VARINDIA IT MAGAZINE

To support digital payment system, Hon’ble Union Finance Minster Arun Jaitley formally inaugurated Paytm Payments Bank recently. Paytm Payments Bank is mobile-first bank with zero charges on all online transactions and no minimum balance requirement. The bank has been designed to help achieve financial inclusion in the country and is in line with Paytm’s mission of bringing half a billion Indians on to the mainstream economy. The company has planned an investment of $500 million in KYC (Know Your Customer) operations. It is also setting up KYC centres across India to complete KYC for customers and make them eligible for a Payments Bank account..... Read More

Microsoft Corp. and SAP SE have announced integrated offerings to provide enterprise customers with a clear road map to confidently drive more business innovation in the cloud. In a bold show of commitment, the two companies also announced they will be deploying each other’s cloud solutions internally. Through their unique partnership, the companies will co-engineer, go to market together with premier solutions and provide joint support services to ensure the best cloud experience for customers. SAP HANA Enterprise Cloud – SAP’s private managed cloud service – on Microsoft Azure will allow customers to run SAP S/4HANA in a secure, managed cloud. Additionally, Microsoft will deploy SAP S/4HANA on Azure to help run its own internal finance processes, and SAP will move its key internal business critical systems to Azure. Finally, SAP Ariba is currently utilizing Azure and is exploring further use within its procurement applications....... Read More

Considering the TRAI’s recommendations on Net Neutrality, the Internet and Mobile Association of India (IAMAI) has said that the recommendations are progressive in nature and are in line with the debates in the industry and user groups that have been raging for the last two years. For the industry, the recommendations are pragmatic in the sense that it recognizes the requirements of expansion of digital services in the country, when it makes reasonable exceptions for specialized services, reasonable traffic management practices or fulfilling international treaty agreements. Special provisions for IoT, specialized services and CDNs reflect forward-looking recommendations that take into account the needs of the foreseeable future. The TRAI recommendations ensure level-playing field in enabling emerging service providers to reach out to target audiences on the same terms with their peers. At the same time, recognition of special sectors like IoT, CDNs ensure that emerging sect

ABB and Hewlett Packard Enterprise (HPE) have entered into a strategic global partnership that combines ABB’s digital offerings, ABB Ability, with HPE’s innovative hybrid information technology (IT) solutions. The partnership will provide customers with solutions that generate actionable insights from vast amounts of industrial data to increase efficiency and flexibility of their operations and create competitive advantage. “This alliance between two global leaders is unprecedented in terms of breadth and depth, and it will be groundbreaking for the progress of the Industrial Internet of Things,” said Meg Whitman, CEO, HPE. “Together with ABB, we will shape a digital industrial future where everything computes, equipping machines with intelligence to collaborate, allowing plants to flexibly adapt to changing demands, and enabling global supply chains to instantaneously react to incidents. This partnership will create exciting business opportunities for our joint customers.”....