Tag: banking

  • Abdul Jaleel Dudekula: A Leader Redefining Boundaries of Technological Development in Banking

    Abdul Jaleel Dudekula

    The stakes in the banking industry are high, but Abdul Jaleel Dudekula is playing the game. As the vice president of platform engineering at The Goldman Sachs Group, he has led technological initiatives that have improved the financial arena and generated billions of dollars.

    Dudekula’s Academic Journey

    Born in a small village with limited educational resources, Dudekula overcame numerous obstacles to achieve academic and professional success.

    The lack of facilities and teachers in his early education made subjects like mathematics and science seem challenging. However, these ignited a determination in him to learn despite the odds.

    He relied on outdated textbooks and makeshift classrooms, spending hours poring over limited resources and seeking help from anyone who could assist. His dedication paid off when he secured the top position in his village, a proud moment that showcased his perseverance and self-reliance.

    His academic excellence continued through his higher education. He received multiple scholarships based on his outstanding academic performance, allowing him to focus entirely on his studies and eventually start his career.

    Improving Capital One’s Home Loans Department

    When Dudekula joined Capital One, the home loans department dealt with outdated legacy systems for loan origination, funding, and servicing. These systems caused significant delays in customer engagement and failed to provide end-to-end services, reducing Capital One’s customer base and intensifying competition with industry giants.

    Recognizing the urgent need for modernization, Dudekula overhauled these legacy systems. As a cloud architect, he created a scalable, distributed data ingestion and streaming service capable of handling the live processing of one million transactions and 100 petabytes of historical customer data. This allowed for the developing of complex machine learning (ML) models for predicting loan threat analysis, enhancing the department’s ability to manage risk and improve customer service.

    Dukedula also developed nearly 1,500 real-time microservices platforms using trending open-source technologies such as Docker, Chronos, Mesos, Amazon Web Services (AWS) Cloud, Kafka, Google Cloud, BigTable, and Spark Streaming. The impact of these was profound. The new system achieved a 25% growth in home loans over three years, creating $1 billion in revenue for Capital One.

    Between 2017 and 2019, Dudekula also improved the auto loans department. He reimagined the company’s data ingestion, data streaming, and cloud platform strategies, deploying in-house and open-source products from scratch.

    Some examples include a scalable open-source scheduling platform using Airflow and a distributed self-service machine learning platform using open-source technologies, which reduced vendor product costs by $10 million.

    From 2019 to 2021, Dudekula was promoted to engineering manager. There, he reimagined Capital One’s data strategy and cloud operations by developing a next-generation foundation for machine learning algorithms. This improved the customer base by 20% and made over $2 billion within the first six months.

    Notably, his efforts were recognized with numerous prestigious awards, including the Tech and Performance Excellence awards. Using distributed open-source techniques, Dudekula’s work saved nearly 600 hours per year for 3,000 engineers and implemented autonomous data ingestion and streaming capabilities.

    Excellence at Goldman Sachs

    The next chapter of his career at Goldman Sachs is equally as vibrant. Here, he served as vice president of platform engineering—a role that requires extensive professional experience and specialized knowledge of information technology and computational analysis.

    Leading the Engineering division’s Continuous Integration / Continuous Delivery (CI/CD) team, he streamlined the CI/CD experience for the firm’s 35,000 engineers and billions of customers. Additionally, he delivered CI/CD solutions that support cloud-native development and deployments.

    One of his key achievements is developing a scalable, distributed Software Development Life Cycle (SDLC) platform to enhance the developer experience and improve global customer interactions in financial and trading services, which has generated billions in revenue since 2021. His cloud designs and advanced ML algorithms have also positioned him as a leader within the organization.

    Aside from his technical achievements, Dudekula is recognized as an industry mentor dedicated to training and serving as a role model within the company. He mentors junior associates and contributes to the organization’s talent development efforts.

    Driving Efficiency In Banking

    The banking industry often feels like a constant game of catch-up. Dudekula makes tangible developments to enhance the banking industry’s developer experience for thousands of engineers and improve global customer interactions.

    His contributions highlight the importance of having professionals who can drive growth, which is needed in the sector’s quest for a future where technology and finance converge.

