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About 3 results for "finacle"

PNB adopts strict SWIFT controls after mega fraud case

Punjab National Bank has stepped up its controls on the use of global payments network SWIFT following an alleged $1.77 billion fraud, according to memos issued this month and seen by Reuters. Indias second-biggest state lender this month revealed the ... Deccan Herald, 3 weeks ago

3 images for "finacle"

Business Standard, 3 months ago
Money Control, 8 months ago
Sify, 8 months ago

PNB likely to face teething problems while upgrading system

Upgradation to the new product (from Infosys) will stabilise by this month-end Hit by a Rs 11,000-crore fraud, government-owned Punjab National Bank (PNB) has finally moved to integrate the SWIFT international financial communication system into its Core Banking Solution (CBS).   Done through upgrading its banking software, Finacle 7, to Finacle 10. While the system to capture SWIFT in CBS has already been done, the upgradation could face teething problems, sources said. Upgradation to ...
 Rediff.com3 weeks ago

RBI's new reporting format, a naive intern, and the greedy officer: factors that lay bare the Rs 11400 crores scam

The systemic embezzlement of Rs 11,400 crore from the accounts of Punjab National Bank is the sort of scam, criminal masterminds weave with utmost precision. The operation was conducted for a good seven years, before it was blown off. The PNB management after ...
 Sify4 weeks ago
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