Latest news with #AshishGarg
Mint
11-08-2025
- Entertainment
- Mint
Ashish Garg, Ghaziabad's district judge, dies of heart attack after hernia surgery
In tragic news, 52-year-old district judge of Ghaziabad – Ashish Garg – passed away on Monday after suffering from a fatal heart attack in a hospital washroom, reported Dynamite News. The report added that on August 10, Ashish Garg had undergone a hernia surgery at Yashoda Hospital and was in the recovery phase. When the incident took place, Garg's son was present at the hospital and witnessed the tragic incident. According to details, Garg served as the District and Sessions Judge of Ghaziabad and was earlier posted in Mathura. Garg was born in Uttar Pradesh's Muzaffar Nagar and was appointed to the Higher Judicial Service. In his tenure, he also served as Registrar General at the Allahabad High Court. Veteran filmmaker Partho Ghosh passed away at the age of 75 years on June 9 after suffering a heart attack. Ghosh in his career directing some of Indian cinema's most impactful films in the 90s, including 100 Days starring Madhuri Dixit. His other notable works include: Agni Sakshi (1996), Ghulam-E-Musthafa (1997), Teesra Kaun? (1994), and Yugpurush (1998). Confirming the news actress Rituparna Sengupta wrote in an emotional tribute for the filmmaker. She said, as quoted by India Today, "Heartbroken beyond words. We have lost an exceptional talent, a visionary director, and a kind soul. Partho da, you will always be remembered for the magic you created on screen. Rest in peace."
Finextra
10-07-2025
- Business
- Finextra
Eltropy embeds video banking into Unified Conversations Platform
Eltropy, the leading digital conversations platform for community financial institutions (CFIs), today announced that Eltropy Video Banking is now fully embedded within the company's Unified Conversations Platform. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Eltropy's platform-backed Video Banking allows CFIs to deliver secure, face-to-face banking services anytime, anywhere, turning any device into a virtual branch while maintaining the personal touch that sets community institutions apart. Building on the 2022 acquisition of POPi/o, this full integration of video banking into the Eltropy platform represents a significant milestone in Eltropy's digital-first strategy, positioning Eltropy Video Banking as a core component for CFIs looking to consolidate channels, reduce vendor complexity, and improve the member and consumer experience. "What started as a pandemic necessity has become a competitive advantage for community financial institutions," said Ashish Garg, Co-Founder & CEO of Eltropy. "Our customers are seeing remarkable results – from 84% growth in booked loans to 70% reduction in lost opportunities. The key is that Video Banking isn't replacing personal service, it's extending it. CFIs can now deliver that same high-touch experience whether someone walks into their lobby or connects from their kitchen table." Addressing the Digital Expectations Gap Consumer expectations continue to drive demand for video-enabled financial services. According to Twilio's 2024 State of Customer Engagement report, 76% of consumers expect to interact with brands through video as easily as they would through phone or chat. This shift reflects broader adoption of video for essential services across industries – from filing tax returns with the IRS to telehealth consultations – making video banking a natural extension of services consumers already expect and use. Video banking addresses real challenges faced by both CFIs and their members. For members and consumers, it eliminates barriers like travel time to branches, or serving members who have relocated or live in underserved areas where physical branches aren't present. The platform also allows CFIs to instantly connect customers with interpreters during video sessions, ensuring language barriers don't prevent access to financial services. For CFIs with limited budgets, video banking enables them to offer specialized consultations beyond standard branch hours without requiring additional staffing at every location, while consolidating expert resources to support multiple branches virtually. Eltropy Video Banking addresses these evolving needs through two powerful deployment models: Remote Video Banking – provides on-demand and scheduled video appointments, allowing CFIs to serve consumers anywhere without geographic limitations. The solution supports complete end-to-end workflows for remote loan applications, account openings, document collection, identity verification, and e-signature capabilities. In-Branch Video Rooms – virtualize experts across all branch locations, enabling every branch to access specialized services like lending, account opening, general consumer services, business banking support, or investment guidance by connecting with centralized specialists. Comprehensive Banking Workflows in One Platform The all-new Eltropy Video Banking solution offers extensive capabilities designed specifically for financial services: • Identity Verification & Compliance: Built-in ID verification and secure session recording with full audit trails • Document Management: Real-time document collection, sharing, and e-signature capabilities during video sessions • Secure Communications: End-to-end encryption, OTP-based session access, and comprehensive session logging • System Integration: Full compatibility with core banking systems, lending platforms, and existing digital banking infrastructure • Multi-Channel Continuity: Unified experience across text, voice, chat, email, and video communications The platform allows staff to share screens to walk customers through forms or processes, while conferencing and transferring capabilities allow institutions to bring in interpreters or specialists live during