant

Zomato, an online meal delivery service, has to deal with an additional tax challenge after a Delhi sales tax inspector issued a demand and penalty or

Zomato, an online meal delivery service, has to deal with an additional tax challenge after a Delhi sales tax inspector issued a demand and penalty order for more than Rs 2 crore. The ruling, which covers April 2018 to March 2019, calls for the payment of Rs 2,22,91,376 in GST, Rs 2,08,98,164 in interest, and Rs 22,29,136 in penalties. Zomato intends to contest the ruling, claiming it has a compelling argument. This comes after a recent Rs 11.81 crore GST demand, penalty order, and letters about purportedly inadequate GST payments of Rs 4.2 crore in 2018. Zomato continues to face regulatory obstacles and has regular runins with tax officials. Read More..

B2B Tech News | 1 months ago      

State Bank of India Chooses HCL Software for MarTech Solution in Digital Transformation Drive

The State Bank of India SBI has selected HCL Software for its MarTech solution, an integral part of SBIs digital transformation programme. Over the fo

The State Bank of India SBI has selected HCL Software for its MarTech solution, an integral part of SBIs digital transformation programme. Over the following five years, HCL Unica will be deployed to modernise SBIs customer contact framework. It will provide tailored communication across various digital marketing channels while abiding by data protection laws. Using realtime data for multichannel digital marketing efforts, SBI hopes to improve customer interaction precision and relevance using HCL Unicas Customer Data Platform and AI capabilities. This collaboration demonstrates HCL Softwares capacity to accelerate digital transformation at scale and assist SBI in providing better customer service and engagement. Read More..

B2B Tech News | 1 months ago      

Germany Accuses Russia of Cyberattacks NATO and U.S. Echo Allegations

Germany has charged Russia with conducting cyberattacks on its aerospace and defence companies, the governing party, and other European targets. The a

Germany has charged Russia with conducting cyberattacks on its aerospace and defence companies, the governing party, and other European targets. The allegations were repeated by the Czech Republic, NATO, and the US State Department however, Russias embassy in Berlin denied them, citing them as attempts to stir up antiRussian feelings. The assaults targeted vital infrastructure operators and government institutions in several European nations, including Slovakia, Germany, Lithuania, Poland, and Sweden. Germanys government called Russias envoy to express disapproval of the effort, which was reportedly planned by a group connected to Moscows GRU military intelligence agency. The goal of the attacks was to erode trust in democracy, which led Germany and its allies to promise a solid reaction to Russias hostile online actions. Read More..

B2B Tech News | 1 months ago      

Digi Yatra Overhauls Digital Travel Service Amidst IT Provider Shift

The Ministry of Civil Aviations digital travel service, Digi Yatra, is going through significant changes due to problems with DataEvolve, its former s

The Ministry of Civil Aviations digital travel service, Digi Yatra, is going through significant changes due to problems with DataEvolve, its former supplier of IT systems. Collaboration with premier Indian IT firms like Infosys and TCS is underway. Users seemed confused by the recent switch to a new app, significantly reducing the number of daily users. CEO Suresh Khadaknbhavi said a domain change was the primary cause of the move. The foundation wants to improve privacy protections and increase the number of users. Digi Yatra also intends to increase user engagement and grow globally by partnering with media outlets and running educational programmes. These initiatives will guarantee more seamless travel experiences and promote app safety features. Read More..

B2B Tech News | 1 months ago      

Microsoft Makes Historic $2.2 Billion Investment in Malaysia for Cloud and AI Expansion

Microsoft announced a $2.2 billion investment plan in Malaysia that would take place over four years, with the primary goal being the expansion of clo

Microsoft announced a $2.2 billion investment plan in Malaysia that would take place over four years, with the primary goal being the expansion of cloud and artificial intelligence services. With this project, Microsoft is making its most significant commitment to Malaysia in its 32year existence. The investment is to build cloud and AI infrastructure, train 200,000 people in AI, and assist regional developers. CEO Satya Nadella emphasised the need to build worldclass infrastructure in Malaysia to benefit businesses and entrepreneurs. Microsoft also plans to work with the Malaysian government to strengthen cybersecurity in the country and create a national AI centre of excellence. This project reflects Microsofts worldwide ambition to advance AI development, including plans for a regional data centre in Thailand and recent investments in Indonesia. Read More..

B2B Tech News | 1 months ago      

Shell Beats Expectations with Strong FirstQuarter Profit of $7.7 Billion

Driven by strongerthanexpected refining margins and solid oil trading, Shell posted a firstquarter profit of $7.7 billion, above analyst projections o

Driven by strongerthanexpected refining margins and solid oil trading, Shell posted a firstquarter profit of $7.7 billion, above analyst projections of $6.5 billion. CEO Wael Sawan praised the outcomes as evidence of solid operational and financial success. The business declared a $3.5 billion share repurchase programme, which it expects to finish in three months while keeping its dividend intact. Shells earnings, albeit down 20% from the prior year, are consistent with a declining petrol price industry trend. Adjusted profits for its chemicals and products segment increased significantly to $2.8 billion. As net debt drops to $40.5 billion from $43.5 billion in 2023, Shells strong performance highlights the optimism in the market. Read More..

B2B Tech News | 1 months ago      

India, Russia to Explore Mutual Acceptance of Payment Cards RuPay and Mir

RuPay and Mir, two payment cards that Russia and India have agreed to investigate accepting one anothers cards, will allow for easy transactions betwe

RuPay and Mir, two payment cards that Russia and India have agreed to investigate accepting one anothers cards, will allow for easy transactions between the two countries. This agreement was made to facilitate crossborder payments in Russian rubles and Indian rupees during the IRIGCTEC summit, which was presided over by Denis Manturov of Russia and S. Jaishankar of India. The action addressed the necessity for alternate payment sources in light of the Western sanctions on Russia. Possible interactions between Russias FPS and Indias UPI, as well as the adoption of Russias financial messaging system and crossborder connection between UPI and Singapores PayNow, were also discussed. To improve Indias robust payment infrastructure—fueled by NPCIs efforts like RuPay, IMPS, UPI, and others—State Bank of India, Indian Overseas Bank, Indian Bank, and ICICI Bank will facilitate inward and outbound remittances. Read More..

B2B Tech News | 1 months ago