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Liferay and InfoAxon Join Forces to Drive Digital Transformation for Reliance General Insurance (RGI)

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6 months ago

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Liferay and InfoAxon are thrilled to announce their strategic partnership aimed at driving digital transformation for Reliance General Insurance (RGI). Together, we are set to revolutionize RGI’s digital landscape and deliver innovative digital journeys to its prospects and customers.

In collaboration with RGI, Liferay DXP, a leading Digital Experience Platform, and InfoAxon, a Digital Transformation Solutions provider, are embarking on a journey to transform RGI’s digital footprint across various channels. From engaging D2C digital journeys on the Website to Customer Portal, Agent portal, and microsites, powered by an innovative Customer Data Platform, the partnership promises to elevate RGI’s digital presence to new heights.

This partnership will empower RGI to swiftly deliver and scale personalized omnichannel experiences for its customers, agents, BANCA partners, OEM Partners, Tele agents, and Digital alliances through partners. By leveraging an innovative Data Lake (Customer Data Platform-CDP), real-time customer data will be converted into actionable insights, ensuring hyper-personalization and seamless digital experiences, thus fostering deeper engagement and boosting conversions.

Commenting on the partnership, Prabhdeep Batra, Chief Distribution Officer, Reliance General Insurance, expressed, “We are thrilled to embark on this digital journey with Liferay and InfoAxon. This strategic partnership marks a significant milestone in our quest to revolutionize the insurance landscape through innovation and technology. We are poised to deliver unparalleled digital experiences, driving deeper engagement and value for our customers and partners.”

“Liferay is proud to be part of RGI’s digital transformation journey,” said Manish Gupta, General Manager, India & SAARC, Liferay. “We remain committed to supporting RGI’s mission and future requirements to optimize operations and generate engaging digital experiences across channels.”

Liferay’s DXP platform facilitates and empowers enterprises with digital innovations and experiences in a quick and agile manner. Liferay DXP is one platform using which insurers can deliver multiple use cases across B2C, B2B and B2E channels.

“InfoAxon has built incredible momentum as the global go-to digital transformation partner for leading insurers. We welcome RGI as our esteemed customer and are excited to partner with them on their digital transformation journey”, said Vineet Dahiya, Co-founder at InfoAxon. “Based on our experience of working with global insurance organizations and our decade-old partnership with Liferay, we have developed a Digital Insurance Stack that accelerates insurance product launches with configurable buying journeys, maximizes digital distribution opportunities, and rapidly delivers engaging Omnichannel experiences. Leveraging our digital insurance stack, RGI will be able to create more touchpoints and more opportunities to engage with the customer, leading to more and better opportunities to sell, service, and retain”, he further added.

Reliance General Insurance

Reliance General Insurance, a subsidiary of Reliance Capital, is one of India’s leading general insurance companies. The Company offers a well-rounded and comprehensive bouquet of products including Motor Insurance, Health Insurance, Travel Insurance, and Home Insurance. It provides customized solutions to meet the protection needs of each customer. Reliance General Insurance has a robust network of more than 90,000+ intermediaries and 129 branches across India for offering its products and services to retail, corporates, and SME clients.

InfoAxon

Since its inception in 2001, InfoAxon has transformed how Banking, Financial Services, and Insurance (BFSI) sectors approach digital transformation. As their strategic partner, we help customers become ‘digital businesses’ by empowering them with agile digital architecture to deliver personalized omnichannel experiences at scale. We are working with some of the leading BFSI organizations helping them with unique capabilities to quickly launch frictionless omnichannel experiences with innovative features such as product configurator, configurable buying journeys, product comparison and recommendation, combo product journeys, intelligent nudges, etc. InfoAxon is Liferay’s oldest and only Gold Partner in India. To know more about how we can help you accelerate your digital journey, visit us at infoaxon.com

Liferay

Liferay helps organizations build for the future by enabling them to create, manage, and scale powerful solutions on the world’s most flexible Digital Experience Platform (DXP). Trusted globally by over a thousand companies spanning multiple industries, Liferay’s open-source DXP facilitates the development of marketing and commerce websites, customer portals, intranets, and more. Learn how we can use technology to change the world together at liferay.com.