sessions. This comprehensive approach helps resolve issues in a single video session versus multiple phone calls, improving both efficiency and customer satisfaction. Proven Results Across Customer Base Early adoption and migration results demonstrate significant business impact, with mortgage consultations representing the most common use case on the Eltropy platform – as CFIs leverage video to guide customers through complex loan applications and documentation processes. Customer outcomes include: • Resource One Credit Union: 84% growth in booked loans • Xplore Federal Credit Union: 60% increase in new account openings and 70% reduction in lost opportunities • TruWest Credit Union: 240+ consumer hours saved through faster resolutions • Carter Credit Union: 70% reduction in abandonment rates across 13 locations served "Eltropy video banking has really been a lifeline for our branches,' said Jeremy Deamer, Branch Technology & Innovation Manager, America First Credit Union. 'The solution has been particularly powerful for expansion. When we opened a location in San Bernardino through a merger, we installed a kiosk and never needed traditional branch staff. All lending, teller transactions, and new account openings are handled seamlessly through video banking." Video banking also provides critical business continuity during disruptions such as natural disasters or severe weather events, ensuring CFIs can maintain service when branches are closed or operating with limited capacity, while allowing staff and customers to connect from anywhere. Security and Compliance Framework Eltropy Video Banking incorporates enterprise-grade security features essential for financial services, including cloud-based video recording with no local storage risks, multi-factor authentication, and full compliance with SEC 17a-3/4 and FINRA 3110 and 2210 requirements. The platform provides end-to-end encryption with customizable retention policies and secure data export capabilities for audit purposes. Strategic Platform Integration The integration emphasizes Video Banking's role within Eltropy's broader Unified Conversations Platform, which combines communication channels with AI-powered automation, workflow management, and comprehensive analytics. This integration allows CFIs to consolidate vendor relationships, improve operational efficiency through AI assistants and automation, deliver better omnichannel experiences with smooth transitions between communication channels, and scale service delivery without expanding their physical footprint. Availability and Implementation Eltropy Video Banking is available immediately as part of the Unified Conversations Platform. The company provides comprehensive onboarding support including dedicated implementation management, customized training sessions, and 24/7 technical support through Eltropy's customer success organization.
Mint
10-07-2025
- Business
- Mint
Illegal betting case: ED cracks down on gaming platform Probo, freezes assets worth ₹284 crore
The Enforcement Directorate on Wednesday said it has frozen fixed deposits and shares worth more than ₹ 284 crore belonging to a Haryana-based company, as part of a money laundering investigation linked to illegal online betting. The action was taken under the criminal sections of the Prevention of Money Laundering Act (PMLA) after the agency conducted searches for two days starting Tuesday at four premises in Gurugram and Jind in Haryana, belonging to the firm Probo Media Technologies Pvt. Ltd. and its promoters Sachin Subhaschandra Gupta and Ashish Garg, news agency PTI reported. The case pertains to alleged illegal online gambling, where complainants told police that they were "cheated" and "dishonestly" presented with a scheme of earning money through simple "yes or no" questions, while in reality, the scheme promotes "gambling" by luring players to invest more in the hope of earning higher returns. The investigation found that the app/website "defrauds" users by first presenting a misleading image of a genuine skill-based platform, but ultimately "exploits" them through a betting system where winning depends entirely on chance, not on the user's knowledge or abilities. According to the agency, the company described its platform as 'opinion trading', claiming that the game required knowledge and skill to play. "However, analysis of games shows that all the games can be answered with a 'Yes or No' and hence, there are only two possible outcomes, which makes it indistinguishable from gambling/betting, resulting in loss of hard-earned money of the users," the probe agency told PTI. The agency alleged that the app/website lacks any system to stop minors from signing up as users, does not carry out proper due diligence (KYC), and attracts new users with "misleading" advertisements while promoting opinion trading linked to election results. The Enforcement Directorate (ED) said the company had received ₹ 134.84 crore from foreign entities based in Mauritius, the Cayman Islands, and other locations, against the issue of 'preference shares'. "The searches resulted in seizure of incriminating documents and digital data. Investment in FDs and shares amounting to ₹ 284.5 crore and three bank lockers have been frozen during the searches," it added. 'Cooperating' in money laundering probe Online platform Probo on Thursday said it was "cooperating" with the Enforcement Directorate (ED). "In light of recent developments, we would like to assure all stakeholders and the public that Probo is cooperating with law enforcement authorities in the ongoing inquiries." "As pioneers of a nascent-yet-transformative technology in India's digital landscape, we remain confident that our commitment to compliance and innovation will help us emerge stronger through this process," a Probo spokesperson said in a statement to PTI.