  • HDFC Bank’s Services: HDFC Bank’s net banking will remain closed till this hour today.





    HDFC Bank’s Services: If you have an account in HDFC Bank, then quickly finish your banking work because its services are going to be closed for some time from today. The bank has issued a notice regarding this.

    The bank says that banking services will be closed temporarily for some time. The bank has sent this information to the customers through email. Due to system maintenance, you will not be able to use some services of the bank from today 20 July to tomorrow Sunday 21 July. This ban will last for 7.15 hours. The bank does maintenance work from time to time to enhance customer experience and improve service quality.

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    From when to when will HDFC Bank’s services remain closed

    According to the information sent by the bank, banking services will be closed from 11:30 pm on Saturday 20 July 2024 to 6:45 am on Sunday 21 July 2024. This means that its services will be stalled for 7.15 hours. During this time net banking, mobile banking will remain closed. In such a situation, the bank has advised the customers to complete all the important banking related work before 11:30 pm.

    Also Read: Microsoft Outage: Online payment gateways failed, employees’ salaries also stuck

    These services will not be stopped

    Some services of HDFC Bank will remain suspended from midnight today till tomorrow morning due to maintenance. However, if there is an emergency need during this time, it does not mean that cash will not be available. During this time, ATM services will remain operational, meaning you will be able to withdraw cash. Apart from this, you will also be able to use online debit and credit cards at stores and UPI transactions will also continue.

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    Previous articleMicrosoft Outage: Online payment gateways failed, employees’ salaries also stuck

    Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @rightsofemployeescom@gmail.com


  • Markets: Sensex trades down 228 points, Nifty down 58 points amid selling in banking stocks

    Sensex, Nifty end flat as markets turn to consolidation phase

    Indian equity indices opened in red on Wednesday following pressure in banking stocks. At 9:55 a.m., Sensex was down 228 points or 0.28 per cent, at 80,123 and Nifty was down 58 points or 0.24 per cent, at 24,378.

    Banking stocks are leading the fall. Nifty Bank is down 261 points or 0.50 per cent, at 52,307. In the Sensex pack, M&M, SBI, Kotak Mahindra Bank, HCL Tech, TCS, JSW Steel, Axis Bank, and Reliance are the top losers.

    Maruti Suzuki, NTPC, Titan, Bharti Airtel, Bajaj Finance, and Tata Steel are top gainers. The Nifty midcap 100 index is down 85 points or 0.17 per cent, at 56,976, and the Nifty smallcap 100 index is down 68 points or 0.36 per cent at 18,888.

    sensex

    Among the sectoral indices, FMCG, realty, energy, and infra are in the green, and Auto, IT, PSU Bank, and pharma are in the red. Deven Mehata, Research Analyst at Choice Broking said: “Nifty has given a strong breakout above 24,400 levels and has closed at all-time high levels.Now on the lower side, 24,250-24,300 will act as a strong support.”

    “Traders holding a long position should hold with a trailing stop loss of 24,250 on a closing basis. Fresh long positions should be entered on dips with the mentioned stop loss,” he added. 

    (With inputs from IANS)

  • Features and Benefits of a Top Core Banking Solutions Provider

    online banking

    Banks and different monetary service suppliers want a extra dependable and sturdy core banking answer to spice up the expertise of their prospects, and streamline their operations. This is crucial as a result of it’s the solely manner that banks can keep above their opponents on this digital period. With the assistance of a core banking options supplier, banks can take pleasure in tons of advantages and options that can drive them in direction of success. Let us uncover some of the options and advantages of Skaleet core banking options suppliers.

    Overview of Core Banking Solutions Providers

    Core banking options suppliers provide monetary corporations technological providers that guarantee the graceful administration of their core banking operations. They provide banks the power to streamline the administration of their buyer accounts, administration of their prospects’ deposits, and different core monetary providers.

    Features of a high core banking options supplier

    A dependable core banking options supplier will provide monetary providers suppliers options for adaptability and flexibility. The supplier will even provide providers like the power to replace and course of their consumer accounts in actual time, in addition to the power to supply their prospects streamless consumer expertise by way of consolidated digital channels. Other options of a core banking options supplier embody the availability of instruments for knowledge evaluation to streamline resolution making and complicated safety programs to simply detect fraud.