(c) 2024 Liferay, Inc. All rights reserved.

Contact:

Liferay India Pvt Ltd,

Sailendra Routray

sailendra.routray@liferay.com

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Finance

Goodwill Wealth Management Unveils Irresistible Post-Diwali Offers

Published

6 days ago

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November 11, 2024

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As the festive season continues, Goodwill Wealth Management Pvt. Ltd. is delighted to announce a series of incredible offers designed to make investing more accessible and rewarding than ever before. Known for its comprehensive trading and investment services, Goodwill Wealth Management is now offering even greater value to both individual and business investors.

Unbeatable Post-Diwali Offers:

  • Trade at an Unprecedented Rs. 15 per Order: Goodwill Wealth Management is setting a new standard in the industry with its incredibly low brokerage fees. This groundbreaking offer makes trading more affordable than ever, allowing investors to maximize their returns.
  • Zero Account Opening Charges: Begin your investment journey without any upfront costs. Goodwill Wealth Management has waived all account opening charges, making it easier for investors to get started.
  • Zero AMC for One Year: Enjoy a full year of free Annual Maintenance Charges (AMC) for your Demat account, further reducing the cost of investing.
  • Customer Support in Your Own Language: Goodwill Wealth Management is committed to providing personalized support. Clients can now receive assistance in their preferred language, ensuring clear communication and a seamless experience.
  • 60+ Branches Across India: With a growing network of branches across the country, Goodwill Wealth Management offers convenient access to its services and expert guidance.
  • Free Trading Webinars: Sharpen your trading skills and knowledge with complimentary webinars conducted by experienced market professionals.

These new offers complement Goodwill Wealth Management’s existing suite of comprehensive services, including:

  • Free Demat Account: Open a Demat account at no cost and gain access to a wide range of investment options, including equity, derivatives, commodities, currencies, and mutual funds.
  • Expert Guidance: Benefit from personalized investment strategies crafted by experienced financial advisors.
  • Flexible Trading Options: Trade anytime during market hours, anywhere using Goodwill’s user-friendly online platform and mobile app.
  • On-Time Support: A dedicated support team is available to provide prompt and efficient assistance whenever needed.
  • Research & Fundamental Training: Access in-depth research reports and participate in fundamental training programs to make well-informed investment decisions.

Open a Free Demat Account Today:

Don’t miss out on these exceptional offers! Visit Goodwill Wealth Management’s website at gwcindia.in or contact them at customersupport@gwcindia.in to open your free Demat account and start investing today. Download the GIGAPRO app from app stores for a seamless trading experience on your mobile device.

About Goodwill Wealth Management Pvt. Ltd.

Goodwill Wealth Management Pvt. Ltd. is a leading provider of financial solutions and expert advisory services, dedicated to helping investors achieve their long-term financial goals. With a commitment to transparency, flexibility, and exceptional client support, Goodwill Wealth Management continues to empower investors with the tools and knowledge they need to succeed in the financial markets.

Disclaimer: Investments in the securities market are subject to market risks. Read all related documents carefully before investing.

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InPrime Finserv Selects Scienaptic AI Credit BRE Platform for Enhanced Credit Decisioning

Published

1 month ago

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October 16, 2024

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Scienaptic AI, a leading global AI-powered credit decisioning platform provider, today announced that InPrime Finserv, has chosen its AI-powered platform to enable sharper credit decisions through Scienaptic’s AI models and execute on credit decisioning policies on the platform’s in-built Credit Rule Engine (BRE).

InPrime Finserv, a PSL (Priority Sector Lending) lender, is focused on providing essential financial services to India’s emerging middle class, particularly within the informal economy. Targeting around 50 million households with an annual credit need of Rs. 5 Lakh Crores, InPrime aims to support this segment by offering customized financial products tailored to their evolving needs. Combining traditional lending methods with digital innovation, InPrime emphasizes customer-centric solutions, swift turnaround times, and comprehensive risk management, while promoting financial empowerment through digital literacy programs. Scienaptic’s platform will enable InPrime to seamlessly read and integrate bureau and Account Aggregator data, execute its credit decisioning policies, and leverage AI models for bureau and Account Aggregator scores.

