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Fintech News ME
11 hours ago
- Business
- Fintech News ME
Qatar's AlRayan Bank Launches Finastra Corporate Channels
Finastra has announced that AlRayan Bank, one of Qatar's largest Islamic banks, has successfully gone live with Finastra Corporate Channels, enhancing its corporate digital banking services. The platform offers a unified and secure digital experience across multiple channels and aims to improve operational efficiency and client satisfaction. With an updated trade finance and cash management infrastructure, AlRayan Bank can introduce new mobile-first features, accelerate time-to-funds, and support business growth while maintaining client retention. The implementation was led by IBC Solutions, a regional banking services provider for the Middle East and Africa, and was completed within four months. During the same period, AlRayan Bank also upgraded to the latest release of Finastra Trade Innovation, ensuring compliance with the ISO 20022 MX messaging standard. Both platforms support the bank's Shariah-compliant services. 'Going live with Corporate Channels is a major step forward in our strategy to offer best-in-class digital services to our corporate clients,' said Omar Al Emadi, Acting Group Chief Executive Officer of AlRayan Bank. 'The platform provides us with the flexibility and scalability to meet evolving market demands while delivering secure, innovative, and client-centric trade finance and cash management services. We have expanded our long-standing partnership with Finastra based on the richness of its functionalities, ease of integration, and rapid deployment.' Finastra's Corporate Channels is a modular digital banking solution that unifies trade, supply chain finance, cash management, financing, and treasury services for corporate clients. The platform features embedded security tools, regulatory compliance functions, and real-time data analytics, and is API-enabled for seamless integration and configurable workflows. AlRayan Bank has also recently selected Finastra's Essence core banking solution and continues to use the Opics treasury management platform, further demonstrating the bank's ongoing collaboration with Finastra. 'AlRayan Bank has been a valued partner for over 16 years,' said Manish Joshi, Vice President, APAC and EMEA, Lending at Finastra. 'The successful go-live of Corporate Channels highlights our shared vision of co-innovation and digital transformation. We are proud of the speed and quality of delivery, achieved in close partnership with IBC Solutions, and we look forward to supporting AlRayan Bank in unlocking new growth opportunities and advancing its innovation journey in Islamic finance.'
News18
01-07-2025
- News18
UGC Flags 89 Institutes Including IIT Bombay, Kharagpur For Not Following Anti-Ragging Norms
Last Updated: Defaulters include IIT Bombay, Kharagpur, Palakkad, Hyderabad; IIM Bombay, Rohtak, Tiruchirappalli; AIIMS Raebareli; and NID campuses in Delhi, Andhra Pradesh, and Haryana. Four Indian Institutes of Technology (IITs) and three Indian Institutes of Management (IIMs) have been named on a defaulter list for not following anti-ragging rules, according to officials from the University Grants Commission (UGC). The UGC has sent show-cause notices to 89 institutions across India for not submitting the required anti-ragging compliance documents. Among the 17 Institutes of National Importance on the list are well-known IITs, IIMs, AIIMS, and NIDs. The IITs listed as defaulters are IIT Bombay, IIT Kharagpur, IIT Palakkad, and IIT Hyderabad. The IIMs on the list include IIM Bombay, IIM Rohtak, and IIM Tiruchirappalli. AIIMS Raebareli and the National Institute of Design (NID) campuses in Delhi, Andhra Pradesh, and Haryana have also been named. 'It has come to the attention of UGC that these institutions have failed to submit the mandatory Anti-Ragging undertakings by students and compliance undertaking by the institutions, despite multiple advisories issued by the UGC, follow-up calls from the Anti-Ragging Helpline, and direct interventions by the Anti Ragging Monitoring Agency," UGC Secretary Manish Joshi, reported PTI. 'Adherence to the UGC Regulation on Ragging, 2009 is mandatory for all Higher Education Institutions (HEIs). Failure to comply not only violates UGC guidelines but also compromises student safety, particularly in light of increasing concerns about ragging-related distress and campus hostility," he added. The UGC has warned that institutions on the defaulter list may face serious consequences, such as withdrawal of UGC grants and funding, which would affect financial assistance and research work. It has also warned of possible de-recognition or cancellation of affiliation if the institutions don't comply within 30 days. Other well-known names on the list include the National Institute of Pharmaceutical Education and Research (NIPER), Hyderabad; Aligarh Muslim University; Nalanda University; IGNOU; and the Indian Statistical Institute, Kolkata. As per the Anti-Ragging Regulations, 2009, every student, along with their parents or guardians, must submit an anti-ragging undertaking at the time of admission and again at the start of each academic year.
