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Bajaj Finserv Direct Limited, a subsidiary of Bajaj Finserv, has been appraised at Level 3 of ISACA’s Capability Maturity Model Integration (CMMI). The company has achieved appraisal at a Maturity Level 3 for both CMMI-DEV (for development) and CMMI-SVC (service delivery).

Bajaj Finserv Direct Limited appraised at Maturity Level 3 of CMMI (DEV and SVC)

An appraisal at maturity level 3 indicates that Bajaj Finserv Direct Limited is performing at a “defined” level. At this level, processes are well characterised and understood, and are described in standards, procedures, tools, and methods.

The organisation’s set of standard processes, which is the basis for Maturity Level 3, is established and improved over time. This translates to a systematic approach for creating outstanding products and services.

Bajaj Finserv Direct Limited appraised at Maturity Level 3 of CMMI translates to organization wide standards that provide guidance across projects, programs, and portfolios. With this certification, Bajaj Finserv Direct Limited can continue to provide quality services, reduce overall costs, increase the efficiency, and provide greater customer satisfaction.

About Bajaj Finserv Direct Limited

Bajaj Finserv Direct Limited, a subsidiary of Bajaj Finserv, is one of the fastest-growing fintech companies in India. It has two primary arms, Bajaj Markets, a financial marketplace, and Bajaj Technology Services, a techfin service provider.

Bajaj Markets is a marketplace that offers multiple financial products across all categories – Loans, Cards, Insurance, Investments, Payments, Pocket Insurance, and VAS. Bajaj Markets has partnered with trusted financial brands to offer “India ka Financial Supermarket”. A one-stop destination where its customers can explore a host of products that can help them achieve their financial life goals.

Having started its journey as a fintech, Bajaj Finserv Direct has also built a very strong business as a techfin. Through Bajaj Technology Services, it offers a wide gamut of digital technology services which span Custom Applications, Enterprise Applications, Data & Analytics, Gen AI, Cloud Services and Digital Agency.

Visit the Bajaj Markets website or download the Bajaj Markets’ app from the Play Store or App Store to experience “India ka Financial Supermarket”.

In the ever-evolving landscape of commercial real estate, Elan Malls have emerged as the epitome of luxury, convenience, and comprehensive urban living. The flagship projects, Elan Mercado and Elan Town Centre have redefined the concept of a shopping destination by seamlessly blending retail, top-notch food experiences, luxury service apartments, and world-class entertainment facilities. These developments go beyond the conventional retail experience, transforming into vibrant hubs that cater to various needs and desires, making them the perfect one-stop destinations for families, professionals, and leisure seekers alike.

Elan Imperial

Elan Mercado – Where Luxury Meets Convenience

Nestled in the heart of New Gurugram in Sector 80, Elan Mercado stands tall as a modern fusion of retail, high-street retail, luxury service apartments, and a state-of-the-art PVR Multiplex. Elan Mercado is the go-to food destination on NH8. The strategic location and open accessibility to Delhi, Jaipur, and main Gurugram make it a prime spot for top global brands seeking a hospitality and retail haven. The key features and amenities of Elan Mercado make it a standout in the commercial real estate sector. Premium retail shops showcase a curated selection of top-tier brands, while the salubrious food court invites patrons to savour a diverse range of culinary delights.

Meticulously planned service apartments provide a luxurious stay option for those looking for a blend of comfort and sophistication. The 5 silver screens multiplex adds an entertainment quotient, offering the latest in cinematic experiences. Fine dining restaurants, multi-cuisine outlets, and cafes create a gastronomic haven within the premises. What sets Elan Mercado apart is its commitment to offering a holistic experience. Its not just a place to shop; its a destination where visitors can immerse themselves in a world of luxury, entertainment, and indulgence. The fusion of retail, dining, and entertainment under one roof makes it a convenient and comprehensive choice for those seeking an all-encompassing urban lifestyle.

Elan Town Centre – The Elegant Retail Gateway

As the most sought-after commercial property in Gurgaon, Elan Town Centre at Sector 67, main Sohna Road, exemplifies the concept of high-street retail with double-height shops, a plush food court, and a PVR Multiplex. Surrounded by luxury residential townships, IT parks, SEZs, international schools, and universities along the main Sohna Road, it caters to families and business professionals alike. The easy access from the Golf Course Extension Road, NPR, and SPR positions it as a preferred investment option.