“At the heart of our mission is the financial upliftment of India’s emerging middle class. This is more than just providing credit; it’s about empowering millions of hardworking families with the tools they need to grow and thrive. Our partnership with Scienaptic AI marks a significant step forward in our journey,” said Rajat Singh, CEO of InPrime Finserv. “The platform will bring in capabilities to pull credit bureau reports and incorporate Account Aggregator data instantly, run that data through AI models, and deliver full-fledged real time credit decisions including loan limit assignments, and detailed policy reasons. This will enhance our ability to provide more accurate and timely credit decisions, ultimately improving credit access and customer experience while minimizing risk.”

“At InPrime, we are thrilled to partner with Scienaptic, as we see a shared vision and alignment in leveraging synergies that empower us to fully harness the power of machine learning and AI. With Scienaptic AI, we are deploying advanced behavioral models that deliver deeper insights into customer behavior, enabling us to drive more intelligent and personalized financial solutions,” added Sneh Thakur, Co-founder, InPrime Finserv.

“We are excited that InPrime Finserv has chosen us to support their mission of financial upliftment,” said Joydip Gupta, Head of APAC at Scienaptic. “Through our platform, InPrime can seamlessly integrate application details, credit bureau data, and Account Aggregator insights via API. Our AI models will process this data in real time, delivering precise credit decisions, loan limits, and policy recommendations. Our inbuilt Business Rule Engine (BRE) will remove the friction points in the underwriting process to enable fast and flexible loans via a fully digital process. These advanced capabilities will empower InPrime to make faster, data-driven decisions, drive financial inclusion, and bring responsible and timely credit to millions of emerging middle-class households across India.”

About Scienaptic AI

Founded in 2014, Scienaptic AI was built with a mission to drive financial inclusion at scale through AI-driven credit decisioning. The platform encapsulates a decade of technological innovations, integrating more data into decision-making processes, utilizing advanced machine learning algorithms, and supplementing them with rigorous risk and fair lending monitoring processes.

Used by India’s largest microfinance institutions (MFIs), leading non-banking financial companies (NBFCs), prominent fintechs, and major banks, Scienaptic processes over Rs85,000 crore in loan decisions every quarter. This enables millions of underserved individuals with limited or no credit history to access personal loans, credit cards, vehicle loans, MSME loans, and MFI loans.

Scienaptic’s credit BRE platform puts robust underwriting capabilities at the fingertips of in-house underwriting teams. Today, more than 145 lenders rely on Scienaptic’s platform to enhance the accuracy and efficiency of their underwriting.

For more information, visit www.scienaptic.ai

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UrbanMoney Microloans for Young Students: Unlocking Potential and Creating Opportunities

Published

2 months ago

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September 9, 2024

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In today’s dynamic and competitive world, young students face numerous challenges, particularly when funding their educational pursuits and entrepreneurial ambitions. Traditionally aimed at small business owners in developing economies, Microloans are increasingly being recognized as a valuable tool for students. These small, accessible loans can help young individuals cover educational expenses, start small ventures, and develop the skills necessary for future success. This blog explores the benefits, features, and impact of urbanmoney.co , a micro-loan provider for young students and salaried employees.

The Concept of UrbanMoney for Students

Microloans for students are small, short-term loans designed to meet the specific financial needs of young individuals. These loans can be used to pay for tuition, textbooks, living expenses, or even to fund small business ideas and projects. Unlike traditional student loans, microloans often have more flexible terms and are easier to obtain, making them accessible to a broader range of students.