    Benefits of utilizing a high core banking options supplier

    A core banking options supplier can provide monetary establishments advantages like custom-made providers that may enhance their buyer satisfaction, and knowledge analytics options that may make monetary providers suppliers higher resolution makers. They also can assist banks to adjust to the stipulated regulatory requirements within the finance sector.

    Other advantages of utilizing a core banking options supplier embody making monetary providers corporations extra environment friendly and decreasing their value of operations, giving banks simpler safety options which in flip results in decrease experiences of fraud, and providing monetary providers suppliers the power to evolve in keeping with the calls for of the period via flexibility and adaptability.

    Conclusion

    A dependable core banking options supplier can provide banks the power to innovate their operations, and maintain their prospects blissful via glorious banking providers. With the help of the expertise offered by core banking providers suppliers, monetary establishments can keep above within the present extremely aggressive monetary sector.


    Neel Achary

  • Bank Launch New Feature: You can lock-unlock ICICI Bank’s online banking service, Know everything

    ICICI Bank: You can lock and unlock the web, credit score and debit card companies of ICICI Bank. ICICI Bank has launched ‘Smartlock’. This is a safety measure by which prospects can immediately lock and unlock banking companies.

    Internet, credit score and debit card companies of ICICI Bank can be locked and unlocked. ICICI Bank has launched ‘Smartlock’. This is a safety measure by which prospects can immediately lock and unlock banking companies. Customers can do that work by telephone or e-mail with out the assistance of buyer care government. Smartlock can lock and unlock many banking companies.

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    The iMobile Pay app will assist prospects lock and unlock their accounts. It permits prospects to lock/unlock entry to Internet Banking, UPI (funds from different UPI apps linked to the checking account), credit score and debit playing cards with the clicking of a button. ‘SmartLock’, a primary of its sort resolution within the Indian banking sector, additionally permits prospects to lock/unlock iMobile Pay.

    Also Read: HDFC Bank Customers Alert: Banks is not going to ship SMS alerts for small UPI transactions from in the present day

    Customers can use this service to activate or deactivate a selected banking service throughout a particular interval. They can additionally use it in case of probably fraudulent transactions.

    Speaking about SmartLock, Siddharth Mishra, Head Digital Channels and Partnerships, ICICI Bank stated that the launch of ‘SmartLock’ is one other effort by the financial institution to strengthen the safety of buyer accounts and defend their pursuits. This do-it-yourself (DIY) facility permits prospects to entry banking companies with enhanced safety at one place with their very own fingers.

    How to make use of SmartLock service:

    Step 1: Log in to iMobile Pay.

    Step 2: Click on the ‘SmartLock’ service on the backside proper nook of the house display.

    Step 3: Click on the key banking companies you need to lock/unlock.

    Step 4: Swipe to confirm

    To begin utilizing ‘iMobile Pay’, prospects of any financial institution can hyperlink their checking account to the app, generate a UPI ID and begin transacting.

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  • Sensex and Nifty trade higher, banking stocks top gainers today

    sensex

    IANS

    India fairness indices opened within the inexperienced on Wednesday following which top non-public banks like IndusInd Bank, ICICI Bank and Axis Bank have turn into top gainers in Sensex. In early trade, Sensex and Nifty rose to a brand new all-time excessive of 77,581 and 23,630 respectively.

    At 9:40 a.m., the Bombay Stock Exchange (BSE) benchmark was up 152 factors or 0.20 per cent, at 77,453 and Nifty was up 10 factors or 0.04 per cent, at 23,568. Broder market underperforms in comparison with large-cap stocks.

    Nifty midcap 100 index is down 479 factors or 0.87 per cent, at 55,009 and Nifty smallcap 100 index is down 155 factors or 0.85 per cent, at 18,080. Among the sectoral indices, Fin service, pharma, banks, and service sector are main gainers.

    Sensex

    Auto, IT, FMCG, steel, and realty are main laggards. Deven Mehata, Research Analyst, Choice Broking mentioned, “After a niche up, Nifty can discover assist at 23,500 adopted by 23,450 and 23,400. On the upper facet, 23,650 could be a direct resistance, adopted by 23,700 and 23,800.”