Elan Town Centres features and amenities further enhance its appeal. Double-height retail shops provide a unique shopping experience, while the salubrious food court offers a variety of culinary options. The 4 silver screen multiplex showcases the latest movies, while the premium flea market adds a touch of uniqueness to the overall shopping experience. Fine dining restaurants and a vibrant mix of retail outlets create an environment that resonates with a diverse audience. In all, Elan Town Centre seamlessly integrates into the daily lives of the community it serves.

A One-Stop Destination – All Customer Needs Fulfilled Under One Roof

What makes Elan Malls truly stand out is its ability to serve as a one-stop destination for a plethora of needs and desires. Whether youre looking for high-end fashion, a gourmet dining experience, or the latest blockbuster, Elan Mercado and Elan Town Centre have it all. The comprehensive nature of these luxury malls eliminates the need for patrons to hop between various locations, providing a convenient and time-efficient solution for their diverse requirements.

For families, Elan Malls offers the perfect weekend getaway. With luxury service apartments, fine dining options, and a variety of entertainment choices, families can create memorable experiences without leaving the premises. Also, professionals working in the vicinity find a haven where they can seamlessly transition from work to leisure.

Looking towards bright future horizons, Elan Malls have reshaped the shopping, food, and entertainment experiences in the Delhi NCR region. Elan Mercado and Elan Town Centre showcase the future of commercial real estate, a future where luxury, convenience, and comprehensiveness come together to create a one-stop destination and a weekend getaway for all. As these developments continue to evolve, they set a benchmark for the industry, offering a glimpse into the transformative power of luxury malls in shaping the urban landscape.

Bureau, a pioneering fraud and identity decisioning platform, has introduced ‘Money Mule Score,‘ a cutting-edge solution that empowers financial institutions, NBFCs, and fintech companies to proactively detect potential money mules during user onboarding. The solution provides a holistic risk assessment, which goes beyond traditional KYC processes to detect and prevent mule accounts, thereby protecting businesses and their customers.

Ranjan R Reddy, Founder & CEO, Bureau

Money mule fraud has become a critical threat to global financial security. As per NASDAQ’s Global Financial Crime Report 2024, among anti-financial crime professionals surveyed, 47% listed money mule activity as a major concern, placing it second only to real-time payments fraud. The traditional KYC-AML processes prove ineffective, as they are static in nature, creating gaps that sophisticated criminals can exploit.

Money Mule Score is built on Bureau’s proprietary Link Analysis that utilises advanced machine learning and analytics to assess user’s risk indicators, beyond the traditional KYC process. It incorporates Bureaus extensive domain expertise across email, phone, social media, and device intelligence which analyses users’ legitimacy through device fingerprints, behavioral patterns, and historical data, and flagging potential high-risk users right at the onboarding stage. The solution integrates seamlessly into companies’ existing onboarding processes, ensuring a smooth experience for legitimate users.

Ranjan R Reddy, Founder & CEO, Bureau – “Fraud, and online financial crime is a growing menace in India, which puts trust between digital platforms, their customers, and regulators in jeopardy. Money mule accounts and activity is the fastest growing fraud trend, and Bureau is uniquely placed to help with our proprietary technology, data, and insights. Our money mule score identifies potential mule accounts in real-time at onboarding, as well as detect existing accounts and activity that are suspicious. We have seen great success in deploying industry specific machine learning models, and link analysis that have led to detecting over 500k mule accounts, protecting over $100m of financial activity.”

“Bureau’s Money mule score is a significant step towards eliminating cyber fraud, and enabling safe and secure financial access.”

Bureau’s partnership with a leading Indian bank for the deployment of Money Mule Score led to a 60% uplift in money mule detection as compared to the banks existing KYC process. These early mule detections enabled the bank to prevent the potential fraud losses of over $43 million within the first six months of using the solution.

With this success, Bureau has officially launched the solution for companies across the spectrum of digital banking, to detect and block potential money mules before they can cause damage. Financial services providers are encouraged to contact Bureau for a demo to learn how Money Mule Score can bolster their fraud prevention strategies.

To schedule a demo of Money Mule Score and learn more about Bureaus industry-leading fraud prevention capabilities, please visit www.bureau.id.

