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Presence of some companies in Pune o ering Banking Products and Solutions SunGard Founded in: 1983 (in US) Employee Strength: 13,000 (globally), 2000 (IndiaBanglore and Pune) Oracle Financial So ware and Services (OFSS – formerly iFlex solu ons ltd.) Founded in: 1991 (in Mumbai) Employee Strength: 9,682 (In India) Fundtech Founded in: 1993 (in the US) Employee Strength: 251500 R Systems Founded in: 1993 (in Noida) Employee Strength: 2,600+ Polaris Financial Technology Founded in: 1993 (in Chennai) Employee Strength: 11,820 (globally) Opus So ware Solu ons Founded in: 1997 (Pune) Employee Strength: 1500 (globally) FinIQ Founded in: 2001 (in Singapore) Employee Strength: 600 chejad@gmail.com 4038 | 41
Technological developments in nancial services in India IMPS launched for public by NPCI in 2010 First Credit Card launched in India in 1980 Internet Banking launched in 1990 Business Correspondents allowed for Banks by RBI in 2006 1985 1995 2005 2014 1980 1990 2000 2010 First ATM deployed in India in 1987 Source: mPay Insights 2014 Translating to Transactions NEFT Payments launched by RBI in 2005 Regulations for Mobile Banking published by RBI in 2008 Over 600 lakh MMIDs issued by Banks 2014 & Rs. 3200 crores of fund transfer The BFSI industry has been an early adopter of technology, and surveys show that an increasing number of people, especially in the developed world are using their smartphones and tablets as the primary interface with their banks, not just for enquiries but also for carrying out transac ons. Thus, banks are using increasingly innova ve ways to differen ate their products and services, to stay ahead of the curve and also ward off compe on from nonbanking players entering the financial services space. Huge challenges remain in providing reliable service to customers at the me and place they choose, especially in the face of security threats with growing transac on volumes. A few Puneites recognized the opportuni es in this sector very early and we trace their genesis briefly. THINK <strong>PUNE</strong> REPORT 2014 chejad@gmail.com Opus So ware Solutions They built a complex payments switch branded as ElectraCard that drives ATMs and merchant Point of Sale (POS) devices. Opus was founded in 1997 with opera ons in North America, the Far East and India. Soon, Opus spun off ElectraCard Services (ECS) as a separate company for providing payment switching services to banks. Mastercard acquired a stake in ECS and now the company has over 100 customers and 200 installa ons across more than 30 countries and drives 50,000+ ATMs. It processes 4 billion transac ons annually and manages over 200 million payment cards. 39
Page 1 and 2: THINK PUNE November 2014 THE START-
Page 3 and 4: chejad@gmail.com
Page 5 and 6: We were intrigued by the ques on -
Page 7 and 8: The Resurgent Start-up Ecosystem in
Page 9 and 10: ACKNOWLEDGEMENTS As men oned earlie
Page 11 and 12: Team and Entrepreneur background Im
Page 13 and 14: Customer Information Pune startup
Page 15 and 16: Central SouthWest PUBMATIC TALEGA
Page 17 and 18: CONVERGENCE Paradigm for newer Inno
Page 19 and 20: BIG DATA/ ANALYTICS chejad@gmail.co
Page 21 and 22: MANUFACTURING Product Research | En
Page 23 and 24: CLOUD COMPUTING chejad@gmail.com
Page 25 and 26: Acloud refers to a dis nct IT envir
Page 27 and 28: Issues rela ng to privacy, security
Page 29 and 30: CORPORATE INVESTMENTS Tech Corporat
Page 31 and 32: 3 PAYMENTS f you spend a few moment
Page 33 and 34: Companies from six different indust
Page 35 and 36: ElectraCard Services (ECS): Based o
Page 37: 4 FINTECH With contribution from Na
Page 41 and 42: Marquee investors who have invested
Page 43 and 44: 5 PRODUCT LIFECYCLE MANAGEMENT (PLM
Page 45 and 46: chejad@gmail.com SECURITY TECH
Page 47 and 48: ot only corporate organisa ons but
Page 49 and 50: chejad@gmail.com ENTERPRISE MOBILIT
Page 51 and 52: THE ENTERPRISE MOBILITY ECOSYSYTEM
Page 53 and 54: PUNE STARTUP ORIGINS 3 enterprise
Page 55 and 56: 8 SOCIAL ENTREPRENEURSHIP With cont
Page 57 and 58: Business Sector Product Envirofit E
Page 59 and 60: chejad@gmail.com BIOTECH
Page 61 and 62: According to the Indian Brand Equit
Page 63 and 64: PUNE ENTREPRENEURIAL ECOSYSTEM chej
Page 65 and 66: PuneTech PuneTech.com, a goto web
Page 67 and 68: chejad@gmail.com PUNE SUCCESS STORI
Page 69 and 70: Quick Heal Company/Product: Started
Page 71 and 72: FirstCry Company/Product: Online ba
Page 73 and 74: daVIZta Company/Product: Started by
Page 75 and 76: CarIQ Company/Product: Intelligent
Page 77 and 78: RECENT ACQUISITIONS Hoopz Company/P
Page 79 and 80: chejad@gmail.com EVENT CALENDAR
Page 81 and 82: SEEDING CHANGE THROUGH INNOVATION D
Page 83: “Pune has now become a centre of

PUNE

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