    The Foreign institutional traders (FIIs) prolonged their shopping for as they bought equities value Rs 2,569 crore on June 18, whereas home institutional traders additionally purchased equities value Rs 1,555 crore on the identical day.

    The markets of Tokyo, Hong Kong, Seoul and Jakarta are buying and selling within the inexperienced. However, the markets of Bangkok and Shanghai are buying and selling within the pink. American markets closed sharply on Tuesday. Crude oil benchmark Brent crude is at $85 per barrel and WTI at $80 per barrel. 

    (With inputs from IANS)

  • HDFC Bank’s online and mobile banking services will not work for 2 days.

    If you’re additionally a buyer of HDFC Bank, then this information can show to be helpful for you. Yes, a giant replace has been launched by the financial institution in the midst of the weekend. The financial institution has knowledgeable its crores of consumers by e mail and SMS that HDFC Bank’s online and mobile banking services will not work for 2 days.

    Actually, in line with the SMS despatched by the financial institution to the shoppers, some transactions on HDFC Bank WebBanking and Mobile Banking App will not work on June 9 and June 16. Bank prospects will not have the ability to use these services from 3:30 am to six:30 am on June 9. Whereas using these services will be banned from 3:30 am to 7:30 am on June 16.

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    The use of those services will be banned

    According to the financial institution’s web site, some transactions like account, deposits, fund switch (NEFT, IMPS, RTGS and financial institution switch), online fee will not be obtainable from 03:30 am to 06:30 am on 9 and 16 June 2024. During this time, HDFC Bank prospects will additionally not have the ability to make funds by UPI.

    Earlier, these works have been prohibited

    Earlier, the financial institution had mentioned that it’s upgrading a system to enhance the banking expertise of consumers. This will enhance HDFC Bank debit, credit score and pay as you go card services. For this, card associated services will be affected for two days. Due to which, lately a system improve has been scheduled for debit, credit score and pay as you go playing cards from 12.30 pm to 2.30 pm on June 4. Due to this, you can not do any ATM withdrawal. Along with this, online, POS and Netsafe transactions have been additionally banned.

    Earlier, a system improve was scheduled for debit, credit score and pay as you go playing cards from 12.30 am to 2.30 am on June 4. Due to this, you will not have the ability to make any ATM withdrawal. Also, online, POS and Netsafe transactions will not be potential.

     

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  • HDFC Bank’s online and mobile banking services will not work for 2 days.

    If you’re additionally a buyer of HDFC Bank, then this information can show to be helpful for you. Yes, a giant replace has been launched by the financial institution in the course of the weekend. The financial institution has knowledgeable its crores of consumers by way of e-mail and SMS that HDFC Bank’s online and mobile banking services will not work for 2 days.

    Actually, in response to the SMS despatched by the financial institution to the shoppers, some transactions on HDFC Bank InternetBanking and Mobile Banking App will not work on June 9 and June 16. Bank clients will not have the ability to use these services from 3:30 am to six:30 am on June 9. Whereas the usage of these services will be banned from 3:30 am to 7:30 am on June 16.

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    The use of those services will be banned

    According to the financial institution’s web site, some transactions like account, deposits, fund switch (NEFT, IMPS, RTGS and financial institution switch), online cost will not be accessible from 03:30 am to 06:30 am on 9 and 16 June 2024. During this time, HDFC Bank clients will additionally not have the ability to make funds by way of UPI.

    Earlier, these works have been prohibited

    Earlier, the financial institution had stated that it’s upgrading a system to enhance the banking expertise of consumers. This will enhance HDFC Bank debit, credit score and pay as you go card services. For this, card associated services will be affected for two days. Due to which, just lately a system improve has been scheduled for debit, credit score and pay as you go playing cards from 12.30 pm to 2.30 pm on June 4. Due to this, you could possibly not do any ATM withdrawal. Along with this, online, POS and Netsafe transactions have been additionally banned.

