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Qatar Islamic Bank (QIB) is one of the leading financial institutions in Qatar. They have upgraded the existing system PRIME3 to PRIME4 with debit, credit and prepaid card portfolios. As a part of the PRIME4 upgrade project, Verinite has helped them in multiple things. Here is a case study of how we helped the client amidst the challenges faced.
According to a report by the ITRS group, by 2022, 86% of the financial services industry in Asia would adopt the public cloud. However, +60% of leading global banks do not have a road map with KPI to measure the level of cloud adoption and its progress. Watch this space for more insights on banking!:
I&M Bank Ltd, the second-largest commercial private sector bank in Kenya, was planning to completely overhaul its issuing and acquiring systems by way of migration to a newer system. It included migration of its entire cards portfolio to Way4 that including credit, debit and prepaid cards. Here is a story of how we helped I & M in successfully migrating the system.
Organisations thrive only when they grow, and to grow, one has to embrace change and evolve. Learning is one of the best ways to achieve this change confidently. A high-growth organisation like ours, Verinite, has adopted this path to success since inception and installed a culture of learning through opportunities for exposure to the same – from within and externally. Here is a good read by our HR & Operations Manager, Shruti Warke about Verinite's team values and culture.
The annual percentage yield (APY) is the real rate of return earned on an investment, taking into account the effect of compounding interest. Unlike simple interest, compounding interest is calculated periodically and the amount is immediately added to the balance. With each period going forward, the account balance gets a little bigger, so the interest paid on the balance gets bigger as well. Watch this space for more banking terms.
We are glad to announce this significant milestone for Verinite. We are signing the largest credit card issuer in India as our client. With this win, we are serving 7 of the top 10 credit card issuers in India for their technology and business initiatives. Our client has signed up to support their existing technology stack (FirstVision) for the cards business and also for their technology transformation initiative. The workstreams will cover project management, business analysis, end-to-end testing, BAU support and DevOps to support innovative product launches on the FirstVision platform. Verinite will also be supporting banks through one of the most important and critical phases of cards technology transformation with similar work streams on their chosen modern Switching/CMS platform. Learn more about the client and the services we will be providing for them.
Truth is often seen just as an opposite of false or a lie. If one sees closely, being true is much more. It represents one’s integrity towards everyone around them. Verinite as an organization has always been known for its integrity. Integrity, as a word, can represent behaviours at complex levels or even the simplest of ones. It is in its true form when exhibited through the simplest of behaviours. Integrity is not limited to keeping an organization’s intellectual property safe. That it is often safeguarded by not only values but also legal implications. Integrity is about being true. Being true to commitments made to the team, organization, customer, and other stakeholders. It is about being true for something as simple as meeting timelines, for projects and meetings. One can be true to others only if one is true to one’s self. One’s understanding of their own abilities should be from real life experiences and not only espoused beliefs. This will in turn help in creating openness to accept feedback.
Messages like these warm our hearts! Here's a very valuable message sent by one of the school teachers in a rural area of Pune, where we had donated books and other relevant study materials on behalf of Verinite's CSR arm Kartavya Foundation. Responses like these are inspiring and motivating for us. We wish all the students get better access to education which increases their opportunity for a higher level of education in their life.
We are glad to announce Verinite is signing a new client, our third fintech one in Indian Market. We are excited about partnering with the Fintech industry to improve the quality of financial services in India. Know more about the new client and how Verinite will be helping them with our expertise in payment solutions.
“We celebrate Pretty Much Everything” All work and no play makes jack a dull boy. We believe that work and fun should go hand in hand. We celebrate all achievements, personal milestones, with all the team. We believe in celebrating mistakes as they give us new learning. We believe that a company that celebrates together, grows together. We had a little snacks party for our Fresher Batch 2021 on the First Pay Day of their professional career.