India Today
29-06-2025
- India Today
IIT Bombay, IIM Rohtak named in UGC's anti-ragging defaulter list
In a major step to protect students, the University Grants Commission (UGC) has listed 89 colleges and universities across India for not following anti-ragging rules. The list includes top institutions like four IITs, three IIMs, and other leading national IITs flagged for non-compliance are IIT Bombay, IIT Kharagpur, IIT Hyderabad, and IIT Palakkad. The IIMs in question include IIM Bombay, IIM Rohtak, and IIM Tiruchirappalli. Others on the list include AIIMS Raebareli and the National Institute of Design (NID) campuses in Delhi, Andhra Pradesh, and UGC issued show-cause notices to these institutions for not submitting the required anti-ragging undertakings from both students and the institutions themselves, despite repeated advisories, follow-up calls from the Anti-Ragging Helpline, and interventions by the Anti-Ragging Monitoring Agency. 'Despite multiple reminders, these institutions have not submitted compliance documents mandated under the UGC's Anti-Ragging Regulations, 2009,' said UGC Secretary Manish Joshi. 'This is a serious concern, especially considering the rising instances of ragging-related distress and growing safety concerns within campuses,' he to comply with these regulations could result in severe penalties. The UGC has warned that it may withdraw grants, suspend research funding, or even cancel the affiliation of non-compliant institutions if they do not respond within 30 notable institutions on the defaulters' list include Aligarh Muslim University, Nalanda University, NIPER Hyderabad, IGNOU, and the Indian Statistical Institute in per the UGC guidelines, it is compulsory for every student, along with their parents or guardians, to submit an anti-ragging affidavit at the time of admission and at the beginning of every academic year. Institutions are also required to file compliance reports to ensure accountability and safeguard student welfare.(With PTI inputs)- Ends
Indian Express
29-06-2025
- Indian Express
IIT Bombay, Kharagpur, & others on UGC's defaulter list for non-compliance of anti-ragging norms
Four Indian Institutes of Technology (IITs) and three Indian Institutes of Management (IIMs) are on the defaulter list for not complying with anti-ragging norms, according to officials at the University Grants Commission (UGC). The UGC has issued show-cause notices to 89 institutions across the country for not submitting mandatory compliance undertakings of anti-ragging norms. On the defaulter list are 17 Institutes of National Importance, including IITs, IIMs, AIIMS and NIDs. The defaulters IITs are – IIT Bombay, IIT Kharagpur, IIT Palakkad and IIT Hyderabad. Similarly, IIM Bombay, IIM Rohtak and IIM Tiruchirpalli are also on the list. The defaulters also include AIIMS Raebareli and National Institute of Design — Delhi, Andhra Pradesh and Haryana. 'It has come to the attention of UGC that these institutions have failed to submit the mandatory Anti-Ragging undertakings by students and compliance undertaking by the institutions, despite multiple advisories issued by the UGC, follow-up calls from the Anti-Ragging Helpline, and direct interventions by the Anti Ragging Monitoring Agency,' said UGC Secretary Manish Joshi. 'Adherence to the UGC Regulation on Ragging, 2009 is mandatory for all Higher Education Institutions (HEls). Failure to comply not only violates UGC guidelines but also compromises student safety, particularly in light of increasing concerns about ragging-related distress and campus hostility,' he added. The UGC has warned the defaulter institutions of withdrawing UGC Grants and Funding, impacting financial assistance and research projects and de-recognition or withdrawal of affiliation, if the norms are not complied with 30 days. National Institute of Pharmaceutical Education and Research (NIPER), Hyderabad; Aligarh Muslim University; Nalanda University; IGNOU and Indian Statistical Institute, Kolkata are among other prominent institutions on the defaulter list. The Anti-Ragging Regulations, 2009 mandate that every student and their parents and guardians must submit an anti-ragging undertaking at the time of admission and at the beginning of every academic year.
Time of India
29-06-2025
- General
- Time of India
IITs, IIMs, AMU among 89 institutions pulled up by UGC over anti-ragging norm violations
Several of India's premier educational institutions, including four Indian Institutes of Technology ( IITs ), three Indian Institutes of Management ( IIMs ), and Aligarh Muslim University (AMU), have been pulled up by the University Grants Commission ( UGC ) for failing to comply with mandatory anti-ragging regulations. The UGC has issued show-cause notices to 89 institutions across the country for not submitting the required anti-ragging undertakings. These undertakings include declarations from students, as well as compliance reports from the institutions themselves, as mandated under the UGC's 2009 regulations to curb ragging in higher education. Among the 89, 17 are Institutes of National Importance. The four IITs on the defaulter list are IIT Bombay, IIT Kharagpur, IIT Palakkad, and IIT Hyderabad. The three IIMs include IIM Bombay, IIM Rohtak, and IIM Tiruchirappalli. Other top institutions found non-compliant include AIIMS Raebareli and the National Institutes of Design in Delhi, Andhra Pradesh, and Haryana. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Outdoor Clothing | Designed to Perform. Built to Endure. Trek Kit India Shop Now Undo 'It has come to the attention of UGC that these institutions have failed to submit the mandatory Anti-Ragging undertakings by students and compliance undertaking by the institutions, despite multiple advisories issued by the UGC, follow-up calls from the Anti-Ragging Helpline, and direct interventions by the Anti Ragging Monitoring Agency,' UGC Secretary Manish Joshi said, reported PTI. 'Adherence to the UGC Regulation on Ragging, 2009 is mandatory for all Higher Education Institutions (HEIs). Failure to comply not only violates UGC guidelines but also compromises student safety, particularly in light of increasing concerns about ragging-related distress and campus hostility,' he added. Live Events In addition to public censure, the UGC has warned that continued non-compliance may lead to withdrawal of grants and funding, cancellation of research projects, and even de-recognition or withdrawal of affiliation if corrective action is not taken within 30 days. Other prominent institutions that have received notices include the National Institute of Pharmaceutical Education and Research (NIPER), Hyderabad; Nalanda University; Indira Gandhi National Open University (IGNOU); and the Indian Statistical Institute, Kolkata. As per the UGC's 2009 regulations, every student, along with their parents or guardians, must submit an anti-ragging undertaking at the time of admission and at the start of each academic year. The regulations aim to ensure a safe and inclusive campus environment free from intimidation or harassment. With inputs from PTI
