India gets micro- technology
Gemalto has introduced smart card technology with biometric authentication for Financial Information Network and Operations in India, says SecureIDNews.
The solution stores transaction records inside the smart card to enable micro-banking, and simplifies access to financial services for the under-banked population in rural India.
Transactions are approved after fingerprint information is read using low-cost readers and then verified by the card micro-computer at businesses.
Female financial technologists recognised
Nominations are open for the European Banking Technology Award's Outstanding Contribution by a Female in Financial Technology prize, says Women in Technology.
Sponsored by womenintechnology.co.uk, the award helps to raise the profile of leading female technologists.
Last year's winner was Cheryl Newton, of Credit Suisse, for her leadership in the firm's Environment Simplification Programme and IT Portfolio Management project.
Alliance invests RM260m in IT
Alliance Banking group will invest about RM260 million for IT capital expenditure over the next three years, says The Star online.
Alliance invested the money to adopt the SAS Banking Intelligence Solutions framework, provided by SAS Malaysia.
Last year, the bank invested RM90 million to build Web-based infrastructure for its contact centre, telesales and collections centre.
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