Hitachi, Ltd. (TSE: 6501, Hitachi) and Virtusa Corporation (NASDAQ GS: VRTU) a global provider of digital strategy, digital engineering, and IT outsourcing services that accelerates business outcomes for its clients, today announced a new partnership to capitalize on the rapidly growing adoption of AI in financial services.
State Bank of India (SBI) and Hitachi Payment Services Pvt. Ltd., a wholly owned subsidiary of Hitachi, Ltd., announced the launch of merchant acquiring joint venture, SBI Payment Services Pvt. Ltd. (SBIPSPL) in Mumbai, for establishing a state-of-the-art digital payments platform for India and other countries in the region.
Hitachi is moving into the merchant acquiring business, buying a 26% stake in SBI Payment Services in India.
Hitachi Capital Business Finance has announced a major change to the way customers can repay a loan by offering the option to fund VAT across the term of an agreement.
The Reserve Bank of India has hit YES bank with a $1 million fine for failing to promptly report a breach of its ATM network.
Students arriving for Freshers' Week at Brunel University in London UK will be able to pay for goods at campus convenience store Costcutters with a touch of their finger at a Fingopay terminal installed by biometrics outfit Sthaler.
Hitachi Payment Systems has admitted culpability for a breach of its ATM network in India that spawned a massive recall of debit cards by the nation's banks.
Hitachi, Ltd. (TSE: 6501, Hitachi) and the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) today announced that they have started Proof of Concept (PoC) testing for using blockchain technology for digitalization of checks in the Republic of Singapore.
Hitachi has established a fintech research lab in Silicon Valley, where it will conduct R&D on new innovations in blockchain technology and financial services more generally.
Taiwan's CTBC Bank has launched a pilot version of an ATM that uses both facial recognition and finger-vein scanning to verify identity.
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