About Bureau

Bureau is a modern no-code decisioning platform. It delivers absolute conclusions about digital identity trustworthiness to prevent fraud, ease compliance, and make it easy for consumers to transact online. The single AI-architected platform provides banks, fintech, gaming, gig economy and e-commerce companies with a complete range of risk, compliance, fraud prevention and detection, and onboarding solutions. Its Identity Bureau network supplies customers with insights derived from an identity graph and feedback loop about digital identities based on contextualised linkages. Backed by tier-one investors like GMO Venture Partners, Okta Ventures, Commerce Ventures, Quona Capital, Blume Ventures, EMVC, and Village Global, Bureau is headquartered in San Francisco, CA, with offices in India and Singapore.

The picturesque state of Punjab is witnessing a remarkable surge in its real estate sector, fueled largely by a significant influx of investments from Non-Resident Indians (NRIs). Financial inflows into the states property market have reached unprecedented levels, marking a new era of growth and development for the region.

NRI Investment in India Surges: Financial Inflows Reach Record High

Simplified Taxes, Indexation Benefits are Prompting NRIs to invest more in Real-estate back home. Prominent real estate developers in Punjab are upbeat about this flourishing trend, highlighting the immense potential and opportunities it brings. Heres what they had to say:

Mr. Prateek Mittal, Executive Director, Sushma Group:

“Our company has seen a substantial increase in interest from NRIs, particularly in our luxury residential projects. The demand for premium homes with modern amenities is at an all-time high, Were seeing more inquiries than ever for Holiday homes, Todays buyer is seeking expansive living areas bathed in natural light, they are not after land but a certain lifestyle and we are committed to delivering exceptional living spaces that meet the discerning tastes of our NRI clientele.”

Mr. Mukul Bansal, Managing Director, Motiaz:

“Punjabs real estate market is experiencing rejuvenation, thanks to the enthusiastic participation of NRIs. We have witnessed a surge in investments in both residential and commercial properties. According to recent reports, NRI residential sales have increased from 11 per cent to 15 per cent in a short span, a sign of growing confidence in Indias real estate market. The states strategic location and growing infrastructure make it an attractive destination for property buyers.”

Mr. Piyush Kansal, Executive Director, Royale Estate Group:

“The NRI communitys trust in Punjabs real estate market is evident through their substantial investments. Theres a surge in NRI investment across our projects. We are focused on creating value-driven projects that resonate with their aspirations. Our upcoming mixed-use development has garnered significant interest from NRIs looking for lucrative investment opportunities. “

Mr. Tejpreet Singh, Managing Director, Gillco:

“The landscape of Punjabs real estate is evolving, driven by the aspirations of NRIs seeking a slice of their homeland. NRI investments in Indian real estate have surged to a record high of $8.47 billion in the financial year 2023-24. Our integrated townships and commercial projects have been met with great enthusiasm from NRIs, who see Punjab as a thriving hub for growth. Our investors have witnessed returns as high as 30% on their investments with Gillco Group. We are committed to shaping the future of Punjabs real estate sector.”

With Punjabs real estate market poised for exponential growth, developers are gearing up to meet the demand for premium properties, innovative designs, and world-class amenities. The infusion of NRI investments promises to redefine the skyline of Punjab, creating vibrant urban spaces and luxurious living experiences for residents and investors alike.

As the state embarks on this exciting journey of development, one thing remains clear-the partnership between NRIs and Punjabs real estate developers is set to script a success story that resonates far and wide.

Amogh, a charitable foundation empowering young adults with special needs, is organizing ‘Sur Samvaad’– a musical evening to commemorate World Autism Month. The event will take place from 4 PM onwards on April 19, 2024, Friday, at the Bangalore International Centre in Domlur, Bengaluru. The event will begin with an awareness interaction on Autism Spectrum led by Ms. Hema Jayaram, Co-founder, WeCAN- Autism Center. Classical singer Smt. Kruthi Vittal will be performing an immersive music concert, accompanied by Shri. Vittal Rangan on the violin and Shri. B S Prashanth on the mridangam. Those interested in attending the event can book their seats by visiting amoghtrust.com/event/autism-awareness-month/.

Sur Samvaad – A Musical Evening on 19th April

Sur Samvaad’ is set to attract music enthusiasts from across the city. Smt. Kruthi Vittal, who has showcased her exceptional talent in Indian Classical music on esteemed stages worldwide, will take center stage at the concert. Shri. Vittal Rangan, an acclaimed violinist with a decade-long career in music will be on the violin and Shri. B S Prashanth, who has performed with renowned artists in musical concerts, will be on the mridangam.

