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IBM Helps Bank To Draw Data Insights

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IBM has announced that Central Bank of India, a premier bank in India, is leveraging IBM analytics to radically transform its financial management processes which includes activities ranging from budgeting to forecasting to liquidity management. The Central Bank of India is now one of the few public sector banks achieving complete automation of corporate performance management activity on a bottoms-up approach.

Central Bank of India also engaged IBM to implement Single Data Repository in addition to its analytics solution. After full implementation, the Bank will be able to get a consistent, 360-degree view of each customer across all bank branch and product lines and uncover hidden insights in customer data, so as to anticipate needs, reduce churn, increase wallet share and make smarter decisions that maximize customer satisfaction and profitability.

The convergence of a number of factors including the constantly changing regulatory environment, as well as the desire to uncover deeper customer insight from massive data, were the key drivers behind the Bank’s decision to streamline its financial systems.

As a result of IBM’s solution for corporate performance management, the company is now able to gain better insight into branch and regional office performance, allowing for further flexibility and quicker shifts in strategy to drive improved results while also maintaining regulatory compliance.

The entire budgeting exercise of the Bank is now conducted through IBM’s solution which cuts planning cycle time in half and significantly improves accuracy of financial reporting by automating previously time consuming manual processes and ensuring that systems across the Bank’s locations and product lines are interconnected. This enables the Bank to get real-time insight on performance efficiency as well as the capability to track deposits, loans and non-performing loans data on a daily basis.

Shell Retail Demonstrates Its Commitment To Fuel Economy
Shell, the world leader in fuels, has announced Shell Fuel Economy Refresh, an important initiative to reinforce its commitment to fuel economy. As part of this campaign, Shell Retail India aims to emphasize the value of Fuel Economy and the long-term benefits of adopting fuel efficiency as a way of life.

At the heart of this campaign is the commitment of Shell Fuel Economy Formula, a breakthrough development in fuels technology that promises to help drivers go further. Shell Super, the petrol and diesel variation of the regular maingrade fuel, that is available in India, ensures greater fuel efficiency through superior quality.

The cleaning system in Shell Fuel Economy is designed to prevent the build-up of deposits that can harm an engine’s performance over time. Friction and build-up of deposits on the engine are known to cause engine operation problems. Over a period of time, fuel and lubricants tend to  wear down the engine by leaving behind deposits causing poor driveability, power loss, increased exhaust emissions and thereby increasing the fuel consumption. The Fuel Economy Formula therefore helps maximise the amount of fuel energy that can be transmitted usefully to the wheels propelling the extra drive.

PM Endorses Shashi Tharoor's Google+ Hangout On His FB
Higher education is one of the principal drivers of the economic growth of a country. Minister of state for HRD, Shashi Tharoor will take questions from citizens on the future of higher education in the country. On May 9th, 2013 at 7 pm (IST)  he will be joined by people from across the globe on a Google+ Hangout.

Tharoor is one of the early adopters of social media in India and a true believer in the power of the Internet. His Google+ Hangout will be moderated by senior journalist Sonia Singh. Dr Tharoor will be addressing questions on challenges in higher education like faculty shortage, low number of accredited institutions and more.

Google+ is all about creating a better experience across Google, and provides a powerful communications platform for users. Since its launch in July 2011, the Google+ community has grown rapidly with more than 500 million users worldwide. Google+ Hangouts allow up to 10 people participating at a point of time to join the hangout. You can later share the hangout on YouTube or live stream it using Hangouts on Air.

Watch out for the Google+ Hangout live with Dr Shashi Tharoor on the Google India +Page at google.com/+GoogleIndia or subscribe to the InConversation YouTube channel. You can participate in this hangout by posting your questions for Dr Tharoor on this link.

FIS Is Increasing In Number of ATMs
FIS, a provider of banking and payments technology, has announced that it will supplement its outsourced ATM management and debit card processing for Karnataka Bank with additional ATMs. This new deal follows FIS’ recent announcement to significantly expand its ATM outsourcing operation in India. Once the two new ATM projects are fully implemented, FIS will manage approximately 11,000 ATMs across India. The agreement with Karnataka Bank further highlights the operational gains banks in India realize by outsourcing ATM driving and management to FIS.

Karnataka Bank is a progressive and rapidly growing private sector bank having just reached the milestone of operating 550 branches. By outsourcing their ATM management to FIS, the bank will be able to focus on its core business expansion and customer service initiatives – allowing for more rapid growth while ensuring its customers have a high-quality, reliable ATM service. Under the agreement, FIS will be responsible for site preparation and implementation of new ATMs, transaction switching, cash management and post-implementation services that include preventive maintenance, caretaker services, help desk and operational monitoring.

The announcement underscores a growing trend in India for banks to contract non-differentiating services, such as ATM driving, to expert providers such as FIS. Banks benefit by redirecting investments tied up in ATM equipment and operations to more strategic areas, thus deriving operational efficiencies. In addition, banks can leverage the ATM driving expertise of FIS to deliver a high-quality and reliable ATM service to their customers.

Max Bupa Appoints Somesh Chandra As Director, Customer Services, Operations & Tech
Max Bupa Health Insurance Company has announced the appointment of Somesh Chandra as Director - Customer Services, Operations and Technology. This is in line with Max Bupa’s focus on strengthening its customer service portfolio. In this capacity, Somesh will be responsible for Customer Services, Operations and IT functions.

Somesh’s key responsibility will be to ensure proactive and high quality service to customers by strengthening the IT platform to ensure seamless service delivery. Max Bupa is committed to providing high quality service with SevaBhav to its increasing customer base and Somesh’s contribution will be key to achieve this.  Somesh will report to Manasije Mishra, Chief Executive Officer, Max Bupa and will be based out of the office headquarters in Delhi. Somesh joins Max Bupa from Religare Corporate Services and brings with him over 15 years of experience in the field of Management Consulting, IT and Operations.

An Electronics Engineer and a certified Project Management professional by qualification, Somesh has handled key portfolios in leadership roles at Religare, McKinsey, CSC and TCS.