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Business Standard
10-07-2025
- Business
- Business Standard
ED cracks down on opinion trading platform Probo, freezes ₹284.5 crore
The Enforcement Directorate (ED) freezes ₹284.5 crore worth of assets in its crackdown on Probo, an opinion trading platform. The company assures co-operation with ongoing law enforcement inquiries premium Listen to This Article The Enforcement Directorate (ED) this week conducted search operations at four premises linked to the opinion trading platform Probo in Gurugram and Jind, Haryana, and froze assets worth ₹284.5 crore. The ED cracked down on the company and its promoters, Sachin Subhaschandra Gupta and Ashish Garg, under the provisions of the Prevention of Money Laundering Act (PMLA) 'in connection with the company's illegal gambling/betting activities across India.' The ED added that the platform lacked safeguards to prevent minors from registering as users, did not follow Know Your Customer (KYC) due diligence, and was found to be inducing new users through
Mint
10-07-2025
- Business
- Mint
ED busts ₹284 crore fraud, cracks down on gaming platform Probo; company says 'user safety and trust top priorities'
The Enforcement Directorate on Wednesday said it has frozen fixed deposits and shares worth more than ₹ 284 crore belonging to a Haryana-based company, as part of a money laundering investigation linked to illegal online betting. The action was taken under the criminal sections of the Prevention of Money Laundering Act (PMLA) after the agency conducted searches for two days starting Tuesday at four premises in Gurugram and Jind in Haryana, belonging to the firm Probo Media Technologies Pvt. Ltd. and its promoters Sachin Subhaschandra Gupta and Ashish Garg, news agency PTI reported. The case pertains to alleged illegal online gambling, where complainants told police that they were "cheated" and "dishonestly" presented with a scheme of earning money through simple "yes or no" questions, while in reality, the scheme promotes "gambling" by luring players to invest more in the hope of earning higher returns. The investigation found that the app/website "defrauds" users by first presenting a misleading image of a genuine skill-based platform, but ultimately "exploits" them through a betting system where winning depends entirely on chance, not on the user's knowledge or abilities. According to the agency, the company described its platform as 'opinion trading', claiming that the game required knowledge and skill to play. "However, analysis of games shows that all the games can be answered with a 'Yes or No' and hence, there are only two possible outcomes, which makes it indistinguishable from gambling/betting, resulting in loss of hard-earned money of the users," the probe agency told PTI. The agency alleged that the app/website lacks any system to stop minors from signing up as users, does not carry out proper due diligence (KYC), and attracts new users with "misleading" advertisements while promoting opinion trading linked to election results. The Enforcement Directorate (ED) said the company had received ₹ 134.84 crore from foreign entities based in Mauritius, the Cayman Islands, and other locations, against the issue of 'preference shares'. "The searches resulted in seizure of incriminating documents and digital data. Investment in FDs and shares amounting to ₹ 284.5 crore and three bank lockers have been frozen during the searches," it added.
