VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   IBM(NYSE:IBM)  has announced that the  Union Bank of India (UBI)  has selected IBM’s data center management services to enhance productivity and improve business operations. The service will enable the bank to enhance reliability and efficiency of critical infrastructure as well as significantly improve data management across multiple locations. Data-sensitive industries like the financial sector require a robust IT infrastructure to ensure enhanced performance across multiple workloads, while at the same time reducing the overall cost. It is, therefore, critical for financial services companies to ensure that their data centers are highly efficient and optimally utilized. “Data centers are the backbone of our business. We needed to ensure that they are equipped with the latest technology and optimally utilized. We chose to engage IBM because of their global expertise in designing and building innovative, energy ef...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Union bank of India along with Nokia has announced the commercial launch of "Union Bank Money powered by Nokia". This service specifically targets users who do not have a bank account, by providing access to financial services through their mobile phones and driving financial inclusion. The service will enable customers to transfer money to other individuals, withdraw cash from Business Correspondents cash-out outlets (registered Nokia stores) and ATMs, pay utility bills as well as recharge prepaid SIM cards by using their mobile devices, eliminating the need for intermediaries. M. V. Nair, Chairman & Managing Director, Union Bank of India, said, " We strongly believe Union Bank Money will augment financial inclusion amongst the unbanked and under-banked consumer segments by bringing financial services through the mobile device. Technology is a great enabler for banking services and our partnership with Nokia will help us ...