Benefits of UrbanMoney Microloans for Students

  • Access to Education: UrbanMoney can help bridge the financial gap for students who might otherwise be unable to afford higher education. By covering tuition and other expenses, microloans enable more students to pursue their academic goals.
  • Encouraging Entrepreneurship: Many young students have innovative business ideas but might lack the capital to bring them to life. UrbanMoney provides the necessary funding to launch small ventures, fostering a spirit of entrepreneurship and self-reliance.
  • Skill Development: Managing a microloan can teach students important financial skills, such as budgeting, planning, and holding financial responsibility. These skills are invaluable as students transition into adulthood and the workforce.
  • Flexibility and Accessibility: Microloans are often easier to obtain than traditional student loans, with less stringent eligibility criteria. This makes them accessible to a wider range of students, including those with limited credit history or financial support.
  • Supporting Diverse Goals: Whether a student needs funds for a specific project, study abroad program, or to cover living expenses while interning, UrbanMoney offers the flexibility to support a range of educational and professional goals.

Features of UrbanMoney Microloans for Students

  • Quick Approval Process: UrbanMoney approves loans within minutes with their streamlined application process.
  • Flexible Loan Amounts: UrbanMoney allows you to borrow only what you need, with loan amounts ranging from Rs.500 – Rs.50,000
  • Competitive Rates: Enjoy low-interest rates a UrbanMoney that make repayment manageable.
  • Simple Repayment Plans: Students can choose from various repayment options that fit their budget and timeline.
  • No Credit History Required: We understand that many students are just starting out, so UrbanMoney offers loans without requiring an extensive credit history.

The Impact of UrbanMoney Microloans on Students

Despite certain challenges such as risk of debt, repayment pressure, etc., UrbanMoney microloans have the potential to make a significant positive impact on young students:

  • Success Stories: Many students have successfully used microloans to fund their education or start small businesses. These success stories highlight the potential of microloans to transform lives and create opportunities.
  • Empowering Underserved Students: UrbanMoney microloans were benefitted students particularly from underserved communities who face greater barriers to accessing traditional financial services. By providing financial support, UrbanMoney microloans promote inclusivity and social equity.
  • Boosting Innovation: By enabling students to pursue their entrepreneurial ideas, UrbanMoney contributes to innovation and economic development. Young entrepreneurs can bring fresh perspectives and creative solutions to the market.
  • Long-term Benefits: The skills and experiences gained through managing microloans and entrepreneurial ventures can have long-term benefits for students, enhancing their career prospects and financial stability.

Conclusion

Microloans for young students represent a promising avenue for fostering educational and entrepreneurial opportunities. By providing access to much-needed capital, UrbanMoney loans empower students to pursue their dreams, develop essential skills, and contribute to their communities. While challenges exist, the potential benefits of microloans underscore their importance as a tool for supporting the next generation of leaders and innovators.

As we move forward, it is crucial to continue exploring and expanding the availability of microloans for students. By addressing the challenges and building on the successes, we can ensure that more young individuals have the financial support they need to unlock their potential and create a brighter future for themselves and society.

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String Metaverse (Bio Green Papers, BSE: 534535) Reports Q1 FY25: Rs 50.02 Cr Revenue, Rs 5.38 Cr PAT

Published

3 months ago

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August 20, 2024

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String Metaverse LTD, following its merger with Bio Green Papers Limited (BSE: 534535) as approved by the Honourable National Company Law Tribunal (NCLT) under the scheme of arrangement of the Insolvency and Bankruptcy Code (IBC), has reported robust financial results for the first quarter of FY 2025. The company achieved consolidated revenue of Rs 50.02 crores and a profit after tax (PAT) of Rs 5.38 crores.

Backed by Spacenet Enterprises LTD (NSE: SPCENET) and 63 Moons Technologies Ltd (NSE: 63MOONS) step down subsidiary 3.0 VERSE Ltd. investments, String Metaverse will be the first Web 3.0 enterprise to start trading on BSE main board.

String Metaverse has global offices in Gift City, Hyderabad, UAE and HK.

The merger has strengthened the company’s position, leading to a consolidated revenue of Rs 151.21 crores and a PAT of Rs 10.82 crores for FY 2024, highlighting the successful integration and growth potential of the combined entity.

The Evolution Web 3.0

Web 1.0: Primarily focused on email and messaging, laying the foundation for digital communication.

Web 2.0: Marked by centralized social communities such as Instagram, Facebook, and WeChat, where monetization is predominantly controlled by large corporations like Meta, Microsoft, and Google.

