VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Intending to help banks mitigate risks while complying with the new  Reserve Bank of India's guidelines  in the present volatile financial market,  Oracle  has announced availability of its Financial Crime and Compliance Management (FCCM) solutions in India. Oracle Financial Services Anti-Money Laundering and Fraud Analytics provides an end-to-end solution that leverages a robust data model and comprehensive dashboard capabilities to deliver a single transparent, holistic view of all financial crime and compliance related activities across the enterprise. Gaurav Harode, Senior Director, Financial Crime and Compliance Management, Oracle Financial Services , said, "Conventional rudimentary anti-money laundering solutions have put several banks at the brim of facing negative reputational risk. According to a recent announcement by RBI, the number of reported frauds in the Indian banking system over the past decade stands at c

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   As per the third annual  Cisco Global Cloud Index (2012-2017) , Cisco(NASDAQ:CSCO)  forecasts that global Cloud traffic is expected to grow 4.5-fold -  a 35per cent combined annual growth rate (CAGR)  from 1.2 zettabytes of annual traffic in 2012 to 5.3 zettabytes by 2017. Overall, global data center traffic will grow threefold and reach a total of 7.7 zettabytes annually by 2017. For the period 2012–2017, Cisco forecasts that 7 per cent of data center traffic will be generated between data centers, primarily driven by data replication and software/system updates. An additional 76 per cent of data center traffic will stay within the data center and will be largely generated by storage, production and development data in a virtualized environment. People all over the world continue to demand the ability to access personal, business and entertainment content anywhere on any device, and each transaction in a virtualized, cloud env

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   As per the latest update,  Brocade  has announced appointment of  Ari Bose to the position of Chief Information Officer (CIO) . Responsible for strategic transformation of the global Brocade IT organization, Bose will report to Gale England, Vice-President of Customer Advocacy and Operational Effectiveness. The data center networking industry is in the midst of dramatic transformation. With the increasing pressure being placed on corporate networks to manage rising data volumes and extract the most value out of existing assets in order to increase business efficiency, IT organizations are now a strategic business partner and no longer a backoffice function.  In his new position, Bose will leverage Brocade's world-class portfolio of data center networking solutions and partner solutions to create an IT function that can drive the company forward and become a showcase for the industry. Specifically, Bose is tasked with standa

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   To keep the Indian mobile users connected with their networks across the world without having to worry about the international calling rates,  Nimbuzz  has announced its partnership with Spectranet "hello ip" to make international calling affordable for Nimbuzz users across the country. This move will allow Indians to call abroad using the internet at rates as low as 1 Paisa per second. With this partnership, Nimbuzz and Spectranet “hello ip” are all set to give users an opportunity to make international calls at rates as low as those of domestic calling.  Indian internet users can avail Spectranet “hello ip” by creating an account on Nimbuzz. The service is purely a pre-paid offering and users can recharge their accounts through credit card payments. Spectranet “hello ip” is only an outbound calling service and will not support domestic calling with India. Vikas Saxena, CEO, Nimbuzz , said, “Nimbuzz has always bel