This event is organized by Amogh, a charitable foundation aiming to provide appropriate support to different segments of society, especially in areas of dignified living, life skills and work skills acquisition. World Autism Month focuses on increased understanding and acceptance of people with autism by fostering worldwide support and highlighting the contributions of individuals with autism. Amogh is marking this occasion by raising awareness on the importance of empowering people with autism.

Amogh was founded in 2012 by Ms. Jayashree Vaitheeswaran, Ms. Akhila Krishnamurthy, and Mr. Krishnamurthy M A.

Established as a result of the founders deep commitment to empowering people with special needs, Amogh strives to provide an enabling environment to different segments with the goal of helping them fulfil their aspirations.

Speaking on the occasion, Ms. Jayashree Vaitheeswaran, Co-Founder & Managing Trustee, Amogh said, “Amogh is built on the premise that every human being dreams of a meaningful life and aspires for an environment that encourages each one to pursue one’s personal vision, gain appreciation, and achieve recognition. With Amogh, every day is new, and every day is an enriching experience. Since its inception, Amogh has come a long way in enabling a positive environment for people with special needs and we are committed to pursuing our mission with the same passion in the years to come. We are delighted to be organizing ‘Sur Samvaad‘- an evening combining awareness on Autism and a grand musical concert.”

You can choose to donate and support Amogh’s existing and upcoming projects. To know more about Amogh and to donate, visit amoghtrust.com.

About Amogh

Amogh is a charitable foundation aiming to provide appropriate support to different segments of society, especially in areas of dignified living, life skills and work skills acquisition. Since its inception, Amogh has launched various projects to empower differently abled youngsters and adults. Amogh launched Project Deeksha in 2013, the organization’s first initiative that aims to impart basic computer skills to differently abled children. Pragati Work Center, that helps trainees make progress in computer skills, was launched in 2014. Another significant initiative- Project Ananya, that helps youngsters become self-reliant by teaching them unique skills to aid their holistic development, was launched in 2016. Amogh’s most recent project is ‘Dream Weaves‘, an initiative that allows differently abled adults to express themselves artistically through weaving, which in turn improves their motor skills.

Signify the world leader in lighting, has illuminated 61 tribal and marginal villages in Parvathipuram Manyam district, Andhra Pradesh, with energy-efficient LED street lighting to enhance the safety of local citizens. The project was executed in partnership with a grassroot NGO, Jana Kalyana Samakhya as part of the company’s ‘Har Gaon Roshan‘ CSR program, which focuses on sustainable rural development and womens safety across India.

Signify illuminates 60+ tribal villages in Parvathipuram Manyam district, Andhra Pradesh

The project is contributing to enhancing the safety and security of the local community, allowing them to conduct regular meetings to discuss their issues. The illuminated streets have reduced the risk of human-wildlife conflict cases, providing more time for economic & livelihood activities, allowing children to do more outdoor activities, and enhancing womens safety.

The initiative has brought about a favorable transformation for more than 16,500 villagers and over 3,900 households with over 700 high-quality energy efficient outdoor streetlights.

Commenting on the project, Nikhil Gupta, Head of Marketing, Strategy, Govt. Affairs & CSR – Signify, Greater India said, “Our CSR strategy and initiatives resonate with our brand purpose which is to unlock the extraordinary potential of light for brighter lives and a better world. We are strongly committed to our CSR initiatives and our vision for developing underprivileged diverse communities. We are proud to have partnered with Jana Kalyana Samakhya on this project, helping improve lives in the tribal villages of Andhra Pradesh.”

“Working with Signify aligns with our greater goals and together we have impacted the lives of people living in these tribal villages, providing them with access to clean and energy-efficient street lighting solutions. We appreciate Signifys efforts towards enhancing the safety of the local people,” said Mr. Nidhil Varghese, CEO Jana Kalyana Samakhya.

This project is set to leverage technology and innovation for isolated communities by providing essential services such as lighting solutions to brighten the path to a brighter future.