Web 3.0: Digital communities are created for the people and by the people, enabling users to share, create, and transact within decentralized communities.

“In this new age of the Attention Economy, individuals are rewarded for the time they spend engaging online, transforming their attention and time into digital assets”

“New technological innovations are set to dominate global equity market caps. Disruptive technologies such as Web 3.0’s ‘Public Blockchains,’ Energy Storage, Artificial Intelligence, and Robotics currently have a combined market cap of approximately USD 19 trillion. This is expected to grow to USD 220 trillion by 2030, in contrast to non-innovative companies, whose combined market cap is projected to grow from USD 98 trillion to USD 140 trillion” according to a research report by ARK Investment.

“With Web 3.0 and Next-Generation technologies growing at an unprecedented pace, we are confident of achieving a CAGR of 100 per cent growth for the next 3 years,” stated Krishna Mohan Meenavalli, Founder of String Metaverse Ltd.

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AamDhanE secures investment in Pre-Series A Funding Round from the Michael and Susan Dell Foundation (MSDF), Tamil Nadu Emerging Sector Seed Fund (TNESSF) and Founders

Published

3 months ago

on

August 5, 2024

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AamDhanE, a pioneering tech-enabled job matching & fulfilment platform focused on the blue-collar workforce based out of Coimbatore, has raised an undisclosed amount in its pre-Series A funding round. The investment in the round was by the Michael and Susan Dell Foundation (MSDF), prominent impact investor in India’s education, financial services and livelihoods space known for its commitment to transforming the lives of resource-constrained families & improving livelihoods. And TNESSF, a venture capital fund managed by the Tamil Nadu Infrastructure Fund Management Corporation Limited (TNIFMC)- Government of Tamil Nadu and the Founders.

Aamdhane was assisted by PricewaterhouseCoopers (PwC) India, Talwar Thakore & Associates & Inval Capital.

MSDF and TNESSF were assisted by AZB & Partners and BDO India

Founded in 2021 by a team of close-knit alumni from IIT Kanpur, INSEAD and London Business School, AamDhanE is revolutionizing the blue-collar job market in India. Using a combination of their proprietary tech platform & physical outreach, the start-up has onboarded 1.5L workers from across 8 states, enhancing transparency and choice for blue collar industrial workers.

“AamDhanE is targeting the bottom of the pyramid of Indian workforce. To address the gap between demand and supply caused by unorganized recruitment channels and geographical disparities, we have developed tech-based solutions with the aim to enhance discoverability across India’s diverse labour markets.” said Krishna Gupta, co-founder and Chief Executive Officer, AamDhanE.

AamDhanE integrates technology with on-ground support to connect blue-collar job seekers with industrial employers. Specializing in sectors such as manufacturing, e-commerce, construction, and textiles, AamDhanE has placed over 40,000 individuals, with 40 per cent of them being female workers and partnered with 400+ factories, providing employer clients with end- to-end services encompassing manpower sourcing, payrolling, and custom staffing solutions.

“MSDF is committed to AamDhanE’s initiative to organize the industrial blue-collar workforce of over 220 million workers from marginalized backgrounds. AamDhanE’s tech- driven platform enhances productivity and worker retention, while its partnerships with state governments and training centers build strong recruitment channels.”, said Sanjay Modi, Director, MSDF.

“TNIFMC supports Tamil Nadu’s USD 1 trillion economy goal through AamDhanE’s partnerships with governments for training and industries for developing a job-ready workforce.”, said Krishna Chaitanya, CEO, TNIFMC.

“AamDhanE’s mission to improve livelihood opportunities for blue-collar workforce is crucial for scaling the industrial workforce.”, said an Inval Capital representative, the exclusive advisor for AamDhanE’s Pre-Series A round.

Aamdhane is part of the PSG Ganga Naidu group (Coimbatore), a reputed business house since 1910 diversified in various sectors. The group has businesses across warehousing and food storage – funded by GIC Singapore, renewable energy and e-mobility.

For More Information

For more information about Aamdhane, please visit aamdhane.com or contact our support team at support@aamdhane.com.

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