    Earlier, a system improve was scheduled for debit, credit score and pay as you go playing cards from 12.30 am to 2.30 am on June 4. Due to this, you will not have the ability to make any ATM withdrawal. Also, online, POS and Netsafe transactions will not be doable.

     

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  • Windsor Capital Expands Its Florida Investment Banking Team

    Tampa, FL, June 03, 2024 — Tyranski, a C-level govt and visionary chief with over 15 years within the healthcare trade, has transitioned to M&A advisory with Windsor Capital. Tyranski’s intensive background, which incorporates board membership,okay govt management, strategic acquisitions, and driving each natural and inorganic development in varied industries, positions him as a useful asset to the Windsor Capital crew.

    As Senior Advisory with Windsor Capital, Tyranski is answerable for pairing firms and principals, who share the identical dedication to development, buyer satisfaction and worker improvement, with capital markets to satisfy proprietor or enterprise wants.

    Prior to his present function, Tyranski served as President & CEO of BioDerm rising income 750% in eight years whereas acquiring market main margins. His visionary management and strategic acumen had been underscored by the profitable acquisition and integration of Wound Care Resources, Inc., a Durable Medical Equipment (DME) firm specializing in wound care provides and billing for VAD (coronary heart illness mechanical implant) sufferers and the merger with Argentum Medical. Prior to BioDerm, as President AST Americas at UK-based Synergy Health (now Steris), Tyranski oversaw gross sales and operations of the contract medical machine sterilization and lab segments. Within two years, his area efficiently established two state-of-the-art electron beam amenities within the United States, considerably bolstering each capability and geographic attain. At Jabil, a fortune 150 manufacturing providers firm, Tyranski final held the function of Senior Business Unit Director (Healthcare). There, he spearheaded the inception of Jabil’s single-use medical units division, in the end resulting in the transformative acquisition of Nypro, Inc. During his tenure, Tyranski oversaw strategic medical machine disposable enlargement initiatives throughout key worldwide markets, together with Shenzhen, China, and Penang Malaysia.

    Windsor Capital, LLC is a full-service funding banking agency providing a variety of advisory providers together with promote facet/succession transitional advisory, purchase facet advisory and company advisory. Windsor Capital’s crew of execs have a mixed 200+ years of M&A expertise.


    Praveen

  • SBI, PNB, Axis Bank warned customers against banking fraud, gave these tips

    Banking Fraud: With altering instances, there have been main modifications within the strategies of banking. Digital banking has turn into a vital a part of folks’s lives, however with its growing use, there was an incredible improve in digital frauds associated to banks.

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    In view of the growing circumstances of financial institution fraud, many large banks of the nation have warned their customers. State Bank of India (SBI), the nation’s largest public sector financial institution, has warned customers in view of the growing circumstances of fraud. SBI has suggested customers to watch out within the means of receiving SBI Reward Points via Android Application Package (APK).

    SBI gave this recommendation

    In the current previous, many such circumstances of banking fraud have come to gentle during which hackers ship hyperlinks to customers asking them to obtain third get together cell functions. Through this, they commit banking fraud by stealing private particulars of customers. While sharing this info on its official Twitter deal with, SBI has stated that SBI customers ought to concentrate, watch out for fraudsters.

    It has been noticed that many fraudsters are luring folks to present SBI reward factors by sending hyperlinks of APKs via SMS and Whatsapp. Keep in thoughts that SBI doesn’t ship the hyperlink of such APKs to the customers in any respect. Avoid clicking on such hyperlinks and shield your self from banking fraud.

    ICICI Bank gave these tips to its customers

    Apart from State Bank, ICICI Bank has additionally suggested customers to not obtain APK information with out verification. Along with this, the financial institution additionally stated that the financial institution doesn’t ask any buyer to obtain any app for updating KYC.

    Axis Bank gave this recommendation

    Large personal sector financial institution Axis Bank has additionally cautioned its customers to guard themselves from funding and activity primarily based frauds. The financial institution has suggested customers to not share their info or monetary particulars.

    PNB gave this recommendation

    Public sector financial institution i.e. Punjab National Bank has requested its customers to remain secure from faux net hyperlinks. The financial institution has suggested its customers to not click on on any unverified hyperlink.

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