About Signify

Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. In 2022, we had sales of EUR 7.5 billion, approximately 35,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We achieved carbon neutrality in our operations in 2020, have been in the Dow Jones Sustainability World Index since our IPO for six consecutive years and were named Industry Leader in 2017, 2018 and 2019. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s Small and Medium-sized businesses (SMBs) to transact, do business, and grow globally, has announced the 8th edition of its global flagship event in India, Payoneer Elevate.

Gaurav Shisodia, Vice President – India,Payoneer

Scheduled to take place in New Delhi on April 18, 2024, this one-of-a-kind event aims to empower SMBs engaged in service exports like IT, web and app development, programming and technical support, consulting and management, and digital marketing & sales looking to thrive in the rising, global economy.

Payoneer Elevate stands out as a marquee event, featuring influential thought leaders and policymakers from the industry sharing insights for international businesses, identifying global trends in service exports, and unlocking the next frontiers of growth for Indian SMBs.

The event will feature sessions filled with invaluable industry insights, led by influential thought leaders such as Sanjeev Bikchandani, Founder of InfoEdge; Jeet Vijay, CEO of MeitY Startup Hub; Naina Lal Kidwai, Chairperson of Rothschild India and Founder of Indias Sanitation Coalition; Pramod Bhasin, Chairman of ICRIER and Founder of Genpact Ltd; and Vani Dandia, Founder of CherryPeachPlum Growth Partners. Topics include “India’s Service Sector Supremacy: Key Drivers Shaping the Era of Transformation & Global Opportunities,” “Unlocking the People Potential for India @100: Harnessing the Young Workforce and Reimagining Recruitment, Retention, and Upskilling,” and “Lessons in Brand Building for Indias Service Sector.

Gaurav Shisodia, Vice President – India, Payoneer said “Indias service ecosystem is experiencing dynamic growth, positioning the sector with an average growth rate of 24% over the last two years. At Payoneer, we have witnessed an increase in our customer base in India by 54% in service exports-focused businesses since 2016 (as of Dec 31st, 2023), fueled by convenience, dedicated local support, and our commitment to support business growth for global expansion.”

“Elevate 2024 underscores Payoneers dedication to empowering businesses by facilitating learning, networking, and access to industry thought leaders and domain experts through curated sessions and workshops on pivotal topics of Finance, HR, and Growth.”

Through meticulously curated knowledge-led workstreams facilitated by domain experts, attendees will gain invaluable insights and effective strategies for international expansion. The workstreams will cover topics such as “Tax Tightrope: Navigating Taxation Implications for Businesses Eyeing Global Growth”; “Mastering Global HR: Hiring & Compliance,” “The Next Wave in Performance Management: From OKRs to Technology,” “Acing the Funding Juggernaut: Raising Capital – Bootstraps and Beyond,” “From India With Love: Shaping the Global Demand for Made in India Services and Products,” and “The AI Disruption: How Artificial Intelligence and Data Analytics Will Drive Future-Ready Marketing,” among others.

Founded in 2005, Payoneer is a global multi-currency financial stack, supporting up to 11 of the worlds most traded currencies in 190+ countries and territories empowering cross-border businesses to effortlessly get paid, manage, and expand their international transactions. Payoneers local receiving accounts enable businesses to accept payments from global customers, vendors, and marketplaces in multiple currencies across borders. This allows SMBs to operate virtually in international markets regardless of their geographical location.

About Payoneer
Payoneer is the financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is our mission to enable any entrepreneur and business anywhere to participate and succeed in an increasingly digital global economy. Since our founding, we have built a global financial stack that removes barriers and simplifies cross-border commerce. We make it easier for millions of SMBs, particularly in emerging markets, to connect to the global economy, pay and get paid, manage their funds across multiple currencies, and grow their businesses.

Forward-Looking Statements
This press release includes, and oral statements made from time to time by representatives of Payoneer, may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Payoneer’s future financial or operating performance. For example, projections of future revenue, transaction cost and adjusted EBITDA are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “plan,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Payoneer and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in applicable laws or regulations; (2) the possibility that Payoneer may be adversely affected by geopolitical and other economic, business and/or competitive factors; (3) Payoneer’s estimates of its financial performance; (4) the outcome of any known and/or unknown legal or regulatory proceedings; and (5) other risks and uncertainties set forth in Payoneer’s Annual Report on Form 10-K for the period ended December 31, 2022 and future reports that Payoneer may file with the SEC from time to time. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Payoneer does not undertake any duty to update these forward-looking statements.